Economic Indicators - In February 2024, the balance of pledged supplementary loans (PSL) from major banks remained stable at CNY 3.40 trillion[7] - The official manufacturing PMI for February was 49.1%, a decrease of 0.1 percentage points from January, remaining below the growth line for five consecutive months[7] - The Caixin manufacturing PMI for February was 50.9%, an increase of 0.1 percentage points from January, indicating expansion for four consecutive months[7] Real Estate Market - As of February 28, 2024, 276 cities across 31 provinces have established urban financing coordination mechanisms, proposing approximately 6,000 real estate projects with over CNY 200 billion in loans approved[15] - The total land transaction area in 100 major cities was 1,196.73 million square meters, maintaining a regular level[43] Commodity Prices - The wholesale price of pork slightly decreased to CNY 20.14 per kilogram, while vegetable prices fell to CNY 5.49 per kilogram, and fruit prices remained stable at CNY 7.26 per kilogram[19] - The Baltic Dry Index (BDI) rose to 2,203 points, indicating an upward trend in shipping rates[48] Stock Market Performance - Major A-share indices saw increases, with the Shanghai Composite Index rising by 0.74% and the Shenzhen Component Index increasing by 4.03%[53] - The yield on 2-year government bonds increased by 0.85%, while the yield on 30-year bonds decreased by 3.46%[71] Foreign Trade - The China Containerized Freight Index (CCFI) rose to 1,352.40 points, reflecting an increase in shipping costs[66]
宏观周报：全国两会召开在即 稳增长值得期待
Guo Xin Qi Huo·2024-03-03 16:00