1. Striving to promote and stabilize employment 

 

In the first half of this year, China created a total of 6.54 million jobs in its urban areas, accounting for 59 percent of the country's annual target. With a slew of measures to stabilize economy being implemented, the surveyed unemployment rate has fallen steadily. In the next step, we should adopt more effective measures, promote and stabilize employment, so as to ensure a stable employment in the whole year.

 

2. Long-term promising A-share market unhampered by foreign investment fluctuation

 

China’s stock market fluctuated recently. Since July, the northbound capital of A-share market reported an outflow of RMB 22.217 billion. Before that, northbound capital reported a net inflow for several consecutive months. Some investors began to be anxious about this. In fact, short-term fluctuation in foreign investment would never change the promising trend of A-share market in the long run. There is a solid foundation for the stable operation of capital market. 

 

3. Improving carbon trading market

 

It has been a year since China set up its carbon trading market. Great progress has been made in terms of institutional systems, technical specifications, infrastructure construction, and so on. It has become a key window showcasing China’s positive response to climate change, not only serving as a policy tool for controlling greenhouse gas emissions, but also setting an example for developing countries on building carbon trading markets.

 

 

Notice on the financial support for culture and tourism industry was released by the People’s Bank of China and the Ministry of Culture and Tourism recently. It proposed to further expand the financing channels for culture and tourism companies, and to support eligible culture and tourism companies to issue bonds.

 

Data  

 

1. According to the Ministry of Transport, in the first half of this year, China's container throughput reached 140 million twenty-foot equivalent units (TEUs), a year-on-year increase of 3%. The container throughput for foreign trade exceeded 85 million TEUs, a year-on-year increase of 6.1%.

 

2. According to the China Federation of Logistics and Purchasing, in the first half of this year, the total amount of social logistics in China reached RMB 159.7 trillion, a year-on-year increase of 3.1%.

 

3. According to the State Administration of Foreign Exchange, in the first half of this year, banks recorded a surplus of USD 85.2 billion in foreign exchange settlement and sales, and a surplus of USD 83.4 billion in foreign-related receipts and payments by banks on behalf of customers. Fundamental surplus such as trade in goods and direct investment remained relatively high.

 

4. According to the Ministry of Commerce, since the beginning of this year, China-EU trade has maintained stable development. In the first half of this year, the bilateral trade volume reached USD 420.6 billion, a year-on-year increase of 8.4%.

 

5. As of the end of June this year, both the number of AEO mutual recognition agreements and the number of mutually recognized countries (regions) in China ranked first in the world. The trade volume of Chinese AEO companies to countries or regions with mutual recognition of AEO accounts for about 60% of their total volume.

 

6. According to the China Banking and Insurance Regulatory Commission, in the first half of this year, China's banking institutions achieved a net profit of RMB 1.43 trillion, a year-on-year increase of 4.8%.

 

7. The "Digital China Development Report (2021)" shows that from 2017 to 2021, China's data output increased from 2.3 zettabytes to 6.6 zettabytes, which accounted for 9.9% of the world’s total in 2021, ranking second globally.

 

8. In the first half of this year, China-Europe freight trains made 7,514 trips and transported 724,000 TEUs of goods. The operation quality and efficiency have improved steadily.

 

9. According to the National Bureau of Statistics, in the first half of this year, China's industrial enterprises above designated size achieved a total profit of RMB 4,270.22 billion, a year-on-year increase of 1%.

 

10. According to the All China Federation of Supply and Marketing Cooperatives, in the first half of this year, the total sales of China's supply and marketing cooperatives hit RMB 2,941.71 billion, a year-on-year increase of 19.1%.

 

(Information Source: Economic Daily)