1. How to strengthen manufacturing industry

 

Manufacturing is the foundation of a country. The added value of China's manufacturing industry has ranked first in the world for 12 consecutive years, but its innovation capability is still insufficient. To improve the core competitiveness of manufacturing industry, it is necessary to take the improvement of industrial capabilities as a key task, guarantee the supply of raw materials and key components, and stabilize the industrial and supply chain of leading enterprises.

 

2. Overseas investors buy more yuan bonds

 

As of the end of January this year, a total of 1,021 overseas institutional investors have entered China's inter-bank bond market. Overseas investors buy more yuan bonds as China's economy has taken the lead in recovering, China has ratcheted up efforts to open up its bond market, and China's renminbi assets continue to be attractive with an attractive risk/return profile.

 

3. Improving innovation capabilities of state-owned enterprises

 

Technological innovation is the core of comprehensive innovation. Only by strengthening scientific and technological innovation, especially original innovation, can a complete and stable industrial and supply chain be established and better integrated into the new development pattern. To promote state-owned enterprises to create original technology bases, we must promote state-owned enterprises to improve innovation systems, enhance innovation capabilities, stimulate innovation vitality, and promote the deep integration of industrial chain and innovation chain.

 

 

1. Data from the Ministry of Commerce shows that from January to February this year, China's actual use of foreign capital was RMB 243.7 billion, a year-on-year increase of 37.9%.

 

2. According to the China Association of Automobile Manufacturers, in February this year, China's automobile production and sales reached 1.81 million units and 1.74 million units respectively, down 25.2% and 31.4% month-on-month, and up 20.6% and 18.7% year-on-year.

 

3. As data from the Ministry of Commerce showed, from January to February this year, China’s non-financial outbound direct investment reached RMB 100.26 billion, a year-on-year increase of 0.9%, or USD 15.78 billion, a year-on-year increase of 2.7%.

 

4. From January to February this year, China invested RMB 338.7 billion in fixed assets in transport, up 11.7% year-on-year, in which the investment in highway and waterway was RMB 273.1 billion, a year-on-year increase of 14.8%, according to data from the Ministry of Transport. 

 

5. Data released from the National Bureau of Statistics showed that from January to February this year, the added value of China’s industries above designated scale was increased by 7.5% year-on-year; the total retail sales of consumer goods was RMB 7,442.6 billion, up 6.7% year-on-year; total export-import value was RMB 6204.4 billion, growing 13.3% year-on-year. 

 

6. According to the National Energy Administration, in February this year, the power consumption in China reached 623.5 billion kWh, a year-on-year growth of 16.9%. 

 

7. The total assets of China’s financial institutions reached RMB 381.95 trillion by the end of 2021, a year-on-year increase of 8.1%, according to the preliminary statistics from the People’s Bank of China. 

 

8. According to the State Post Bureau, in February this year the gross revenue of China’s postal industry reached RMB 89.69 billion, a year-on-year increase of 27.3%; the total business volume was RMB 96.27 billion, up 38.6% year-on-year. 

 

9. The Ministry of Commerce recently announced the list of the second batch of national traditional Chinese medicine (TCM) service export bases and the review results of the first batch of TCM service export bases. There are 14 export bases in the second batch, covering Beijing, Tianjin, Hebei and other provinces, autonomous regions and municipalities. The first batch of 17 export bases was established on November 29, 2019. 

 

10. The China Consumers Association recently released a report on consumer evaluation of 100 cities in 2021. The comprehensive score of consumer evaluation of 100 cities was 80.59, upward for four consecutive years. Among them, Suzhou and Hangzhou ranked high in the comprehensive score. 

 

(Information Source: Economic Daily)