Current location:World Wave news portal > opinions
Latest data shows China's economic resilience
World Wave news portal2024-05-21 09:45:26【opinions】4People have gathered around
Introduction(Chinadaily.com.cn) 13:30, January 30, 2024China's economic development shows continued resilience,
China's economic development shows continued resilience, vitality and potential, as reflected in the latest released data, said a CCTV report.
China's central bank will maintain a prudent monetary policy in 2024. Positive news includes central state-owned enterprises achieving an operating income of 39.8 trillion yuan ($5.57 trillion) in 2023 and the overall stable operation of the social security fund.
Meanwhile, several press releases related to the country's economy and people's livelihood were issued.
PBOC: Adhering to prudent monetary policy in 2024
Pan Gongsheng, governor of the People's Bank of China, the central bank, said China will cut the reserve requirement ratio by 0.5 percentage point on Feb 5 to infuse liquidity of about 1 trillion yuan into the market.
The PBOC will also lower the interest rates for relending and rediscounting for loans in the agriculture sector and small enterprises to 1.75 percent from Thursday, down from 2 percent, Pan said at a news conference in Beijing.
In 2024, the PBOC will maintain a prudent monetary policy, effectively implement flexible and moderate measures, and continue to create a favorable monetary and financial environment for stable economic growth.
A view of a shipyard runs by Dalian Shipbuilding Industry Co Ltd, a subsidiary of state-owned China State Shipbuilding Corp Ltd, in Dalian, Liaoning province, in February. [PHOTO/CHINA DAILY]
Central SOEs record high-quality growth
In 2023, the central state-owned enterprises recorded an operating income of 39.8 trillion yuan, realizing steady growth with high quality.
They completed cumulative fixed asset investments of 5.09 trillion yuan, up 11.4 percent year-on-year.
Strategic emerging industries received a total investment totaling 2.18 trillion yuan, a year-on-year growth of 32.1 percent.
Currently, these enterprises are undertaking over 1,000 major projects, including those outlined in the national 14th Five-Year Plan.
An elderly woman tries on new clothes in Daguozhuang village of Zaozhuang, East China's Shandong province, Oct 12, 2021. [Photo/Xinhua]
China's social security funds remain stable
In 2023, 1.07 billion people in China were covered by basic pension insurance and 1.38 billion had social security cards. China's social security fund stably operated throughout the year.
By the end of 2023, the number of participants in unemployment insurance and work-related injury insurance was 244 million and 302 million, respectively, an increase of 5.66 million and 10.54 million year-on-year.
The total annual revenue of the three social insurance funds was 7.92 trillion yuan, and the expenditure was 7.09 trillion yuan.
By the end of the year, the accumulated surplus reached 8.24 trillion yuan, indicating the overall stable operation of the funds.
Policies drive high-quality growth in cold chain logistics
China's total demand for cold chain logistics in 2023 was 350 million tons, with a year-on-year growth of 6.1 percent.
According to incomplete statistics, 23 relevant policy documents related to the development of cold chain were issued at the national level in 2023, said an official in charge of Cold Chain Logistics Committee of China Federation of Logistics and Purchasing.
By the end of 2023, the National Development and Reform Commission had approved the construction of three batches of 66 national cold chain logistics bases.
Benefiting from a continually improving modern logistics system, not only are domestic products experiencing rapid circulation, but imported agricultural products like cherries from Chile, beef from Russia, and durians from Southeast Asia, have also flooded the Chinese market.
International flights to pick up during Spring Festival holiday
As of Jan 24, airlines have proposed over 2,500 extra international flights and charter arrangements for the 2024 Spring Festival, making flight bookings pick up early, according to the Civil Aviation Administration of China.
Data shows that the number of flights to Europe in China has recovered to 70 percent of the amount of flights in 2019, with more flights added to the routes to France, Italy, Germany and other countries. It suggests that traveling in Europe has become a new trend for outbound travel during this year's Spring Festival.
Ensuring ample supply for the Spring Festival
China's food supplies remained sufficient, and the overall market operations were stable in 2023, an official with the Ministry of Agriculture and Rural Affairs said on Tuesday.
In 2023, more vegetables were grown across the country, and the total production of pork, beef, mutton and poultry meat reached 96.41 million tons, marking a 4.5 percent increase compared to the previous year. Moreover, the output of aquatic products also reported an increase.
A job fair for college graduates is held in Shanghai on Oct 16, 2023. [Photo/Xinhua]
Creating 30 million job openings
The Ministry of Human Resources and Social Security is set to launch a state-level campaign late this month through early April, focusing on providing 30 million job opportunities.
The initiative will target rural workers and employers with job needs, facilitating job matching for older rural migrant workers.
It will also support entrepreneurship by providing resources for local businesses, bringing in mentors and encouraging innovation among young individuals settling in rural areas.
Address of this article:http://unitedarabemirates.lochsaege.com/news-68d899887.html
Very good!(452)
Related articles
- Strictly star Giovanni Pernice's former partner Rose Ayling
- Chinese company spurs economic revival in Botswana's mining town
- Mainland's adjustment to Straits flight route serves aviation safety
- Bare mountains turn green again through ecological restoration in SW China's Sichuan
- Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
- Chinese investment in Africa hits $1.8b in 1st half of 2023
- Wang: China willing to work for global peace and security
- Israel lifts all precautionary restrictions after Iranian attack: army
- Investigators return to Long Island home of Gilgo Beach serial killing suspect
- Xi pays visit to grassroots officials and residents in Tianjin ahead of Spring Festival
Popular articles
Recommended
Young Boys seals 6th Swiss soccer league title in 7 years after rallying from firing coach Wicky
11th batch of Chinese medical team provides medical services in Juba, South Sudan
Foreign Leaders, Heads of Int'l Organizations Extend Greetings for Chinese New Year of Dragon
China to expand visa
Rangers are undefeated at .500 to keep World Series champs from a losing record with Bochy
China's digital economy hits 45 trln yuan: report
Xi chairs CPC leadership meeting to review reports, guideline and regulations
Feature: African entrepreneurs eye opportunities in China's Xiong'an New Area
Links
- China's State Council stresses efforts in flood relief, reconstruction
- China's top legislature to set up deputies affairs commission
- Nick Lodolo stars in return as the Reds beat the light
- Sam Mayer makes last
- Reims and Rennes drop points in the French league chase for a European place
- Xi's article calls on young officials to shoulder mission of the times
- Chinese premier calls for better communication, exchanges among international community
- People mourn for victims killed in Moscow terrorist attack in St. Petersburg
- Xi sends congratulatory letter to General Assembly of Alliance for Cultural Heritage in Asia
- Salvador Perez homers, Bobby Witt Jr. scores 4 times as Royals beat Mets 11