Femorning Daily 19.3.2017
https://v.qq.com/txp/iframe/player.html?vid=k0385f4xm6a&width=500&height=375&auto=0
Wang Yiming, deputy director of Development Research Center (DRC) of the State Council of the People's Republic of China, said that China’s L-type economy is entering the second half stage, it becomes the main theme to improve the quality and efficiency of economic growth. In addition, the current rise of globalized inverse is inseparable from the global dilemma of low growth. The global recovery is at an important juncture, conforming to the global trend will open up a brighter future.
2
National Bureau of Statistics of the People's Republic of China (NBS) released residential sales price statistics in 70 large and medium cities in February. The new commercial housing prices had sequential rise in 56 cities, and had year-on-year rise in 67 cities. Among the 15 first-tier and hot second-tier cities, 10 cities had sequential price down, two cities were flat. New commodity housing prices rose 0.1% sequentially in the first-tier cities, the rise was 0.3% in th second-tier cities and 0.4% in the third-tier cities.
3
PEOPLE’S DAILY OVERSEAS EDITION news, from January to February, China's outbound investment fell 52.8% year-on-year. Experts said that this decline is mainly due to the increasingly robust RMB and investors gradually returning to rational. It is noteworthy that, in the outbound investments, the investment in real economy and emerging industries continues to grow, China's outbound investment is not "cooling down".
4
Yang Weimin, deputy director of the Central Leading Group Office on Financial and Economic Affairs, said that the fundamental goal of China's supply-side structural reform is to establish a market-oriented and legalized mechanism of over-capacity digestion, so that the market will play a decisive role in the allocation of resources, and the role of government will be better played. China's supply-side reform does not mean ignoring the demand-side.
5
The Economic Observer news, at present, the steel and coal industries’ pressure for de-capacity and deleverage is pretty big, plenty of difficulties were encountered, industries that have similar situations also include non-ferrous metals industry, ship-building industry, chemical industry, and building materials industry, the demand for debt-for-equity swap is also very urgent. In these areas, banking institutions are also in contact with enterprises.
6
21st Century Business Herald news, the total investment from 31 provinces (cities, autonomous regions) on major projects this year will be at least 10 trillion yuan or more. Industrial upgrading, infrastructure construction, new urbanization, eco-environmental protection, social livelihood and other projects are the important starting points for various regions. The investment and financing model of promoting the government and social capital cooperation may become the main choice.
7
Wang Shouwen, Vice Minister of Ministry of Commerce of the People's Republic of China, said that the implementation of the negative list of Free Trade Zones has been very successful, the corresponding terms will still be reduced in the future. At present, China's foreign investment environment is more and more friendly, the opening degree is getting higher and higher no matter in the service industry, the manufacturing industry or mining industry. Greater measures will be taken to encourage foreign investment to come in.
8
China Securities Journal news, Yang Kun, executive vice president of China Electricity Council (CEC), said that coal power enterprises profit showed sheer decline, the five major power generation group’s coal electricity profits fell 68.6% year-on-year. In 2017, the risk of overcapacity of coal power production, coal-fired power generation business may face a comprehensive loss situation.
9
The March 2017 results of the Shanghai licensing auction were released. 10,356 plates were auctioned on personal credit, 262,010 people participated in the auction, a increase of 10,293 people from the previous month, the successful rate was 4%. The lowest transaction price was 87,800 yuan, the average transaction price was 87,916 yuan, a decrease of 324 yuan from the previous month.
10
Zhu Min, former vice president of International Monetary Fund (IMF), said that it is not important how many times the Fed raised interest rates this year, the Fed has entered the interest rate rising channel, the globe enters the inflection point of liquidity. The interest rates will only rise, it will not fall, monetary policy will not loose. These are much more important than how many times the interest rate hike.
11
To learn more financial news, please subscribe to the WeChat account of financial breakfast: Femorning. Different position, same experience! For a truly authentic taste, choose Femorning, the only reliable and genuine financial breakfast.
财经早餐搭台，欢迎你来唱戏！财经早餐致力于提高一亿中产阶级阅读效率，欢迎早餐用户分享你的独家观点或大作！最高10万元奖金等你来拿！点击公众号右下角菜单【约稿】或者对话框输入【约稿】获取更多信息。
财经早餐（微信号：Femorning）：每天早晨，最新鲜、最全面的财经资讯尽在财经早餐！
亲，吃完早餐还不过瘾的，可点击下方的“阅读原文”，下载APP感受更丰富的阅读体验！欢迎使用财经早餐小程序，专为财经资讯搜索而生！