1. Foreign investors’ eager embrace of Chinese assets

 

Despite the unfavorable factors such as the resurgence of COVID-19 cases, the net inflow of foreign capital to China in 2021 was RMB 432.2 billion, a historic high annually. The significant increase of investment in the manufacturing industries shows that the high-quality development of China's real economy obtained attention and approval of foreign capital. As the capital market continues to be open to the outside world, foreign capital will continue to actively embrace Chinese assets in 2022 and share China's development achievements and opportunities.

 

2. Increasing financial support in targeted key areas

 

In a situation where economic development is facing the triple pressure of demand contraction, supply shock, and weakening expectations, it is of great significance to guide financial institutions to increase support for the real economy, especially small and micro enterprises, technological innovation, and green development, for promoting economic restructuring. In order to increase financial support in targeted key areas, it is necessary to give more incentives to financial institutions and create a suitable monetary and financial environment.

 

 

1. The "Work Plan to Promote Development of Multi-modal Transport to Optimize and Adjust Transport Structure (2021-2025)" recently issued by the General Office of the State Council proposed that by 2025, China's railway and waterway freight volumes will increase by about 10% and 12% respectively compared with 2020. The combined railway and waterway container freight volume will see an average annual growth of more than 15%.

 

2. The "14th Five-Year Plan for Digital Economy Development" issued by the State Council recently proposed that by 2025, the added value of the core industries of the digital economy should account for 10% of the GDP.

 

3. The "14th Five-Year Plan for Civil Aviation Development" released recently by the Civil Aviation Administration of China proposed that by the end of 2025, China will have over 270 civil airports, which will handle 930 million passenger trips annually.

 

 

1. Data from the Ministry of Commerce shows that in 2021, China's actual use of foreign capital was RMB 1,149.36 billion, a year-on-year increase of 14.9%, and the scale of foreign investment had hit a new record high.

 

2. According to the State Administration of Foreign Exchange, as of the end of December 2021, China’s foreign exchange reserves were expanded to USD 3250.2 billion, up USD 27.8 billion compared with that of a month ago, with an increase of 0.86%.

 

3. In 2021, the average ownership of high-value invention patents reached 7.5 patents per 10,000 people in China on the Chinese mainland, as the data from the National Intellectual Property Administration showed. The review period for high-value invention patents was reduced to 13.3 months, and the average review period for trademark registration remained stable at 4 months. 

 

4. As the data from the China Banking and Insurance Regulatory Commission presented, at the end of November 2021, the domestic assets of China’s banking industry totaled RMB 335.2 trillion, a year-on-year increase of 7.6%; the total assets of the insurance industry were RMB 24.6 trillion, up 12.1% year on year. 

 

5. China’s personal protective equipment market is growing about 15% per year, ranking among the top in the world, according to the data released by the State Administration for Market Regulation. 

 

6. Construction of 142 projects involving a total investment of RMB 37.3 billion started recently in Hainan free trade port. With planned investment of RMB 10.1 billion in 2022, these projects included industrial projects, infrastructure, public service facilities, etc. 

 

7. Bohai Oilfield of CNOOC, China’s largest offshore oilfield, produced 30.132 million tons of crude oil in 2021, making it China’s largest crude oil production base, with crude oil increment accounting for nearly 50% of the national increment. 

 

8. As of the end of 2021, overseas institutions held RMB 4 trillion of Chinese inter-bank bonds, an increase of about 750 billion yuan from the end of 2020, according to data released by the Shanghai headquarters of the People’s Bank of China. 

 

9. Data from the Ministry of Commerce showed that China’s cross-border e-commerce is increased nearly 10 times in 5 years and maintained a double-digit growth in 2021. The market procurement trade grew 5 times in 6 years and the export volume reached a record high in 2021. 

 

10. The Ministry of Transport recently announced the list of key technology projects of China’s transport industry in 2021. There are a total of 288 projects in the list, with RMB 1.961 billion social funds allocated to research and development of transportation technology. 

 

(Information Source: Economic Daily)