GuShiio.com ① National Bureau of Statistics: The PMI in February was 50.2%, an increase of 1.1 percentage points from the previous month ② New car-building forces disclosed February deliveries ③ Breaking up with Zelensky on an unhappy basis, and Trump responded ④DeepSeek disclosed for the first time: Theoretical cost-profit margin is 545%.
macro news
1. On the morning of February 28, the Political Bureau of the CPC Central Committee held its 19th collective study on building a higher level of safe China. When presiding over the study, Xi Jinping, General Secretary of the CPC Central Committee, emphasized that building a higher-level safe China is related to the prosperity of the cause, the people’s better life, and the long-term stability of the country. We must unswervingly implement the overall national security concept, continue to work hard to make the country safer, society more orderly, governance more effective, and people more satisfied, and push the construction of a safe China to a higher level.
2. The 10th meeting of the Standing Committee of the 14th CPPCC National Committee opened in Beijing on the morning of March 1. Wang Huning, member of the Standing Committee of the Political Bureau of the CPC Central Committee and Chairman of the National Committee of the Chinese People’s Political Consultative Conference, attended the opening meeting. The meeting reviewed and approved the decision on convening the third session of the 14th CPPCC National Committee; listened to the report of the Chairman’s Meeting of the National Committee of the Chinese People’s Political Consultative Conference on the work of the National Committee of the Chinese People’s Political Consultative Conference in 2024, the work report of the Standing Committee of the CPPCC National Committee (draft), and the explanation of the drafting of the report on the work of the proposal since the second session of the CPPCC National Committee (draft) and the explanation of related matters; Listen to the Economic Committee, Agriculture and Rural Affairs Committee, Population, Resources and Environment Committee, Education, Health and Sports Committee, Social and Legal Affairs Committee, Ethnic and Religious Committee, Hong Kong, Macao and Taiwan Overseas Chinese Committee, Foreign Affairs Committee, Culture, History and Study Committee of the 14th National Committee of the CPPCC. Report on the work of the committee in 2024, etc.
3. The 10th meeting of the Standing Committee of the 14th National Committee of the China People’s Political Consultative Conference held on March 1 decided that the third meeting of the 14th National Committee of the China People’s Political Consultative Conference will be held in Beijing on March 4, 2025.
4. Data from the National Bureau of Statistics showed that in February, the manufacturing purchasing managers index (PMI) was 50.2%, an increase of 1.1 percentage points from the previous month, and the manufacturing boom level rebounded significantly.
industry news
1. Yesterday morning, the “Lujiazui Financial Salon” series of activities was officially launched, contributing wisdom and strength to the high-quality development of China’s finance. At the launching ceremony, witnessed by Li Yun, Secretary of the Party Committee and President of Shanghai Newspaper Group, and Yang Jian, Vice President, the Secretariat of Lujiazui Financial Salon signed a strategic cooperation agreement with Jianxianlian and First Finance and Economics.
2. On March 1, the new car-building forces Xiaopeng, Ideal, Zero Run and Weilai successively disclosed the delivery situation in February. Xiaopeng Automobile delivered 30453 new vehicles in February, a year-on-year increase of 570.03%; Ideal Automobile delivered 26263 new vehicles in February, a year-on-year increase of 29.69%; zero-running cars delivered 25287 vehicles in February, a year-on-year increase of 285.12%. NIO Automobile’s performance in February remained sluggish, with its two major brands delivering less than 10,000 vehicles.
3. The Ministry of Transport held a party group meeting and a ministerial affairs meeting on February 28. The meeting emphasized the need to continue to strengthen the supervision of the transportation of used power batteries and cooperate with the recycling of power batteries for new energy vehicles.
4. The latest data released by Shenzhen Leyoujia Research Center shows that the total number of online signings of first and second-hand residential buildings in Shenzhen exceeded 6000 in February, both of which doubled year-on-year.
5. It was learned from the Ministry of Natural Resources that as of now, a total of 2200 cities and counties across the country have implemented the reform of “land transfer and certificate transfer immediately after handover”, benefiting 18 million people; nearly 2100 cities and counties have opened the “transfer with pledge” business, and a total of more than 400,000 “transfer with pledge” cases have been handled, involving a cumulative mortgage amount of more than 600 billion yuan (bridge funds) from the seller.
6. DeepSeek published an article titled “Overview of DeepSeek-V3/R1 Inference System” on March 1, fully revealing the key secrets behind the V3/R1 Inference System. According to reports, assuming that the GPU rental cost is US$2/hour, the total cost is US$87072/day; if all tokens are calculated according to DeepSeek R1 pricing, the theoretical total revenue for one day is US$562027/day, and the cost-profit margin is 545%.
company news
1. Xiaomi Automobile’s official Weibo announced that Xiaomi SU7 Ultra will be delivered nationwide at 10 o’clock today.
2. Xugong Machinery conducted a survey by the reception agency on February 27 that the company has not produced humanoid robots so far.
3. San ‘an Optoelectronics silicon carbide substrate has been sent to foreign head AR terminal manufacturers for verification.
global market
1. In response to the fierce quarrel with Ukraine President Zelensky during the talks on February 28, US President Trump responded,”The results of this talks were not good. I think Zelensky overestimated his ability.” Trump said that if he wanted to achieve an immediate ceasefire between Russia and Ukraine, he only needed to sign a contract. He also warned Zelensky that without the support of the United States,”he cannot win” and “the end will not be too good.”
2. French President Macron said during his state visit to Portugal on February 28 that if the United States imposes a 25% tariff on imports from Europe, the EU will impose “reciprocal tariffs” on U.S. steel and aluminum, and other products will also have to “take response measures.”
