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Real-time News
February 12th - Railway passenger traffic has entered its pre-holiday peak. The latest data from China State Railway Group shows that 15.05 million passengers are expected to travel today, with 2,039 additional passenger trains planned. Since the start of the Spring Festival travel rush on February 2nd, the national railway system has seen daily passenger volume exceed 10 million for 10 consecutive days.According to futures market news on February 12th, as of the week ending February 7th, Japans commercial crude oil inventories were 10.077 million kiloliters, an increase of 167,823 kiloliters from the previous weeks 9.9092 million kiloliters. Japans commercial gasoline inventories were 1.6242 million kiloliters, a decrease of 71,508 kiloliters from the previous weeks 1.6957 million kiloliters. Japans commercial aviation fuel inventories were 638,700 kiloliters, a decrease of 89,021 kiloliters from the previous weeks 727,800 kiloliters. Japans commercial kerosene inventories were 1.633 million kiloliters, a decrease of 170,563 kiloliters from the previous weeks 1.8036 million kiloliters. Japans commercial diesel inventories were 1.4555 million kiloliters, a decrease of 79,329 kiloliters from the previous weeks 1.5348 million kiloliters. The refinery operating capacity (BPSD) utilization rate was 89.20%, compared to 87.60% the previous week. The refinerys designed capacity (BPCD) utilization rate was 85.50%, compared to 84.00% the previous week.On February 12th, Wallfacer officially released its sparse-linear attention hybrid architecture SALA, and the text model MiniCPM-SALA based on this architecture, which has only 9B parameters. According to reports, MiniCPM-SALA does not use speed-up algorithms such as speculative sampling. On cloud inference chips, when the sequence length is 256K words, its inference speed is up to 3.5 times that of Qwen3-8B, and it supports inference with a context length of up to one million words on cloud chips and consumer-grade edge GPUs.February 12th – The State Council Information Office held a press conference this morning (February 12th) to introduce the "Spatial Coordination Plan for the Modernized Capital Metropolitan Area (2023-2035)" and answer questions from reporters. A relevant official from Beijing introduced that Beijing Pingyuan New Town is an important node for leveraging regional synergy and forming a tiered functional layout, and is also a crucial link in building a modernized capital metropolitan area. Currently, Beijing Pingyuan New Towns economic output has reached one trillion yuan, its permanent residents account for over 30% of the citys total, and it has already formed several cross-border clusters with the surrounding areas of Beijing, possessing a solid foundation for development. Looking towards 2035, the region will have approximately 500,000 permanent residents, 70 square kilometers of urban and rural construction land, and an incremental space of 200 million square meters of building area. With enormous development potential, it will be an important platform for undertaking the relocation of suitable functions from the central urban area and serving the cross-border commuting needs of the commuting population.On February 12th, Wang Changlin, Vice Chairman of the National Development and Reform Commission, introduced that the Beijing-Tianjin-Hebei region should take adjacent inter-provincial areas as a "breakthrough point," fully leveraging the demonstrative role of cross-border areas such as Tongzhou District of Beijing and the three northern counties of Langfang City, Hebei Province, and the Beijing Daxing International Airport Economic Zone to achieve integrated and high-quality development. It should also establish a "synergistic line" for innovation and industry, promoting the deep integration of the innovation chain and industrial chain, developing new productive forces according to local conditions, and building an advanced manufacturing cluster in the Beijing-Tianjin-Hebei region. Furthermore, it should expand the "coverage" of coordinated development, strengthening the integrated protection and systematic governance of mountains, rivers, forests, fields, lakes, grasslands, and deserts, collaboratively building a resilient spatial pattern, and promoting the co-construction and sharing of public service resources such as education, healthcare, elderly care, and childcare.
