Macroeconomics

1. [Government Investment] my country has for the first time clarified the layout and investment direction of government investment funds. The National Development and Reform Commission and three other departments jointly issued the "Working Methods on Strengthening the Layout Planning and Investment Guidance of Government Investment Funds," requiring funds to support major strategies, key areas, and weak links where the market cannot effectively allocate resources, promote the deep integration of technological innovation and industrial innovation, and focus on cultivating emerging pillar industries.  Funds are prohibited from investing in restricted, eliminated, and policy-prohibited industrial sectors.

2. [Automobiles] The Ministry of Commerce reported on the progress of consultations on the EU-China electric vehicle case, stating that the EU will issue a "Guidance Document on Submitting Price Commitment Applications," and confirmed that it will adhere to the principle of non-discrimination, applying the same legal standards to each price commitment application in accordance with relevant WTO rules, and evaluating them in an objective and fair manner. The China Chamber of Commerce for Import and Export of Machinery and Electronic Products issued a statement saying that it will encourage and support the companies involved to fully utilize the results of the consultations and strive to protect their export rights to the EU through price commitment applications.

3. [US Tariffs] On January 12, local time, Trump posted on social media that, effective immediately, any country conducting business with the Islamic Republic of Iran will be subject to a 25% tariff on any business activities with the United States.

Building Materials

1. [Base Paper] Recently, Century Sunshine (Shouguang) Special Paper Co., Ltd.'s fourth decorative base paper production line successfully completed trial production. After the project is put into operation, Century Sunshine's actual annual output of high-grade decorative base paper will exceed 240,000 tons, becoming a decorative base paper production base with large production scale, strong equipment capabilities, and high product quality in the industry.

2. [Wood Pulp] Recently, Wuzhou Special Paper stated during an institutional survey that its Jiangxi base currently has a cultural paper production line and a chemical pulp line with an annual output of 600,000 tons under construction. The cultural paper machine is expected to be put into production by the end of the first quarter of 2026.

3. [Wood Pulp] Recently, Suzano's new fluff pulp production line at its Limeira factory in inland São Paulo has started production. The project, which cost 490 million Brazilian reais, quadrupled the company's total fluff pulp capacity, increasing it from 100,000 tons to 440,000 tons per year.

4. [Wastepaper] On January 12th, the wastepaper purchase price at Nine Dragons Paper in Quanzhou, Fujian was reduced by 30 RMB/ton, bringing the adjusted price to 1,550 RMB/ton.

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