1. Chinese market attraction reflected in multinational companies’ performance 

 

Multinational companies made good performance in the Chinese market, thanks to China’s safe, stable and reliable development environment. Striving to foster a market-oriented and law-based international business environment, China provides a strong guarantee for companies from all over the world to invest in China and enhance their willingness to continue investing. An open, inclusive and diversified Chinese market will be more attractive to foreign investment.  

 

2. Time to develop nuclear power

 

Many countries are advancing the development of nuclear power. For China, actively developing nuclear power could boost export and help stabilize economic growth. To realize carbon peaking and neutrality goals as scheduled in a safe way, it is necessary to develop nuclear power.

 

 

1. China’s State Council released a plan for the development of the country’s elderly care services system during the 14th Five-Year Plan period. Centered on coordinated development for high-quality elderly service system, the plan specified overall requirements, major goals and tasks for the five-year period. 

 

2. The Ministry of Finance and other eight departments jointly issued an announcement to add 29 items such as ski equipment, household dishwashers, and tomato juice to the current list of imported retail goods for cross-border e-commerce. The specific list will be implemented from March 1 this year.

 

3. The National Development and Reform Commission and 11 other departments released policies on promoting the steady growth of industrial economy. The policies cover 18 items in five aspects, including fiscal, tax and fee policies and financial credit policies, striving to solve the constraints during the operation of the industrial economy to ensure its operating within a reasonable range throughout the year. 

 

4. The 14th Five-Year Plan for developing cold chain logistics of public agricultural products was released by the National Supply and Marketing Cooperatives. During this period, China will build 600 county-level cold chain logistics centers of agricultural products. 

 

 

1. China's centrally-administered state-owned enterprises (SOEs) saw double-digit revenues and profit growth in the first month of this year. Net profits of central SOEs expanded by 10.2% from a year ago to RMB 142.38 billion in January. The central SOEs raked in RMB 3 trillion in combined revenues in the first month of 2022, an increase of 12.4 % year-on-year. 

 

2. According to the State Administration for Market Regulation, 61,000 new foreign-invested enterprises were newly established in China in 2021, a year-on-year increase of 23.3%.

 

3. The Sino-German auto joint venture FAW-Volkswagen launched Audi new energy vehicle project in Changchun. The project is Audi's first production base dedicated to the production of pure electric vehicles in China, with a total production capacity of 150,000 vehicles per year. It is expected to be completed in December 2024.

 

4. According to the National Railway Group, in January, 412.66 million tons of goods were delivered by the China Railway Corporation, an increase of 4.8 million tons or up 1.2% year-on-year.

 

5. According to the China Association of Automobile Manufactures, in January, China's automobile production and sales reached 2.422 million and 2.531 million respectively, up 1.4% and 0.9% year-on-year, showing a slight increase.

 

6. According to the General Administration of Customs, in 2021, the import and export volume of China's comprehensive bonded zone reached RMB 5.9 trillion, a year-on-year increase of 23.8%, and 2.4 percentage points higher than the 21.4% increase in the national foreign trade import and export volume in the same period.

 

7. According to the China Machinery Industry Federation, the added value of China's machinery industry in 2021 was increased by 10% year-on-year, with the total import and export volume exceeded USD 1 trillion for the first time, hitting a record high.

 

8. In 2021, China's general public budget revenue posted RMB 20.25 trillion, a year-on-year increase of 10.7%; general public budget expenditure reached RMB 24.63 trillion, a year-on-year increase of 0.3%.

 

(Information source: Economic Daily)