Striving in and out of ＂acceleration＂ in many fields, China’s economy shows surging kinetic energy

CCTV News:According to the data released by the National Bureau of Statistics on April 11th, in March, the national consumer price index (CPI) rose by 0.1% year-on-year and decreased by 1.0% quarter-on-quarter. From January to March, the average national consumer price was the same as the same period of last year.

In March, the national producer price index (PPI) decreased by 0.1% month-on-month, and the decline was narrower than last month. It decreased by 2.8% year-on-year, and the decline was slightly expanded. In the first quarter, the ex-factory price of industrial producers decreased by 2.7% compared with the same period of last year.

According to the information released by China Automobile Industry Association on April 10th, in the first quarter of this year, the economic operation of China’s automobile industry started smoothly and achieved a good start.

In the first quarter of this year, automobile production and sales reached 6.606 million and 6.72 million respectively, up 6.4% and 10.6% respectively.

The export of new energy vehicles increased by 23.8% year on year.

In the first quarter of this year, the production and sales of new energy vehicles were 2.115 million and 2.09 million respectively, up by 28.2% and 31.8% respectively, and the market share reached 31.1%. Among them, 307,000 vehicles were exported, a year-on-year increase of 23.8%.

Experts pointed out that the automobile industry is a pillar industry of the national economy, which plays an important role in steady growth and stable employment. It is of great significance to continuously consolidate and expand the stable and good development trend of the automobile industry.

China will implement multi-industry equipment renewal in the industrial field

Seven departments, including the Ministry of Industry and Information Technology, have recently launched an implementation plan for equipment renewal in the industrial field, and it is clear that by 2027, the scale of equipment investment in China’s industrial field will increase by more than 25% compared with 2023.

It is necessary to speed up the elimination of backward and inefficient equipment and old equipment that has been in service for an extended period. Focus on promoting the industrial machine tool industry to update related equipment such as machine tools that have been in service for more than 10 years. Encourage enterprises to update a batch of advanced equipment with high technology, high efficiency and high reliability. Among them, we will focus on promoting the aviation industry to fully develop the assembly integration capability and supply chain supporting capability of large aircraft, large amphibious aircraft and aero-engines.

In addition, in key industries such as petrochemical industry, medicine, shipbuilding and electronics, a number of advanced equipment will be updated to enhance the engineering and industrialization capabilities.

It is estimated that by 2027, the scale of equipment investment in China’s industrial sector will increase by more than 25% compared with that in 2023. The penetration rate of digital R&D design tools and the numerical control rate of key processes of industrial enterprises above designated size will exceed 90% and 75% respectively, and the digital transformation of industrial enterprises will be fully covered in major industrial provinces, cities and key parks.

At the end of March, the loan balance of inclusive small and micro enterprises nationwide increased by 21.1% year-on-year.

According to the latest data from the General Administration of Financial Supervision, in the first quarter of this year, the interest rate of new loans for inclusive small and micro enterprises nationwide was 4.42%, which was 0.35 percentage points lower than that in 2023 and 3.51 percentage points lower since 2018. By the end of March this year, the loan balance of inclusive small and micro enterprises nationwide was 31.4 trillion yuan, up 21.1% year-on-year.

China further expanded the pilot program of opening up value-added telecommunications services to the outside world.

On April 10th, the Ministry of Industry and Information Technology issued the "Pilot Program for Expanding Opening-up of Value-added Telecommunication Services". The areas approved to carry out pilot projects will further expand the access of foreign capital in the field of value-added telecommunications services.

Value-added telecommunications services refer to the use of public network infrastructure to provide additional telecommunications and information services, such as Internet data centers, e-commerce and information services. The "Pilot Program" proposes that pilot projects will be carried out in Beijing, Shanghai, Hainan and Shenzhen. The Ministry of Industry and Information Technology is responsible for organizing the evaluation and demonstration of the pilot implementation plan and implementation conditions in the four places, and giving a reply to the qualified areas. For foreign-funded enterprises that have been approved for the pilot project, China will follow the principle of "consistency between domestic and foreign investment" and cancel the restrictions on foreign-funded shares in Internet data centers, Internet access services, online data processing and transaction processing.

It is understood that opening the Internet data center business to foreign investors this time can introduce high-quality foreign data centers, especially cloud service enterprises, which will help promote the development of Internet data centers and cloud services in China. At present, the cloud computing market in China is still in a period of rapid development. In 2023, the cloud computing market in China was 602 billion yuan, up 32.3% year-on-year, 12% higher than the global growth rate. It has a strong attraction for foreign investment.

Experts pointed out that the introduction of high-quality foreign-funded telecommunications enterprises from abroad to operate in China will bring consumers a rich supply of products and services, stimulate the innovation vitality of domestic enterprises, and enhance the service level and international competitiveness of the industry.

It is understood that the Ministry of Industry and Information Technology has previously launched a pilot program for the opening of value-added telecommunications services in the Shanghai Pilot Free Trade Zone, and 8 of the 10 value-added telecommunications services have been opened, of which 6 have no restrictions on foreign shares. Since 2020, the policy of Shanghai Pilot Free Trade Zone has been extended to all pilot free trade zones. By the end of February, 2024, a total of 1,884 foreign-funded enterprises were allowed to operate telecom business in China.

China phased out the lower limit of the first home loan interest rate

Recently, Qingdao, Fuzhou, Nanchang and other cities announced that starting from April, the lower limit of the interest rate of the first set of commercial personal housing loans will be phased out, and the actual interest rate will be determined by commercial banks through independent consultation with borrowers in accordance with the principles of marketization and rule of law. Recently, more than 10 cities have announced the implementation of this new property policy.

In a housing agency store in Laoshan District, Qingdao, the reporter found that after the implementation of the New Deal, the consultation volume and transaction volume increased significantly.

At present, China’s mortgage interest rate is linked to the loan market quotation rate (LPR). Before the implementation of the New Deal, the interest rate of the first home loan in Qingdao could not be lower than 3.75%. Now that the lower limit has been cancelled, it is up to the market to decide how many basis points the mortgage interest rate will be lowered on the basis of the loan market quotation rate (LPR). The reporter learned from many banks in Qingdao that after the implementation of the New Deal, the interest rate of the first home loan of many banks generally dropped to around 3.45%, and some banks reduced the minimum interest rate to 3.25% for better qualified lenders.

The policy of canceling the lower limit of the interest rate of the first home loan originated from the dynamic adjustment mechanism of the interest rate policy of the first home loan established in China last year, that is, cities where the sales price of newly-built commercial housing has dropped for three consecutive months month-on-month and year-on-year, can maintain, reduce or cancel the lower limit of the local interest rate policy of the first home loan in stages. Recently, more than 10 cities, including Nanchang, Ganzhou, Jiujiang, Xinyu, Fuzhou, Fujian, Jining, Qingdao, Yantai, Chaozhou and Shanwei, Guangdong, have announced that the lower limit of the first home loan interest rate will be phased out from April this year, including third-and fourth-tier cities and second-tier cities.

China consumers "buy all over the world" and feel at ease to buy and retreat.

On April 10th, a tripartite ministerial meeting on consumer goods safety in China, the United States and Europe was held, focusing on deepening cooperation and information sharing on consumer goods safety under the background of intellectualization of trade, so as to bring more protection for China consumers to "buy all over the world". Now it is more and more convenient for China consumers to buy imported goods. You can buy all over the world without traveling all over the world. How to buy with confidence, return with peace of mind and receive goods early?

In 2015, the first cross-border electronic commerce Comprehensive Experimental Zone was born in Hangzhou, Zhejiang. In an e-commerce enterprise warehouse in Xiasha Park, Hangzhou Cross-border E-commerce Comprehensive Test Zone. Hangzhou customs staff are conducting spot checks on imported small household appliances and clothing.

As the first cross-border e-commerce comprehensive test area in China, the General Administration of Customs has set up the only national quality and safety risk monitoring center and evaluation center for import and export commodities in Hangzhou Customs. For goods with quality and safety risks, the customs will require cross-border e-commerce enterprises to take measures such as taking off the shelves, technical rectification, returning goods and even destroying them.

Consumers who often buy imported goods through cross-border e-commerce platforms will find that the goods are often shipped not abroad, but at home. For example, Ningbo bonded warehouse and Tianjin bonded warehouse. Now, many cities in China have comprehensive bonded zones. According to the consumption trend of domestic consumers, cross-border e-commerce enterprises will first transport imported goods to the warehouse in the bonded area, wait for consumers to place orders, start delivery, and then pay corresponding taxes.

With the booming of cross-border e-commerce, a new foreign trade format, the national customs are exploring how to solve the problems of returning imported goods. At the end of 2018, the General Administration of Customs issued an announcement to clarify that cross-border e-commerce imported returned goods that meet the secondary sales can be put on the shelves again. A cross-border e-commerce retail import and return center warehouse was set up in Nansha Comprehensive Bonded Zone, Guangzhou, allowing consumers to return parcels into the zone, and completing all processes such as sorting, return declaration and restocking in the zone "one-stop", so that consumers can enjoy the benefits of returning imported goods, and also help enterprises reduce operating costs.

On April 10th, the 8th China-US-Europe Tripartite Ministerial Meeting on Consumer Product Safety was held in Hangzhou. The General Administration of Customs of China, the Consumer Product Safety Commission of the United States and the EU Department of Justice and Consumers focused on deepening consumer product safety cooperation and information sharing under the background of digital intelligence in trade, reached a new consensus on further deepening tripartite cooperation and adopted the Joint Statement. The joint statement determined to seek to build a "common standard" for the safety of consumer goods, deepen the "common supervision" for the safety of consumer goods, continue to focus on the "common protection" of consumer rights, and strive to protect the "common safety" of consumer goods. According to the statistics of the General Administration of Customs, in the first quarter of this year, the import and export trade value of consumer goods between China and the United States and between China and Europe was 0.37 trillion yuan and 0.4 trillion yuan respectively.

Construction of natural gas pipeline project around Tarim Basin started in an all-round way.

The reporter learned from China Petroleum that the natural gas pipeline project around Tarim Basin started construction in Xinjiang a few days ago. The project plan will be implemented in three batches, and 2,108 kilometers of natural gas pipelines will be built. At present, the first batch of projects under construction has a total length of 616 kilometers, and the designed gas supply scale of the pipeline is 11 million cubic meters per day, which is planned to be fully completed in 2025.

China’s 40th Antarctic expedition returned to China after completing its mission.

On April 10th, with the icebreaker "Snow Dragon" docked in Qingdao, Shandong Province, the 40th Antarctic expedition of China, organized by the Ministry of Natural Resources, successfully completed its mission and all returned to China. This investigation was first carried out by the "Snow Dragon", "Snow Dragon 2" and "Tianhui" Mifune. The expedition set out from China in November last year, lasted more than five months, with a total voyage of more than 81,000 nautical miles. It completed the construction of the main building of Qinling Station in Antarctica and achieved a number of important scientific research results.

Manas, Xinjiang: Ice and snow melt and colorful Danxia is picturesque.

In these two days, with the warming of the temperature, the snow and ice in the southern mountainous area of Manas County gradually melted, and the colorful Danxia, which took off its white coat, showed red, orange, yellow, blue and green, colorful and beautiful. The colorful Danxia landform and Tianshan Mountains complement each other to form a colorful watercolor scroll.

Guazhou, Gansu: Mongolian wild donkeys collectively appear in the desert Gobi

Recently, eight Mongolian wild donkeys were found by the staff during their daily inspections in Anxi, Gansu, a national nature reserve of extremely arid desert. Mongolian wild donkey is a national first-class protected wild animal, which looks like a mule, with long and pointed ears and a short mane on the back of its neck. At present, there are 6 Mongolian wild donkey populations with about 130 heads in Guazhou, Gansu Province.