An action plan to promote the high-quality development of industrial internet platforms has been released, aiming to continuously expand a multi-level platform system comprising "specialized, industry-specific, and collaborative" types. The National Development and Reform Commission announced that it will introduce a comprehensive management measure for the utilization of new energy vehicle power batteries and intensify efforts to restrict and eliminate outdated processes and equipment. U.S. CPI for December 2025 rose 2.7% year-on-year, exceeding expectations, with markets anticipating that Federal Reserve political interference will lead to higher inflation and interest rates. The Ministry of Commerce issued an announcement on the 13th, deciding to continue imposing anti-dumping duties on solar-grade polysilicon imported from the United States and South Korea for a period of five years, effective January 14, 2026. The duty rates are set at 53.3%–57% for U.S. companies and 4.4%–113.8% for South Korean companies. The Ministry of Industry and Information Technology recently issued the "Action Plan for Promoting the High-Quality Development of Industrial Internet Platforms (2026-2028)". The plan proposes that by 2028, significant progress will be made in the high-quality development of industrial internet platforms, with the multi-level system of "specialized, industry-specific, and collaborative" platforms continuing to expand, and the number of influential platforms exceeding 450. The data value-added capabilities, model accumulation, and AI development and application capacities of key platforms will be significantly enhanced, with the number of connected industrial devices surpassing 120 million. The action plan outlines a series of measures centered around platform cultivation and optimization, platform data aggregation and intelligence enhancement, large-scale platform application, and platform ecosystem support. The State Council Information Office held a regular policy briefing on January 13 to discuss the "Comprehensive Solid Waste Management Action Plan". Zhou Haibing, Vice Chairman of the National Development and Reform Commission, stated that efforts will be made to promote the codification of an ecological and environmental code, revise regulations concerning the recycling and treatment of waste electrical and electronic products, hazardous waste operation permits, and construction waste management, issue the comprehensive management measure for new energy vehicle power battery utilization, revise the guiding catalogue for industrial restructuring, and intensify restrictions and the phasing out of outdated processes and equipment. According to the State Administration for Market Regulation, the newly revised "Quality Supervision and Management Measures for Fiber Products" and the "General Technical Requirements for Padding Fiber Products" have been recently issued and will take effect on July 1, 2026. The use of reprocessed fibers as raw materials will be prohibited in infant fiber products and贴身内衣. Starting from zero hour on January 26, the national railway system will implement a new train operating schedule. Following the adjustment, the national railway will schedule 12,130 regular passenger train services, an increase of 243 compared to the current schedule, and 23,748 freight train services, an increase of 177. This will further enhance the national railway's passenger and freight transport capacity and efficiency, while continuously optimizing the supply of transport products. A briefing on the 2025 national performance market released by the China Association of Performing Arts on the 13th showed that the number of commercial performances (excluding entertainment venue performances) nationwide in 2025 reached 640,400, a year-on-year increase of 6.58%. Box office revenue amounted to 61.655 billion yuan, a year-on-year increase of 6.39%, indicating a vigorous and upward development trend in the national performance market. From January 13 to 14, UBS Group held the 26th UBS Greater China Conference (GCC) in Shanghai. Looking ahead to 2026, UBS believes that three key factors will support further upside in the Chinese stock market: improved corporate profit growth, still attractive valuations, and sustained inflows of domestic and foreign capital. In terms of timing, the market environment may be more favorable in the first half of the year, while the focus in the second half is expected to shift to profit realization. Regarding allocations, AI remains the most important investment theme, with growth styles continuing to outperform, but the large-cap versus small-cap style divergence is expected to become more balanced. The Guangzhou Futures Exchange issued a notice stating that, starting from the trading session on January 15, 2026, the transaction fee standard for lithium carbonate futures contracts LC2602, LC2603, LC2604, LC2606, LC2607, LC2608, LC2609, LC2610, LC2611, and LC2612 will be adjusted to 0.032% of the transaction value. The intra-day same-day closing transaction fee standard will also be adjusted to 0.032% of the transaction value. Furthermore, starting January 15, 2026, the single-day open position limit for non-futures company members or clients in lithium carbonate futures contracts LC2606, LC2607, LC2608, LC2609, LC2610, LC2611, and LC2612 will be set at 400 lots per contract. On January 13, Kweichow Moutai Co., Ltd. announced that its Fourth Board of Directors' first meeting of 2026 reviewed and passed the "2026 Kweichow Moutai Liquor Market-Oriented Operation Plan." Regarding the pricing mechanism, the plan explicitly proposes to establish a market-oriented, dynamic adjustment mechanism for the retail prices of the self-operated system, characterized as "following market trends while maintaining relative stability." Earlier that day, sources confirmed with Moutai distributors that Moutai plans to reduce the payment prices for multiple products, including精品茅台 and Moutai 1935. Rongbai Technology announced that it has signed a "Lithium Iron Phosphate Cathode Material Procurement Cooperation Agreement" with Contemporary Amperex Technology Co., Limited (CATL). Starting from the first quarter of 2026 until 2031, the company is expected to supply a total of 3.05 million tons of lithium iron phosphate cathode materials to CATL for the domestic market, with total sales under the agreement exceeding 120 billion yuan. On the evening of January 13, Fuling Precision announced that it plans to introduce CATL as a strategic investor through a private placement of shares to strengthen deep cooperation between the two parties in the new energy industry. This move also aims to build a practical cooperation framework in emerging industrial sectors, achieving deeper resource integration and strategic collaboration. The World Bank released its latest "Global Economic Prospects" report on the 13th, raising its global economic growth forecast for 2026 to 2.6%, which is 0.2 percentage points higher than the prediction made in June 2025. The report noted that despite facing intensified trade tensions and policy uncertainty, the global economy demonstrated resilience over the past year, influenced by factors such as a significant increase in artificial intelligence investment. U.S. President Trump stated in a social media post on the 13th that he had canceled all talks with Iranian officials. Separately, according to U.S. media reports, the U.S. President's national security team was scheduled to hold a meeting at the White House on the 13th to discuss an "updated version" of plans regarding the situation with Iran, but it was unclear whether Trump would attend. Data released by the U.S. Labor Department on the 13th showed that the U.S. Consumer Price Index (CPI) increased by 2.7% year-on-year in December 2025, unchanged from the previous month's increase and higher than the market consensus expectation of 2.6%. Excluding the more volatile food and energy prices, the core CPI rose 2.6% year-on-year in December, also unchanged from the previous month's increase and slightly below the market consensus expectation of 2.7%. Data released by the British Retail Consortium (BRC) on the 13th showed that U.K. retail sales values increased by 1.2% year-on-year in December 2025. This growth rate was lower than the full-year 2025 average of 2.3%. By category, consumers focused more spending on food, leading to a 3.1% year-on-year increase in food consumption in December, while non-food consumption contracted by 0.3% year-on-year. According to an updated schedule on the French National Assembly website on the 13th, the government led by French Prime勒科尔尼 will face votes on two motions of no confidence on the afternoon of the 14th. Both motions are related to the EU-Mercosur free trade agreement. Following media reports suggesting that Japanese Prime Minister Takaichi Sanae has decided to dissolve the House of Representatives and call a snap election on the 23rd, the day the Diet convenes, market concerns about the deterioration of Japan's fiscal health surged sharply. This led to a renewed "twin sell-off" in bonds and the yen on Tuesday, January 13. Separately, a report released by Tokyo Shoko Research on the 13th showed that the number of corporate bankruptcies in Japan hit a new high since 2013 in 2025. On January 13 local time, according to the U.S. Federal Register, the United States has relaxed regulatory restrictions on the export of Nvidia's H200 chips to China. Earnings reports released by JPMorgan Chase on the 13th showed that the bank achieved net revenue of $13.025 billion in the fourth quarter of 2025, down 10% quarter-on-quarter and 7% year-on-year. Performance was impacted by a $2.2 billion provision for credit losses related to the purchase of the Apple co-branded credit card portfolio. JPMorgan Chase CEO Jamie Dimon stated in the earnings report that the U.S. economy remains resilient, but the market appears to be underestimating potential dangers. He said that political interference with the Federal Reserve would lead to higher inflation and interest rates, contrary to President Trump's goal of lowering rates. International precious metal prices surged to new highs before retreating on the 13th. Gold and silver prices hit record highs during the session before pulling back. By the close, gold futures and spot prices fell by 0.31% and 0.24% respectively, after reaching intraday highs of $4,634.58 and $4,644 per ounce. Silver prices broke through $89 per ounce during the session before settling back to around $87 per ounce by the close.
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