Author: xjadmin

On May 4, it was reported that today is the the fourth day of the “May Day” holiday. The reporter learned from the Ministry of Transport that the cross regional mobility of people in the whole society today is expected to exceed 270 million person times, including 20.4 million person times of railway passenger traffic; The expected flow of highway personnel is over 240 million people; The estimated passenger volume by waterway is 1.7 million people; The estimated passenger volume of civil aviation is 2.25 million. (CCTV)

On May 4th, Citigroup released a research report stating that Meta’s first quarter financial report for fiscal year 2025 exceeded expectations, with advertising revenue excluding exchange rate effects growing by 20% year-on-year. The company’s Q2 guidance cap exceeded market expectations. The key is that the demand trend for Meta advertising is relatively healthy. Although the bank focuses on the impact of macroeconomic factors and reduced spending by Chinese advertisers, the scale of Meta users and advertisers, as well as the focus on new products, are offsetting some of the macro challenges. Citigroup stated that it is impressed by Meta Artificial Intelligence (AI) reaching approximately 1 billion monthly active users, Threads reaching 350 million monthly active users, and the increased engagement in core applications. Meta has indeed raised the median capital expenditure guidance by approximately $5.5 billion, and the bank believes that the company’s five core AI focus areas can drive sustained growth in the future. The bank pointed out that Meta is still its first choice stock, so it reiterated its “buy” rating and raised its target price from $655 to $690.

On May 4th, the Asian Development Bank announced a series of plans to expand its support for long-term food and nutrition security in the Asia Pacific region by $26 billion, thereby increasing the total funding for food security initiatives to $40 billion between 2022 and 2030. The additional $26 billion announced today will consist of $18.5 billion directly supported by the Asian Development Bank for relevant governments and $7.5 billion invested in the private sector. The aid funds will be used for a comprehensive plan covering the entire process of food production, from planting, processing to circulation and consumption.

On May 4th, according to the latest data from Ele.me, the full launch of Taobao flash purchases has driven a surge in Ele.me’s nationwide logistics orders. Within 48 hours after the full launch, 13 cities including Nanning, Guiyang, Zhongshan, Putian, and Sanya have exceeded their historical peak in daily logistics orders.

On May 4th, OPEC+representatives stated that Saudi Arabia has warned member countries with overproduction that unless they improve compliance, the organization will further increase supply. On Saturday, OPEC agreed to increase production by 411000 barrels per day in June, marking the second consecutive month of production increase aimed at punishing countries such as Kazakhstan and Iraq for cheating on quotas. OPEC+representatives stated that Saudi Arabia is considering gradually phasing out its previously set voluntary production cuts of 2.2 million barrels per day at a similar pace.

On May 4th, Ke Er Rui Real Estate issued a statement stating that the real estate market stopped falling and stabilized in the first quarter. The second-hand housing market in Beijing, Shanghai, Shenzhen, and Hangzhou saw a steady increase in volume and price, with a year-on-year increase of 17% in transactions. The demand for high-end housing and luxury homes rebounded, and the price of essential needs stopped falling. Second hand housing, as a leading indicator of new housing, promoted market expectations to repair and accelerated the overall market stabilization. As a barometer of the new housing market, the second-hand housing market has the characteristics of leading indicators and is more sensitive to policies; On the other hand, the stabilization of second-hand housing prices also helps to stabilize expectations for the new housing market.

On May 4th, Russian President Putin stated that Russia has not specifically prepared for a special military operation in Ukraine, but is seeking to resolve the Donbass issue through peaceful means. Putin said in the documentary “Russia Kremlin Putin 25 Years” aired by Saida Medvedeva and Pavel Zarubin on the “Russia 1” television station, “We have not been specifically prepared for this. We sincerely seek to resolve the Donbass issue through peaceful means. However, it has been proven that the other party has different ideas and takes different actions.” Putin pointed out, “In 2014, this was actually unrealistic. The country was not yet prepared for direct confrontation with the Western collective

On May 4th, it was learned from the National Data Administration that the 8th Digital China Construction Summit concluded today (4th). This summit attracted over 360000 attendees, setting a new historical record and achieving fruitful results. This summit held more than 40 forums and dialogue exchange activities, and for the first time released the Digital China Development Indicator System and the Digital Economy Unicorn Development Report; Highlighting the leading role of enterprises, the proportion of business guests attending the conference has increased to 70%. In terms of industrial docking, 455 key digital economy projects were signed at the summit, with a total investment of 228 billion yuan, up 8% and 12% respectively from the previous summit. The projects covered a number of fields such as new generation artificial intelligence, robots, computing infrastructure, and Internet medicine.

On May 4th, recently, China’s beautiful scenery and cuisine have frequently appeared on Korean TV dramas and variety shows. Since May 1st, South Korea has entered a “golden holiday”, and many young Koreans have also followed the “film and television travel” to China to check-in in person. Through the dissemination of short videos and film works, Zhangjiajie’s stunning scenery has become one of the “must visit” attractions in the hearts of Korean tourists. The latest data shows that the number of Korean tourists to China reached 2.66 million in the first quarter of this year, a year-on-year increase of 24.1%. Among the international routes departing from Incheon, the route to China has the largest growth rate.

On May 4th, the German Air Force recently received the first batch of equipment for the “Arrow-3” missile defense system in Israel, marking the steady progress of the system’s deployment in Germany as planned. According to the German Air Force on the 4th local time, Air Force Inspector General Lieutenant General Ingot Gerhard received the core communication components of the “Arrow-3” missile defense system during his visit to Israel Aerospace Industries. This modern weapon equipment is designed to intercept incoming missiles at high altitudes outside the atmosphere. According to Gerhard, by introducing the “Arrow-3” system, Germany will further enhance its air defense and anti missile capabilities to better respond to potential threats from high altitude and long-range directions.