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Huang Wentao, China CITIC Construction Investment Co., Ltd.: Policy strength and tools are expected to achieve new breakthroughs. the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on December 9 to analyze and study the economic work in 2025. Huang Wentao, chief economist of CITIC Jiantou, said in the latest interpretation that the meeting first mentioned "strengthening unconventional countercyclical adjustment", and the policy framework is expected to get rid of the mindset and achieve new breakthroughs in strength and tools. Huang Wentao mentioned that the "unconventional" policy will be mainly reflected in the breakthrough of the original conventional policy model, including: First, the breakthrough of monetary policy from "steady" to "moderately loose", and the transformation from the traditional model to the modern central bank system in the transmission system. Second, it is expected that the fiscal deficit constraint of 3% will be greatly exceeded, and the mode of financial development may also be optimized in the past, with more inclination to the residential sector. Third, in stabilizing the capital market, more powerful and effective measures are introduced to prevent excessive market volatility. "The stocks and debts are expected to continue." Huang Wentao pointed out that the unconventional countercyclical adjustment policy not only provides sufficient impetus for the recovery of economic vitality, but also provides strong support for improving expectations and reviving confidence, and provides sufficient source of living water for the capital market. The stock market is expected to continue to strengthen and the risk-free rate of return is expected to continue to decline.The net outflow of the main market exceeded 10 billion.China's annual export rate in November was 6.7% in US dollars, with an expected 8.7% and a previous value of 12.70%. China's annual import rate in November was -3.9% in US dollars, with an expected 0.9% and a previous value of -2.30%.

Korean media: Some US troops stationed in South Korea imposed curfews and travel restrictions. On the 9th, South Korean media quoted sources as saying that after the emergency martial law storm in South Korea, some US troops stationed in South Korea began to implement travel restrictions and curfews. According to the Korea Herald, a US soldier stationed in Humphries Barracks, Pyeongtaek City, Gyeonggi Province revealed that after South Korean President Yin Xiyue issued an emergency martial law on the evening of the 3rd, the US military stationed in South Korea issued a travel restriction to restrict US military personnel from going to the capital Seoul and its surrounding major cities. Only the US military stationed in South Korea, whose home is in Seoul, was allowed to go to Seoul. Another U.S. military personnel who did not want to be named said that the U.S. military stationed in South Korea has implemented a curfew, requiring all soldiers who go out to return before 23: 00 every day. In addition, the US military stationed in South Korea also warned soldiers not to go to crowded areas near Wushan Air Force Base and Humphries Barracks. According to the South Korean media, the commander of the US military stationed in South Korea, Paul Lachamera, issued a statement on the 5th, asking relevant personnel to "be vigilant" about the location, mode, time and companions of their own travel around South Korea. According to sources, the US military stationed in South Korea will decide to lift or upgrade the above restrictions on the 11th according to the political situation in South Korea. (Xinhua News Agency)The 10-year Treasury ETF rose 0.50% to 133.799 yuan, a record high.In the first 11 months, the export of mechanical and electrical products was 13.7 trillion yuan, up 8.4%. According to the data of the General Administration of Customs, in the first 11 months of this year, the export of mechanical and electrical products was 13.7 trillion yuan, up 8.4%, accounting for 59.5% of China's total export value in the same period. The export of containers and agricultural machinery increased by 108.7% and 23.1% respectively; The export of ships and motorcycles increased by 65.3% and 24.8% respectively; Exports of flat panel display modules, automatic data processing equipment and their parts increased by 20% and 11.4% respectively. In terms of imports, in the first 11 months of this year, the imports of energy products and mineral products increased by 6.3% and 4.3% respectively; Imports of mechanical and electrical products reached 6.35 trillion yuan, up by 7.5%, of which aircraft parts and electronic components increased by 13.7% and 10.5% respectively. (CCTV News)

Liu Xu, head of the expert group of the third national survey of agricultural germplasm resources: The germplasm resources improvement plan has been started. On December 10th, 2024, the Ministry of Agriculture and Rural Affairs held a press conference on introducing the national survey of agricultural germplasm resources. Liu Xu, an academician of China Academy of Engineering and the leader of the expert group of the third national survey of crop germplasm resources, said at the meeting that most of the resources currently preserved are traditional local varieties and wild related species, on the one hand, they are rich in excellent traits and genetic resources, but most of them are heterogeneous groups, with more genetic burdens, and the good traits are prominent, and the bad ones are also in them, so it is difficult to directly use them in breeding, and it needs to be improved and transformed. Because of the long period, high investment and slow effect of resource improvement, breeders are generally reluctant to engage in the improvement and creation of basic materials, which is one of the important factors that lead to the narrow genetic basis of breeding and restrict the improvement of current breeding innovation ability. This year, we have started to implement the germplasm improvement plan. As the first step, we will start with the most urgent improvement and innovation of maize germplasm resources, try first and try hard to solve the dilemma of insufficient germplasm resources. We want to create a number of excellent varieties that are "available, easy to use and want to use" and provide germplasm support for accelerating the cultivation of breakthrough new varieties. In the next step, we will summarize and implement it while gradually extending it to important crops such as soybeans and rapeseed.The Beijing Municipal Science and Technology Commission and Zhongguancun Management Committee investigated the brain-computer interface technology under Chengyitong. Recently, Li Junnan, Minister of the Frontier Department of Medical Center of Beijing Science and Technology Commission and Zhongguancun Management Committee, and Zheng Meng, Deputy Director of Daxing District Science and Technology Commission, and his party went to Beijing Naolin Technology Co., Ltd., a subsidiary of Chengyitong, to have in-depth exchanges on further promoting the development and application of brain-computer interface technology. According to reports, at present, the company has made a series of important technological breakthroughs, and has completed the trial production of three prototypes of nerve rehabilitation products based on brain-computer interface technology, namely, products based on visual evoked potential paradigm-brain-computer interface cognitive rehabilitation system, brain-computer interface hand function rehabilitation system, and innovative mixed paradigm products based on visual reinforcement of motor imagination-brain-computer interface upper and lower limb active and passive rehabilitation system.Singapore real estate tycoon plans to set up a family office in Abu Dhabi, and the family of Singapore real estate tycoon Raj Kumar plans to set up a family office in Abu Dhabi. Kishin RK, the son of Rajkumar, said that Abu Dhabi was chosen because of its strategic location and internationally recognized legal framework. "Setting up a family office in Abu Dhabi also allows us to expand our investment in the UAE and the Middle East." The net worth of Rajkuma family is estimated to be about $3.15 billion. Gissing did not disclose the scale of management funds of the family office, but said that they are recruiting and will focus on real estate investment in the retail, commercial and hotel sectors.