1. Speed up fostering world-class enterprises

 

To accelerate the building of world-class enterprises, it is necessary to promote a better combination of government and markets, protect and stimulate the vitality of enterprises, maintain a market environment for fair competition, and promote more enterprises to be outstanding in the competition.

 

2. Strengthen sci-tech self-reliance, boost development

 

Science and technology are the core competitiveness of a country, and self-reliance and self-improvement lay the foundation of its survival and development. Technological innovation should be attached with more importance, with innovation at the core of China’s overall modernization drive. We should persist in opening up, support the formation of a global scientific and technological innovation community. We should continue to deepen reforms, and remove institutional barriers to innovation-driven development. 

 

Policy 

 

Beijing Major Infrastructure Development Plan during the 14th Five-Year Plan period proposes that by 2025, a two-hour traffic circle for the Beijing-Tianjin-Hebei metropolitan region and a one-hour commuting circle for the Beijing metropolitan area will be initially constructed. At the same time, the proportion of 45-minute commuting trips in central Beijing will reach 60%.

 

 

1. According to the People's Bank of China, by the end of 2021, China’s green loans in renminbi and foreign currencies reached RMB 15.9 trillion, jumping 33% from the previous year, ranking first in the world. In 2021, the issuance of domestic green bonds exceeded RMB 600 billion, posting a year-on-year increase of 180%.

 

2. In 2021, the total profit and tax from the Chinese tobacco industry amounted to RMB 1358.1 billion, up 6.08% year-on-year, and the total fiscal revenue increased by 3.36% to RMB 1244.2 billion, as data from the National Tobacco Administration showed. 

 

3. Data from the General Administration of Customs shows that in the first two months of this year, China's total goods imports and exports rose 13.3% year on year to RMB 6.2 trillion. Exports over the period surged by 13.6% year-on-year to RMB 3.47 trillion, while imports hit RMB 2.73 trillion, growing 12.9%.

 

4. According to the latest data from the State Administration of Foreign Exchange, as of the end of February this year, China's foreign exchange reserves stood at USD 3213.8 billion, and the supply and demand in the domestic foreign exchange market were basically balanced.

 

5. According to the Ministry of Industry and Information Technology, China has built 1.425 million 5G base stations, and it is expected to exceed 2 million this year.

 

6. Data from the National Bureau of Statistics shows that in February this year, China's CPI rose by 0.9% year-on-year, the same increase as the previous month; it rose by 0.6% month-on-month, an increase of 0.2 percentage points from the previous month.

 

7. According to the State Administration of Foreign Exchange, the cross-border financial service platform has been continuously expanding its functions since its launch three years ago. As of the end of February this year, the financing amount has exceeded USD 140 billion, involving about USD 700 billion in foreign exchange payments.

 

8. According to the "China’s Good Life Survey (2021-2022)", in the past three years, the average growth rate of the number of enterprises founded by women in China has reached 21.3%. Among the female respondents over the age of 60, 13% women plan to start a business.

 

9. According to the China Railway Shanghai Bureau, RMB 68.6 billion will be invested this year on 17 projects for the Yangtze River Delta railway construction.

 

(Information Source: Economic Daily)