1.The Regional Comprehensive Economic Partnership agreement (RCEP) will enter into force on January 1, 2022. China attaches great importance to the preparation for its effective implementation. At present, preparations are in place to ensure that the obligations are fully fulfilled when the agreement comes into force.

 

2. The general office of the State Council recently released the Guideline of Encouraging the Involvement of Private Capital in Environmental Protection and Restoration, aiming to  encourage and support the engagement of private capital throughout the process of environmental protection, including investment, design, restoration and management. Private capital can engage in environmental conservation individually and through cooperation with government or public welfare organizations.

 

1.The Ministry of Finance successfully issued 4 billion euro-denominated ($4.58 billion) sovereign bonds in Hong Kong, reaching a 4.3-times oversubscription. Investors from Europe, Africa and the Middle East accounted for nearly 70%.

 

2.In the first three quarters, the energy consumption of added value of industrial units above designated size in China dropped by 5.2%, and the intensity of energy consumption further declined.

 

3.National Bureau of Statistics: Due to comprehensive influence of abnormal weather, contradiction between supply and demand of some commodities and rising costs, CPI rose by 1.5% year-on-year in October, an increase of 0.8 percentage points over the previous month; PPI rose 13.5% year-on-year, an increase of 2.8 percentage points over the previous month.

 

4.The Fourth China International Import Expo concluded on Nov. 10th. US $70.72 billion worth of deals was reached on this year's CIIE. 

 

5.State Administration of Foreign Exchange: By the end of October, China's foreign exchange reserves reached US $3217.6 billion, an increase of US $17 billion or 0.53% over the end of September.

 

6. General Administration of Customs: In the first 10 months of this year, the total value of China's import and export of goods trade was RMB 31.67 trillion, a year-on-year increase of 22.2% and an increase of 23.4% compared with the same period in 2019. The data shows that private enterprises have the fastest growth rate of import and export, and their proportion has been increased.

 

7. The People's Bank of China announced on Nov. 8th that it has created and launched a structural monetary policy tool, a carbon emission reduction support tool, to support the development of key areas such as clean energy, energy conservation and environmental protection, and carbon emission reduction technologies, and to leverage more social funds to promote carbon emission reduction.

 

8. On Nov. 8th, the fifth million-kilowatt generating unit of the Baihetan Hydropower Station, the second largest hydropower station in the world, was officially put into operation for power generation. So far, nearly one-third of the Baihetan Hydropower Station units have been officially put into use. Up till now, the cumulative power generation has exceeded 10 billion kilowatt hours.

 

9. The World Intellectual Property Organization’s recently released "World Intellectual Property Indicators" annual report shows that in 2020, the total number of trademark applications was increased by 13.7%, the total number of patent applications increased by 1.6%, and the total number of industrial products exterior design applications increased by 2%. China ranks first in the world in terms of application volume in the above three areas.

 

 

1. How can cross-border brokers drive without licenses

Overseas markets and cyberspace are not outside the law. The laws and regulations and trading mechanisms of the place where the transaction is located must be followed, and the laws and regulations of China's domestic financial supervision must not be violated.

 

2. Don't worry too much about energy supply this winter

Many measures have shown that China has the resources, conditions, and capability to guarantee heating for the people through the winter.

 

3. The abolition of the Generalized System of Preferences has limited impact on China's exports

The cancellation of the Generalized System of Preferences by the countries concerned indicates that China's economy has achieved a historic rise. However, judging from certain specific indicators, China is still the world's largest developing country. The cancellation of the Generalized System of Preferences will have an adverse impact on the exports of some companies, but the overall impact is relatively limited.

 

(Information Source: Economic Daily)