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1.Shale gas production in the USA may hit the record in May.

2.Global corporate defaults increase in March due to regional bankpressure.

3.The possibility of the FED raising interest rates by 25 basis points in May is 86.6 percent.

National Bureau of Statistics: From January to March, the national real estate development investment of 2597.4 billion yuan, which decreased by 5.8 percent year-on-year. Among them, residential investment reached 197.67 billion yuan, which decreased by 4.1 percent. From January to March, the sales area of commercial houses reached 299.46 million square meters, which decreased by 1.8 percent, while the residential sales area increased by 1.4 percent. Sales of commercial houses totaled 305.45 billion yuan, up by 4.1 percent, of which residential sales increased by 7.1 percent.

3.National Bureau of Statistics: National industrial capacity utilization rate was 74.3 percent in Q1.
National Bureau of Statistics data show that, in Q1, the national industrial capacity utilization rate reached 74.3 percent, which decreased by 1.5 percent over the same period last year, which decreased by 1.4 percent over the previous quarter. Divided into three major categories, in the first quarter, the mining industry capacity utilization rate fell to 75.2 percent, which decreased by 1.8 percent year-on-year. The manufacturing capacity utilization rate fell to 74.5 percent, which decreased by 1.4 percent. Meanwhile, the electricity, heat, gas and water production and supply industry capacity utilization rate fell to 71.9 percent, which decreased by 1.9 percent.

Fu Linghui, the spokesman for the National Bureau of Statistics (NBS) and director general of the Department of Comprehensive Statistics at the NBS, indicates that the international environment is still complex and severe, there is uncertainty in the growth of external demand, and the domestic market demand constraints still remain insufficient, including the price of industrial products is still falling, meanwhile, the enterprise efficiency is still in depress. We will step up to the implementation of the policy to stabilize growth in the following stages, focus on expanding domestic demand, deepen the supply-side structural reform, vigorously transform and upgrade traditional industries, cultivate and support emerging industries, promote a higher level of dynamic balance between supply and demand, and improve the healthy development of the industry.

2.Global corporate defaults increased in March due to regional bank pressure

According to theFinancial Times, last month, the number of global corporate in default reached its highest level since December 2020, with the collapse of Silicon Valley Bank and Signature Bank as the driving factors in defaults. Moody indicates that there are 15 companies rated by Moodys rating defaulted on their debt in March, up from 12 in February and 6 in January. This resulted in the raise of the number of global defaulted companies to 33 in Q1, reaching the highest level since Q4 of 2020. S&P shows,"The stress experienced by some medium-sizedregional banks in America is a reminder that theturning pointin the interest rate periodcould increaseother potential risks."

4.Egypts president calls on both sides of the Sudan conflict to start talks
Egyptian President Abdel-Fattah al-Sisiaddresses they are communicating with both sides ofSudan conflict to stop the conflict and start negotiations to help Sudan rebuild stabilization.He also indicates that the current Egyptian forces in Sudan are deployed under the relevant agreements signed by the Egyptian and Sudan governments, the purpose of which is to exercise rather than intervene in the conflict. Meanwhile, Egypt is in contact with the Sudanese rapid support forces to ensure the release of some Egyptian soldiers who were captured in Sudan.