1. China's bid to join DEPA aims win-win cooperation

 

China will carry out substantive negotiations with the members of the Digital Economy Partnership Agreement (DEPA) and continue to advance its accession process. This fully reflects China's willingness to follow the high-standard international digital rules, promote international cooperation in the digital economy, and expand opening-up of digital trade.

 

2. Leveraging financial tools to consolidate economic growth

 

China has recently deployed a package of follow-up policies to shape greater synergy among the policies already in place. Policymakers should make good use of the “tools available in the toolbox” to maintain the appropriate policy scale and tilt more financial support for major projects. It will help to expand effective investment, drive micro-employment, promote social consumption and consolidate the foundation of economic recovery and development.

 

3. Chinese market an opportunity for world development

 

On August 31, the 2022 China International Fair for Trade in Services(CIFTIS) opened in Beijing. At a time when the impact of the epidemic on global service trade is still ongoing, this session of CIFTIS was held successfully, which fully demonstrated China's willingness and determination to adhere to high-level opening up to promote the development of the global service industry and trade.

 

 

1. The Ministry of Ecology and Environment recently issued the 14th Five-Year Environmental Health Work Plan, setting key tasks such as strengthening environmental health risk monitoring and assessment, and vigorously improving residents' environmental health literacy.

 

2. China Securities Regulatory Commission, Ministry of Finance of the People's Republic of China and Public Company Accounting Oversight Board of the U.S. signed an audit oversight cooperation agreement on August 26, 2022 and will advance this cooperation in the near future.

 

 

1. According to National Bureau of Statistics and China Federation of Logistics and Purchasing, China’s Purchasing Managers’ Index came in at 49.4 percent in August, up 0.4 percentage points over the last month.

 

2. Data from the National Bureau of Statistics showed that China invested RMB 2.8 trillion in R&D in 2021, rising 14.6 percent over that of 2020. The growth rate is up 4.4 percentage points year-on-year, maintaining a double-digit growth for six consecutive years. 

 

3. Data from the National Bureau of Statistics showed that for the first seven months this year, the revenue of industrial enterprises above designated size grew by 8.8% year-on-year at a relatively fast rate. 

 

4. According to the State Administration of Foreign Exchange, in July this year, the total value of import and export of goods and service reached RMB 3915.1 billion , an increase of 11% year-on-year.

 

5. According to the National Bureau of Statistics, the profit of China’s equipment manufacturing industry rose 6.8% year-on-year. The growth rate accelerated 2.7 percentage points compared with that of July, maintaining an increase for three consecutive years.

 

6. From January to July this year, China’s actual use of foreign capital in high-tech industry surged 32.1% year-on-year, with the growth rate 14.8 percentage points higher than that of the actual use of foreign capital in all industries.

 

7. In the first half of 2022, Huawei’ revenue reached RMB 301.6 billion, with a net profit margin of 5.0%.

 

8. According to the Ministry of Ecology and Environment, the operating income of China’s environmental protection industry reached RMB 2.18 trillion, an increase of 11.8% year-on-year.

 

9. According to the National Development Bank, its infrastructure investment funds worth RMB 210 billion supports five key areas including network infrastructure, etc, and 422 projects such as major scientific and technological innovation, and vocational education.

 

 

(Information Source: Economic Daily)