Early Reading | National Development and Reform Commission: The economy will remain stable and positive in the second half of the year, maintaining stability | Yuan Da | Economy

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National Development and Reform Commission: The economy will maintain a stable and positive trend in the second half of the year

On August 4th, Yuan Da, Deputy Secretary General of the National Development and Reform Commission and Director of the Comprehensive Department, said that with the continuous improvement of various policy effects, the economy in the second half of the year will maintain a stable and positive trend on the basis of continuous recovery in the first half.

At a press conference jointly held by the National Development and Reform Commission, the Ministry of Finance, the People's Bank of China, and the State Administration of Taxation on the same day, Yuan Da said that since the beginning of this year, in accordance with the decisions and deployments of the Party Central Committee and the State Council, the National Development and Reform Commission and relevant parties have increased their efforts to implement macro policies, promoted coordinated efforts to advance policies, continued to optimize a number of phased policies, studied and introduced a number of targeted new measures, actively planned and implemented a number of reserve policies, and systematically played a "combination punch" to effectively address difficulties and challenges such as the increasing adverse effects of international environmental changes on China and the interweaving of cyclical structural contradictions within the country. This has effectively promoted the sustained recovery and overall recovery of the national economy.

Yuan Da stated that based on the latest economic operation data currently available, the growth rate of physical quantity indicators has accelerated. In July, the national unified power generation increased by 5.9% year-on-year, which is 1.5 percentage points faster than the previous month; Market expectations have also improved, and the manufacturing PMI has rebounded for two consecutive months.

In terms of reserve policies, Yuan Da also introduced that in June, in response to the new changes in economic operation in the second quarter, the National Development and Reform Commission, together with relevant parties, timely launched reserve policies to promote sustained economic recovery and improvement. At present, various departments are working hard to implement policies and measures, including guiding the downward trend of market interest rates, promoting the consumption of commodities such as automobiles, promoting the transformation of urban villages in mega cities and the construction of public infrastructure for both emergency and emergency use, and orderly expanding the issuance scale of real estate investment trust funds in the infrastructure sector. Other policies are also being promoted, providing strong policy support for sustained economic recovery.

§domestic

On the 4th, the China Securities Regulatory Commission (CSRC) announced on its official website that it has recently issued the "Management Measures for Independent Directors of Listed Companies", which will come into effect on September 4th, 2023.

The reporter recently learned from Anhui University that the research team of the Advanced Materials Atomic Engineering Research Center has discovered the optical waveguide behavior in metal nanoclusters, filling the gap in the study of the photonic properties of nanoclusters. The relevant results have recently been published in the international journal Science.

The reporter learned from the Harbin Emergency Management Bureau that according to the relevant provisions of the Harbin Flood Control Emergency Plan, the Municipal Flood Control and Drought Relief Command has decided to upgrade the flood control level three emergency response to level one at 14:30 on August 4th.

The Hainan Provincial Government of China and the California State Government of the United States signed a memorandum of understanding in the California capital Sacramento on the 3rd, stating that they will further cooperate in areas such as addressing climate change, environmental protection, and promoting clean energy development.

The preliminary data on the balance of payments for the second quarter and first half of 2023 released by the State Administration of Foreign Exchange on the 4th shows that China's international balance of payments remained basically balanced in the first half of 2023. Among them, the current account surplus was 146.8 billion US dollars, which is 1.7% of the same period's gross domestic product.

The reporter learned from the Municipal Road Transport Bureau yesterday that 500 new low floor buses with accessibility functions have been included in the "Shanghai Municipal Public Service Project" and the "Municipal Party Committee Public Opinion Project" this year.

On August 4th, China Eastern Airlines received two domestically produced large passenger planes, C919, and launched their first "dual aircraft commercial operation". On the same day, they jointly operated the "Shanghai Hongqiao Chengdu Tianfu" route.

§International

According to US media reports, former US President Trump appeared in a federal court in Washington D.C. on the 3rd to plead not guilty to criminal charges of attempting to overturn the 2020 presidential election results.

According to MBC TV in South Korea, the South Korean police recently discovered a case where the US military stationed in South Korea used loopholes in international military mail transportation regulations to trade and use drugs.

On the 4th, the Russian Ministry of Defense said that the Russian Navy repelled an attack by Ukrainian unmanned boats on the Novorossiysk Naval Base of the Russian Black Sea Fleet.

Saudi Arabian news agency reported on the 3rd, citing the Saudi Ministry of Energy, that Saudi Arabia will extend the voluntary daily reduction of 1 million barrels of oil production starting from July until the end of September, and may further extend and increase the reduction in production.

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