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World Bank: The Philippine economy will grow at an average annual rate of 6% from 2024 to 2026. The World Bank released the latest issue of the Philippine Economic Report (hereinafter referred to as the Report) on the 10th, predicting that the Philippine economy will maintain strong growth in the face of multiple challenges, and the average annual growth rate will reach 6% from 2024 to 2026. According to the Report, the Philippines will be one of the fastest growing economies in East Asia and the Pacific. It is estimated that the annual economic growth in 2024 will be 5.9%, slightly lower than the 6% predicted in October, because extreme weather has affected the economic performance in the third quarter. The growth rate is expected to be 6.1% in 2025 and 6% in 2026. (Zhongxin. com)Bank of America Merrill Lynch resumed tracking Gilead Science and rated buy. Bank of America Merrill Lynch resumed tracking Johnson & Johnson with a neutral rating. Bank of America Merrill Lynch resumed tracking Pfizer with a neutral rating.China's key mineral control is "stricter than expected". Regarding China's announcement last week to strengthen export control to the United States, The New York Times commented in a report on December 9 that it is "stricter than expected". The report claims that the most worrying thing is the extensive ban on transshipment. This clause extends export control to companies inside and outside China, and prohibits these companies from buying minerals in China and reselling them to American companies. The Center for Strategic and International Studies (CSIS), an American think tank, points out that the new export control measures include several firsts-the first time that it explicitly targets the United States rather than other countries, and the first time that it directly responds to the restrictions imposed by the United States on its access to advanced technology. (Observer Network)

Shengli Precision: The composite current collector project is still in the stage of R&D, trial production and sample delivery. The project is progressing in an orderly manner. Shengli Precision announced the abnormal fluctuation of stock trading. At present, the company's production and operation are normal. The company's main business is consumer electronics and auto parts business, providing products such as precision structural parts and modules for customers in 3C consumer electronics industry, as well as on-board central control panels and on-board structural parts for new energy vehicle enterprises and traditional vehicle enterprises. In addition, the company's composite current collector project is still in the stage of research and development, trial production and sample delivery, and the project is progressing in an orderly manner.Zero Run announced that there were over 700 stores nationwide. On December 10th, Zero Run announced that there were over 700 stores nationwide, including 231 zero run centers, 346 experience centers and 161 service centers.Social e-commerce has risen in the United States, and TikTok Black Five has snapped up hundreds of millions of dollars. The sales of social e-commerce in the United States have seen strong growth in this shopping season. With the influx of American consumers into the social e-commerce platform represented by TikTok, the market predicts that the number of American social e-commerce buyers will exceed 100 million this year and bring in more than 70 billion US dollars in sales. Emarketer, a research institute, recently estimated that the sales of social e-commerce in the United States will increase by 26% to 71.6 billion dollars in 2024. According to the company, most social e-commerce sales come from low-priced goods, and emerging platforms such as TikTok have become the main force. Since TikTok Shop was launched in the United States last September, it has become the biggest contributor to the sales growth of social e-commerce. According to the data released by TikTok, on the day of this year's "Black Friday" shopping festival, the single-day sales of TikTok stores exceeded 100 million US dollars, three times that of the same period last year. According to the company, the number of shoppers attracted by TikTok stores during Black Friday and Cyber Monday increased by 165% year-on-year. (CBN)

BMO raised the target price of Oracle Bone Inscriptions from $173 to $205.Fosun Tourism is reported to be close to proposing a full takeover proposal to privatize it. It is reported that the privatization transaction of Fosun Tourism may be announced as soon as Tuesday.Bank of America Merrill Lynch resumed tracking Gilead Science and rated buy. Bank of America Merrill Lynch resumed tracking Johnson & Johnson with a neutral rating. Bank of America Merrill Lynch resumed tracking Pfizer with a neutral rating.