Page 7 - Cong Yi News Today

Chinas paid-in foreign direct investment (FDI) in 2022 hit $189.13 billion, a year-on-year growth of 8 percent in US dollar terms, maintaining a stable growth, data from the Ministry of Commerce (MOFCOM) showed on Wednesday.

Chinas factory activity contracted in December as COVID cases prevent workers from go to work, but the majority of surveyed companies said they expect the prospect to improve after the epidemic situation is eased, the National Bureau of Statistics (NBS) said on Saturday.

China’s National Development and Reform Commission (NDRC), the countrys economic planner, on Thursday released an action plan to boost domestic demand during the 14th Five-Year Plan period (2021-25), as the nation strives to boost its recovery and realize high-quality growth amid a global economic downturn.

China will conduct its fifth national economic census in 2023 to take stock of the countrys economic and social development, a move that comes as the country braces for a slew of tone-setting economic symposiums in December, including the annual Central Economic Work Conference, which will lay out the macroeconomic policy foundation for a head start next year.

Ministry of Industry and Information Technology (MIIT), along with two other ministries, jointly issued a notice on Monday, aiming to consolidate industrial production, to be bolstered with a spate of new supportive measures.

The Haikou duty-free shopping complex in South China’s Hainan Province, the world’s largest stand-alone duty-free shop, opened on Friday, another signature project added to the construction of the Hainan Free Trade Zone which will help further boost consumption and promote high-level opening-up.

With Chinese people preparing to embrace the National Day and enjoy the Golden Week holiday that runs from October 1 to 7, local governments are taking more measures to boost the holiday economy while at the same time fighting against COVID-19. Analysts said that even though some Western media have badmouthed Chinas economy by smearing the countrys COVID-19 prevention measures, the resilience of the Chinese economy and remarkable recovery expectations ahead remain unchanged, with Chinese people ...

From urging the start of construction projects to creating a preferential policy environment for new-energy vehicle (NEV) development, Chinas National Development and Reform Commission (NDRC) has unveiled a basket of policies to further propel the economy as pressure lingers.

Chinese health officials on Thursday encouraged the public stay put or reduce out-of-town trips during what’s normally knowns as a golden period of tourism in the country. However, the anti-COVID-19 moves has not dampened consumers’ enthusiasm for the holidays, as bookings for local tourism soared.

Electricity supply for general businesses and industrial production has fully resumed in Southwest China’s Sichuan Province, with the exception of some high energy-consuming enterprises. With the power shortage continually easing, all industrial production will resume soon and the temporary electricity shortage will have limited impact on the nation’s overall industrial output for the year, experts said.