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China's total export in November was 2,221.72 billion yuan, with the previous value of 2,189.92 billion yuan. China's total import volume in November was 1,528.92 billion yuan, with the previous value of 1,510.82 billion yuan.Rong Sheng Development failed to pay the "20 Rong Sheng Real Estate MTN003" as scheduled, with a total principal and interest of 1,678.08 million yuan. On December 10th, Rong Sheng Real Estate Development Co., Ltd. announced that the "20 Rong Sheng Real Estate MTN003" issued by the company failed to pay the principal and interest of 1,678.08 million yuan as scheduled. The debt was due today, but the company failed to repay it in full. Rong Sheng Real Estate said that it will actively communicate with bondholders on the follow-up disposal plan to seek a solution. "20 Rong Sheng Real Estate MTN003" passed the extension plan in 2022, with the principal extended for one year and the interest extended for two years. (澎湃)Huang Wentao, China CITIC Construction Investment Co., Ltd.: Policy strength and tools are expected to achieve new breakthroughs. the Political Bureau of the Communist Party of China (CPC) Central Committee held a meeting on December 9 to analyze and study the economic work in 2025. Huang Wentao, chief economist of CITIC Jiantou, said in the latest interpretation that the meeting first mentioned "strengthening unconventional countercyclical adjustment", and the policy framework is expected to get rid of the mindset and achieve new breakthroughs in strength and tools. Huang Wentao mentioned that the "unconventional" policy will be mainly reflected in the breakthrough of the original conventional policy model, including: First, the breakthrough of monetary policy from "steady" to "moderately loose", and the transformation from the traditional model to the modern central bank system in the transmission system. Second, it is expected that the fiscal deficit constraint of 3% will be greatly exceeded, and the mode of financial development may also be optimized in the past, with more inclination to the residential sector. Third, in stabilizing the capital market, more powerful and effective measures are introduced to prevent excessive market volatility. "The stocks and debts are expected to continue." Huang Wentao pointed out that the unconventional countercyclical adjustment policy not only provides sufficient impetus for the recovery of economic vitality, but also provides strong support for improving expectations and reviving confidence, and provides sufficient source of living water for the capital market. The stock market is expected to continue to strengthen and the risk-free rate of return is expected to continue to decline.

Electric wind power set up a new company, including offshore wind turbine business. The enterprise search APP shows that recently, Shangdian Ruoqiang New Energy Co., Ltd. was established with Gao Xiang as its legal representative and registered capital of 1 million yuan. Its business scope includes: sales of new energy prime mover equipment; Sales of onshore wind turbines; Offshore wind turbine sales, etc. Enterprise equity penetration shows that the company is wholly owned by Electric Wind Power.General Administration of Customs: China's imports of iron ore, coal and natural gas increased in the first 11 months. According to customs statistics, in the first 11 months of 2024, China imported 1.124 billion tons of iron ore, up 4.3%, and the average import price (the same below) was 768 yuan per ton, down 3.9%; 506 million tons of crude oil, down by 1.9% to 4,208.8 yuan per ton, up by 0.3%; 490 million tons of coal, up 14.8%, 688.4 yuan per ton, down 12.5%; 120 million tons of natural gas, up by 12% to 3,506.2 yuan per ton, down by 5.8%; 97.09 million tons of soybeans, an increase of 9.4% and a decrease of 15.1% to 3,591.7 yuan per ton; Refined oil reached 44.94 million tons, up by 4.5%, reaching 4,322.9 yuan per ton, up by 4.5%. In addition, 26.333 million tons of plastics with primary shapes were imported, a decrease of 2.4% to 10,800 yuan per ton, a decrease of 0.1%; The unwrought copper and copper products reached 5.127 million tons, up by 1.7% and 67,700 yuan per ton, up by 11.1%.FTSE China A50 index futures fell to 3%.

Significant progress in domestic growth hormone! Jichuan Pharmaceutical Co., Ltd. and Tianjing Biological Co., Ltd. announced that the listing application of Etan long-acting growth hormone was accepted, with a height of 10.76 cm a year, which made significant progress in domestic growth hormone. Today, Tianjing Bio and Jichuan Pharmaceutical jointly announced that the application for marketing biological products of Etan long-acting recombinant human growth hormone injection (hereinafter referred to as "Etan long-acting growth hormone") for treating children's growth hormone deficiency (PGHD) has been accepted by NMPA. As the first and only long-acting growth hormone with fusion protein in the domestic application stage and listed products, this innovative therapy is expected to provide safe, effective and convenient treatment options for children with growth hormone deficiency. Etan long-acting growth hormone adopts innovative hyFc® fusion protein technology, which greatly improves the stability and half-life of the drug by combining human growth hormone with specially designed human immunoglobulin. This patented technology not only ensures the biological activity of growth hormone, but also realizes the long-acting function of growth hormone in the body, thus making Ethan the first fusion protein long-acting growth hormone to be administered once a week.Zelensky said it was "meaningless" to discuss Ukraine's NATO membership with Trump, and Musk responded with an expression. According to "Russia Today" (RT), American entrepreneur elon musk responded with an expression to a post on social media platform X on the 9th that Ukrainian President Zelensky said it was "meaningless" to discuss Ukraine's NATO membership with US President-elect Trump. RT said that the post that triggered Musk's reply wrote, "Zelensky: I will ask Biden (the current president of the United States) to invite me (Ukraine) to join NATO ... It is meaningless to talk to Trump (the president-elect of the United States)." The post was accompanied by a video of Zelensky's remarks. RT mentioned that Musk forwarded this post on social media platform X on the 9th, and responded with an expression of "provoking eyebrows". RT said that this expression represents "doubt, doubt, disapproval, surprise and confusion". Zelensky was quoted as saying that Trump has not yet entered the White House, so what he said now is not enough. (World Wide Web)Singapore real estate tycoon plans to set up a family office in Abu Dhabi, and the family of Singapore real estate tycoon Raj Kumar plans to set up a family office in Abu Dhabi. Kishin RK, the son of Rajkumar, said that Abu Dhabi was chosen because of its strategic location and internationally recognized legal framework. "Setting up a family office in Abu Dhabi also allows us to expand our investment in the UAE and the Middle East." The net worth of Rajkuma family is estimated to be about $3.15 billion. Gissing did not disclose the scale of management funds of the family office, but said that they are recruiting and will focus on real estate investment in the retail, commercial and hotel sectors.