China has introduced more measures to promote economic growth, including the growth of light industry growth related to consumption, and the development of the Beijing Stock Exchange, which is developing to help small enterprises.
According to Bloomberg News, the Ministry of Industry and Information Technology, the National Development and Reform Commission, and the Ministry of Commerce jointly issued a work plan for the stable growth of light industry (2023-2024).The average value -added growth rate is about 4%.
The Ministry of Industry and Information Technology said in the policy interpretation document that in the first half of 2023, the added value of China's light industry increased by 0.4%year -on -year, lower than the industrial average.Light industry accounts for more than a quarter of China's total export value, and industrial added value accounts for 16.2%of all industries, which is an important force for the steady growth of the industrial economy.
The Ministry of Industry and Information Technology said that as one of the ways to export, the government will support enterprises to participate in international exhibitions, build overseas design and development institutions and marketing channels, and guide the light industry industry to strengthen the "Belt and Road" and RCEP areas.Studies and guide enterprises to reasonably arrange industrial layout investment.The announcement also said that it will accelerate the transportation of light industrial products through the China -Europe trains.
Also on Friday, the China Securities Regulatory Commission announced on Friday (July 28) that the Beijing Stock Exchange of the Securities Company's Beijing Stock Exchange was specially stipulated in the market transaction business (for the draft of comments).Access, including reduced the requirements of net capital in the past 12 months to not less than 5 billion yuan (S $ 931 million), and relaxed rating requirements.
The China Securities Regulatory Commission said that the move is to "promote the market to maintain a reasonable level of liquidity."At the end of 2021, the Bei Stock Exchange was launched at the end of 2021 to expand the financing channels of small enterprises and technology startups.
The Political Bureau of the Communist Party of China held a meeting on Monday (July 24) by the General Secretary of the Communist Party of China to analyze the current economic situation and deploy economic work in the second half of the year.The meeting released signals to further relax the management and control of the property market, stimulate consumption, and resolve local debt risks.The Chinese stock market rose sharply on Tuesday (25th).
