Stories from China

China has successfully completed a million-ton green steel production line.

China's southern regions are experiencing widespread rainfall from west to east. The Chinese steel industry is facing a fundamental dilemma, with a shift from traditional blast furnaces to new economic speed furnace processes aiming for emission reduction. Ansteel is modernizing its steel production with automation. China's steel production efficiency surpasses foreign technology. This shift aims to reduce emissions and improve efficiency. One facility in Sichuan, completed in 2024, is a 10,000-ton clean electric arc furnace base. The industry faces challenges in producing specialized steel plates with extreme thickness and uniform internal structure, for major national projects like the Baihetan Hydropower Station and the Jiaolong submersible. The precise timing of cooling during steel solidification is critical for plate stability.

The Shanghai Composite Index is rising, with trading volume reaching 770 billion yuan. Over 32 stocks saw gains exceeding 10%, and 170 stocks rose more than 5%. Domestic chip stocks are a key area of focus for medium-term investment, while other sectors may offer short-term trading opportunities. Several companies saw price increases, with 11 stocks falling by 10% or more and 48 stocks falling by 5% or more. The tech-heavy STAR 50 index has seen gains, opening up over 4% and currently trading up more than 7%. There is a focus on structural opportunities within the market, particularly in sectors with strong performance. International crude oil futures prices fell significantly in early trading on the 5th due to the ongoing US-Iran ceasefire. In April, Shanghai saw 28,742 second-hand homes sold, a 22.3% increase compared to the same period last year.

Analysts suggest that China's AI printing industry, closely tied to global AI giants, is well-positioned to become a highlight in the A-share market. Chinese Communist Party Politburo member and Foreign Minister Wang Yi held talks in Beijing with Iranian Foreign Minister Zarif, who was invited to visit China. Iranian Foreign Minister Mohammad Javad Zarif met with Chinese Foreign Minister Wang Yi in Beijing on May 6th. The two foreign ministers had a phone call last month, during which Wang Yi stated China consistently supports Iran's efforts to safeguard its sovereignty, security, and national dignity. He also expressed support for maintaining a ceasefire and negotiations, which aligns with the fundamental interests of the Iranian people and regional stability.

A new green steel production line with a capacity of one million tons has been completed in China.

Zong Tingting, a woman born in the 1990s from Shanmen, has gained attention for her art created on drink bottles. This revival of a 1400-year-old craft has garnered her 14 million followers. A 90s girl named Zong Tingting from Xiamen is reviving the ancient art of "seven-line embroidery" by creating intricate designs on drink bottles. The report suggests 'Yanyi' products, specifically the 'Yanyi Yanyan' star product, are a good gift option, being ready-to-eat and convenient for mothers. This revival aims to preserve traditional crafts. A young woman named Zhong Tingting from Xiamen has gained attention for reviving an ancient silk embroidery technique. She learned the craft and created a DIY experience kit to promote it. Many viewers expressed pride in this intangible cultural heritage. This craft is recognized as a form of intangible cultural heritage in Fujian province.

The May 1st holiday provided a opportunity for long-distance travel, contributing to a continued increase in railway ticket demand. Over one million mainland tourists entered Hong Kong during the five-day May Day Golden Week holiday. According to statistics from the National Film Administration, the box office for the May Day holiday period this year reached 758 million yuan. Gansu's Jiahe Pass has become a popular destination, leveraging its status as a filming location for classic movies. During the May Day holiday, multiple regions explored new models integrating film and cultural tourism. The figure was reported in Jiayuguan. The film 'Deep as a Coffin' is set to use generative AI to revive the deceased actor Fang Jinmu. The broadcast also mentioned tourism being boosted by the film industry in Hangzhou.

An artist has revived the ancient art of embroidery, dating back over 1400 years, by creating intricate designs on drink coasters. Many viewers expressed pride in discovering this unique intangible cultural heritage from Fujian.

With the earnings season concluding, market attention is shifting towards sectors like domestic chip production. The Shanghai Composite Index rose 2.74% to 411 points, with a market capitalization of 2053 points. Market sentiment is being boosted by the adoption of domestic chips, including Huawei's Xingteng and HaiGuang Information, by AI model manufacturers. The market is equipping itself with domestic chips from companies like Huawei, Hanwu Ji, and Haiguang Information. This sentiment is reinforced by the equipping of various models with domestic components like Huawei's Xing Teng, Han Wu Ji, and Hai Guang Information. The Shanghai Composite Index closed at 6136.237 points with a turnover of 171.5 billion yuan, while the Shenzhen Component Index closed at 15527.420 points.

Lu Xiulian, an ordinary farmer, developed a passion for poetry after reading Bei Dao's work over thirty years ago and has continued to pursue literature and calligraphy. He also practices calligraphy, finding that using a computer has broadened his writing perspective and output. Lu Xiulian's primary challenge is a lack of time, often falling asleep immediately after physical exhaustion from farm work. He recently gained attention for creating a 'line drawing' on a beverage bottle, titled 'Era Copper Dragon', which revived a 1400-year-old handicraft and garnered nearly 20 million views. He credits the internet with broadening his horizons and improving his writing. Lu Xiulian also crafts intricate designs using a traditional seven-line embroidery technique on plastic plates, a skill with over 1400 years of history.