Insight
China Economic Review Mar.29
Last Updated: 2022-03-29 14:30 | CE.cn
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Opinion
 
1.Paving the way for a steady development of real estate market
 
Real estate enterprises should work out plans to prevent and mitigate risks in a timely manner, as proposed in a meeting held recently by the Financial Stability and Development Committee under the State Council. This statement and the related measures to be introduced will play an important role in strengthening expectations of the real estate market and promoting its stable and healthy development.  
 
2.China's high-tech industries favored by foreign capital
 
China's high-tech industries are favored by foreign capital, mainly due to the bright prospect of its economy in the long run. China's economic development enjoys resilience, sufficient potential and large space. It maintains the trend of stable economic recovery as well as transformation and upgrading. The conditions to create new development dynamic and favorable conditions for high-quality development have never changed. 
 
3.To create a stable, transparent and predictable capital market environment
 
To create a good capital market environment, it is necessary to continuously improve financial supervision capabilities. Based on China's actual conditions, we need to shore up weak links, and improve methods of capital, behavior and functional supervision. It is important to ensure that our supervision capabilities are compatible with the level of opening up, so as to provide a stable, transparent and predictable financial supervision environment for the capital market.
 
Policy
 
The National Development and Reform Commission and the National Energy Administration recently released a plan on the development of hydrogen energy. According to this plan, during the 14th Five Year Plan (2021-2025) period, China will put in place a relatively complete hydrogen energy industry development system. Annual hydrogen production from renewable energy is expected to reach 100,000 tonnes to 200,000 tonnes and enable carbon dioxide emission reduction of 1 million to 2 million tonnes per year.
 
Data
 
1.Data from the National Bureau of Statistics shows that from January to February this year, investment in China's high-tech manufacturing industry increased by 42.7% year-on-year, among which, the investment in electronics and communication equipment manufacturing industry has the fastest growth rate, reaching 50.3%.
 
2. According to data from the Ministry of Industry and Information Technology, from January to February this year, China's telecom business revenue totaled RMB 258.6 billion, up 9% year-on-year, and the growth rate increased by 3.2 percentage points year-on-year.
 
3. The recently released "2020-2021 China Digital Publishing Industry Annual Report" shows that the overall revenue of China's digital publishing industry in 2020 reached RMB 1,178.167 billion. Among them, the total revenue of Internet periodicals, e-books, and digital newspapers was RMB 9.403 billion, and the revenue of mobile reading was RMB 244.836 billion.
 
4. According to the Ministry of Finance, from January to February this year, the total  income of Chinese state-owned enterprises was RMB 1,1620.84 billion, a year-on-year increase of 14.0%; the total profit of state-owned enterprises was RMB 611.86 billion, a year-on-year increase of 16.8%.
 
5. News from China Federation of Logistics and Purchasing shows that social logistics rose 7.2% year on year in the first two months of the year to 51.8 trillion yuan.
 
6. The operation monitoring report of China's electronics industry shows that from January to February this year, the output of integrated circuits was 57.3 billion pieces, a year-on-year decrease of 1.2%.
 
7. According to data from the Ministry of Finance, from January to February this year, China's general public budget revenue was RMB 4,620.3 billion, a year-on-year increase of 10.5%.
 
8. According to the National Copyright Administration, in 2021, the total number of copyright registrations nationwide reached 6,264,378, a year-on-year increase of 24.30%. 
 
9. According to the State Administration for Market Regulation, from 2012 to 2021, the number of private enterprises in China increased from 10.857 million to 44.575 million, quadrupling in 10 years, and the proportion of private enterprises in the total number of enterprises increased from 79.4% to 92.1%.
 
10. Anta Sports, China's largest sportswear company, raked in a total of RMB 49.33 billion in revenue in 2021, surging by 38.9% year-on-year, sustaining growth for the eighth consecutive year.
 
 
(Information Source: Economic Daily)

(Editor:Wang Su)

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China Economic Review Mar.29
Source:CE.cn | 2022-03-29 14:30
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