1. How to boost the vitality of private investment

 

To drive the private investment, it is vital to play the roles of major projects and government investment as traction and leverage, and to enhance the financial support. We could apply marketing and reform measures to stimulate private investment, and meanwhile it is also important to create a good business environment. By boosting market confidence, we need to enable the private investment return to a stable growth as soon as possible.

 

2. To consolidate the foundation for the recovery of industrial economy

 

Data from National Bureau of Statistics showed a growth of China’s industrial economy in May, recovering from decline. However, with the foundation for the recovery still unsolidified at present, it is necessary to open up the blocking points in industrial chains and supply chains, and to accelerate consolidating the foundation for the recovery, so as to boost the economic momentum and stabilize the economy. 

 

 

1. The State Council issued measures to enhance the building of a digital government, conforming to the digital transformation of economy and society, so as to release the bonus of digital development and construct the digital government in a comprehensive way. 

 

2. The Cyberspace Administration of China released the regulation on the management of user account information, which will come into force on August 1. According to this regulation, for any individual internet user, the occupational information contained in account registration and usage need to be in consistent with the real occupation of the user.

 

3. The plan to improve the industrial energy efficiency was jointly issued by the Ministry of Industry and Information Technology, the National Development and Reform Commission and other four departments. The plan proposes that by 2025, the overall energy efficiency of key industrial sectors will be enhanced, and for industrial enterprises above designated size, the energy consumption per unit of added value will be reduced by 13.5% compared that of 2020.

 

 

1. According to the National Bureau of Statistics, from January to May this year, China's industrial enterprises above designated size achieved a total profit of RMB 3,441 billion, a year-on-year increase of 1%.

 

2. According to the China Council for the Promotion of International Trade(CCPIT), in the first five months of this year, the total amount of RCEP certificate of origin visas issued by the CCPIT system reached USD 2.082 billion, and there were more than 10,000 certificate companies.

 

3. According to the Ministry of Transport of the People’s Republic of China, from January to May this year, China's highway construction investment reached RMB 934.9 billion, a year-on-year increase of 7.6%.

 

4. China's total economic volume increased from RMB 53.9 trillion in 2012 to RMB 114.4 trillion in 2021, and its proportion in the world economy increased from 11.3% to more than 18%. The per capita GDP increased from USD 6,300 to more than USD 12,000.

 

5. According to the Ministry of Finance of the People’s Republic of China, from January to May this year, the total operating income of Chinese state-owned enterprises increased by 9.2% year-on-year.

 

6. According to the China Federation of Logistics and Purchasing, from January to May this year, the total social logistics in China was RMB 128.8 trillion, a year-on-year increase of 3.0%.

 

7. According to the report of the National Academy of Innovation Strategy, as of the end of 2020, China's total scientific and technological human resources were 112.341 million, continuing to rank first in the world.

 

8. According to the Ministry of Industry and Information Technology, in the first five months of this year, China's telecom business revenue totaled RMB 665 billion, a year-on-year increase of 8.5%.

 

9. The "China Renewable Energy Development Report 2021" issued by China Renewable Energy Engineering Institute shows that the total utilization of renewable energy in China reached 750 million tons of standard coal in 2021, accounting for 14.2% of the total primary energy consumption, reducing carbon dioxide emissions by about 1.95 billion tons.

 

10. According to the State Administration for Market Regulation, as of the end of May this year, there were 159 million registered market entities in China, an increase of 3.6% over the end of 2021.