CNBF Daily Brief 24.2.2023
[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]China’s international trade in services stood at 459.5 billion yuan (67.6 billion U.S. dollars) in January, according to the State Administration of Foreign Exchange. Services exports totaled 177.4 billion yuan last month, and services imports were at 282.1 billion yuan, resulting in a trade deficit of 104.8 […]
CNBF Daily Brief 23.2.2023
[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]China will strengthen measures ensuring the smooth flow of logistics to stabilize industrial and supply chains, according to the Ministry of Transport. The ministry will work to enhance China’s emergency response transport capacity and ensure efficient and unimpeded logistics for key materials, especially materials related to energy, […]
CNBF Daily Brief 22.2.2023
[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]Outbound investment of Chinese companies grew steadily in 2022, with more than 70% maintaining or expanding investment abroad, according to the survey conducted by the China Council for the Promotion of International Trade. Over 80% of the surveyed firms are optimistic about the prospects of overseas investment. […]
CNBF Daily Brief 21.2.2023
[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]China is moving to incubate its fifth batch of “little giant” firms to boost innovation and provide stronger support for the real economy. The “little giant” enterprises represent the new elite of small and medium-sized businesses that specialize in a niche market, boast cutting-edge technologies, and show […]
CNBF Daily Brief 20.2.2023
[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]Foreign direct investment (FDI) into the Chinese mainland, in actual use, expanded 14.5% year on year to 127.69 billion yuan in January, according to the Ministry of Commerce. In U.S. dollar terms, the FDI inflow went up 10% year on year to 19.02 billion U.S. dollars. High-tech […]
CNBF Daily Brief 18.2.2023
[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]China’s mobile phone shipments drop 22.6% year on year to 272 million in 2022, according to the China Academy of Information and Communications Technology (CAICT). The shipment volume of 5G mobile phones reached 214 million last year, accounting for 78.8% of the country’s total mobile phone shipments. […]
CNBF Daily Brief 17.2.2023
[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]The Beijing Stock Exchange (BSE) will officially launch a market-making trading business on its stock market on February 20, 2023. The move was taken to further promote market reform and innovation, improve the market trading system, and enhance market vitality and resilience. As of Friday, February 17, […]
CNBF Daily Brief 16.2.2023
[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]China’s banks saw a net forex settlement surplus of 2.5 billion U.S. dollars in January, according to the data from the State Administration of Foreign Exchange (SAFE). Forex purchases by banks totaled 175.3 billion dollars and sales hit 172.8 billion dollars. In January, foreign trade in goods […]
CNBF Daily Brief 15.2.2023
[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]The activities of China’s small and medium-sized enterprises (SMEs) picked up in January, as the country’s economy continued to recover steadily, according to the China Association of Small and Medium Enterprises. The Small and Medium Enterprises Development Index, calculated based on a survey of 3,000 SMEs in […]
China now publishes more high-quality science than any other nation
[cs_content][cs_element_section _id=”1″ ][cs_element_layout_row _id=”2″ ][cs_element_layout_column _id=”3″ ][cs_element_text _id=”4″ ][cs_content_seo]By at least one measure, China now leads the world in producing high-quality science. My research shows that Chinese scholars now publish a larger fraction of the top 1% most cited scientific papers globally than scientists from any other country. I am a policy expert and analyst […]
