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2020 Statistical Bulletin: China's GDP per capita has exceeded 10000 US dollars for two consecutive years

2020 Statistical Bulletin: China's GDP per capita has exceeded 10000 US dollars for two consecutive years

On February 28, the Statistical Bulletin of National Economic and Social Development in 2020 was released. The communique pointed out that in 2020, China's economic operation will improve quarter by quarter and gradually return to normal, and it will be the only major economy in the world to achieve positive economic growth.

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Trade and Investment: New Opportunities for RMB

Trade and Investment: New Opportunities for RMB

In recent six months, the continuous appreciation of RMB has brought exchange rate cost pressure to foreign trade enterprises. Following the trend, RMB settlement, as a fundamental measure to reduce the exchange rate risk of enterprises, is accelerating. Since February 4, the Notice on Further Optimizing the Cross border RMB Policy to Support the Stabilization of Foreign Trade and Foreign Investment jointly issued by the People's Bank of China and the Ministry of Commerce and other six departments will be officially implemented, promoting the facilitation of RMB settlement for higher level trade and investment, and further simplifying the cross-border RMB settlement process. RMB settlement accelerated

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Foreign reserves returned to a record high of 3.2 trillion US dollars since May 2016

Foreign reserves returned to a record high of 3.2 trillion US dollars since May 2016

In 2020, China's foreign exchange reserves achieved a "good result" of US $108.6 billion. On January 7, the latest data released by the State Administration of Foreign Exchange showed that by the end of December 2020, China's foreign exchange reserves had reached 3216.5 billion US dollars, an increase of 38 billion US dollars or 1.2% compared with the end of November.

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The pace of digital RMB pilot has been accelerated

The pace of digital RMB pilot has been accelerated

With the accelerated pace of the pilot of the Central Bank's Digital Renminbi (DCEP), more and more local governments are actively striving for the pilot of digital Renminbi.

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Figure I Understand China's import and export in the first 11 months

Figure I Understand China's import and export in the first 11 months

In the first 11 months of this year, China's total import and export value of goods trade was 29.04 trillion yuan, an increase of 1.8% over the same period last year (the same below).

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At the end of June, the scale of China's foreign exchange reserves was 3112.3 billion US dollars

At the end of June, the scale of China's foreign exchange reserves was 3112.3 billion US dollars

By the end of June 2020, the scale of China's foreign exchange reserves was 3112.3 billion US dollars, an increase of 10.6 billion US dollars or 0.3% over the end of May. "Exchange rate translation, asset price changes and other factors combined to increase the scale of foreign exchange reserves in the month." Wang Chunying, deputy director of the State Administration of Foreign Exchange and spokesman, said that in June, the US dollar index fell slightly in the international financial market, asset prices of major countries rose, and the supply and demand of China's foreign exchange market remained balanced. Wang Chunying said that China's current various economic indicators have marginal

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Harbin Dongan Import & Export Co.,ltd.
Harbin Dongan Import & Export Co.,ltd.

Harbin Dongan Import & Export Co.,ltd.

Address: No. 7, Nanchang Street, Pingfang District, Harbin
Contact: Mr.  Zhu
Phone: 86-18846160095
Tel.：86-0451-86578261-8888
Fax：86-0451-86578261
Email: zhuweijun@dongangroup.net

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