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Friday, February 28th, China Briefing


Friday, February 28, 2025, the first day of the second lunar month, Good Morning Day Signing Briefing

1. Shanghai’s latest fertility data announced: the total fertility rate of the registered population in 2024 will be 0.72, the average age of first childbearing will be 31.81 years old, and the average age of childbearing will be 32.58 years old;

2. Ministry of Commerce: In 2024, the country’s import and export of services will exceed one trillion US dollars for the first time, hitting a record high; In 2024, China’s mobile phone exports will be 814 million, an increase of 1.5%, the first time to return to positive after 8 consecutive declines;

3. Institutional data: the pressure to buy a house continues to decline, and the house-price-to-income ratio in second-tier cities has dropped by more than 1%; There has been a “tide of property fee price reduction” in many places across the country, and some communities have dropped to 5% off;

4. The representative suggested: extend the Spring Festival holiday to 9 days and cancel the compensatory holiday system; Committee members suggested: In the era of AI, mobile phones should be returned to children;

5. Shenzhen, Chengdu and other places released monitoring data saying that the competition in the online car-hailing market has intensified and the income has decreased, reminding practitioners to choose carefully;

6. China took the lead in formulating the world’s first international standard for elderly care robots, which was officially released to help hundreds of millions of silver-haired people live a high-quality life;

7. Xiaomi released the Xiaomi SU7 Ultra, with a price starting at 529,900 units, and a 10-minute decision to exceed 6,900 units, officially announced: the fastest four-door production car on the surface;

8. According to the Internet, Mercedes-Benz plans to lay off 15% of its employees in China and compensate N+9, Mercedes-Benz China responds: integrate or reduce redundant and repetitive positions, involving some employees;

9. More than 60 private cars parked on the roadside at night in Dachang County, Hebei Province were damaged, and the police reported: The suspect has been criminally detained;

10. Hong Kong media: Hong Kong rioter Lin Zhuoting was sentenced to 37 months in prison for participating in the Yuen Long attack in 2019;

11. Japanese media: Japan’s population crisis has intensified, and the number of births in 2024 will drop to 720,000, a decrease of 5% from 2023, setting a new record for 9 consecutive years;

12. Foreign media: Floods and hailstorms have hit many places in Afghanistan, resulting in 39 deaths; An outbreak of unknown cause in the Democratic Republic of the Congo (DRC) has killed more than 50 people;

13. U.S. media: The list of Epstein’s cases will be released on the 28th, with more than 250 victims, and the U.S. Attorney General said: The behavior of Epstein and other defendants is disgusting;

14. US media: Trump said that the EU was established to deal with the United States and would impose 25% tariffs on the EU, and the European Commission responded: It will make a resolute and rapid response;

15. Foreign media: Putin said that Russia and the United States are ready to re-establish cooperative relations; The United States abstained from voting on the statement of some WTO members condemning Russia for the first time since the conflict between Russia and Ukraine.

【Golden Sentence of the Day】Yesterday was beautiful, today is cruel; Tomorrow is a new beginning, but a lot of people are giving up tonight.


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