@luminousqusar
December 30, Friday
High-level Voices:
Data released by the Ministry of Finance shows that from January to November, state-owned enterprises achieved total operating revenue of 75.63 trillion yuan, up 1% year-on-year.
Overall Sentiment:
Yesterday, the power sector in the A-share market declined sharply. The main reason was the release of long-term contracted electricity prices in Guangdong and Jiangsu, the two major manufacturing provinces-both saw significant drops.
Historically, years in which both provinces experienced declines only occurred in 2024.
Last year it could still be explained as an anomaly, but consecutive declines will gradually form a trend. This topic remains completely censored domestically. In short, it is the effect of new energy substitution.
Yesterday in the A-share market, only the Shanghai Composite Index managed to close in the green despite stubborn resistance, while U.S. stocks continued to fall overnight.
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