1.Consolidate the good momentum of profit growth of private enterprises

 

To consolidate the good momentum of profit growth of private enterprises, we should closely track the economic operation, enhance the pertinence and efficiency of macro policies, ensure that various relief measures directly benefit market players, and implement policy dividends to the letter. We should support industry associations and large enterprises to build a supply and demand docking platform for the industrial chain of key industries, and drive upstream and downstream enterprises to tide over difficulties.

 

2. More development opportunities for foreign enterprises in China

 

The European Union Chamber of Commerce in China recently released a survey saying that some foreign-funded enterprises are worried about restrictions on their participation in China's 14th Five-Year Plan. This is a misreading of China's policy. China will accelerate the construction of a new development pattern and welcome more foreign-funded enterprises to join the Chinese market. The participation of foreign-funded enterprises in the Chinese market will not decrease, but will usher in more development opportunities.

 

3. The high-quality development of foreign trade should be sustained

 

Since the fourth quarter of this year, China's foreign trade has continued the momentum of rapid growth, and the trade volume has reached a record high, which has also effectively promoted economic growth. However, due to the superposition of short-term and medium and long-term risks of global economic growth, we can not be blindly optimistic about the future trend of foreign trade. We still need to strengthen our work from multiple levels to promote the high-quality development of foreign trade.

 

 

1.China’s State Council recently released a guideline on promoting the high-quality development of Beijing’s sub-center, which defined the guiding ideology, basic principles and main objectives of supporting the high-quality development of Beijing’s sub-center.

 

2.On November 30, the Ministry of Industry and Information Technology released a development plan on integrating its industrial sector with information technologies during the 14th Five-Year Plan period(2021-2025), a development plan for the software and information technology services sector during the 14th Five-Year Plan period(2021-2025), and a development plan for the big data industry during the 14th Five-Year Plan period (2021-2025). By the end of 2025, the digital penetration rate of enterprise operation and management will reach 80%, the number of industrial apps will exceed 1 million, and the scale of the country’s big data industry will likely exceed RMB 3 trillion.

 

 

1.According to the statistics of the State Administration of Foreign Exchange (SAFE), the Chinese foreign exchange market recorded total transactions of RMB 17.31 trillion (equivalent to USD 2.7 trillion) in October. From January to October 2021, a total of RMB 191.49 trillion (equivalent to USD 29.61 trillion) was traded in the Chinese foreign exchange market.

 

2.According to the statistics of the Ministry of Commerce, from January to October this year, China-ASEAN trade reached USD 703.3 billion, up 30% year-on-year, predicting a record high for the whole year. 

 

3.In October, the profits of Industrial Enterprises above Designated Size increased by 24.6% year-on-year, 8.3 percentage points faster than that of the previous month, rising for two consecutive months; The average growth rate in the two years was 26.4%, accelerating by 13.2 percentage points.

 

4. According to the China Federation of Logistics and Purchasing, from January to October this year, the total logistics volume of the whole country was RMB 261.8 trillion, an increase of 10.5% over the same period last year. In November, the prosperity index of China's logistics industry was 53.6%, up 0.1 percentage points from the previous month.

 

5. According to the General Administration of Customs, in the first 10 months of this year, the total value of goods trade between China and African countries was RMB 1.34 trillion, an increase of 27.4% over the same period last year. Among them,  export to African countries was RMB 782.54 billion, an increase of 24.5%; Imports from African countries reached RMB 558.14 billion, an increase of 31.7%.

 

6.According to the National Energy Administration, China's installed capacity of grid-connected wind power has reached 300.15 million kilowatts, doubling that of 2016, and it has been on world top for 12 consecutive years. 

 

7.According to the Ministry of Education, in 2020, China's total investment in education was RMB 5,303.387 billion, an increase of 5.69% over the previous year. Among them, the national financial education fund was RMB 4,290.815 billion, an increase of 7.15% over the previous year and accounting for 4.22% of GDP.

 

8. According to the China Federation of Logistics and Purchasing and the National Bureau of Statistics, the official purchasing managers index for China's manufacturing sector increased to 50.1% in November, up 0.9% compared with October.

 

9. According to the Ministry of Commerce, China's service trade rose 12.7 percent year-on-year to reach RMB 4.2 trillion in the first 10 months of this year. Of the total, service exports totaled nearly RMB 2 trillion, up 29 percent year-on-year, and service imports stood at RMB 2.2 trillion, up 1.1 percent year-on-year.

 

10.According to INE, from January to November this year, the cumulative trading volume of China's crude oil futures was 37.6951 million lots, with a cumulative turnover of RMB 16,199.259 billion, a year-on-year increase of 1.85% and 53.11% respectively.