China's economic hot spot scanning
On November 2, the national Standing Committee demanded that we focus on the needs of market players, the concerns of the masses and make good use of government funds
On October 2, the executive meeting of the State Council was held to focus on the needs of market subjects, people's concerns and making good use of government funds. The meeting required all localities and departments to pay close attention to the implementation of established policies and supervise the rectification of problems found, be accountable according to law and regulations, ensure the rectification in place, further enhance the pertinence and effectiveness of work, and maintain the economic operation within a reasonable range. First, we should effectively help market players to rescue and solve difficulties; Second, we should strive to resolve the pain points of people's livelihood; Third, we should standardize and make effective use of government public expenditure. Put an end to the "face" project, pay attention to the "lining" construction, and use valuable financial funds to support market players and ensure basic people's livelihood.
Link: http://www.gov.cn./premier/2021-11/03/content5648700.htm
On November 7, the import and export data were released: the export continued to grow at a high rate, but the follow-up may be under pressure
In October, the import and export volume was US $515.9 billion, a year-on-year increase of 24.3%, of which the export was US $300.2 billion, a year-on-year increase of 27.1%, and the import was US $215.68 billion, a year-on-year increase of 20.6%. The import and export volume fell slightly compared with the previous month, realizing a trade surplus of US $84.54 billion, an increase of US $17.78 billion compared with the previous month, reaching a monthly high. There are three main reasons for the sustained high growth of export volume in October: first, the continuous rise of export prices drives the growth of export volume; Second, the continuous release of pre holiday stock demand in Europe and the United States; Third, although the impact of the overseas epidemic has weakened, the impact is still continuing, and the export of epidemic related products is still strong. In October, affected by the slowdown of China's economic recovery, the import volume of bulk commodities continued the previous downward trend. Although the prices of major bulk commodities other than oil mainly decreased, they remained at a high level as a whole. In addition, the continuous rise of shipping costs also put great pressure on imports. On the whole, imports still maintained a high growth rate under the influence of prices.
Link: http://www.customs.gov.cn./customs/302249/zfxxgk/2799825/302274/302275/index.html
On November 10, the financial data released that the demand for entity financing was weak and continued
In October, social finance increased by 1.59 trillion yuan, an increase of 1.31 trillion yuan less than the previous month under the influence of seasonal factors, but an increase of 19.1 billion yuan more than the same period last year. The stock of social finance increased by 10% year-on-year, unchanged from the previous month. The strict supervision of urban investment and real estate has a certain drag on the year-on-year weakening of the net financing amount of bonds: in October, the net financing amount of real estate credit bonds continued to be depressed, and the net financing amount of urban investment bonds decreased by 73.1 billion yuan year-on-year. Under the background of centralized issuance of local government special bonds, new government bond financing increased year-on-year in October. In October, M2 increased by 8.7% year-on-year, an increase of 0.4 percentage points over the previous month; The year-on-year growth of M1 fell by 0.9 percentage points to 2.8%, the m2-m1 scissors gap further widened, and the activity of the real economy remained relatively weak.
Link: http://www.pbc.gov.cn./goutongjiaoliu/113456/113469/4385736/index.html
