Data release
The Ministry of Finance recently released in advance a number of ecological environment treatment fund budgets for 2022, including a water pollution prevention and control fund budget of 18 billion yuan, to support water pollution prevention and control and water ecological environment protection; In 2022, the air pollution prevention and control fund budget is 20.7 billion yuan, which is used to support the work related to pollution reduction and carbon reduction, as well as other fund budgets, totaling 65 billion yuan. (Ministry of Finance)
Comments: it can be seen from the budget of a number of ecological environment treatment funds for 2022 issued by the Ministry of finance that the prevention and control of air pollution is the focus, and the budget amount is as high as 20.7 billion yuan. With the establishment of the goal of carbon peak and carbon neutralization, China’s atmospheric governance needs to be solved urgently.
The release of the budget of ecological environment treatment funds will help to promote the continuous optimization and adjustment of industrial structure and energy structure, so as to promote the continuous improvement of national ambient air quality. We will support carbon peaking and carbon neutralization. With the strong support of fiscal policies, we will further support the development of renewable energy such as wind power and photovoltaic and the exploitation and utilization of unconventional natural gas, and increase the supply of renewable and clean energy.
Key macro dynamics
1. Zhou Yanli, former vice chairman of CIRC, said at the 18th global annual meeting of the international financial forum that the scale of China’s digital economy increased from 2.6 trillion yuan in 2005 to 39.2 trillion yuan in 2020. In 2020, China’s digital economy accounted for 38.6% of the gross national economy, ranking second in the world; It is estimated that by 2025, the digital economy will account for more than 50% of China’s GDP. （ Wind）
2. International Financial Forum When attending the 18th global annual meeting of the international financial forum, Huang Qifan, chairman of the academic committee of (IFF), pointed out that at present, the proportion of disposable income of Chinese residents in GDP is about 42%; it is expected to rise to 50% by 2030 and 52% after 2035. In this process, with the increase of disposable income of residents, it is expected that 400 million middle-income groups will increase by 2035 Up to 800 million, 600 million low-income groups will be halved, and the consumption capacity of domestic demand will be greatly improved. （ Wind）
Risk tips: Overseas epidemic situation exceeds the expected fluctuation risk and monetary policy change.
