China Economic Information Network

China’s achievements have delighted the world

While the international financial crisis and economic recession continue,

China's economy has achieved amazing and hard-won good results: in the first half of this year, GDP grew by 7.1%, investment growth continued to accelerate, consumption grew steadily and rapidly, and domestic demand The driving effect on economic growth continues to increase, fiscal

and financial risks have been effectively controlled, bank asset quality and risk resistance capabilities have improved, and 6.66 million new urban jobs were created in the first seven months

The income of urban and rural residents has increased... This is the result of China's insistence on proactive fiscal policies and moderately loose monetary policies, and the implementation of a package plan to deal with the international financial crisis.

The Asian giant's packages have stabilized world markets and contributed to the recent recovery in Asia, Europe and the United States.

China’s voice brings confidence to the world

Chinese leaders have advocated on various international occasions that all countries should strengthen confidence, work together and overcome difficulties in an independent way, which has been widely recognized.

The international community recognizes that at the G20 Summit, an important and effective platform for the international community to cooperate in responding to the financial crisis and strengthening global economic governance

China has contributed to the two summits that have been held. The summit played an important role in achieving positive results.

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In the second half of 2008, with the spread of the international financial crisis

around the world, my country's economic situation became increasingly severe. Due to the shrinking of the global market, my country's foreign trade export volume has plummeted

, and the economic growth rate has declined. A series of employment and people's livelihood problems have also begun to emerge. China's economy has entered the most difficult year since the new century. Faced with the huge impact of the international financial crisis, at the end of 2008 and the beginning of 2009, the central government launched a series of economic stimulus measures centered on "maintaining growth,

expanding domestic demand, adjusting structure, and benefiting people's livelihood." and strategic structural adjustment timely and effectively curbed the downward trend of the national economy and finally opened the door to recovery.

According to statistics from the National Bureau of Statistics, domestic fixed asset investment has maintained rapid growth in 2009. From January to November, urban fixed asset investment

was 16.8634 billion yuan, a year-on-year increase of 32.1%. An increase of 5.3 percentage points from the same period last year. Foreign trade, which has been most affected by the international financial crisis, has also begun to gradually pick up, and the decline in total foreign trade imports and exports has continued to narrow. The trend has been very obvious. Similarly,

driven by many policies to stimulate domestic demand such as bringing home appliances to the countryside, car purchase tax exemptions, preferential real estate policies, and trade-in of home appliances, household consumption in 2009 went out of the A beautiful growth curve provides strong support for China's economy to stabilize and develop.

The growth rate of urban fixed asset investment in the first half of 2009 was truly astonishing. In June alone

the monthly investment amount reached 2,457.8 billion yuan, approximately twice the monthly average in 2008 . Entering the second half of the year, investment growth fluctuated in a zigzag manner, but overall it still maintained a rapid growth rate.

On December 11, the National Bureau of Statistics released data showing that from January to November, urban fixed asset investment was 16.8634 billion yuan, a year-on-year increase of 32.1%. Among them, state-owned and state-controlled investment was 7,353.5 billion yuan, a year-on-year increase of 37.8%; real estate development investment was 3,127.1 billion yuan, a year-on-year increase of 17.8%.

Judging from the year-on-year growth rate, fiscal revenue has turned from falling to rising since May 2009, and has grown rapidly.

In 2009, China's economy rebounded beyond expectations.

The National Bureau of Statistics announced

In the first quarter of this year, the overall economic situation has been stabilized, and a stabilizing and recovering trend has initially taken shape. In the second quarter, the Bureau of Statistics analyzed

that production growth picked up steadily, domestic demand growth accelerated, economic structural adjustment was actively promoted, and people's livelihood continued to improve.

In the third quarter, China's economic recovery was better than expected. There is no need to worry too much about the task of maintaining growth, and it has begun to shift from accelerated growth to steady growth. "The GDP growth rate of 8.9% in the third quarter has not reached the level before the financial crisis. It is a recovery rate." National Bureau of Statistics PMI has been recovering steadily. Returning to normal levels

The Manufacturing Purchasing Managers Index (PMI), which marked the prosperity of the manufacturing industry in 2009, has rebounded rapidly, from a historical low of 38 in November 2008. 8% rose to 55.2% in November 2009, exceeding the critical value of 50% for nine consecutive months. The manufacturing PMI basically shows the V-shaped recovery trend of China's economy during the financial crisis.

CPI turns positive, retail industry recovers

2009-12-31 15:02:22

Retail industry continues to grow in the fourth quarter of 2009

< p> There is no doubt that the trend is long. Statistics show that the total retail sales of consumer goods has maintained steady and rapid growth. From January to November 2009, the country's total retail sales of consumer goods reached 11.27 trillion yuan, a year-on-year increase of 15.3%, which was the same as the previous 10 months. If price factors are deducted, the cumulative actual growth rate is 16.9%, 2.2 percentage points higher than the same period last year.

Source: Zhongcai.com

-12-30 14:14:41 China’s industrial profits increased by 7.8% in the first 11 months before turning from falling to rising

2009- 12-29 14:21:04

Data released by the National Bureau of Statistics on the 28th showed that China’s industrial enterprises above designated size achieved profits in the first 11 months

A year-on-year increase of 7.8%, In the first eight months, it fell by 10.6%.

Source: Xinhuanet

Website of the Ministry of Industry and Information Technology (Securities Star)

Industry insiders: Under the impact of the financial crisis, the global automobile industry has After falling, China's automobile market bucked the trend and grew, becoming a rare exception. According to incomplete statistics, from January to November 2009, my country's automobile production and sales exceeded 12 million units, and the total for the whole year will exceed 13 million units. So far, China has surpassed the United States and Japan to become the world's largest automobile producer and largest automobile consumer market.

This is first of all the result of the national policy to stimulate consumption. The policy of bringing cars to the countryside and the national policy of encouraging the consumption of small-displacement passenger cars have stimulated explosive growth in sales.

According to data from the China Tourism Academy, in October this year, outbound travel by Chinese citizens increased by more than 11% year-on-year.

Travel by mainland residents to Taiwan maintained a strong growth of more than 150%. my country's outstanding performance in the crisis has laid the foundation for the tourism industry to quickly get out of the trough, [][29] Source: Xinhuanet

In the first 11 months, the cumulative volume of my country's telecommunications business was 2,333.62 billion yuan

2009-12-29 09:09:15

According to the latest data from the Ministry of Industry and Information Technology, from January to November 2009, the total volume of national telecommunications business was completed

23336.2 billion, an increase of 14.1% over the same period last year; the cumulative revenue of telecommunications main business reached 7.6922 billion yuan, an increase of 3.6% over the same period last year.

From January to November, the country had a cumulative net increase of 75.25 million telephone users, bringing the total to 10,568

55,000.

In November, the number of mobile phone users nationwide increased by 9.033 million. From January to November, the cumulative number of mobile phone users increased by 97.324 million, reaching 738.570 million.

Source: China Securities Network

State-owned Assets Supervision and Administration Commission: Central enterprises are expected to earn 750 billion this year

2009-12-29 09:09:15

< p> From January to November, central enterprises achieved a cumulative operating income of 11.1 trillion yuan, a year-on-year increase of 3.4%, and a profit of 710.96 billion yuan, a year-on-year increase of 3.4%. It is expected that the entire The annual operating income is 12 trillion yuan, and the realized profit is 750 billion yuan.

Source: China Securities Network

National Bureau of Statistics: The overall progress of building a moderately prosperous society in an all-round way has reached 74.6%

2009-12-28 13:54:58

Monitoring by the Institute of Statistical Science of the National Bureau of Statistics shows that my country’s overall progress in building a moderately prosperous society in an all-round way increased from 72.7% in 2007 to 74.6% in 2008. But regional disparities remain.

In 2009, the central government’s investment in supporting agriculture hit a new high of 716.14 billion

2009-12-28 13:54:57

In 2009, the financial department conscientiously implemented We implemented the national policy of strengthening agriculture and benefiting farmers, actively adjusted and optimized the expenditure structure

, and the scale of investment in "agriculture, rural areas and farmers" reached a record high. The central fiscal budget arranged for "agriculture, rural areas and farmers" expenditures to reach 716.14 billion yuan

, an increase of 120.59 billion yuan over the previous year. Local finances have also continued to increase investment to consolidate the agricultural foundation and promote

It has played an important role in promoting rural economic and social development and continuing to increase farmers' income.

Increase subsidies to benefit farmers and ensure the effective supply of major agricultural products. The central government arranged four subsidies of 123.08 billion yuan in direct grain subsidies, comprehensive subsidies for agricultural inputs, subsidies for improved seeds, and subsidies for the purchase of agricultural machinery and equipment, an increase of 19.0% over the previous year.

4%. Among them, direct grain subsidies were 15.1 billion yuan; comprehensive subsidies for agricultural materials were 79.5 billion yuan, an increase of 11% over the previous year.

At the same time, the dynamic adjustment mechanism for comprehensive agricultural materials subsidies was further improved; agricultural machinery purchase subsidies were 13 billion yuan. Growth 2.

25 times, the types of subsidies have been expanded from 9 to 12 categories, and the scope of subsidies covers all agricultural and animal husbandry counties across the country; agricultural

subsidy for improved crop seeds is 15.48 billion yuan. An increase of 25.4%. Subsidies for improved seeds of rice, wheat, corn and cotton have been fully covered throughout the country. Subsidies for improved soybeans have been fully covered in the Northeast region. Launch a pilot subsidy policy for potato original seeds and implement a subsidy policy for improved livestock and poultry seeds. Support a substantial increase in the minimum purchase price of grain.

Source: Securities Star

China is very likely to surpass Germany this year and become the world’s largest export country

2009-12-28 08:59:45 < /p>

Although China's foreign trade situation this year is extremely difficult, it has still successfully achieved the goal of "guaranteing the market and maintaining shares

". Last year, China's export share of the international market was 8.86%, and this year it will exceed 9%.

Source: Xinhuanet

Academy of Social Sciences: The global economic growth rate this year will be negative 1.1%

2009-12-24 15:20:36

The growth rate of developed countries has declined faster, with a growth rate of negative 3.4% this year.

Among them, China’s contribution is 8.5%. China has made a huge contribution to the entire world economy,

especially the growth rate of developing economies.

Source: China News Network

China M&A Stories in 2009

2009-12-18 09:04:23

PetroChina Acquisition Australian Natural Gas Company

Yanzhou Coal Mining Company acquires Australian Mining Company

Geely acquires Volvo

Huaneng bids US$1 billion for 51% stake in Indonesian coal company

CNOOC and Sinopec purchased Angola oil fields for US$1.3 billion

China Nonferrous Metals purchased 19.9% ??stake in Incharate Gold on September 1

CNPC acquired 49% stake in Osaka Refinery in September 1st

Chinese capital entered the market strongly to bid for Opel and Porsche on September 1st

CIC acquired shares of Canadian mining company for US$1.5 billion on September 1st

PetroChina and BP won the bid for the Iraqi oil field on September 1

China National Petroleum Corporation plans to purchase the trademark rights of Pierre Cardin in China

Sichuan Tengzhong acquired Hummer on September 1

< p> PetroChina completed the acquisition of shares in Singapore Petroleum Company on September 1

Minmetals purchased OZ Mining for US$1.386 billion

China's M&A transaction volume in the first 11 months was US$28.2 billion, and nearly half of its overseas M&A

In the first 11 months, cross-border M&A*** in China’s M&A market completed 61 transactions, with a disclosed transaction amount of US$15.1 billion, of which the total number of overseas mergers and acquisitions by Chinese-funded enterprises reached 13.3 billion US dollars. billion, accounting for 88%.

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[29]

Source: NetEase

The annual retail sales of accommodation and catering companies nationwide reached 1.5404 billion yuan

p>

2009-11-30 14:39:12

China Hotel Industry Purchasing and Supply Association: There are currently nearly 300,000 accommodation companies of various types and nearly 450 catering companies in the country

< p>Wanjia, annual retail sales reached 1.5404 billion yuan. According to statistics, more than 1,500 new hotels are built across the country every year, with a total investment of more than 400 billion yuan.

Source: NetEase

China currently faces more opportunities than challenges

2009-12-16 08:56:41

Current International The situation is ups and downs and unpredictable. Various forces from around the world are on the stage, intensifying their competition. Countries are busy

striving to stabilize and rebound their economies as soon as possible and plan for the post-international financial crisis era, striving to occupy a favorable position

on the international stage. The world is in the midst of great development, great changes, and great adjustments. Under this situation, China is facing unprecedented opportunities and challenges. Overall, the opportunities outweigh the challenges.

China is facing five major opportunities

First, enhance its international status and improve its external image.

Second, expand and deepen the field of foreign economic cooperation.

Third, expand the diplomatic field and increase the international voice.

Fourth, develop a low-carbon economy and accelerate the construction of ecological civilization.

Fifth, promote the internationalization of the RMB.

China also faces five major challenges

First, the international financial crisis is not over.

Second, various international forces restrict China.

Third, unstable factors in the surrounding environment have increased.

Fourth, the pressure of international responsibilities has increased.

Fifth, the biggest challenge is the Chinese people themselves.

Source: China Economic Times