<h4>Financial highlights</h4>
The World Bank raised its 2021 China economic growth forecast
The World Bank's latest Edition of the East Asia and Pacific Economics Semi-Annual Report on Tuesday raised China's economic growth forecast to 8.5 percent in 2021 from 8.1 percent in April, and east Asia and the Pacific (excluding China) to 2.5 percent from 4.4 percent in April.
Sunac China denied seeking help from the government
On September 28, Sunac China's WeChat public account issued a statement saying that it had never submitted a "help" report to the government, and the project leader wanted to seek support for the online signature problem of the projects on sale in Shaoxing, and initially sorted out the relevant text, which led to information leakage due to misdirection. "There has never been, and there is no need or willingness to submit a similar (request for help) report to the government." Sunac China said that Sunac Group's project construction and operation nationwide are normal and sales are good, and it has achieved contract sales of 415.1 billion yuan from January to August, an increase of 33% year-on-year, and the overall operation of the group is healthy.
The State Grid said the capital had an abundant power supply
The State Grid Beijing Electric Power Weibo released a statement saying that the information on the planned power outage arrangement recently disseminated by the network is a routine routine maintenance, the purpose of which is mainly to carry out daily equipment maintenance and operation and power grid upgrading and transformation to ensure the safe and reliable operation of the capital power grid. At present, the capital power grid is well supplied, smooth and orderly, ensuring that the city's electricity demand can be met.
Jilin Province plans to step up the promotion of russian coal and other foreign mining plans
According to the WeChat public account of the "Jilin Provincial People's Government Network", Han Jun, governor of Jilin Province, stressed during the investigation and investigation of some heating and power generation enterprises and power companies on coal supply and power supply stability that we should strive for more import indicators and pay close attention to promoting the external mining plans of Russian coal, Indonesian coal, and Mongolian coal; self-producing coal enterprises should be stationed in mines in special shifts, and under the premise of ensuring production safety, they can open up to the fullest extent, exert full horsepower, and release production capacity. At the same time, we will speed up the construction of coal storage bases and promote the quality and quantity of reserve coal to meet the standards as soon as possible.
The Interim Regulations on the Administration of Carbon Emissions Trading are expected to be issued by the end of the year
According to 21 Finance, Bin Hui, deputy general manager of the Shanghai Environment and Energy Exchange, said that according to the work process of relevant departments, the Interim Regulations on the Management of Carbon Emissions Trading may be passed before the end of the year, and some key issues such as more detailed penalties are still under study. He also mentioned that after electricity was included in the carbon trading market as the first batch of industries, building materials, nonferrous metals and other industries are expected to be included in the carbon trading market next year. In the future, steel, chemical, aviation and other industries will also be included.
Alibaba responded to its App access to WeChat Pay
According to China News Network, it has recently been reported that Ali's Ele.me, Youku, Damai, Koala Hai shopping, Shuqi and other applications have been connected to WeChat Pay. A few days ago, Apps such as Taote, Idle Fish, and Hema have also applied for access to WeChat Pay and are waiting for WeChat review. Alibaba said on Tuesday that the news that its apps are gradually accessing WeChat Pay is true. Alibaba said it will continue to work with other platforms to face the future and move in the same direction.
National Day Golden Week short tour becomes the first choice
Meituan released the National Day tourism consumption trend forecast data on Tuesday, saying that this year's National Day Golden Week consumption trend may be different from previous years, the growth rate of provincial tourism is expected to be higher than that of provincial tourism, and peripheral tours and short-distance tours will become the first choice for people to travel. Meituan App booking and search and other related data show that the number of people intending to travel during this year's National Day Golden Week increased by 49% compared with the 2020 National Day Golden Week, of which the number of people intending to travel in the province increased by 64% year-on-year, and the number of people intending to travel out of the province increased by 44% year-on-year.
<h4>Financial perspective</h4>
Wang Yiming: The return of the economy to normalcy is facing challenges
Wang Yiming, vice chairman of the China Center for International Economic Exchanges and former deputy director of the National Development Research Center, said a few days ago that in the third quarter, China's main economic indicators slowed down due to the weakening of the base effect and the rebound of the new crown epidemic in local areas, flood disasters and other factors. The lagging effect of the slowdown in indicators such as total retail sales of consumer goods and national fixed assets may continue into the fourth quarter, and if the epidemic is spread again, the economic growth rate will be further affected. At present, the momentum of China's economic recovery has weakened, and the return of the economy to normal is facing challenges. In this regard, he called for increasing financial support, accelerating the progress of local bond issuance and use, and at the same time providing credit support to key areas such as small and medium-sized enterprises.
Related reports: Wang Yiming: The return of the economy to normal is facing challenges, and financial support is increased to stabilize growth
Zhu He: Production costs and freight costs are the main drivers of the high export growth
Since May, the manufacturing purchasing managers' index (PMI) new export orders index has continued to decline, but the total export volume has maintained rapid growth, especially in the past two months to refresh the record highs of the same period, and the divergence between the two has confused the market. Zhu He, deputy director of the research department of the China Finance Forty Forum and a young researcher, believes that the bright performance of exports actually contains a considerable degree of price factors, and this mainly comes from the increase in costs caused by rising production costs and freight rates, rather than rising demand. "The inflection point in the size of this round of exports may have appeared in June, but it was covered up by price factors. This export expansion, driven primarily by price rather than scale, means that for micro-enterprises, there has been no substantial improvement in turnover, and even profits may be compressed. Zhu He said.
Related: The Truth About The High Export Boom: Production costs and freight rates are the main drivers
<h4>Financial data</h4>
Year-on-year profit growth in the auto manufacturing industry fell back to single digits
According to the National Bureau of Statistics, from January to August, the automobile manufacturing industry achieved a cumulative profit of 343.83 billion yuan, an increase of 5.5% year-on-year, the growth rate fell by 14.2 percentage points compared with 1-7 months, the growth rate was significantly lower than that of enterprises and manufacturing industries in the same period, accounting for 6.1% of the total profits realized by industrial enterprises above designated size, which continued to decline compared with 1-7 months.
In September, more than 80 steel mills nationwide stopped production for maintenance
According to my steel network news, in September, many provinces across the country released the suspension of production and maintenance of steel enterprises, involving more than 80 steel mills. Up to now, many provinces across the country are implementing the dual-control power rationing policy, in addition to Shandong, Jiangsu, Guangdong, Guangxi, Yunnan, Zhejiang, which have announced policies in the early stage, anhui, Hunan, Liaoning, Jilin, Heilongjiang, Inner Mongolia and other northern provinces have also begun to limit the power of steel enterprises. The impact of this round of double control on steel companies is not limited to individual steel mills, but is basically implemented by steel companies in the corresponding region without discrimination.
The Shanghai index rose 0.54%, while the renminbi rose 22 points against the dollar
The stock market closed, the Shanghai Composite Index reported 3602.22 points, up 0.54%; the Shenzhen Composite Index reported 14313.82 points, down 0.21%; the ChiNext Index reported 3211.45 points, down 0.62%. On the disk, the oil and gas exploitation, gas, and green power sectors rose in the front, and the beer, liquor, and salt lake lithium plates fell in the front. The onshore yuan closed at 6.4592 at 16:30 against the dollar, up 22 basis points from the previous session. Today, the yuan traded at 6.4608 against the dollar, up 87 points.