From the front (从新闻媒体的第一页)
A model region of shared prosperity
Published a joint paper of the Central Committee of the Communist organization of China (中央委员会中国共产党) and the State Council (国务院). These are guidelines for the authorities of all levels of Zhejiang state entitled:
"Supporting Zhejiang's high-quality improvement to make a model region of shared prosperity" (支持浙江高质量发展建设共同富裕示范区)
The paper is extensive, comprising 8 chapters:
- general requirements;
- improving quality, improvement efficiency and consolidating basic resources;
- deepen the improvement of the distribution strategy and increase the income of urban and agrarian residents;
- reducing the improvement gap between urban and agrarian areas;
- creating a advanced level of culture and enriching the spiritual and cultural life of society;
- a green environment conducive to life;
- the methods for securing the performance of those tasks;
- Conclusions.
The details of the paper are fundamentally derived from the adopted 14th Five-Year Plan and supporting documents. It draws attention to a much stronger link between economic, development, social and political-ideological issues. This last issue is devoted to chapter 1 and to chapter one. Of course, there were no shortages of accents that during the implementation of the project's assumptions it is obligatory to follow the "thought of Xi JinPing about socialism with a Chinese character in the fresh era" (习近平新时代中国特色社会主义思想).
It is worth remembering, due to the fact that this word will be repeated more and more. As well as the fact that KPCh leadership is the guarantor of implementation: throughout the process, in all scopes and at all stages. Apart from the formal, ideological layer, this task is highly important. Its assumptions are the elimination of social fragmentation, both in the material and spiritual layers. The PCC has been pushing the view for a long time that further improvement of the state requires an increase in the wealth of the full society. A situation where the economical position prompts people to undertake hard and low-paid jobs, and thus the results of their work gain price competitiveness was a solution that matched the realities of China in the 1980s and 1990s erstwhile China was a mediocre country. present China is at a different, higher phase of development, and needs another factors of progress. specified as interior consumption, which will only grow if the full Chinese society becomes richer.
This is the goal of a pilot plan launched in Zhejiang Province. The state of Zhejiang is to accomplish the "target of common prosperity" by 2035.
Anti-sanction law
The Standing Committee of the General Chinese Assembly of People's Representatives (全国人民代表大会常务委员会) adopted the "Act of the People's Republic of China on abroad Sanctions" (中华人民共和国反外国制裁法), or alleged anti-sanction law. This is the first specified regulation in the past of the PRC which provides a legal basis for the Chinese government to be counter-trading in the event of an imposition on the state, local companies, or unilateral and discriminatory sanctions by another countries or organisations. The fresh law lists the more crucial actions that can be taken within the framework counter-sanction. The introduction of the fresh law shows China's determination to defend sovereignty and key state interests. The justification underlines the request for a state to have regulation of this kind peculiarly in the face of an anti-Chinese run under US leadership. (More about this in podcast)
Internet Cleaning
National Working Group on Combating Pornography and Illegal Content (全国“扫黄打非”工作小组), The Department of Propaganda of the Communist organization of China (中国共产党中央委员会宣传部), the Office of the Central Committee of the Communist organization of China for Network and Information safety (中共中央网络安全和信息化委员会办公室), the net Information Office of the People's Republic of China (中华人民共和国互联网信息办公室), the Ministry of manufacture and Information Technology (工业和信息化部), the Ministry of Public safety (公安部), the Ministry of Culture and Tourism (文化和旅游部), and the State Administration of Radio and tv (国家广播电视总局) begin a coordinated run to clean the net from undesirable content. The run will be touring especially on the removal from the network of any pornographic, nihilistic, racist, socially harmful, vulgar content that violates fundamental socialist values, good opinion and past of the party, and National heroes. The applicable departments of the institutions active in the run were obliged to act quickly, efficiently, to respond immediately to adverse events.
The “cleaning of the Internet” action is to last at least until the national vacation (1 October). According to the message of reasons, "they are taken in the interests of a healthy cyberspace environment and creating affirmative net energy".
Coronavirus – COVID-19 (冠状病毒疾病)
Vaccines
The 4th anti-covid vaccines developed by the Institute of Medical Biology of the Chinese Academy of Medical Sciences (中国医学科学院医学生物学研究所) joined 3 presently utilized in the country. The efficacy of this vaccine was estimated to be 96% to 99.3%.
Currently, at various stages of clinical experiments there are 21 another specifics.
To date, over 350 million doses of Chinese vaccines have been delivered to over 90 countries worldwide. As of October 2020, China has participated in the COVAX (New Coronary Vaccine Implementation Plan) program of the planet wellness Organization, providing free vaccines for the poorest countries in the world. presently Chinese vaccines are packaged, or manufactured under license, among others, in Brazil, Indonesia, Egypt, United arabian Emirates, Pakistan and Malaysia.
ShangHai FoSun Pharmaceutical Co., Ltd. (上海复星医药集股份有限公司) is waiting to approve the first Chinese vaccine based on mRNA technology. It was developed jointly with the German company BioNTech. Fosun is ready to start production of the vaccine in August this year.
WHO authoritative Report
The planet wellness Organization has published a comprehensive “China Part-WHO – China Joint investigation Report” as part of its discussion on the origin of Covid-19 virus. Link to document:
Epidemic situation
New cases of Covod-19 infection are multiplying. For a period the most serious situation has been in the confederate GuangDong 广东 province, and especially in the regional capital, in the town of GuanZhou (Canton) 广州, but besides in FoShan 佛山 and ShenZhen 深圳. Canton has been closed for the first time in a year of cinemas, theatres, nightclubs and another amusement facilities. It is recommended not to travel between cities in this province, those districts where infections have been detected are covered by a full lockdown. Importantly, there are over 100 cases detected, mainly Delta B.1617.2 variant virus called Indian. It is presently detected after respective cases of infections per day. As the local authorities say.
It cannot be said about Taiwan 台湾. respective 100 cases of infections per day have been reported there for 2 weeks (100 to more than 200). In addition, respective deaths resulting from the virus infection are recorded each day.
According to the data of June 11, China was vaccinated 863.513 million people 18 years old. That's 61.7% of the full population. A vaccination programme for children and adolescents aged 3 to 17 years has been started.
Economics (经济学)
CPI
Consumer price index, CPI, 消费者物价指数, is the most popular inflation/deflation measurement in the planet in May in China. The value of this index increased by 1.3% in the year-to-year ratio (r/r) compared to an increase by 0.9% a period earlier. Inflation in China has been expanding since March but to a tiny degree and below erstwhile assumptions for this year (3%). Prices of goods and services in cities increased by 1.4%, in agrarian areas by 1.1%, food prices by 0.3%, non-food products prices by 1.6%, and services by 0.9%. The main origin inhibiting inflation growth is falling food prices. Pork last period sank by 23.8%. Inflation-friendly factors are the ever-increasing prices of fuel, education, accommodation, transport and communication.
PPI
What raises concerns and comments is another period of strong increase in the production price index (PPI) – a metre showing changes in the price level set by producers at different stages of the production process. This is simply a commonly utilized measurement of inflation, alongside the index of consumer goods and services. In May, this index increased by 9% y/y, The strongest in 13 years. In April, PPI increased by 6.8%, in March by 4.4%, and in February by 1.7% (r/r). All due to costly natural materials specified as oil, iron, copper and another metals. For example, oil and gas are more costly by 99.1% y/y, non-ferrous metals by 38.1%, castings by 30.4%, coal by 29.7% y/y, and chemical natural materials and products by 20.9%. In addition, request increases – both in the country and abroad for Chinese products. The effect is that producers shift the increase in production costs to customers, fewer decide to reduce margins. Mainly due to the fact that customers accept higher prices. The mill of the planet is working full steam.
Foreign trade
In May this year, Chinese abroad trade increased by 26.9% compared to the erstwhile year, but dropped by 0.4% compared to April. Compared to May 2019, abroad trade growth exceeded 20.8%.
- Exports in May increased by 18.1% y/y.
- Imports increased by 39.5%.
The strengthening of the RMB rate against the dollar and the increase in natural materials prices caused the trade balance to fall by 32.1% in May. In the long term, from January to May this year, abroad trade increased by 28.2% compared to the same period of 2020. In the same period, exports increased by 30.1% and imports by 25.9%. The trade balance increased by 56.2% in the first 5 months of the year.
All indications are that this year China will overtake the United States as the largest global exporter and importer. It is assumed that the increase in abroad trade in China in the following months will besides be two-digit. Field: After the pandemic there is simply a strong request for Chinese goods. Despite the strengthening of RMB (only in May by 1.61%) or the increase in natural materials prices. It'll shrink. positive trade balance.
Wind and Sun
National Energy Investment Group Co., Ltd. (国家能源投资集团有限责任公司 ) announced that it intends to install this year 15 million kWh fresh energy from solar farms and wind farms. This is 1.9 times more than in 2020.
The National Energy Group was formed in 2017 from the merger of China GuoDian Group (中国国电集团 – power plant operator) and ShenHua Group Co., Ltd. (神华集团有限责任公司 – coal mines, 1 of the 5 largest coal companies in the country – produces up to 680 million tonnes of coal a year).
Retail
According to the latest study, Nielsen IQ is increasing sales of consumer goods not only on the net, but besides in a conventional form, whose value is expanding faster. In Q1 2021, sales by these 2 main channels increased by 8.5% y/y erstwhile in Q4 2020 the increase was only 3.4%. Online sales in Q1 increased by 14.1%, offline sales by 6.2%. In all consumption, primary goods in retail sales are 40%. Nielsen providesthat by 2025, 65% of all retail sales will be held online and in residential stores located right at the consumer's place of residence. Supermarkets will begin the process of forgetting...
Apple and Chinese batteries
The news has reached the media that US Apple is negotiating with 2 Chinese companies:
- Contemporary Amperex Technology Co., Ltd. – CATL (宁德时代新能源科技股份有限公司) and
- BYD car (比亞迪股份有限公司)
contract for the supply of batteries to electrical cars, the production of which intends to start soon. How will these conversations, which the supplier will be selected in the end, end – we will inform you. For now, Apple's task is surrounded by a dark mystery.
Meanwhile, CATL intends to build a mill in Shanghai close Tesla's giga factory. To be closer to the client. due to the fact that CATL is now a battery supplier for Tesla.
Tesla in May No.1
Tesla ShangHai (特斯拉(上海)有限公司) sold in May this year. 33.400 electrical cars produced by them. The mill had no problems with the supply of components from abroad – most of the parts utilized in production in China come from Chinese suppliers (the cars produced on the American continent are composed of parts from another sources, the Chinese components represent a smaller percent of the total). In this way Tesla defeated local competition and placed first on the list of NEV car manufacturers enjoying the top popularity among Chinese customers. Second place was BYD car (比亞迪股份有限公司). This company sold 32,100 electrical cars in May, a 3rd company, namely SAIC-GM-WuLing Automobile (上汽通用五菱汽车股份有限公司) sold 27,700 cars.
Tesla's first place on the podium was importantly helped by exports. In May the company exported 11,500 pcs of its most popular Model 3. In the full country, 196,000 electrical and hybrid cars were sold in China in May. That's a 6.7% increase in period to month.
ShangHai global Airport Co.
ShangHai Airport Group (上海机场集团) – a company listed on the Shanghai Stock Exchange – joins 2 independent companies managing ShangHai HongQiao airports (上海虹桥国际机场) and ShangHai PuDong (上海浦东国际机场). The company that will be created by the merger of 2 operators will bear the name Shanghai global Airport Co., Ltd. (上海国际机场股份有限公司). The aim of combining forces is to make 1 of the world's largest passenger and freight hubs. And this is the first step leading to the creation of a much larger entity, which from 2025 will besides command airports presently being expanded and built from scratch at NanTong 南通, SuZhou 苏州 and Jiaxing 嘉兴 airports. All these airports will be located within a radius of not more than 100 km from HongQiao Airport. All airports that are to make 1 integrated strategy are run on motorways and high-speed rail connections.
Technologies (技术)
HuaWei Technologies in Berlin
Whoever goes buying on Kurfürstendamm, the celebrated buying street in Berlin, will surely go there to the recently opened HuaWei Technologies Co., Ltd. (华为技术有限公司). This. fifth specified salon Europe. There you can find everything that HuaWei produces in the field of consumer electronics, including smart-home devices. We're not getting HuaWei's cars here yet, but it's most likely a substance of time.
HuaWei and cybersecurity
HuaWei Technologies Co., Ltd. (华为技术有限公司) launched its largest cybersecurity center in its immense R&D centre in DongGuang 东莞 (GunagDong Province). The complex of 20,000 m2 employs more than 200 engineers. The centre will aim to aid safe cyberspace and make the best solutions for HuaWei and users of hardware and corporate tools. This centre is open (in terms of cooperation and the anticipation of utilizing resources) to all state authorities governing cyberspace, to organisations standardising the sector, and to independent institutions controlling online behaviour. This is the seventh specified centre opened by Huawei. First in China.
Children's boat
Tencent Technology Co., Ltd. (腾讯科技有限公司) revealed that he had filed patent application concerning communication application Wechat 微信 in a version intended for usage for children. There is everything children like and need: interactive chat display, voice and video communication, as well as photograph transfer features. The application can be installed in phones, watches, bracelets and another “wearablas”. The WeChat Kids Edition app is almost identical in terms of the appearance of the interface with the first version of this application, which was marketed in 2011.
XiaoMi on the podium
According to the analysis of the American company Gartner in the first 4th of this year XiaoMi (小米) was world's 3rd smartphone manufacturer – after Samsung and Apple.
Xiaomi sold 48.9 million telephone pieces during this period and covered 12.9% of the global marketplace share, while recording an increase in sales by 65% y/y. The next place in the ranking of the biggest telephone producers took... Vivo, Oppo and an eternal rival – HuaWei. The second was powerfully affected by US sanctions and cut off from parts and components produced on the basis of American technology. I wonder if and erstwhile akin sanctions will affect another Chinese producers. They are all based on components from the same suppliers from China, Japan, Taiwan, South Korea, the Netherlands and the USA.
Working time
New order for working time In Tencent Holding (腾讯控股), it became a “hot” subject not only in social media. The company announced that:
- applicable all working hours: from 09:30 to 18:00. After 6:00 p.m., all employees are obliged to leave the office;
- Wednesday is simply a day of wellness – that day there will be a break to relax, exercise;
- on weekends and holidays, on public holidays, no work to be carried out on holidays may be designated for workers;
- overtime is meant to be an exception, not a rule. They must not be more than 10% of the hours worked per week. Workers cannot work overtime for 2 days in a row, especially on the weekend.
Finance – Banks – Capital (财政–银行–资本)
Exchanges
A good comparatively week for Taiwanese indexes, in Shanghai, Shenzhen and Hong Kong things were worse. On all stock exchanges, hesitation and uncertainty, nervousness. Most of them lost shares of defence companies, banks, funds, communications. The acquired shares of companies producing energy equipment, car parts and cars, the increase in natural materials prices made the mines gain value. Decent turnover technology companies. Stock exchanges are dominated by “hot” money and a tendency to make fast profits. Exchange turnover in Shanghai and Shenzhen is increasing, frequently exceeding the regular turnover of 1 trillion RMB (~580.82 billion PLN). Meanwhile, trading on the Hong Kong stock exchange for over 2 months cannot scope its almost conventional minimum level of HK$ 200 billion (~96 billion PLN). There's no shortage of capital. But this 1 flows to mainland China. fresh energy companies are not losing their popularity.
Average course
Selected abroad currencies to RMB (11.06.2021 at 6 p.m.)
SHIBOR/HIBOR
上海银行间同业拆放利率 SHIBOR 香港银行间同业拆借利率 HIBOR. Both indices set interest rates on loans offered on the interbank marketplace in Shanghai and XiangGang (Hong Kong). They inform us not only about the situation on the money market, but besides about the availability of credit. And these drive both the economy and consumption. {Data on 11.06.2021♪ I'll be there ♪
Average lending interest rate
Developed by National Interbank Lending Center (国银行间同业拆借中心) belonging to the Central People's Bank of China (中国人民银行) on the basis of information from 18 banks. It is simply a mention for all banks to find the amount of loans.
1 year 3.85%
5 years + 4.65%
Tax bonds
Foreign reserves
According to the information of the State Administration for Exchange of abroad Currency (国家外汇管理局) at the end of May, China's abroad exchange reserves reached value 3.222 trillion US$ (~11.824 trillion PLN). This is simply a re-growth in the period to period ratio, this time by 0.74%.
In May, the US dollar lost 1.6% to RMB, the euro gained 1.7%, and the British pound 2.8%.
ShangHai Stock Exchange No.1
ShangHai Stock Exchange (SSE) (上海证券交易所) in 2020 was the world's number 1 in terms of IPO quantity (Prime Minister of Stock Exchange) and the size of the capital raised by the debutees. As calculated by the planet Federation of Exchanges last year, 233 companies entered the Shanghai Stock Exchange, which totalled RMB 347.7 billion (~PLN199.756 billion). This is an 89% increase compared to 2019. At the end of 2020 there were 1,800 companies with marketplace value of 45.5 trillion RMB (~26.142 trillion PLN). On this stock exchange are listed bonds of the central government, local, bonds of companies with a full value of 13.24 trillion RMB (~7.607 trillion PLN). This is an increase of 31% y/y. The bonds listed here represent 11.5% of the full Chinese bond market. In Shanghai, there are besides 373 funds with marketplace value of RMB 932.9 billion (~53.599 billion PLN), the turnover of which amounted to 10.8 trillion RMB (~6.206 billion PLN).
Digital RMB/HK$
Hong Kong Monetary Authority (香港金融管理局) – the counterpart of the central bank in this autonomous region – announced a plan for the improvement of financial technology by 2025. The most crucial point on which the institution is working together with the Central People's Bank of China (中国人民银行) and the Institute of Digital Currency of the People's Bank of China (中国人民银行数字货币研究所) is the task to introduce, in the next 12 months, the retail and wholesale digital RMB (人民币数字货币e-RMB). In parallel, work will be carried out on the digital form of the Hong Kong dollar (港元数字货币 e-HKD). The second task is crucial in a broader context: HK$ is linked to the US dollar.
Hong Kong Monetary Authority (香港金融管理局) plans to make HongKong Digital Currency Academy (香港数字货币研究院), where appropriate competences will be acquired and developed by staff essential for the implementation of fintech programs and the digitisation of finance.
Society (社会)
The toilet cd revolution.
The Ministry of Transport (交通部) has published a peculiar action plan to deepen the scope of the "rooming revolution" in service centres At the highways. This is simply a consequence to the needs of travellers who request an increase in the standard of sanitary facilities available in specified places. The plan includes 10 tasks including:
- fixing peaks of usage in the car parks,
- increasing their number appropriately,
- improving the quality of sanitary facilities,
- provision of toilets for disabled persons,
- strengthening toilet management (service and maintenance)
- more efficient maintenance of cleanliness,
- the introduction of innovative management.
The number of parking spaces with toilets is expected to increase. Final decisions will be taken following appropriate measurements and statistical surveys.
The toilet on the highways is to be adequate so that during periods of increased traffic (weekends, holidays) the number of people waiting to usage the toilet does not exceed 2 people. Therefore, the number of women's toilets will be increased. In the ratio of 2 women's toilets to 1 men's toilet.
“The Toilet Revolution” – a run to rise the standard and hygiene of public toilets in China was launched by president Xi Jin Ping in November 2017.
Metro for 100th anniversary of KPCH
The anniversary of the founding of the KPC is coming to a milestone. On this occasion, public transport, including metro, surpasses in installing Christmas decorations. For example, in Shanghai, the cars of the most popular metro lines (1, 2 and 4) were decorated with anniversary posters, stickers and pendants utilizing each part of free space. Free, but besides worthy to put any information on events in KPC history. More and more of this kind of decoration appears on subsequent stations. Each metro journey will become a reason to learn the past of the Communist organization of China. There's no escape since the anniversary.
Football – salaries
China Football Union (中国足球协会) announced the advanced limit of the pay of footballers of the Extraclass in the 2021–2022 season. The maximum permitted remuneration of the national footballer is RMB 6 million (£3.447 million) per year. For a abroad player: 5 million US$ (~18.346 million PLN) for the season. The maximum prize pool for local footballers from 1 squad shall not exceed RMB 44 million (~PLN 25.279 million).
KPCh or Communist organization of China (中国共产党)
Organisational Department of the Central Committee KPCH (中国共产党中央委员会组织部) will allocate RMB 395 million (~226.943 million PLN) from organization contributions to aid all organization veterans, heroes of the fight for freedom, organization members who have found themselves in a hard material situation, members of the disabled and their families, as well as families of those members who died doing their duties or at the station. no of them can be forgotten and stay without the aid of the organization.
HongKong 香港– Macau 澳门 – Taiwan 台湾
HongKong
Parking included
There's... records going on in this town again. This time it's about the price of the parking space in the underground garage. On Mount Nicholson settlement, 12.5 m2 was paid in the past week for the site. HK$ 10.2 million (PLN 5.824 million)Which makes them the most costly parking place in the world.
Mount Nicholson SettlementThe erstwhile evidence was besides established in Hong Kong. In 2019, 7.6 million HK$ (~3.59 million PLN) was paid here for 12.5 m2 of “envelope” in the underground garage. According to local regulations, the owner of the flat in a given building is entitled to acquisition 1.5 parking spaces (auto plus motorbike). But if there are 2 cars in the household... Then, either you gotta have 2 apartments, or you gotta look for those willing to leave the parking space.
Taiwan
Eleven months in a row in May this year there was an increase in exports. This time by 38.6% y/y exports to mainland China increased by 29.5% reaching value 15.69 billion US$ (~57.58 billion PLN). This represents 41.9% of all Taiwanese exports. Imports from China reached the value of 7.36 billion US$ in May (~27.89 billion PLN), which means an increase of 33.4% y/y and represents 23.6 % of Taiwanese imports.
China – planet (中国-世界)
European business in China
European Union Chamber of Commerce in China published the results of the yearly survey conducted among 585 members of the home and European companies operating in China on the Chinese business environment, trust (to authorities, legal realities, etc.) and intentions for the future.
- 60% of the companies surveyed plan to grow in 2021, increase investment and decision supply chains to... Chin.
- 50% of respondents stated that their profit margins in China are higher than their global average.
- The majority of respondents pointed out that the fast halting of the spread of the virus and the reopening of the economy at the beginning of last year made the country the main driver of global growth in 2020, and consequently was a lifeline for European companies.
- 73% of the companies surveyed had profits from their operations in China, 14% "out of zero".
- 68% of the replies are optimistic about the future, 20% more than in the survey in 2020.
- 9% consider or plan to change the supply chain and transfer investment to another country. European companies in a joint venture (companies with Chinese partners) increase their shares in them. 2/3 of them took over entirely the ownership of the company or the controlling interest.
- 45% of respondents emphasise the existence of barriers to access to the interior market.
- 47% study unequal treatment with national economical operators.
- 16% of the surveyed companies have stated that they are forced to transfer technology to keep marketplace access, although this is prohibited by local law on abroad investment.
Despite this, investment enthusiasm and the long-term will to place production in China is not weakening.
Hungary says NO
Hungary is becoming the most active typical of China's interests in the European Union. Now. for the 3rd time Reported veto and blocked the effort by the Union to adopt a resolution condemning the action of the Chinese government in Hong Kong. Prime Minister Victor Orban points out that even if the Union 100 more times. it will vote on the draft specified resolution, and Hungary will veto it all time. This resolution, as well as any another resolution by the European Union in China. Hungary is opposed to any sanctions against you Middle, calling them arrogant and harmful, making the Union a ‘paper tiger’. Hungary opposes the return of the Cold War policy, dividing the planet into 2 opposing camps.
New railway connection JinHua – Budapest
On June 7, this year, a direct freight rail connection between JinHua 金华 (ZheJiang 浙江) and Budapest was launched. The train is going to take that route. in 18 days.
Author: 梁安基 Andrzej Z. Liang, 上海 Shanghai, 中国 China
Email: [email protected]
Editorial: Leszek B.
Email: [email protected]
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