1. Standardization for urban upgrading

 

Cities are important carriers of economic and social development and people's ways of production and life, and symbols of modern civilization. Urban standards, as the technical integration of scientific, standardized, and refined urban development, are the fundamental pillars for achieving high-quality development in cities. Only by making good use of the "golden key" of standardization and creating a sound ecosystem for the pubic to understand, respect and apply standards, can cities be healthier, safer, and more livable.

 

2. Paving the road of sustainable transportation development

 

Currently, building a safe, convenient, efficient, green, economical, inclusive, and resilient sustainable transportation system is a key measure to serve high-quality development of the economy and society, and to achieve the beautiful vision of "people enjoy their travel, and goods flow smoothly". As an important support for high-quality development, China has made significant progress in sustainable transportation development, significantly improving the overall strength of the industry, and steadily advancing the building of a strong country in transportation.

 

 

1. On October 13, the State Taxation Administration released the report on the development of China's tax business environment (2013-2022). The report shows that over the past decade, China has continuously streamlined its tax procedures, deeply engaged in global tax governance, and created a sound tax business environment for high-level opening up to the outside world.

 

2. On October 15, the Ministry of Commerce released the country-specific trade guidelines, which has been compiled for the first time. It introduces industrial and trade opportunities and risks in macro and micro domains, to help Chinese enterprises enhance their capability to explore international markets.

 

3. On October 17, the Belt and Road CEO Conference was held in Beijing. The conference focused on the theme of "High-quality Belt and Road Cooperation: Together for Common Development and Prosperity", and issued the Beijing Declaration of the Belt and Road CEO Conference.

 

 

1. The Ministry of Finance has recently issued about RMB 866 million of special funds to develop inclusive finance. Together with about RMB 9.867 billion issued in advance, a total of about RMB 10.733 billion of special funds for inclusive finance has been issued in 2023.

 

2. The 134th session of Canton Fair was held in three phases from October 15 to November 4 in Guangzhou. Among more than 28,000 exhibitors, 27,883 are export companies and 650 are import companies. They are from 43 countries and regions, with 60 percent from Belt and Road partner countries.

 

3. China Marine Equipment Expo 2023 closed on October 15 with a number of new technologies and achievements in the field of ship and sea equipment displayed, and business deals worth more than RMB 60 billion have been signed.

 

4. According to China National Offshore Oil Corporation (CNOOC), the first development well of Deep Sea No.1 Project Phase II was successfully completed, with a daily output of more than 1 million cubic meters of natural gas and 230 cubic meters of condensate, far exceeding the design expectations.

 

5. According to China Railway Harbin Bureau, since this year, a total of 4,583 freight trains passed through Manzhouli, Suifenhe, Tongjiang railway ports, the eastern corridor of China-Europe Railway Express, delivering 489,000 TEUs of goods, an increase of 9 percent and 21.9 percent, respectively.

 

6. According to National Health Insurance Bureau, the income of China’s basic medical insurance fund (including maternity insurance) amounted to RMB 2092.333 billion from January to August, up 9.3 percent year on year, keeping stable growth.

 

7. Data from China Banking Association showed that at present, China's listed banks include 6 large state-owned banks, 10 joint-stock banks, 30 city commercial banks and 13 rural commercial banks, with assets exceeding RMB 265 trillion.

 

8. Data from Shanghai Stock Exchange showed that the business revenue of listed companies in Shanghai exceeded RMB 50 trillion, and the average annual compound growth rate of revenue and net profit in the past three years is about 12 percent and 10 percent respectively.

 

9. According to Ministry of Industry and Information Technology, China has built the world's largest and technologically leading fiber optic and mobile communications network. Among them, the average annual growth rate of data center scale in the past five years has reached nearly 30 percent.

 

10. According to State Administration of Financial Supervision, as of the end of June, 13 Chinese-funded banks have set up 145 branches in 50 countries, and 6 Chinese-funded insurance institutions have set up 15 overseas branches in 8 countries.

 

(Source: Economic Daily)