1. Commodity prices do not have the basis for a sharp rise

 

At present, as the overall supply and demand of China's commodity and service market is balanced, commodity prices do not have the basis for a sharp rise, and there is little possibility of overall inflation risk. China's overall coordination of epidemic prevention and control and economic and social development, sustained and stable economic recovery, strong resilience, great potential and sufficient motivation for development, and stable and effective macro policies will provide a solid guarantee for the stability of commodity prices.

 

2. The two-way opening of the capital market will not change

 

China's basic national policy of promoting reform and opening up is unswerving, and the door of two-way opening of the capital market will be further opened, which will better support enterprises to develop in accordance with laws and regulations by making use of markets and resources at home and abroad, and also provide more opportunities for investors from all countries to widely participate in the Chinese market.

 

3. Promote the healthy development of the real estate industry in a virtuous circle 

 

In order to realize a virtuous circle and healthy development of the real estate industry, we should strive to control the liquidity risk of real estate enterprises and avoid the transmission of local risks to the whole system. At the same time, all parts concerning “financing, land acquisition, sales, loan and payment collection" need to be unblocked.

 

1. The China Banking and Insurance Regulatory Commission recently issued the regulations on the administration of insurance asset management companies (draft), which proposed no ceiling on the proportion of shares held by foreign insurance companies in insurance asset management companies.

 

2. The State Council Office recently released the "14th Five-Year Plan" for the development of cold chain logistics, proposing that by 2025, a cold chain logistics network linking production and consumer markets, covering urban and rural areas and connecting domestic and international markets will be initially formed.

 

 

1. According to the data of the National Bureau of Statistics, in November this year, the added value of industries above designated size is increased by 3.8% year-on-year, with an average increase of 5.4% in two years; the total retail sales of consumer goods reached RMB 4104.3 billion, a year-on-year increase of 3.9% and an average increase of 4.4% in the two years; the total import and export of goods was RMB 3716.4 billion, a year-on-year increase of 20.5%.

 

2. According to China’s State Post Bureau, from January to November this year, the business income of the postal industry (excluding the direct business income of the postal savings bank) totaled RMB 1163 billion, a year-on-year increase of 17.1%; the total business volume reached RMB 1241 billion, a year-on-year increase of 26.7%.

 

3. According to the General Administration of Customs, in the first 11 months of this year, the total import and export value of China's trade in goods was RMB 35.39 trillion, a year-on-year increase of 22%, which has exceeded the total value of last year.

 

4. According to the data of the State Administration of Foreign Exchange, as of the end of November this year, the scale of China's foreign exchange reserves was USD 3222.4 billion, an increase of USD 4.8 billion or 0.15% over the end of October.

 

5. According to the National Energy Administration, up to now, China's grid connected installed capacity of wind power has reached 300.15 million KW, double that at the end of 2016, ranking first in the world for 12 consecutive years.

 

6. According to the People's Bank of China, China's yuan-denominated loans increased by RMB 1.27 trillion in November this year. By the end of November, China's domestic and foreign currency loan balance was RMB 197.61 trillion, a year-on-year increase of 11.4%, and the yuan-denominated loan balance was RMB 191.56 trillion, a year-on-year increase of 11.7%.

 

7. November 11 this year marks the 20th anniversary of China's formal accession to the World Trade Organization (WTO). In the 20 years since China's accession to the WTO, China's total tariff level has been decreased from 15.3% to 7.4%, which is far lower than that of most developing countries.

 

8. According to China Association of Automobile Manufacturers (CAAM) , in November, the production and sales of new energy vehicles (NEVs) hit a new record with 457,000 and 450,000 units respectively, an increase of 1.3 times and 1.2 times year-on-year. It is estimated that China's auto sales will exceed 26 million units in 2021.

 

9. According to the Ministry of Commerce, the FDI in actual use surged by 15.9 percent year-on-year to more than RMB 1.04 trillion during the first 11 months of this year. The actual use of FDI in China's services sector and high-tech industry grew 17% and 19.3% respectively.

 

10. In the first 11 months of this year, Chinese enterprises inked service outsourcing contracts worth about RMB 1560.4 billion with the execution amount registering RMB 1101.6 billion, up 20.2% and 19.4% year-on-year respectively.

 

(Information Source: Economic Daily)