1. A-share market continues to attract foreign investment

 

Recently, foreign institutions are showing more interest in A-share market, in which new industries such as new energy, new material, biochemistry are of their focus. It is not only for a cautious consideration of investment channel but also reflects their acknowledgement of economic restructuring and upgrading in China.     

 

2. Capacity improvement for safeguarding food security

 

The 2022 World Food Day and China’s National Food Security Publicity Week started online on Oct. 10. In view of the severe and complicated food security situation around the world, to publicize food security and enhance its awareness in China will better deliver the policy orientation and create a favorable public opinion environment to safeguard food security.

 

3. Effective transportation and logistics performance to ensure smooth logistics

 

The meeting held on Sep. 28 to stabilize the economy in the fourth quarter pointed out that smooth logistics should be ensured. Since this year, China has stressed on many occasions the significance of smooth transportation and logistics. Through adopting a series of policy measures to minimize the impact of the epidemic and reduce the logistics costs, the smooth socioeconomic development has been ensured.

 

 

1. According to Circular on Approving Temporary Adjustments of Certain Provisions of Administrative Regulations in Tianjin, Shanghai, Hainan and Chongqing released by the State Council, qualified foreign-invested travel agencies, established in Shanghai or Chongqing, are allowed to conduct outbound travel operations excluding Taiwan.

 

2. The People’s Bank of China decided to lower the interest rates on personal housing provident fund loans for first-time home buyers by 0.15 percentage points, starting from Oct. 1, 2022. The interest rates on 5-year-and-below loans and on 5-year-above loans were adjusted to 2.6% and 3.1%, respectively. For second-home buyers, the interest rates remained unchanged at 3.025% for 5-year-and-below loans and 3.575% for 5-year-above loans.

 

 

1. Data from the Survey Center for Service Industry of the National Bureau of Statistics and the China Federation of Logistics and Purchasing showed that in September, the purchasing manager's index (PMI) of China's manufacturing industry was 50.1%, up 0.7 percentage points over the previous month.

 

2. According to the State Administration of Foreign Exchange, as of the first half of 2022, the capital stock of foreign direct investment in China had reached USD3.6 trillion, an increase of 73% over the end of 2012.

 

3. According to China National Intellectual Property Administration, the Chinese mainland has climbed to 11th place on the Global Innovation Index (GII) 2022 released by the World Intellectual Property Organization (WIPO), up from 34th in 2012. This elevation in rank marks the Chinese mainland's 10th consecutive ascent.

 

4. According to the data of the Ministry of Finance, in the first eight months of this year, the total operating revenue of China's state-owned and state-controlled enterprises was RMB 52351.91 billion, up 9.5% year on year.

 

5. The Export-Import Bank of China reported that by the end of August this year, its green credit balance had exceeded RMB 400 billion, an increase of nearly 20% over the beginning of the year. The balance of manufacturing loans was RMB 1.74 trillion, accounting for about 47% of domestic business.

 

6. The report of China Banking Association shows that by the end of 2021, the total assets of China's financial leasing industry was RMB 3.58 trillion, up 3.69% year on year; the balance of leased assets was RMB 3.33 trillion, up 6.08% year on year.

 

7. According to the Ministry of Water Resources, from January to September this year, China's investment in water conservancy construction was RMB 823.6 billion, up 64.1% year on year.

 

8. China Association of Automobile Manufactures reported that in September this year, both the production and the sales of new energy vehicles in China exceeded 700,000, a record high.

 

9. The Ministry of Commerce reported that from January to August this year, China's total imports and exports of trade in services amounted to RMB 3937.56 billion, up 20.4% year on year. Among them, the imports and exports of knowledge intensive services reached RMB 1643.27 billion, up 11.4%.

 

 

(Information Source: Economic Daily)