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Real-time News
Israel Defense Forces: After a failed rocket launch from Gaza into Israel, the IDF struck the launch site.Russian Defense Ministry: Russian forces attacked energy facilities and port infrastructure used by the Ukrainian military.On January 8th, the General Office of the Guangzhou Municipal Peoples Government released the "Guangzhou Municipal Plan for Accelerating the Construction of a Strong City in Advanced Manufacturing (2024-2035)". The plan mentions continuously promoting the design, manufacturing, and packaging/testing capabilities of automotive chips, including computing, control, storage, analog drive and power, communication and interface, sensor, and power chips, to enhance the security level of the industrial chain and supply chain. Specifically, it promotes chip manufacturing and design companies to collaborate with automotive manufacturers on the packaging, testing, and certification of automotive chips such as high-reliability microcontroller units (MCUs), artificial intelligence chips, power control management chips, advanced driver assistance system (ADAS) chips, and automotive audio/video/information terminal chips, accelerating the improvement of related supporting service capabilities and promoting the large-scale application of independently controllable automotive chips; driven by automotive enterprise applications, it aims to improve related supporting service capabilities and promote the large-scale application of independently controllable automotive chips.On January 8th, the General Office of the Guangzhou Municipal Peoples Government released the "Guangzhou Municipal Plan for Accelerating the Construction of a Strong City in Advanced Manufacturing (2024-2035)". The plan focuses on the entire value chain of new energy vehicle R&D, manufacturing, and services, accelerating the formation of an industrial chain for key assemblies such as power batteries, drive motors, electronic controls, and fuel cell stack systems, and establishing leading advantages in "three-electric" systems (battery, motor, and electronic control) as well as sensors and dedicated chips. It supports the construction of an innovation platform integrating new energy vehicles with smart energy and intelligent transportation, and accelerates the construction of a national intelligent connected vehicle innovation center. It explores multi-scenario applications of autonomous driving technology based on efficient collaboration between vehicles, roads, networks, cloud, and maps, accelerating technological breakthroughs and industrialization of intelligent connected new energy vehicles. It also accelerates the construction of an intelligent connected vehicle industrial park, continuously promotes the R&D and industrialization of intelligent electric vehicles, and strengthens the testing and demonstration of intelligent connected vehicles.January 8th - The European Central Bank released its inflation survey report: In November, consumers expectations for nominal income growth over the next 12 months remained unchanged at 1.2%. Expectations for nominal spending growth over the next 12 months fell to 3.4% from 3.5% in October, with respondents in the three lowest income brackets showing slightly higher spending growth expectations than those in the two highest income brackets. Economic growth expectations for the next 12 months became more negative, falling to -1.3% in November from -1.1% in October. Expectations for the unemployment rate over the next 12 months fell to 10.9% in November from 11.0% in October. As in previous months, low-income households had the highest expectations for the unemployment rate over the next 12 months (13.4%), while high-income households had the lowest (9.4%). Consumers still expect the future unemployment rate to be only slightly higher than the perceived current unemployment rate (10.4%), indicating a generally stable labor market outlook.
