1.Making better use of special bonds to expand effective investment

 

With mounting downward pressure on China's economy at present, the production and operation of enterprises are greatly affected. More efforts need to be made on stabilizing investment and growth. We should promote the issuance and use of special bonds, expand effective investment and drive consumption, so as to expand domestic demand, boost employment and stabilize growth.

 

2.Broadening financing channels for private enterprises

 

Institutional and policy support is indispensable to the development of private enterprises. A clear and definite industrial development policy should be formulated to provide a stable expectation for the private sector. Meanwhile it is necessary to further improve the diversified financing model that meets the development needs of private enterprises, and facilitate their financing.  

 

 

1.A scientific and technological innovation plan in the energy sector during the 14th Five-Year Plan period was released by the National Energy Administration and the Ministry of Science and Technology recently. The plan focuses on advanced renewable energy, new power systems, safe and efficient nuclear energy, green and efficient fossil energy development and utilization, and energy digitization, etc, developing a road map for technological breakthrough. 

 

2.The Ministry of Agriculture and Rural Affairs announced that China will build about 500 high-quality international development bases for agriculture during the 14th Five-Year Plan period, promoting the export of agricultural products such as fruits, vegetables, tea and fish.

 

3.Guidelines on the high-quality development of the petrochemical and chemical industry during the 14th Five-Year Plan period were issued by six ministries including the Ministry of Industry and Information Technology and the National Development and Reform Commission. The guidelines propose that by 2025, R&D investment of enterprises above designated size should account for more than 1.5% of the main business income and the output value of the chemical park should account for more than 70% of the total output value of the industry.

 

 

1. Data from the China Futures Association shows that in March this year, the trading volume of China's futures market was 663 million lots, with a turnover of RMB 56.92 trillion, up 55.40% and 62.44% respectively from the previous month.

 

2. Data from the Ministry of Commerce shows that China's trade in services soared 33.5% year-on-year to reach RMB 953.48 billion in the first two months of this year.

 

3. In 2021, China's total marine economy exceeded RMB 9 trillion for the first time, reaching RMB 9,038.5 billion, an increase of 8.3% over the previous year, and its contribution rate to national economic growth was 8.0%.

 

4.According to data from the Ministry of Culture and Tourism, a total of 75.419 million domestic trips were made in the three-day Qingming holiday, a year-on-year decrease of 26.2%; domestic tourism revenue was RMB 18.78 billion, a year-on-year decrease of 30.9%.

 

5. In the first quarter of this year, China's railway cargo delivery volume reached 948 million tons, a year-on-year increase of 2.8%.

 

6. As of April 3 this year, the China-Laos Railway had delivered a total of 2.254 million passengers and 1.31 million tons of goods. The goods shipped by China-Laos Railway have covered more than 10 countries and regions including Thailand, Myanmar, Laos, Malaysia, Cambodia and Singapore.

 

7.In the first quarter of this year, a total of 98 China-Vietnam trains were launched, and 2,940 TEUs were shipped, respectively, up 27.3% and 34.1% year on year. At present, the goods carried by China-Vietnam trains have covered more than 200 categories, including Chinese herbal medicines, fruits, machinery and equipment.

 

8. According to the China Development Bank, in the first quarter of this year, the Development Bank issued RMB 109 billion in loans to the energy sector, focusing on supporting the development of clean energy such as nuclear power, wind power, and photovoltaic power generation.

 

9. China's logistics industry prosperity index released by China Federation of Logistics and Purchasing in March was 48.7%, down 2.5 percentage points from the previous month.

 

(Information Source: Economic Daily)