1. Maintaining smooth operation of the capital market

 

At present, positive factors that will boost China’s economy are increasing and the effects of the policies aiming at stabilizing the growth have become evident. Positive signs shown from real estate, platform economy and standardization and guidance of the healthy development of capital will be conducive to stabilize expectations from all aspects. With economic fundamentals in recovery, China’s economy maintains good momentum for growth. Industrial capital shows confidence in China’s capital market.

 

2. Continuously improving market competition

 

China made amendment to the Anti-Monopoly Law recently. The revised law further clarified the related rules, and would play an important role in stabilizing the expectation of the market, maintaining fair competition, and building an integrated, open, competitive, and orderly market system.

 

3. Accelerating the upgrading of China’s manufacturing industry

 

The manufacturing industry is the lifeblood of the national economy, laying the foundation for the nation and its reinforced self-reliance. High-end manufacturing functions as an important support for the high-quality economic development. To promote the transformation and upgrading of the manufacturing industry and build a nation strong in manufacturing, we should strengthen the technological research and development and increase the localization rate, so as to keep key technology in our hands and make the country strong in science and technology.

 

 

1. The regulation on the management of vaccine production and circulation released recently by the National Medical Products Administration was implemented from the date of its release. According to the regulation, China would implement strict access system for vaccine production and control the number of the newly opened vaccine manufacturers. The newly opened vaccine manufacturers should abide by relevant policies set by the competent department of the vaccine industry, in addition to meeting the conditions of setting up vaccine enterprises.

 

2. The notice recently issued by China Banking and Insurance Regulatory Commission demanded that banking agencies expand medium and long term loans and credit loans for manufacturing industries, with the focus on high-tech manufacturing industry and emerging industry of strategic importance.

 

3. The National Development and Reform Commission recently released the implementation plan of urbanization during the 14th Five-Year Plan period. According to this plan, the restrictions on household registration would be eased except for certain mega-cites and a registration system of permanent residence would be introduced on a trial basis.

 

 

1. Statistical data released by the People's Bank of China showed that in the first half of this year, China's new yuan loans increased by RMB 13.68 trillion, a year-on-year increase of RMB 919.2 billion.

 

2. According to the Ministry of Water Resources of PRC, in the first half of this year, China launched 22 new major water conservancy projects with an investment of RMB 176.9 billion, making a historical record high.

 

3. According to the data of China Association of Automobile Manufacturers, in June this year, China's automobile production and sales completed 2.499 million units and 2.502 million units, a year-on-year increase of 28.2% and 23.8% respectively.

 

4. According to data from the National Bureau of Statistics, in June, China's Consumer Price Index (CPI) rose by 2.5% year-on-year, an increase of 0.4 percentage points from the previous month. The average CPI from January to June rose 1.7% from a year earlier.

 

5. The China Bulk Merchandise Index (CBMI), a gauge of domestic bulk commodity market growth, stood at 101.5 percent in June, up 0.2 percentage points compared with May, according to the China Federation of Logistics and Purchasing.

 

6. The Cyberspace Administration of China revealed that from 2017 to 2021, China's digital economy has grown from RMB 27 trillion to over RMB 45 trillion, ranking second in the world. The proportion of digital economy in GDP has increased from 33% to 39.8%.

 

7. China's foreign trade of goods jumped 9.4 percent year on year to RMB 19.8 trillion (USD 2.94 trillion) during the first half of the year. Exports rose 13.2 percent year on year to RMB 11.14 trillion, while imports increased 4.8 percent from a year ago to RMB 8.66 trillion, according to the General Administration of Customs (GAC).

 

8. The "China Industrial Blockchain Development Report (2022)" released by the China Federation of Logistics and Purchasing showed that in 2021, the overall market size of the industrial blockchain was RMB 231.79 billion, an increase of 58.35% over 2020.

 

9. According to China National Intellectual Property Administration, in the first half of this year, China authorized 393,000 invention patents, 1.473 million utility model patents, and 383,000 design patents. The number of international patent applications filled in China via the Patent Cooperation Treaty(PCT) hit 33,000.

 

(Information Source: Economic Daily)