1. The fundamentals of China’s economic growth will not change

 

From 2013 to 2021, China's average contribution rate to world economic growth reached 38.6 percent, more than the combined contribution of the G7 countries, and China is the number one driver of global economic growth. China’s economy is resilient, of huge potential, with broad room for management The fundamentals of China’s economic growth will not change. China will provide strong momentum for the world economy to recover, and provide broader market opportunities for all countries.

 

2. The scale advantage of China's manufacturing industry has been consolidated

 

Relying on the advantages of China's super large market and the world's largest middle-income group, the scale advantage of China's manufacturing industry has been consolidated. The value added of the manufacturing industry has increased from RMB 16.98 trillion in 2012 to RMB 31.4 trillion in 2021, and its share globally has increased from 22.5% to nearly 30%, maintaining its position as the world's top manufacturing country for 12 consecutive years.

 

3. The scale of foreign exchange reserves has remained basically stable

 

Over the past 10 years, China's balance of payments has gradually tended towards a basic balance amidst fluctuations, and foreign exchange reserves left the stage of rapid growth, with their size declining for a period of time. However, on the whole, the scale of foreign exchange reserves has remained generally stable in recent years and has been able to meet the needs of the country's economic and financial development.

 

 

1. Over the past 10 years, China has adhered to the priority development of agriculture and rural areas, increased support for grain production, implemented a minimum purchase price policy for rice and wheat, introduced subsidies for corn and soybean producers, and launched a series of measures for food security.

 

2. Over the past 10 years, China has formulated a series of policies and measures on the construction of advanced manufacturing clusters, industrial technology innovation and industrial base re-engineering, and has formed a manufacturing policy system that is horizontally linked, vertically coherent and collaborative among all parties, continuously optimizing the environment for manufacturing development.

 

 

1. Data from the State Administration for Market Regulation showed that by the end of August this year, 163 million market entities were registered in China, compared with 55 million at the end of 2012, with a net increase of more than 100 million, and an average annual increase of 12%.

 

2. According to the National Bureau of Statistics, in September the national consumer price index (CPI) rose 2.8% on a year-on-year basis, an increase of 0.3 percentage points over the previous month, up 0.3% monthly, compared with a month-on-month decline of 0.1% in the previous month.

 

3. Since the opening of the China-Laos Railway till October 1 this year, a total volume of 1.419 million tons of imported and exported goods have been supervised by Kunming Customs, with a total value of RMB 11.11 billion

 

4. According to National Energy Administration, from January to September, the total electricity consumption was 6439.1 billion KWH, with a year-on-year increase of 4.0%. The electricity consumption of September was 709.2 billion KWH, up 0.9% year on year.

 

5. Since this year, state-owned enterprises have taken multiple measures to promote the employment of college graduates and have achieved remarkable results in recruiting college graduates this year. By the end of August, more than 760,000 college graduates had been employed by state-owned enterprises, rising 23.4% year on year.

 

6. From January to September this year, the volume of cargo transport by national railway remained high, with a total of 2.921 billion tons of goods, rising 6.3% of 174 million tons. 

 

7. The 132nd Session of China Import and Export Fair opened online on October 15. There were more than 35,000 exhibitors with more than 3.06 million exhibits, reaching a record high.

 

8. By the end of September 2022, China’s foreign exchange reserves stood at USD 3.029 trillion, accounting for about a quarter of the world’s foreign exchange reserves.

 

9. More than 73 Chinese industrial enterprises have been included in the newly released list of the world’s top 500 enterprises, 28 more than in 2012.

 

10. In 2021, China’s grain production reached a record high to 682.8 billion kilos, with the per capita share of grain way above the grain safety line of 400 kilos.