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Shanghai will build a space-time digital twin system. Chen Jining, secretary of the Shanghai Municipal Party Committee, attended the opening day of "Shanghai Quantum City Space-time Innovation Base" in Fuxing Island, Yangpu District yesterday morning to unveil the Shanghai Key Laboratory of Space-time Innovation of Quantum City. According to the construction plan, relevant parties in Shanghai will innovatively integrate and apply all kinds of new digital technologies to build a spatio-temporal digital twin system with virtual reality, online and offline linkage, and all things interconnected. By 2027, the city's spatio-temporal intelligent governance capacity will be comprehensively improved, and thousands of industries will be supported, forming a number of industrial clusters in the spatio-temporal field of artificial intelligence. (Liberation Daily)USGS: A 6.4-magnitude earthquake occurred 41km southeast of Molina, Chile. 

Ning Gaoning: Electric vehicles are an industry that will lead the development of China in the future. The global market is very envious. Ning Gaoning, the 13th member of the Standing Committee of Chinese People's Political Consultative Conference and former party secretary and chairman of China Sinochem Holdings Co., Ltd., mentioned at the annual meeting of Chinese business leaders that China may become a sustainable country after China is a manufacturing power. "There are many volumes of electric vehicles in China and how much competition there is. In fact, in the whole global market, everyone has brought great envy to electric vehicles in China, including a vision for the future, which is the industry that will lead the development of China in the future." (Rui Jian)Jiang Xiaojuan argued with European experts that your subsidy for electric vehicles is higher than that of China. Jiang Xiaojuan, a professor at the University of Chinese Academy of Social Sciences, said at the annual financial conference in 2025 that his three visits to Europe last year were all about tariff disputes on electric vehicles. "I calculate the figures particularly carefully. In 2009, the subsidies were fully launched. At that time, we didn't have an electric vehicle to export. The subsidies were not for export, but for electric vehicles and fuel vehicles to compete in the domestic market. In 2016, our exports began to increase, but subsidies also declined rapidly. Therefore, it cannot be said that the competitiveness of electric vehicles in China comes from subsidies, "she said. Even Jiang Xiaojuan calculated the European subsidy data, saying, "Buying a Tesla costs 7,000 to 9,000 euros, which is higher than our subsidy". "My reason is particularly good. I said that we are not exporting. We are competing with domestic fuel vehicles. Your subsidies are more. Why do you say me?" Jiang Xiaojuan said, "Those scholars can't help it, because these are solid data. In the end, they said that regardless of the willy-nilly, our domestic industry was hit too hard and politically unacceptable.". (Rui Jian)Nasdaq 100 Index announced the annual adjustment results of constituent stocks: Palantir, MicroStrategy and Axon will be added to the index, while Illumina, supercomputer and Moderna will be removed.

In November, the growth rate of new loans was 580 billion yuan, and the growth rate of housing loans rebounded. According to the November credit data released by the People's Bank of China yesterday, the financing demand of the real economy continued to show a marginal improvement trend under the continuous effect of a package of incremental policies. In the month, RMB loans increased by 580 billion yuan, and personal mortgages stabilized and rebounded. In the month, medium and long-term loans of households increased by 300 billion yuan, a significant increase from the previous month. The change of residents' medium and long-term loans is closely related to residents' willingness to buy houses. In November, the medium and long-term loans of residents improved significantly compared with October, mainly because personal loans stabilized and rebounded, which confirmed each other with the marginal improvement of real estate market transactions in that month. In November, the year-on-year growth rate of commercial housing transaction area in 30 large and medium-sized cities turned from negative to positive, and the transaction has remained relatively active since December. The reporter learned from the central bank that with the gradual effectiveness of the package of incremental policies to stabilize the real estate market, the phenomenon of early repayment of personal mortgages has been significantly reduced, and the growth rate of housing loans has recently picked up. In October this year, the amount of personal mortgage loans exceeded 400 billion yuan, and the amount of early repayment decreased. The proportion of early repayment in the balance of personal housing loans was significantly lower than that before the introduction of a package of incremental policies. Shanghai Airlines Exchange: This week, the export container transportation market was basically stable, and the market freight rates fluctuated. According to Shanghai Airlines Exchange, this week, the export container transportation market in China was basically stable, and different routes were divided due to their different supply and demand fundamentals, and the comprehensive index rose. On December 13th, the comprehensive freight index of Shanghai export containers released by Shanghai Shipping Exchange was 2,384.40 points, up 5.7% from the previous period.