China News Express: The beginning of 2024

chiny24.com 1 year ago

From the message of fresh Year's president Xi JinPing:

– In 2023 we continued to decision forward with determination and perseverance.
– We've taken many solid steps forward.
– Thanks to many years of efforts, the innovation-based improvement of China is full of energy and vitality.
– In the past year, we marched forward in good spirits and with large confidence.
– While continuing their development, China actively supported the planet and fulfilled its work as a power.
– On the way, we encountered adversity. all Chinese made a remarkable contribution to the fight against these adversities! It is you, people (Chinese), that we are looking at erstwhile we are fighting all difficulties and challenges.
– We will consistently, unwaveringly accelerate modernisation with Chinese characteristics, faithfully apply fresh improvement doctrine on all fronts, accelerate the construction of a fresh improvement model, advance the improvement of advanced quality and defend security.
– China will surely be united, and all Chinese on both sides of the Taiwan Straits should be bound by a common sense of intent and share their share in the glorious revival of the Chinese people.
– Our goal is both large and simple. It brings people a better life. We should support a warm and harmonious social atmosphere, grow an inclusive and dynamic environment for innovation and make convenient and good surviving conditions so that everyone can live happily, extract from themselves the best and realize their dreams.
– In any parts of the world, conflicts inactive exist. We Chinese are well aware of the value of peace. We will work closely with the global community for the common good of humanity, build a community with a common future and make the planet a better place for all.

Source: http://politics.people.com.cn/n1/2024/0101/c1024-40150345.html

Diplomatic messages

President Xi Jin Ping (chin. 习近平) and president of the United States Joe Biden exchanged congratulations on the 45th anniversary of diplomatic relations between the 2 countries (01.10.2024)

Source: http://politics.people.com.cn/n1/2024/0101/c1024-40150481.html

President Xi Jin Ping and Russian president Vladimir Putin exchanged fresh Year's wishes.

Source: http://jhsjk.people.cn/article/40150460?isindex=1

Box Office 2023

The National movie Office (chin. 国家电影局) published data on 1 January 2024, indicating that the combined proceeds from ticket sales (box office) on Chinese films last year amounted to 54.92 billion RMB (about PLN 30.44 billion), and it was watched by 1,299 billion viewers. The first 10 films with the highest ratings in China in 2023 are Chinese productions.

Source: http://www.news.cn/fortunate/20240101/3f230f23f8de4e7299ac62962f9fe9f1/c.html

First cruise of a cruiser

On 1 January, he embarked on his inaugural cruise of the first leak ship built in China, cruiser "Aida Magic City" (chin. 爱达·魔都号).

Shanghai will be his home port. In its first cruise, the cruiser will fly to ports of South Korea, Japan and another North East Asian countries. Thus China joined an exclusive cruiser operator club.

Ticket prices for Aida Magic City flights scope from 1000 to 10,000 RMB (from approx. 554 to 5.544 PLN) per person.

Source: http://www.news.cn/fortunate/20240101/e35f1a90f8d44ee9a2239fa3637a7552/c.html

Beijing Stock Exchange 2023

At the end of 2023, there were 239 companies listed on the youngest Chinese stock exchange Beijing Stock Exchange (chin. 北京证券交易所) and their marketplace value was 449,6 billion RMB (approximately PLN 250 billion). This exchange is primarily a marketplace for private (90% of listed companies) tiny and medium-sized (more than 80% of companies) companies. The transactions active 6,75 million individual players and 900 state funds in 2023.

Source: http://www.news.cn/fortunate/20240101/932711a262054fc9a0905af6976e1d11/c.html

Wind farm 4650 m above sea level

On January 1, the world's largest NagQu OuMa TingGa wind power plant (chin. 那曲欧玛亭嘎) was officially commissioned on the Tibetan Plateau. The power plant has a capacity of 100 MW and can meet the yearly electricity request of 230 000 households in the city of Naqu.

It is simply a wind farm located at the highest in China (at an altitude of 4650 m above sea level) and most likely worldwide. During the implementation of this investment, a crucial problem was solved, i.e. the usage of wind energy at altitudes where the air, the energy transfer medium, is already very low in density. For the intent of this task a peculiar kind of wind turbine was created, as well as circumstantial blades profiles of windmills. The full installation was made of materials providing long-term operation in highly unfavourable conditions (strong winds, frosts and advanced temperatures, violent storms with electrical discharges and dense rains, or snow)

Source: https://news.ccctv.com/2024/01/\

Allowances maintained

The Ministry of Finance (chin. 财政部) and the National taxation Admiration (chin. 国家税务总局) decided that in 2024 more than 50 taxation credits, reductions in another fiscal burdens and reduced administrative fees for the MiŚP, persons conducting one-man economical activity and individuals introduced in 2023 would be maintained.

Source: http://www.ce.cn/xwzx/gnsz/gdxw/202401/01/t20240101_38849600.shtml

New abroad companies in 2023

According to the latest data of the Ministry of Trade (chin. 商务部) between January and November 2023 48,078 fresh companies with abroad capital were registered, which means an increase of 36,2 % year to year. Fluctuating abroad investment is observed. Their scale during this period amounted to 1.04 trillion counted in RMB (about PLN 545 billion). The largest number of investments went to high-tech industries (37.2% of all projects). Second place is production of medical instruments and apparatus (27.6%), on 3rd electronic and communication equipment (5.5%).

Source: https://caijing.chinadaily.com.cn/a/202401/01/WS65925675a310af3247ffa5e6.html

Chinese baggage sorting system

In April of that year, at ChengDu Airport (chin. 成都), the capital of the state of SiChuan (chin. 四川), the first full automatic baggage sorting and loading strategy in China will be launched The strategy was entirely designed and manufactured in China. Until now, only abroad solutions have been involved. The ChangDu moving strategy uses advanced technologies, including visual designation of objects, works on artificial intelligence algorithms, utilizing robotic arms to carry luggage, as well as robots whose task is to deliver and burden baggage into aircraft hatches. With the work stacking the luggage taking into account the dimensions and weight of each loaded baggage.

The RFID (Radio Frequency Identification) strategy will let passengers to track their baggage from the minute they leave it at check-in until they arrive at the destination airport.

Source: https://www.chinanews.com.cn/cj/2024/01-01/10138593.shtm

Dragon in the Year of Dragon

China's fresh Year (10.02) is coming in large steps. As usual in the run-up to this most crucial vacation in the Chinese calendar, all objects, all ornaments, tiny items with the astrological symbol of the fresh year are very popular. And this coming 1 will pass under the sign of the Wooden Dragon.

Recently, the Chinese have been raved by the drawing coins of a porcelain dragon. By tradition, the dragon is simply a symbol of success, fortune, large money.

Source: https://mp.weixin.qq.com

Best developers in 2023

ZhongZhi investigation Institute (chin. 中指研究院) presented a list of 200 developers who sold the most apartments in 2023. Sixteen developers on this list sold properties worth over 100 billion RMB (about PLN 55,430 billion). The 3 biggest are:

Poly improvement (chin. 保利发展),
Vanke Real property (chin. 万科地产) and
China Overseas Real property (chin. 中海地产位列).

Poly improvement closed the year with a sale worth RMB 424.6 billion (about PLN 235.382 billion) and the another 2 developers exceeded the level of RMB 300 billion (about PLN 166.570 billion) on a yearly basis.

Source: https://wallstreetcn.com/articles/3705374

Housing prices in 2023 inactive down

According to the analysis of the China Real property Index investigation Institute (chin. 中国指数研究院), developed by the China Real property Index strategy (chin. 中国房地产指数系统), in December 2023 prices of fresh housing in China rose 4th period in a row. On average, in 1 100 cities surveyed by 0.10% y/y. In November, this increase was 0.05% y/y. However, on an yearly basis, housing prices in China fell on average by -0.34% y/y in 2023. It is worth noting that in 2022 the decrease was 0.70% y/y. The last yearly price increase took place in 2021.

The Chinese Government has taken a number of actions (e.g. removing restrictions on the acquisition of housing, lowering the minimum deposit erstwhile applying for credit, or reducing the taxation burden) to support the stagnant real property sector. Analysts of the China Real property Index investigation Institute are convinced that the moods of housing buyers are weak, so the real property sector requires greater, comprehensive government support to be able to go straight. The average price of a square metre of the fresh flat in December 2023 was in mega-Chinese cities, as follows:

Shanghai (chin. 上海) 61,862 RMB/m2 (approx.34 344 PLN),
Beijing (chin. 北京) 60 095 RMB/m2 (approx.33 340 PLN)
ShenZhen (chin.

with a national average of 15,315 RMB/m2 (approx. PLN 8,490).

Source: https://www.hlfwh.com/news/detail/1555_1.html;

https://newhouse.fang.com/house/2023-12-26/49046822.htm

Chinese stock exchanges in 2023

Last year, the stock exchanges here were not successful. The main indexes of the 3 largest (Shanghai, ShenZhen, Hong Kong) recorded the worst results in nearly 3 years. Very good stock exchange results in Taiwan and Beijing can be a comfort.