National Energy Administration: As of the end of December 2024, the country's cumulative installed power generation capacity was about 3.35 billion kW, an increase of 14.6% year-on-year.
National Bureau of Statistics: In December 2024, among the 70 large and medium-sized cities, the sales prices of commercial housing in first-tier cities rose month-on-month, and the overall decline in second- and third-tier cities narrowed month-on-month; the year-on-year decline in first-, second- and third-tier cities continued to narrow.
The Philadelphia Federal Reserve Manufacturing Index in January was 44.3, with expectations of -5. The previous value was revised from -16.4 to -10.9.
On January 16, the latest data obtained from Sensor Tower shows that it is estimated that in the past seven days (January 8 to January 14 local time), Xiaohongshu's mobile app downloads in the United States increased by more than 20 times compared with the previous seven days (January 1 to January 7 local time), and increased by more than 30 times compared with the same period in 2024. Since the beginning of the month, more than one-fifth (22%) of Xiaohongshu's total app downloads have come from...
"Fed Speaker" Nick Timiraos: With December CPI and PPI data, forecasters expect December core PCE to rise 0.17% (nearly 2% annualized), which will keep core PCE at 2.8% annualized and reduce the 6-month and 3-month annualized values to 2.3% and 2.2%, respectively. (Jin Ten)
Citi said it expects the Reserve Bank of Australia to hold its ground in February and cut interest rates for the first time in May. It is expected to cut interest rates by a total of 75 basis points this year. (Jin Ten)
In its "Bitcoin Monthly" report, ARK Invest said that while Bitcoin's volatility spiked at the end of the fourth quarter, it was "not significant in historical context". Bitcoin's monthly volatility in December was relatively modest compared to its annual volatility, and the low relative volatility is a sign that Bitcoin has not yet entered the frenetic phase of its cycle, meaning further gains are likely, especially in a bull market. "Indeed, these data points suggest further upside in 2025," t...
Market news: The Trump team is studying a 2% -5% increase in tariffs on a monthly basis, but Trump himself has not yet evaluated or approved the idea of gradual tariffs.
Cryptocurrency analyst Axel Bitblaze said that historically, the January bitcoin sell-off has been a common occurrence in the years following the halving, and exemplifies the new highs that followed the 2017 and 2021 sell-offs. 1. In January 2021, the next most recent year after the halving, the bitcoin price fell by more than 25% from more than $40,000 to just over $30,000 by the end of the month. By November, the bitcoin price surged 130% to a new all-time high of $69,000. In January 2017, a y...
Market news: The Bank of Japan is said to be still considering its January interest rate decision.
TSMC: Consolidated revenue in December 2024 was approximately NT $2781.63 billion, an increase of 0.8% over the previous month and 57.8% over the same period last year. Cumulative revenue from January to December 2024 was approximately NT $2.89438 trillion, an increase of 33.9% over the same period last year.
Bank of America economists said that the Fed's suspension of interest rate cuts in January is clearly a basic scenario. If the labor market stops gradually cooling, the rate-cutting cycle may end. (Jin Ten)
Federal Reserve Governor Bowman: Support the December rate cut as the "last step" of policy readjustment.
Tesla exported 10,839 Chinese-made vehicles in December.
On January 9, data from the National Bureau of Statistics showed that in December 2024, the national consumer price rose by 0.1% year-on-year. Among them, urban prices rose by 0.1%, while rural prices were flat; food prices fell by 0.5%, non-food prices rose by 0.2%; consumer prices fell by 0.2%, and service prices rose by 0.5%.