Economic Policy and Trade Relations - Chinese Premier Li Qiang emphasized the need for proactive fiscal policies and adequate monetary policies to support high-quality development and respond to challenges[5] - Trump plans to impose a 10% tariff on Chinese exports starting February 1, which is lower than previously indicated rates during his campaign[13] - Trump expressed a preference not to impose tariffs on China, viewing them as a significant leverage point[10] Financial Market Developments - The implementation plan for long-term capital entering the market aims for public funds to increase their A-share holdings by at least 10% annually over the next three years, potentially adding several hundred billion yuan to the market[12] - By the end of January, the total loan amount for real estate "white list" projects reached 5.6 trillion yuan, exceeding initial expectations[12] Market Performance Indicators - The Shanghai Composite Index rose by 0.33%, while the Shenzhen Component Index increased by 1.29% and the ChiNext Index surged by 2.64%[30] - The CRB Spot Index increased to 539.94, indicating a rise in commodity prices[18] - The Baltic Dry Index (BDI) declined to 824 points, reflecting a downturn in shipping rates[23] Fiscal Data - In 2024, the general public budget revenue is projected at 21.97 trillion yuan, a 1.3% increase year-on-year, while expenditures are expected to reach 28.47 trillion yuan, up 3.6%[12] - The broad fiscal revenue is anticipated to decrease by 1.98% to 28.18 trillion yuan, while broad fiscal expenditure is expected to grow by 2.71% to 38.61 trillion yuan[13]
宏观周报：特朗普认为中美关系非常良好 计划加征关税幅度小于此前表述
Guo Xin Qi Huo·2025-02-05 09:27