Economic Growth - The operating rate of blast furnaces in 247 steel mills nationwide was 79.55%, an increase of 0.53 percentage points from the previous week[1] - The capacity utilization rate of steel mills rose to 85.71%, up by 0.26 percentage points week-on-week[1] - The average daily pig iron output reached 2.2864 million tons, an increase of 0.072 million tons from the previous week[1] Inflation - The average wholesale price index for agricultural products was 129.91, up by 0.36% compared to January's average[2] - The average wholesale price index for the "vegetable basket" was 132.80, reflecting a 0.46% increase from January[2] Interest Rates - The average overnight SHIBOR rate was 1.3192%, down by 0.0514 percentage points from the previous week[3] - The average 1-day repo rate was 1.3963%, decreasing by 0.0684 percentage points week-on-week[3] Policy Developments - The State Council approved the "Modern Capital Metropolitan Area Spatial Coordination Plan (2023-2035)" aimed at establishing a world-class metropolitan area centered around the capital[4] - A joint announcement by the People's Bank of China and eight departments clarified that virtual currency-related activities are illegal and strictly prohibited within the country[4] Risk Factors - Potential geopolitical deterioration beyond expectations poses a risk to economic stability[5] - An unexpected recession in Europe and the U.S. could adversely affect market conditions[5]

Group 1 - The core finding of the New York Federal Reserve's survey indicates that the probability of job seekers finding employment has dropped to 43.1%, marking the lowest level since the data series began in 2013 [1] - Households expect a slight increase in short-term inflation, reflecting concerns about rising prices [1] - Data from Bank of America (BAC) suggests that the most severe phase of economic slowdown may be coming to an end [1]