1.Integrated development of modern industrial system 

 

To accelerate the construction of modern industrial system supported by the real economy, it is important to maintain and strengthen the advantage of a complete industrial system and strong supporting capacity. Meanwhile, we need to promote the coordinated coupling between industrial categories, regions, large, medium, and small enterprises, upstream and downstream segments, so as to better unleash the comprehensive benefits of the industrial network, and to accelerate the formation of joint forces that will push forward high-quality development and build modern industrial system. 

 

2.Enhance resilience and security of industrial chain and supply chain

 

As an important feature for the economy of a large country, it is vital for industrial chain and supply chain to main stable at critical moments. Only when industrial chain and supply chain are complete, controllable and stable, can they be resilient and secure. In significant areas and fields that are closely related to the national economy, people's well-being and national security, it is instrumental to have the capability of basic material production, equipment manufacturing, and the supply of parts, components, and energy raw materials.  

 

3.Pay equal emphasis on development and security of private investment funds 

 

Regulation on the Supervision and Administration of Private Investment Funds was published on July 9, and will take into effect from September 1. As the first regulation in the field of private investment funds in China, the regulation indicates its development under the rule of law with standardization. Integrating development and security, the regulation takes consideration both the market supervision and the law of the market, clearly stating that "the nation encourages the standardized and healthy development of the private investment industry".  

 

 

 

1.The notice on the seventh batch of replication and promotion of the reform pilot experience on the pilot free trade zones was issued by the State Council recently. According to this notice, the 24 items of reform pilot experience will be replicated and promoted nationwide and in specific regions, releasing the dividends of the reform and opening-up policies in the pilot free trade zones.   

 

2.People's Bank of China recently issued the measures on the administration of bank deposits in the People's Bank of China. According to the measures, the service and regulation of the deposits will be standardized, promoting the transparency, fairness and accessibility of the settlement service of the bank.

 

3.The State Administration for Market Supervision recently announced that it will implement CCC certification management for lithium ion batteries and battery packs, and mobile power supplies since August 1, 2023. Since August 1，2024, those without the CCC certification and labeling of the certification mark will not leave factories, be sold, imported or used in other business activities. 

 

 

 

1.According to the China Machinery Industry Federation, from January to May this year, China's machinery industry's operating revenues totaled RMB 11 trillion, a year-on-year increase of 10.6 percent; The total profit achieved was RMB 613.66 billion, an increase of 18.2 percent year on year.

 

2. According to the General Administration of Customs, in the first five months of this year, China imported a total of RMB 16.15 billion of African agricultural products, a year-on-year increase of 26.5 percent. In recent years, African agricultural exports to China have grown rapidly, and China has become the second largest destination country for African agricultural exports.

 

3.According to data from the Ministry of Commerce, China's trade in services maintained an overall growth trend in the first five months of this year, with a total import and export volume of RMB 2,605.54 billion, a year-on-year increase of 10.2 percent.

 

4. The number of China-Europe freight train services increased by 16 percent year on year to 8,641 trips during the January-June period, according to China State Railway Group Co., Ltd. Some 936,000 20-foot equivalent units (TEU) of goods were transported via freight trains, up 30 percent. As of the end of June, the train services had reached 216 cities in 25 European countries, with more than 6.9 million TEU of goods handled through 73,000 train trips.

 

5. According to the data from the State Administration of Foreign Exchange, China's foreign exchange(forex) reserves, assets held on reserve by a country's central bank in foreign currencies, came in at over $3.19 trillion at the end of June, up $16.5 billion from the end of May, or 0.52 percent.

 

6. In the first half of this year, China's railway completed RMB 304.9 billion of fixed assets investment, up 6.9 percent year on year.

 

7.China's yuan-denominated loans rose by RMB 15.73 trillion in the first half of the year (H1), a year-on-year increase of RMB 2.02 trillion; China's new yuan deposits hit RMB 20.1 trillion, an increase of RMB 1.3 trillion year on year, data from the People's Bank of China, the country's central bank, showed.

 

8.According to customs statistics, in the first five months of this year, China's imports and exports to other RCEP member countries reached RMB 5.11 trillion, a year-on-year increase of 4.5 percent, and its trade with other RCEP member countries accounted for over 30 percent of China's foreign trade.

 

9.According to data from the China Association of Automobile Manufacturers, in the first half of this year, the output and sales of new energy vehicles in China reached 3.788 million and 3.747 million respectively, with year-on-year growth of 42.4 percent and 44.1 percent, and a market share of 28.3 percent.

 

(Source: Economic Daily)