Promote healthy and sustainable development of platform economy

 

Platform economy plays an important role in China's economic development. In view of the current situation, it is vital to make up for shortcomings, fortify weak links and create an orderly market environment that encourages innovation and fair competition, so as to upgrade the platform economy to a new level.

 

 

1. A new plan to boost bioeconomy during the 14th Five-Year Plan period was released by the National Development and Reform Commission recently. According to this plan, the first top-level planning in bioeconomic sector, by 2025 the total scale of China's bioeconomy will reach a new height.

 

2. A circular on pilot projects for the integration of domestic and foreign trade was issued by the Ministry of Commerce and 13 other government departments recently. According to this circular, China will cultivate a group of companies specializing in integrating domestic and foreign trade, build a number of platforms to support this sector and establish an institutional mechanism facilitating the integration of domestic and foreign trade. 

 

 

1. The data from the General Administration of Customs showed that in the first four months of this year, China's total imports and exports of goods reached RMB 12.58 trillion, a year-on-year increase of 7.9%.

 

2. According to data from the Ministry of Commerce, in the first quarter of this year, China's imports and exports of services totaled RMB 1,456.99 billion, up 25.8% year-on-year.

 

3. The prosperity index of China's logistics industry in April this year was 43.8%, down 4.9 percentage points from the previous month, according to the China Federation of Logistics and Purchasing.

 

4. Data from the National Bureau of Statistics showed that in the first quarter of this year, Chinese cultural and related industrial enterprises above designated size achieved a gross income of RMB 2,697.3 billion, an increase of 5% over the same period of the previous year.

 

5. According to data from the State Administration of Foreign Exchange, in March this year, China's international trade in goods and services in terms of balance of payments reached RMB 3,871.1 billion, a year-on-year increase of 15% and a surplus of RMB 288 billion.

 

6. According to the China Development Bank, in the first quarter of this year, it issued a total of RMB 197.3 billion in green loans to continue its support for key projects such as clean energy and green urban and rural development.

 

7. According to the "Research Report on China's Business Environment 2021", over 50% of foreign-funded enterprises regard China as the world's primary investment destination. 28% said that factors like the global economic contraction, the resurgence of trade protectionism and the pandemic are affecting additional investment in China.

 

8. The report issued by the China Association for Public Companies showed that in 2021, the total operating revenue and net profit of Chinese listed companies increased by 19.81% and 19.56% year-on-year, respectively.

 

9. According to the latest statistics from the China Association for Public Companies, there were 524 newly listed companies in the market in 2021, with a total of 4,682 companies, and total market value of RMB 96.53 trillion, ranking second in the world.

 

10. Data released by the State Post Bureau showed that in the first quarter of this year, the total business volume and gross income of China's postal industry reached RMB 335.43 billion and RMB 326.88 billion respectively, up 10.7% and 10.0% year-on-year respectively.

 

11. According to the China Federation of Logistics and Purchasing, in April this year, the global manufacturing purchasing managers index was 53.2%, a decrease of 0.9 percentage points from the previous month and a month-on-month decrease for two consecutive months.

 

12. According to the National Energy Administration, in the first quarter of this year, China's production of raw coal, crude oil, natural gas, and electricity increased by 10.3%, 4.4%, 6.6%, and 3.1% year-on-year, respectively.

 

(Information source: Economic Daily)