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CICC: Depleting inventories to eliminate excess supply is still the main direction. The Central Economic Work Conference was held in Beijing from December 11th to 12th. In terms of real estate, the meeting will "continue to push the real estate market to stop falling and stabilize" as the primary task of risk prevention. The research department of CICC believes that destocking to eliminate excess supply is still the main direction. First, control the supply of new land; second, optimize the supply structure of existing land and commercial housing; it is expected that the supply optimization policies such as land ticket, land exchange and commercial housing reform will be further promoted; third, dispose of existing commercial housing; it is expected that the efforts to store unsold commercial housing and existing second-hand housing for affordable housing will be increased; fourth, intensify the implementation of the renovation of urban villages and dilapidated houses."Black Myth: Wukong" won two TGA awards and is competing for the best game of the year. On December 13th, the reporter learned that at the TGA(The Game Awards)2024 award ceremony, the domestic game "Black Myth: Wukong" won the best action game and the player's voice award, and the best game award is in the competition. Jiang Baicun, the director of the planning of Black Myth: Wukong, said in his acceptance speech: "It is a great honor to win this award. First of all, I want to thank every player. It is your support that makes such an oriental myth about courage and wisdom shine on such a stage. I also want to thank the organizers for not setting up an' air wall' during my coming to power." (Dahe Finance Cube)American soldiers stationed in Japan were sentenced to five years' imprisonment for abducting and sexually assaulting a woman under the age of 16. On December 13th, it was learned that the Naha District Court sentenced the soldier to five years' imprisonment for the abduction and sexual assault of a woman under the age of 16 by an American air force soldier in Okinawa last December. (CCTV News)

IDC: The global market for sweeping robots continued to grow in the third quarter. According to IDC's Quarterly Tracking Report on the Global Smart Home Equipment Market, the third quarter of 2024, the global market for intelligent sweeping robots shipped 5.014 million units in the third quarter, up 11.1% year-on-year. Among them, the domestic market was boosted by the trade-in of old models at the end of September, with 1.321 million units shipped, up by 17% year-on-year, and the efforts of most provinces were around 20%, which significantly stimulated the shipment of high-end models, and this trend also continued to this year's "Double Eleven". The proportion of overseas sales of China manufacturers continues to increase, and the competition of high-end all-around models in European and American markets is still fierce.The concept of Tik Tok continued to strengthen, with the daily limit of Bee Assistant, City Xiangjiang and Ruoyu Chen, and the daily limit of Gravitational Media trying to seal it back, and the technology of moistening and worth buying went up.Zhongkong Technology won the bid for the whole plant control system project of Rong Sheng New Materials and held a kick-off meeting. Recently, Zhongkong Technology successfully won the bid for the whole plant control system framework project of Jintang New Materials Project of Rong Sheng New Materials (Zhoushan) Co., Ltd. (hereinafter referred to as "Jintang New Materials Project") and held a kick-off meeting in Zhongkong Science Park. The project is expected to deploy 360,000-point I/O DCS system, 15,000-point SIS system and 10,000-point GDS system. At the same time, a number of new products and technologies that occupy the forefront of the industry, such as UCS products of central control technology, SmartEIO, million-point real-time database and calorific value analysis, will also be applied on a large scale in this project, helping Jintang new materials to build a world-leading intelligent factory.

According to sources, Keppel and Sovico Group are discussing submarine cables between Singapore and Vietnam.On the 13th, the South Korean opposition party reported to the National Assembly on the motion of impeaching President Yin Xiyue again. (Xinhua News Agency)Ye Fan, Southwest Securities: In 2025, the upward trend of domestic economy will continue, and it is estimated that the annual RRR will be lowered by about 100bp. The Central Economic Work Conference will be held in Beijing from December 11th to 12th. Ye Fan, chief economist of Southwest Securities, said that in 2025, the domestic economy will continue to stabilize and upward under the policy. From the structural point of view, infrastructure and manufacturing investment are expected to remain the main support items for domestic investment next year, and the decline in real estate investment will gradually narrow; Domestic demand is expected to play a stronger role in stimulating the economy than external demand, and domestic residents' consumption is expected to continue to pick up under the policy. Regarding the direction of fiscal and monetary policies, Ye Fan predicted that the issuance scale of ultra-long-term special government bonds will be around 1.5 trillion -2 trillion yuan in 2025, and it will continue to support the "dual" areas. In the first half of next year or the peak of government bond issuance, there may be a RRR cut for hedging. It is estimated that the RRR cut will be about 100bp for the whole year, and the interest rate cut will be decided by camera. The interest rate cut of 25bp-40bp may be promoted step by step.