Today's data selection: Your income may increase from September onwards; The incidence rate of cancer among people aged 30-39 has the fastest growth rate
More than one million people die from cancer each year under the age of 50
It is reported that recently, an international team of scientists led by Zhejiang University and the University of Edinburgh in Scotland studied the incidence rate of 29 cancers in 204 countries among all people aged 14 to 49. The results show that the incidence rate of cancer among people under 50 in 2019 has increased by nearly 80% compared with 1990.
Breast cancer is the leading cause of death, followed by tracheal cancer, lung cancer, stomach cancer and bowel cancer. The fastest growing number of deaths is in renal or ovarian cancer. Scientists say that genetics is just one of the factors, and dietary habits, lifestyle habits, and other factors are also contributing factors. The degree of influence of environmental factors is still unclear. It is reported that the number of early onset cancer cases worldwide increased from 1.82 million in 1990 to 3.26 million in 2019, while cancer deaths among adults aged 40, 30, or below increased by 27%. Research shows that over one million people die from cancer under the age of 50 each year.
A new study published in the Journal of the American Medical Association on August 16 said that the incidence rate of cancer among people under 50 years of age has increased in the past 10 years, with an average annual increase of 0.28%, of which the incidence rate of cancer among people aged 30 to 39 years is growing fastest.
Starting from September, your income may increase
On September 7th, the Deputy Minister of Finance of the People's Republic of China pointed out at the regular policy briefing of the State Council that in terms of focusing on promoting income growth and expanding consumption, the first is to increase the special additional deduction standards for personal income tax, including the care of infants and young children under 3 years old, children's education, and supporting the elderly. Secondly, the one-time bonus for the whole year will be separately taxed. Thirdly, there are preferential policies such as personal income tax refunds for purchasing replacement housing. Effectively reduce the tax burden on residents and enhance their consumption capacity. Specifically, the special additional deduction standards for the care and education of infants and young children under the age of 3 have been increased from 1000 yuan per month to 2000 yuan per child. The special additional deduction standard for supporting the elderly has been increased from 2000 yuan per month to 3000 yuan.
The personal income tax policy for one-time bonuses throughout the year will continue to be implemented until December 31, 2027. Individual residents who receive a one-time bonus for the whole year shall comply with the provisions of the Notice of the State Administration of Taxation on Adjusting the Method of Calculating and Levying Personal Income Tax on Individual Income Bonuses and Other Matters, and shall not be included in the comprehensive income for the current year. The amount obtained by dividing the annual one-time bonus income by 12 months shall be determined according to the monthly converted comprehensive income tax rate table attached to this announcement, and the applicable tax rate and quick calculation deduction amount shall be separately calculated and taxed.
From January 1, 2024 to December 31, 2025, taxpayers who sell their own homes and purchase new homes in the market within one year after the sale of their current homes will be eligible for a tax refund on the personal income tax already paid on the sale of their current homes. Among them, if the amount of newly purchased housing is greater than or equal to the current housing transfer amount, all personal income tax already paid will be refunded; If the amount of newly purchased housing is less than the transfer amount of the current housing, the personal income tax already paid for the sale of the current housing shall be refunded according to the proportion of the newly purchased housing amount to the transfer amount of the current housing.
At the end of August, the scale of China's foreign exchange reserves was 3160.1 billion US dollars
According to data released by the State Administration of Foreign Exchange of China on the 7th, as of the end of August 2023, the scale of China's foreign exchange reserves was 3160.1 billion US dollars, a decrease of 44.2 billion US dollars or 1.38% compared to the end of July. In addition, China's gold reserves are 69.62 million ounces; According to SDR, China's foreign exchange reserves are 2376.119 billion SDR.
The State Administration of Foreign Exchange stated that in August 2023, the US dollar index rose and global financial asset prices overall declined due to factors such as macroeconomic data and monetary policy expectations from major economies. The combined effect of exchange rate conversion and changes in asset prices has led to a decrease in the size of foreign exchange reserves for the month.
Wen Bin, Chief Economist of China Minsheng Bank, pointed out that in August, in terms of currency, the US dollar exchange rate index rose by 1.7% to 103.6, and non US dollar currencies depreciated overall. In terms of assets, the hedged global bond index priced in US dollars fell by 0.1%; The S&P 500 stock index fell 1.8%. Under the combined effect of the above factors, the scale of China's foreign exchange reserves has decreased.
Wen Bin believes that the current global economic growth momentum is weakening, with an increase in uncertain and unstable factors, and significant volatility in the international financial market. With the recent implementation and effectiveness of the stable growth policy, the endogenous driving force of the Chinese economy will continue to strengthen, and the economy will continue to maintain a stable recovery trend, which is conducive to the stability of the RMB exchange rate and the smooth operation of the foreign exchange market, providing support for the basic stability of the scale of foreign exchange reserves.
Is there a turning point in China's foreign trade as the decline in imports and exports narrows?
According to the latest official data, China's total import and export value in August continued to decline compared to the same period last year, but the decline has narrowed, with a month on month growth of 3.9%. Among them, exports increased by 1.2% month on month and imports increased by 7.6% month on month. Despite the overall weakness in global trade, China ASEAN trade still recorded a year-on-year growth of 1.6% in the first eight months. The continuous decline in Sino US trade since the beginning of this year also shows slight signs of improvement. In the first 8 months, the total trade value between China and the United States decreased by 8.7% year-on-year, a decrease of 0.9 percentage points compared to the previous 7 months. Among them, China's exports to the United States decreased by 11.7% year-on-year, a decrease of 1.3 percentage points compared to the previous 7 months.
From a product perspective, automobile exports remain strong. In the first 8 months, China's automobile exports amounted to RMB 442.7 billion, a year-on-year increase of 104.4%. From some recent leading indicators, there are signs of improvement in the trade situation. According to official data, the new export order index in China's manufacturing procurement manager index in August was 46.7, which is still in a contraction range but significantly higher than the 46.3 in the previous month.
National Postal Administration: It is expected that the express delivery business volume will increase by about 15% year-on-year in August
The August 2023 China Express Development Index report released by the State Post Office of China on the 7th showed that the index was 361.5, a year-on-year increase of 16.2%. The National Postal Administration predicts that the volume of express delivery business will increase by about 15% year-on-year in August.
In August, the scale of China's express delivery industry grew relatively well, with a daily collection volume of around 350 million items and a continuous increase in weekly business volume. The delivery solutions for peaches, hairy crabs, and seafood are becoming increasingly mature, and the delivery of agricultural specialty products is active. The National Postal Administration predicts that the express delivery business volume will increase by about 15% year-on-year in August, and the business revenue will increase by about 9% year-on-year.
The report states that the comprehensive transportation capacity of Chinese express delivery has increased. In August, China's express delivery industry's own airlines opened international routes such as "Ezhou Abu Dhabi" and "Shenzhen Port Moresby". Take the China Laos railway cold chain special train and customize the "Thailand Laos Kunming" highway railway intermodal line, effectively improving the cross-border timeliness of Durian and other places.