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China Economic Review Mar. 17
Last Updated: 2023-03-17 15:45 |
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1. The expansion of foreign capital showcasing the strong appeal of the Chinese market
Since the beginning of this year, the number of wholly foreign-owned public funds has expanded to seven; qualified foreign investors are also increasing, with six more institutions getting approval in the year. With steady economic growth, huge market potential and high-standard opening up, China has continued to sharpen its appeal to foreign investors.
2. 5 percent growth rate realistic
The Government Work Report puts China's GDP growth target at around 5 percent to ensure steady and quality development. From the perspective of economic development capacity and conditions, this goal is compatible with China's economic growth potential at this stage, and the factors of resources are also sustainable. Setting reasonable economic growth target is conducive to sending positive signals to the market, boosting confidence and guiding all parties to focus on improving the quality and efficiency of economic development.
1.China Securities Regulatory Commission recently issued the Measures for the Administration of Network and Information Security in the Securities and Futures Industry, which covers operators of key information infrastructure of securities and futures, core institutions and other entities, putting forward requirements for the safe operation of network and information, and the protection of investors' personal information.
2. China Securities Regulatory Commission recently guided the stock exchange to formulate the Guidelines for Insurance Asset Management Companies to Carry out Asset Securitization Business, supporting high-quality insurance asset management companies with sound corporate governance, standardized internal management and rich asset management experience to engage in Asset-Backed Securitization (ABS) and Real Estate Investment Trust (REITs) business.
1. According to the National Bureau of Statistics, in February this year China’s CPI grew 1% year on year, dropping 0.5% from a month earlier, while China’s PPI fell 1.4% year on year, stable from the previous month.
2. According to China Federation of Logistics and Purchasing, in February this year, China Bulk Merchandise Index (CBMI) was 102.8%, up 2.4 percentage points compared with the previous month, the highest in the past five months. 
3. The 51st Statistic Report on China’s Internet Development was released by China Internet Network Information Center. According to this report, by December 2022, the number of internet users in China was 1.067 billion, with an increase of 35.49 million from December 2021, and the internet penetration rate reached 75.6%.
4. Data from China Futures Association showed that in February this year futures trading volume reached 541 million lots, with a turnover of RMB 40.96 trillion, up 35.89% and 36.36% respectively from the previous month.  
5. According to China Listed Companies Association, based on the first announcement date, in the first two months of this year, more than 300 listed companies issued announcements of mergers and acquisitions, with the amount of more than RMB 110 billion.
6. Data from China Federation of Logistics and Purchasing showed that in 2022, China’s total logistics amounted to RMB 347.6 trillion, with the total revenue of the logistics industry of RMB 12.7 trillion. China’s logistics market has become the world’s largest for seven consecutive years. 
7. According to customs statistics, in the first two months this year, the total value of China’s imports and exports reached RMB 6.18 trillion, down 0.8% year on year, with exports up 0.9% to RMB 3.5 trillion, and imports down 2.9% to RMB 2.68 trillion. The trade surplus was RMB 810.32 billion, with an increase of 16.2%.
8. Data from State Administration of Foreign Exchange showed that by the end of February this year, China’s foreign exchange reserves stood at USD 3.133 trillion.
9. According to China General Chamber of Commerce, in March this year, China’s Retail Prosperity Index (CRPI) was 50.6%, up 0.3 percentage point from the previous month.
10. According to China Tobacco, in 2022 the total industrial and commercial taxes and profits of China’s tobacco industry reached RMB 1.4413 trillion, up 6.12% year on year, with a total fiscal amount of RMB 1.4416 billion, up 15.86% year on year.
(Source: Economic Daily)

(Editor:Liao Yifan)

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China Economic Review Mar. 17 | 2023-03-17 15:45
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