1. RMB bonds attractive to investors

 

The bond market has been playing an important role in China’s financial market in terms of attracting foreign capital. As China’s economy has kept a good momentum of stable growth for a long time, with quick recovery of domestic demand, sound investment potential, and improving consumption, international investors are confident about China’s economy and the development of the financial market. More foreign capital will flow into the Chinese bond market in the future. 

 

2. Effective investment expansion highlighted

 

At present, China’s economy is facing the triple pressure of demand contraction, supply shocks, and weakening expectations, and stable growth should be highlighted. Effective investment expansion would be instrumental in dealing with the downward pressure, ensuring the stable economic development in the first quarter, the first half year and even the whole year. 

 

3. Digital economy as new momentum for development 

 

Digital economy has become a pivotal area for countries to seize new opportunities for development in the international competition. During the 14th Five-Year Plan, China’s digital economy is entering into a new phase of deepening application, regulated development and inclusive sharing. Confronting new challenges and situations in this era, the digital economy is expected to cultivate new momentum for development and to improve economic quality and efficiency.

 

 

1. The State Council recently released a plan outlining major targets for transportation network development in the 14th Five-Year period. According to this plan, the main goal is to achieve integrated development by 2025, with tangible breakthroughs in the intelligent and green transformation of the transportation system. The transportation network will also be improved in its comprehensive capabilities, service quality, operational efficiency and overall benefits, with world-class target level.

 

2. The General Office of the State Council recently unveiled measures to advance the integrated development of domestic and foreign trade. The measures aimed to enhance integrated development, bolster home market, with domestic and international circulations progressing smoothly.

 

3. The General Office of the State Council recently issued the development plan for the tourism sector during the 14th Five-Year Plan period. By 2025, China will build a number of world-class tourist attractions and resorts, and state-level cities and blocks serving tourism and leisure. 

 

 

1. According to data from the People's Bank of China, China's financial system operated smoothly in 2021, with new yuan-denominated loans of RMB 19.95 trillion, an increase of RMB 315 billion year-on-year.

 

2. Data from the National Bureau of Statistics shows that in 2021, China's gross domestic product (GDP) was RMB 114.367 trillion, an increase of 8.1% over the previous year at constant prices and an average growth of 5.1% over the two years.

 

3. Data from the Ministry of Industry and Information Technology shows that in 2021, China's shipbuilding completions, new orders, and hand-held orders increased in an all-round way, accounting for 47.2%, 53.8% and 47.6% of the world's total respectively.

 

4. According to data from the General Administration of Customs, in terms of US dollars, China's import and export of goods exceeded USD 6 trillion for the first time in 2021, a record high.

 

5. According to data from the State-owned Assets Supervision and Administration Commission of the State Council, in 2021, central state-owned enterprises achieved an annual operating income of RMB 36.3 trillion, a year-on-year increase of 19.5%; total profits was RMB 2.4 trillion, a year-on-year increase of 30.3%.

 

6. According to data from the Ministry of Industry and Information Technology, in 2021, China's automobile production and sales reached 26.082 million and 26.275 million, up 3.4% and 3.8% year-on-year respectively; the sales of new energy vehicles reached 3.521 million, a year-on-year increase of 1.6 times, ranking first globally for seven consecutive years. 

 

7. According to the National Bureau of Statistics, China's CPI in 2021 was increased by 0.9% over the previous year, which was lower than the expected target of around 3% for the whole year; PPI was increased by 8.1% over the previous year.

 

8. According to the Ministry of Commerce, China's foreign investment and cooperation developed steadily in 2021. The foreign direct investment of the whole industry was RMB 936.69 billion, a year-on-year increase of 2.2%.

 

9. According to the National Development and Reform Commission, in 2021, a total of 335 Chinese-funded enterprises in China issued 592 medium and long-term bonds overseas, with a total amount of USD 195.85 billion.

 

(Information Source: Economic Daily)