1. The liberalization of the proportion of foreign shares in passenger car companies shows confidence 

 

The National Development and Reform Commission and the Ministry of Commerce recently released the 2021 version of the negative list of foreign capital access nationwide and in pilot free trade zones, which has abolished the restrictions on the proportion of foreign shares in passenger car manufacturing and the number of foreign-funded enterprises. It took effect on January 1, 2022. 

 

The liberalization of the proportion of foreign shares will undoubtedly attract multinational car companies to increase investment and cooperation in China and introduce more competitive products, technologies and services. It will also promote the enrichment and development of China's automobile industry chain.

 

2. Launching its own brand of ice and snow sports

 

Recently, the State Administration for Market Supervision and the State Standardization Administration approved and issued 16 recommended national standards for ice and snow sporting goods, filling the gap in the standards of ice and snow sporting goods in China. This will help standardize and promote the independent development of China's ice and snow sporting goods industry, further cultivate and publicize national brands, and improve the international competitiveness of domestic ice and snow sporting goods.

 

3. Promoting roof photovoltaic development in a rational manner

 

With the promotion of carbon peak and carbon neutralization, the investment in photovoltaic industry is heating up, and some enterprises have signed cooperation agreements with many counties and cities to promote roof photovoltaic development in the whole county. Photovoltaic development should give full play to the decisive role of the market in resource allocation, fully stimulate the enthusiasm of the government, enterprises and users, actively explore various feasible development modes, and avoid irrational launching.

 

1. The Ministry of Industry and Information Technology and other departments have jointly issued the "14th Five-Year Plan" for the development of three major equipment industries, namely medical equipment, robot and intelligent manufacturing.

 

The plan proposes to strive to advance the medical equipment industry foundation and modernize the industrial chain significantly by 2025. During the "14th Five-Year Plan" period, the average annual growth rate of the operating revenue of the robot industry will exceed 20%. By 2025, 70% of manufacturing enterprises above designated size will basically realize digitization and access to internet.

 

2. The State Post Bureau, the National Development and Reform Commission and the Ministry of Transport recently jointly issued the "14th Five-Year Plan" for the development of postal industry. It is estimated that by 2025, the annual business income of China's postal industry will exceed RMB 1.8 trillion, and the average daily service users of the postal industry will exceed 900 million.

 

2.Recently, the People's Bank of China, the National Development and Reform Commission and other departments cooperated with Sichuan and Chongqing governments issued the plan for Chengdu and Chongqing to jointly build a western financial center, which proposed that by 2025 it will initially reach the goal of building a western financial center.

 

1. The profits of national industrial enterprises above designated size were increased 38.0% year on year to a total of RMB 7975.01billion in the first 11 months of 2021, up 41.3% compared with that from January to November 2019, and the average rise over the two years was 18.9%.

 

2. According to the State Administration of Foreign Exchange, the surplus in foreign exchange settlements and sales in November 2021 reached USD 25.2 billion, and the cumulative surplus in foreign exchange settlements and sales from January to November 2021 reached USD 221.6 billion. 

 

3. The data from the National Energy Administration showed that China’s new energy generation capacity reached 1035.57 billion kWh from January to November 2021, passing the 1 trillion kWh mark for the first time, with a year on year increase of 32.97%.

 

4. China has advanced its 5G network construction and application. By November 2021, 1.396 million 5G base stations have been built, with 497 million 5G terminal users, and more than 1,800 “5G Plus Industrial Internet” projects under construction. 

 

5. 43,370 foreign-invested enterprises have been established nationwide from January to November 2021, a year-on-year increase of 29.3%. In terms of investment source, newly established Japanese-funded, Korean-funded, US-funded, and European-funded enterprises have been increased by 32.1%, 31.6%, 30.2% and 28.9% respectively; from the perspective of the industries involved, there have been a rise of 24.1% and that of 30.1% with regard to the newly established foreign-invested enterprises on manufacturing and service respectively. 

 

6. According to the China Federation of Logistics and Purchasing, the total amount of social logistics in China reached RMB 288.8 trillion from January to November 2021, with a year-on-year increase of 9.7%, and an average annual growth rate of 6.3% over the two years. 

 

7. The data released by the Ministry of Commerce showed that China’s foreign trade was expected to reach USD 6 trillion in 2021, an increase expected to be USD 1.3 trillion compared with 2020. 

 

8. The data from the State Administration of Foreign Exchange showed that in November 2021 China’s international trade in goods and services in terms of balance of payments received USD 341.8 billion and spent USD 296.8 billion, with a surplus of USD 45 billion.  

 

(Information Source: Economic Daily)