1.Creating a more favorable environment for enterprises 

 

Unswerving efforts should be made to create a more favorable business environment and nurture fertile ground for the growth of various companies. Foreign enterprises are optimistic about China because of the strong resilience of its economy and ample potential, wide room for growth.

 

2.Action plan issued to boost enterprise innovation

 

The recently issued Action Plan for Improving Technology-Innovation Capacity of Enterprise (2022-2023) will guide and support various enterprises to take scientific and technological innovation as their core competitiveness, which will play an important role in achieving high-level scientific and technological self-reliance and promoting stable economic growth and high-quality development.

 

3.Safeguarding energy security

 

Energy security is an integral part of the country's overall security. Based on domestic conditions, it is necessary to ensure sufficient supply and stable prices of coal; vigorously promote renewable energy development; give priority to energy conservation, and create a good atmosphere for advocating energy conservation.

 

 

1.Six departments including the Ministry of Science and Technology jointly issued the Guiding Opinions on Accelerating Scenario Innovation and Promoting High-Quality Economic Development with High-level Application of Artificial Intelligence, coordinately promoting artificial intelligence scenario innovation, with focus on major application and industrialization of artificial intelligence.

 

2.The China National Intellectual Property Administration issued a notice to identify 38 cities (urban areas) including Haidian District of Beijing as demonstration cities for the construction of strong national intellectual property cities, and 72 cities (urban areas) including Fengtai District of Beijing as pilot cities for the construction of strong national intellectual property cities. The pilot demonstration period started from July 2022 to June 2025.

 

3.The Ministry of Industry and Information Technology and other four departments jointly issued a guideline, proposing that by 2025, the cruise yacht equipment industry system will be initially completed, domestically made large cruise ships will be built and delivered, the production of medium cruise ships will be accelerated, and small cruise ships will be built in batches.

 

 

1.Data from the Ministry of Commerce showed that from January to July this year, China’s actual use of capital rose 17.3% year-on-year to RMB 798.33 billion.  

 

2.According to the National Bureau of Statistics, in July this year, the added value of industrial enterprises above designated size in China increased by 3.8% year-on-year, and the Index of Service Production increased by 0.6% year-on-year. 

 

3.According to the Ministry of Transport, in July this year, the fixed-asset investment in road and waterway construction reached RMB 259.1 billion, up 7.5% year-on-year. 

 

4.According to the Ministry of Finance, from January to July this year, the revenue in China’s general public budget reached RMB 12.4981 trillion, up 3.2% after the value-added tax credit refund.  

 

5.Statistics from the Shenzhen Customs showed that from January to July this year, Yantian Port handled 8.26 million TEU containers, up 9.6% year-on-year; trade value reached RMB 1147.79 billion, up 21.5% year-on-year. This year, 14 new international routes have been added with the total routes exceeding more than 100, connecting major trade channels in America, Europe and Southeast Asia. 

 

6.Data from the People’s Bank of China showed that by the end of July this year, the country’s broad money supply or M2 increased 12% year-on-year to RMB 257.81 trillion.

 

7.According to the National Bureau of Energy, from January to July this year, national electricity consumption reached 4930.3 billion kWh, up 3.4% year-on-year.

 

8.According to China Banking and Insurance Regulatory Commission, as of the end of June this year, the balance of loan for private enterprises in banks was RMB 58.2 trillion, an increase of 11.4% year-on-year; the number of private enterprises with balance of loan was 83.47 million, with a year-on-year increase of 11.4%.

 

9.China's auto firms exported about 290,000 units of cars in July, up 67% year on year and 16.5% over June, according to the China Association of Automobile Manufacturers.

 

(Information Source Economic Daily)