1. Empowering agriculture

 

Empowering agriculture is not only a speeding up of the agricultural development process, but also a leap in the quality development. The essence of building up strength in agriculture is not only to build a strong country in agriculture, but also to make the rural areas beautiful and farmers rich. To achieve that, we should not only focus on industrial development, but also coordinate agricultural development, farmers' income and rural construction, and promote agricultural and rural modernization as one.

 

2. Strengthening fund industry's ability to serve real economy

 

As an important part of China's financial system, the fund industry should better play the role of professional institutional investors, discover the value of outstanding enterprises, and guide more social capital to empower the development of the real economy. In recent years, along with the deepening reform of the capital market, the fund industry has continued to improve its investment management capabilities and achieved leapfrog growth in industry scale, which has effectively supported the high-quality development of the real economy.

 

 

 

1. The Tariff Commission of the State Council recently issued a notice claiming that from January 1, 2023, China will implement provisional import tariff rates lower than the MFN rate for 1020 items, including certain raw materials for anti-cancer drugs, coffee machines, potash fertilizer, iridium oxide for fuel cells, etc.

 

2. China Banking and Insurance Regulatory Commission recently said that in 2023 it will launch a series of policy measures for the banking and insurance industry to serve the real economy. This includes urging banking institutions to reasonably increase consumer credit and to provide comprehensive financial services in areas such as elderly care, education, medical services, culture, sports, catering, accommodation and tourism.

 

 

 

1. Data from the Ministry of Commerce showed that from January to November in 2022, China's actual foreign capital utilization reached RMB 1156.09 billion, up 9.9% year on year.

 

2. According to China Banking and Insurance Regulatory Commission, from January to October in 2022, the real estate development loans issued by China's banking institutions totaled RMB 2.64 trillion, and the mortgage loans totaled RMB 4.84 trillion.

 

3. According to China Federation of Logistics and Purchasing, from January to November in 2022, China's logistics totaled RMB 301.9 trillion, with a year-on-year increase of 3.4%. 

 

4. Industrial and Commercial Bank of China signed strategic cooperation agreements with 12 national real estate enterprises, providing a total of RMB 655 billion of intent financing. Postal Savings Bank of China signed comprehensive cooperation agreements with five real estate enterprises, providing a total of RMB 280 billion of intent financing.

 

5. Data from the National Bureau of Statistics showed that in 2022 China's cotton production totaled 5.977 million tons, increasing 4.3%, 246,000 tons over 2021.

 

6. According to the Ministry of Industry and Information Technology, from January to November in 2022, the revenue of China's telecommunication business reached RMB 1,450.4 billion, with an increase of 8% year on year.

 

7. Report from China Association for Public Companies showed that by December 10, 2022, the number of China's A-share listed companies in manufacturing industry reached 3,313, accounting for 65.5% of all A-share listed companies.

 

8. As verified by the National Bureau of Statistics, China's GDP totaled RMB 114923.7 billion in 2021 in current prices, an increase of RMB 556.7 billion over the preliminary accounting figure; up 8.4% over the previous year at constant prices, 0.3 percentage points higher than the preliminary accounting figure.  

 

9. According to the Ministry of Industry and Information Technology, from January to November in 2022, the revenue of China's software industry reached RMB 9467.2 billion, with a year-on-year increase of 10.4%.

 

10.According to the National Bureau of Statistics, in the first eleven months of 2022, the operating income of industrial enterprises above designated size (all industrial enterprises with annual main business income over RMB 20 million) increased by 6.7% over the same period of last year; and the sales of enterprises maintained a stable growth.

 

11. According to China's customs statistics, from January to November in 2022, China's import and export with other RCEP member countries totaled RMB 11.8 trillion, up 7.9% year on year, accounting for 30.7% of China's total foreign trade.

 

 

(Information Source: Economic Daily)