Shanghai's "trade-in" has driven consumption to exceed 10 billion yuan. According to the statistics of Shanghai Jiaodian Household Appliances Business Association, as of December 11, Shanghai's household appliances consumption subsidy activities have achieved remarkable results, and the number of people participating in the trade-in of household appliances in Shanghai has exceeded 3.57 million. The sales of eight categories of household appliances, including air conditioners, computers and refrigerators, covered by the state subsidy increased by 30%-40% year-on-year. During the implementation of the policy, the cumulative amount of subsidies reached 1.165 billion yuan, and the consumption of household appliances and household products by all platforms exceeded 10 billion yuan. (Liberation Daily)Goldman Sachs: We estimate that if the price of Brent crude oil falls to the range of more than $50/barrel by the end of 2025, the growth rate of shale oil supply in the United States will fall below 100,000 barrels per day in 2025, which in turn will push the price of Brent crude oil up by $8 per barrel in 2025.Market News: New Zealand has put forward the reason to the United States that it hopes not to introduce new tariffs during Trump's administration.
Jilin Province promotes the high-quality development of ice and snow economy and cultivates a number of well-known brands and leading enterprises. The Standing Committee of Jilin Provincial Party Committee recently deliberated and adopted the "Implementation Opinions on Promoting the High-quality Development of Ice and Snow Economy in Jilin Province". According to the "Implementation Opinions", by the snow season of 2027-2028, the number of ice and snow tourists will reach 230 million, and the total spending of ice and snow tourists will reach 420 billion yuan. By 2030, ice and snow tourism will receive 300 million people, the total cost of ice and snow tourism will reach 540 billion yuan, and the total output value of ice and snow equipment manufacturing industry will exceed 5 billion yuan. Jilin Province will strive to declare 1-2 national ski resorts, and operate no less than 100 characteristic ice and snow parks every year to build high-quality ice and snow tourist destinations. Vigorously develop famous cities, towns and villages in ice and snow, and cultivate a number of well-known brands and leading enterprises in the field of ice and snow. (Securities Times)WTI crude oil futures closed down 0.38%, while WTI January crude oil futures closed down 0.27 US dollars, down 0.38% to 70.02 US dollars/barrel. Brent February crude oil futures closed down 0.11 US dollars, down 0.15% to 73.41 US dollars/barrel. Nymex January natural gas futures closed up 2.28% at $3.4550/million British heat.The production and transportation capacity is continuously released. The coal supply is guaranteed this winter and next spring. In winter, the heating energy can be greatly improved. As a stabilizer of China's energy supply, coal production, storage and transportation have attracted much attention. At the 2025 National Coal Fair held recently, more than 30 enterprises signed medium-and long-term contracts for coal. Most of the medium-and long-term contracts signed this time are independently connected by the supply and demand sides, and the transaction has a high degree of marketization, which is conducive to the performance of enterprises according to the actual contract volume, and has laid a "reassuring" for coal supply this winter and next spring. The reporter learned from the China Coal Industry Association that in the first 10 months of this year, the national raw coal output above designated size was 3.89 billion tons, up 1.2% year-on-year, and the output reached the highest level in the same period in history. In terms of imports, in the first three quarters, China imported 389 million tons of coal, up 11.9% year-on-year. At the same time, coal storage is also full of confidence. According to the data, at present, the coal storage capacity of power plants nationwide is more than 200 million tons, and the average available days are more than 30 days. (Economic Daily)
The nominee of the Trump Department of Transportation said that the agency will ensure "the safety of aircraft produced by Boeing."From the United States to the week of December 5, foreign central banks held US Treasury bonds of-203 million US dollars, with the previous value of-6.157 billion US dollars.