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Troika "new kinetic energy" stimulates China's economy to "tiger and tiger angry"

author:China Youth Network

Shanghai, 21 Jan (Xinhua) -- In 2022, in the face of multiple difficulties and challenges, how can China's economy grasp the "stability" of the basic disk on the one hand and the "advance" of new momentum on the other, so that the "troika" of investment, consumption and export can stimulate "tigers and tigers to be angry" in the process of recognizing changes and seeking changes.

The development of green digitalization is accelerating

Spring River Plumbing Duck Prophet. As a market player, which tracks are enterprises interested in?

Green and low-carbon investment is very "beautiful". According to Tianyancha data, from January to November 2021, more than 89,000 new photovoltaic-related enterprises were added to the mainland, an increase of 71.4% year-on-year. There were more than 10,000 new wind power-related enterprises, an increase of 61.5% year-on-year。 According to data from the China Association of Automobile Manufacturers, the production and sales of new energy vehicles in mainland China reached 3.545 million units and 3.521 million units in 2021, respectively, an increase of 1.6 times year-on-year.

Troika "new kinetic energy" stimulates China's economy to "tiger and tiger angry"

Power workers inspect a photovoltaic power station near Beiyanggou Village in Beitanzhuang Township, Lingshou County, Shijiazhuang City, on January 5 (drone photo). Photo by Xinhua News Agency reporter Yang Shiyao

The digital economy is booming. Taking the digital transformation of infrastructure cloud computing as an example, Tianyancha data shows that from January to November 2021, more than 86,000 cloud-related enterprises were added to the mainland, and it is the general trend for enterprises to "go to the cloud". The recently issued "14th Five-Year Plan for the Development of the Digital Economy" proposes that by 2025, the added value of the core industries of the mainland's digital economy should account for 10% of GDP.

"Green and low-carbon development and digital transformation are the global consensus." Li Yi, executive director of the Green Digital Development Research Center of the Shanghai Academy of Social Sciences, said that the two you have me, I have you, and only by deep integration and mutual promotion can we drive the change of production, life and governance.

There are many points to see in the new type of consumption

In 2022, while continuing to do a good job in normalizing epidemic prevention and control, the mainland will strengthen the "six stability" and "six guarantees", which will provide strong stamina for consumption growth.

With the development of new technologies such as 5G and VR, new consumption growth points are emerging. Many experts expect that the form and scale of new consumption will further accelerate in 2022.

Taking the hot ice and snow consumption of the Winter Olympics as an example, the "China Ice and Snow Tourism Development Report (2022)" released by the China Tourism Research Institute shows that the number of ice and snow leisure tourists in the country has increased from 170 million in the ice and snow season from 2016 to 2017 to 254 million in the ice and snow season from 2020 to 2021, and it is expected that the number of ice and snow leisure tourists on the mainland will exceed 300 million in the 2021 to 2022 ice and snow season.

Troika "new kinetic energy" stimulates China's economy to "tiger and tiger angry"

Snow and ice lovers play a snowball match on January 18th. On the same day, a snow fun games with the theme of "Happy Winter Olympics" was held in The Tieshan Temple Ski Resort in Xuyi County, Huai'an City, Jiangsu Province, and more than 100 ice and snow lovers participated in snow tug-of-war, snow racing, snow football and other sports to feel the fun brought by ice and snow sports. Photo by Xinhua News Agency reporter Li Bo

According to data from the National Bureau of Statistics, the per capita disposable income of rural residents on the mainland in 2021 will increase by 9.7% over the previous year, which is 2.6 percentage points higher than the growth rate of urban residents' income, and the trend of consumption sinking will be more obvious.

"With the gradual control of the epidemic, consumption such as tourism, catering, and aviation will be gradually repaired, and measures such as consumption subsidies and cars going to the countryside will also improve consumption willingness." Consumption is expected to grow in a restorative manner in 2022. Tang Jianwei, chief researcher of the Financial Research Center of the Bank of Communications, said.

RCEP resonates with free trade zones and free trade ports

The RCEP (Regional Comprehensive Economic Partnership Agreement) came into effect on January 1 this year, and 15 member countries, including China, formed the world's largest free trade area. Under the agreement, more than 90 per cent of trade in goods between approved member states will eventually achieve zero tariffs.

"The most direct effect is to make imported products more affordable and convenient." The head of Health Company, a subsidiary of Orient International Group, said that the company recently imported nearly $4 million of dairy products from New Zealand, making consumers feel the cost reduction dividend brought about by the preferential RCEP tax rate.

Troika "new kinetic energy" stimulates China's economy to "tiger and tiger angry"

A large number of export commercial vehicles assemble at Yantai Port in Shandong Province, waiting to be loaded on the ship (drone photo taken on December 7, 2021). Xinhua News Agency (Photo by Tang Ke)

The data provided by the smart logistics platform Cainiao Network shows that logistics companies are building high-speed channels for RCEP business. The Southeast Asia Express service launched by Cainiao has basically realized the "72-hour delivery" in many southeast Asian countries, speeding up the cross-border logistics timeliness by nearly 50%. The first Kuala Lumpur-Shenzhen cross-border fresh line, which opened in December last year, can deliver Malaysian specialties such as blackspoon, "Musang King" durian and grouper from Kuala Lumpur to Chinese consumers in four hours.

"Many provinces on the mainland have established free trade zones or free trade ports. In the next stage, we can combine their respective resource endowments and comparative advantages, actively dock with neighboring countries in the RCEP region, and introduce a free trade port construction plan with distinctive characteristics to promote the development of the regional economy at a higher level and at a higher level. Zhang Ming, director of the International Investment Research Office of the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, said.

Source: Xinhua News Agency

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