1.Coordinated efforts to reduce pollution and carbon emissions 

 

Coordinated efforts to reduce pollution and carbon emissions have become an inevitable choice for China's overall green transformation in the new stage of development. We need to make a top-level design that integrates planning and deployment, promotion and assessment, and establish a task system that integrates pollution reduction and carbon reduction, with emphasis on source, systemic and comprehensive governance.

 

2.Break down local protectionism in new energy vehicle industry

 

Automobile is an industry known for its scale and brand effect. Local protectionism will hinder technological progress and high-quality development of the industry. To break down local protectionism in the new energy vehicle market, it is necessary not only to hold accountable for violations, but also to strengthen the unification of product standards and speed up the adjustment of the tax system structure of the automobile industry.

 

3.Relentless efforts needed to stabilize prices 

 

Keeping prices stable is related to the vital interests of thousands of households and the overall situation of economic and social development. Unstable prices will seriously disturb market expectations and the entire economic order, and even affect social stability. To keep the economy operating within a reasonable range, we must let stable prices play a supporting role.

 

 

1.Chinese authorities have released an action plan to facilitate the digitalization of the consumer goods. China aims to cultivate a number of new, famous and high-quality products with leading competitiveness and brand influence by 2025.

 

2.The Cyberspace Administration of China recently announced the "Measures on Security Assessment of the Cross-border Transfer of Personal Information", which stipulates that before making cross-border transfer of personal information, internet operators of critical information infrastructure and data processors handling personal information of more than 1 million people shall declare security evaluation to their respective provincial-level cyberspace administrations. 

 

3.The China Banking and Insurance Regulatory Commission and the People's Bank of China jointly issued the "Notice on Further Promoting the Standardized and Healthy Development of Credit Card Business". The notice clarifies that banking institutions shall not use the number of cards issued or customers as the single or main assessment indicators, and banking institutions with a long-term sleep card rate exceeding 20% shall not issue new cards.

 

 

1.In June, China's Manufacturing Purchasing Manager Index (PMI) rose to 50.2%, returning to the expansionary territory after a contraction of three months.

 

2.Data from the State Administration of Foreign Exchange showed that in May, China's international goods and service trade increased by 14% year-on-year to RMB 3.757 trillion, with a surplus in international goods and service trade of RMB 351.4 billion, a new record of the year.

 

3.According to the Ministry of Commerce, China's service trade value grew 22 percent year-on-year to RMB 2.365 trillion in the first five months of 2022.

 

4.China's foreign exchange reserve dropped to $3.0713 trillion by the end of June, down 1.81% of $56.5 billion compared with May, according to the State Administration of Foreign Exchange.

 

5.Data from the State Post Bureau showed that in June the index for China's express delivery development scale stood at 386.5, rising 12.1% month on month; and in the first half of the year, the business revenue of express delivery is expected to be near RMB 500 billion with a volume of more than 50 billion pieces.

 

6.According to the latest data from the China Futures Association, the futures trading volume in June this year stood at 572 million lots, with a turnover of RMB 47.92 trillion, increasing 21.40% and 19.48% respectively on a monthly basis.

 

7.According to China Railway, from January to June this year, the total amount of cargo transported by railway was 1.946 billion tons, up 5.5% of 102 million tons year-on-year.

 

8.Data from the China Federation of Logistics and Purchasing showed that China's logistics industry prosperity index in June this year was 52.1%, increasing 2.8 percentage points from the previous month.

 

9.According to the Ministry of Industry and Information Technology, as of the end of 2021, China's data center racks in use exceeded 5.2 million, and the data center servers in use were about 19 million, with the computational power ranking No. 2 in the world.

 

(Information Source: Economic Daily)