1. Stable cross-border capital flows

 

A report from the State Administration of Foreign Exchange showed a net direct investment inflows of USD 30.5 billion last year, with two-way direct investment remaining stable. Foreign direct investment is still a stable channel for foreign capital inflows. The prospect of China’s economy and vast market potential will continue to attract long-term capital investment. China’s insistence on the two-way opening of financial market and continuous improvement in facilitating cross-border investment and financing will create a favorable policy environment for cross-border investment and financing.

 

2. Avoiding misconceptions of unified market building

 

It has been a year since the publication of the Opinions of the CPC Central Committee and the State Council on advancing the construction of the unified national market, and the construction has achieved initial results, but there are still problems such as lack of unified rules and regulations, poor flow of factor resources, local protection, and market segregation. The unified national market to be constructed is neither an egalitarian market, nor a market of command economy. It is important to deepen reform so as to promote the construction of unified national market. 

 

3. Key drive to upgrade consumption

 

The 3rd China International Consumer Products Expo opened on April 10. As the first major international expo in China after the smooth transition of COVID-19 response phases, it will boost consumer confidence, and provide a key driving force to upgrade consumption. The expo, which has been held for three consecutive sessions, fully demonstrates that China adheres to the basic policy of opening up, and pursues a comprehensive opening-up strategy for mutual benefit and win-win, so as to provide new opportunities for the world.

 

 

1. The Ministry of Culture and Tourism recently issued the Management Measures for National Cultural Industry Demonstration Parks (Bases). The measures aim to enhance construction and development of national cultural industry demonstration parks and bases, and to better play their leading roles.

 

2. The Ministry of Industry and Information Technology and the Ministry of Culture and Tourism jointly issued the notice on promoting the collaborative innovation and development of 5G+ smart tourism. According to the notice, by 2025, 5G networks construction will be improved in China’s tourist sites.

 

 

1. According to customs statistics, in the first quarter of this year, the total volume of trade in goods was RMB 9.89 trillion, a year-on-year increase of 4.8%. Among them, exports totaled RMB 5.65 trillion, a year-on-year increase of 8.4%; imports stood at RMB 4.24 trillion, a year-on-year increase of 0.2%.

 

2. According to data from the State Administration of Foreign Exchange, by the end of March this year, China's foreign exchange reserves amounted to USD 3,183.9 billion, an increase of USD 50.7 billion or 1.62% compared to the end of February.

 

3. According to the data of the National Bureau of Statistics, in March this year, China's consumer price index (CPI) rose by 0.7% year on year, 0.3 percentage points lower than that of last month; From January to March, the average CPI increased by 1.3% compared to the same period last year.

 

3. According to the People's Bank of China, in the first quarter of this year, China's total social financing was RMB 14.53 trillion, RMB 2.47 trillion more than the same period last year.

 

5. China State Railway Group reported that in the first quarter of this year, China's railway completed a fixed assets investment of RMB 113.55 billion, up 6.6% year on year, and has accelerated to modernize railway infrastructure system.

 

6. According to China Association of Automobile Manufacturers, in the first quarter of this year, the production and sales of new energy vehicles in China reached 1.65 million units and 1.586 million units, with a year-on-year growth of 27.7% and 26.2% respectively, and a market share of 26.1%.

 

7. Tesla recently announced to increase investment and build a new mega factory in Shanghai to manufacture its large-scale energy-storage battery. The factory will initially produce 10,000 Megapack units every year, equal to around 40 GWh of energy storage. 

 

8. According to China State Railway Group, in the first quarter of this year, it delivered a total of 753 million passengers, a year-on-year increase of 66%, and 970 million tons of goods, a year-on-year increase of 2.3%.

 

9. Recently, China State Shipbuilding Corporation Limited and CMA CGM Group have officially signed a cooperation agreement in Beijing. The agreement includes the construction of two types of 16 large container ships, with an amount of more than RMB 21 billion, setting a new record for the largest amount of container ships signed at one time in China’s shipbuilding industry.

 

10. According to China State Railway Group, in the first quarter of this year, China-Europe Railway Express operated a total of 4,186 trains, transporting 449,000 TEUs, an increase of 15% and 28% year on year respectively, delivering an increasingly rich variety of goods.

 

(Source: Economic Daily)