CBN-20211019

Hi everyone. I’m Stephanie LI.大家好，我是主持人李莹亮。Coming up on today’s program.重点提要 -China’s GDP growth slows to 4.9% amid power crunch and real estate woes;-Northwestern provinces saw a resurgence of Covid-19 linking to an elderly travel group.Here’s what you need to know about China in the past 24 hours 中国经济要闻China’s GDP in the third quarter reported a lower-than-expected 4.9 percent year-on-year growth yesterday. It was much lower than the 7.9 percent growth rate for the second quarter and the 12.7 percent growth for the first half of the year. Although the economic growth suffered hurt from power shortages, supply bottlenecks and sporadic Covid-19 outbreaks, the National Bureau of Statistics reassured that China will still be able to achieve full-year development goals. Impacted by the power crunch, industrial production growth slumped to 3.1 percent year on year in September from 5.3 percent in August, marking the slowest growth since March 2020. A closer look at industrial production in the first three quarters shows that the value-added of high-tech manufacturing went up by 20.1 percent, driven by a 172.5 percent surge in the production of new-energy automobiles. Meanwhile, retail sales rebounded to a stronger-than-expected 4.4 percent year-on-year growth in September from a mere 2.5 percent in August, and hit a rate of 16.4 percent during the first nine months. It’s worth noting that online retail sales saw an 18.5 percent jump during the same period. However, a looming epidemic still clouds the outlook for much anticipated rebound in consumption in the months to come.“意料之外情理之中”，说的是昨天公布的三季度GDP数据。根据国家统计局10月18日发布的数据，三季度国内生产总值同比增长4.9%，略低于预期。然而，这一数字是2020年第三季度以来最低，不仅低于上一季度7.9%的增长，更远低于12.7%的一季度增长。国家统计局新闻发言人付凌晖在记者会中表示，前三季度，面对复杂严峻的国内外环境，国民经济持续恢复发展，主要宏观指标总体处于合理区间，但中国有能力有条件完成全年经济社会发展的预期目标任务。另外，9月份规模以上工业增加值同比增长3.1%，低于8月的5.3%，为2020年3月以来最低。前三季度，全国规模以上工业增加值同比增长11.8%。其中，高技术制造业增加值同比增长20.1%，新能源汽车产量同比增加172.5%。而随着双循环的深化和国内疫情的平稳，消费市场继续复苏，起色明显。前三季度社会消费品零售总额318057亿元，同比增长16.4%。9月份，社会消费品零售总额36833亿元，同比增长4.4%，比上月加快1.9个百分点。其中，全国网上零售额91871亿元，同比增长18.5%。但疫情仍时有反复，给未来几个月消费反弹预期蒙上一层阴影。The Olympic flame lighting ceremony for the Beijing 2022 Winter Olympic Games was held in ancient Olympia in Greece yesterday. The world has officially entered Winter Olympics time, two months after the Tokyo Games. 2022年北京冬季奥运会的圣火10月18日在希腊古奥林匹亚遗址成功点燃，随着希腊著名高山滑雪运动员安东尼乌举起手中的火炬，奥林匹克进入了“北京时间”。Greater Bay Area, Greater Future新使命，大未来The Hong Kong Monetary Authority announced on Monday the 19 eligible banks in Hong Kong which can launch the Cross-boundary Wealth Management Connect (WMC) services. These banks, together with their respective mainland partner banks, can start providing cross-boundary wealth management services starting today. 香港金融管理局10月18日公布19家可开展跨境理财通业务的香港银行名单。相关银行及其内地伙伴银行经内地相关监管机构纳入跨境理财通业务试点范围后，最早可以于今日一同开始提供跨境理财通服务。Update on COVID-19疫情简报Fears have grown that chain of transmission may further extend after more people in the same tour group from Shanghai to northwestern provinces tested positive for the virus. The Chinese mainland reported another 9 local infections yesterday, with most from the northwestern provinces of Shaanxi, Inner Mongolia and Ningxia. The neighbouring Gansu province announced to halt cross-provincial travels as it closed all entertainment venues and tourism spots in part of the province.“上海老年旅游团”传播链仍在延长，多地发现关联病例。全国昨日报告新增9例本土确诊病例（陕西5例，均在西安市；内蒙古2例，均在锡林郭勒盟；湖南1例，在长沙市；宁夏1例，在银川市）。临近的甘肃省则宣布紧急关停多地文旅场所，旅行社停止跨省业务。Next on industry and company news产经消息及公司新闻TikTok owner ByteDance confirmed media reports on a massive layoff in its commercialisation department since late 2020, defending the decision as a “normal business adjustment.” In addition to the commercialisation team, the company is reported to be cutting jobs in its education and gaming department.10月19日，有媒体报道称，去年年底开始，字节跳动对商业化团队进行了一系列组织架构、业务范围调整。当天，字节跳动HR相关负责人表示，裁员信息属实，系公司正常业务调整。据报道，被曝光裁员的不仅有字节商业化团队，包括字节教育、字节游戏等业务线，均有员工表示有裁员消息。Chinese cybersecurity giant 360 announced on Monday to buy 16.6 percent in equity with 2.9 billion yuan in EV startup Hozon Auto, or better known as NETA, making 360 the second biggest shareholder.10月18日晚，360发布公告称，作为合众新能源汽车有限公司的D轮投资领投方，拟投资29亿元，入股哪吒汽车。本次投资全部完成后，360合计将持有哪吒汽车16.594%的股权，成为除管理团队外的第一大股东。Tencent has pushed aside Alibaba to become China’s most valuable brand, according to the 2021 Top 100 Most Valuable Chinese Brands released today by consulting firm Kantar BrandZ. Tencent’s brand values $280 billion, compared with second-ranked Alibaba at $202 billion, followed by Kweichow Moutai, Meituan and Huawei.  10月18日，凯度发布“2021年凯度BrandZ™最具价值中国品牌100强排行榜”。数据显示，腾讯以2796.18亿美元品牌价值超越阿里巴巴，升至百强榜首，而贵州茅台、美团和华为则排名第三至第五名。Taiwan’s Hon Hai Precision Industry, better known as Foxconn, launched three electric car prototypes at the Hon Hai Tech Day yesterday, including electric bus, SUV and luxury sedan.10月18日于台湾省台北市举行的鸿海技术日上，富士康正式发布纯电动汽车品牌Foxtron，并带来三款新车。三款新车分别是纯电动轿车 Model C，纯电动 SUV Model E和电动巴士 Model T。Switching gears to the financial sector金融市场要闻The China Securities Regulatory Commission gave the green light for the New York-based investment bank to take complete control of Goldman Sachs Gao Hua Securities from its Chinese shareholder, Goldman Sachs announced yesterday. It became the second foreign company to fully own a securities brokerage in China. 10月18日，高盛集团有限公司表示，中国证监会对其成为高盛高华证券有限公司唯一股东的事项准予备案，成为继摩根大通后第二家全资控股国内证券公司的外资公司。Wrapping up with a quick look at the stock market最后来看股市收盘情况Chinese stocks closed higher on Tuesday with the benchmark Shanghai Composite Index added 0.7 percent to 3593 points. The Shenzhen Component Index closed 1.04 percent up at 14499 points. The Hang Seng Index gained 1.49 percent to close at 25787 points.周二A股股市集体收涨，截至收盘，沪指涨0.7%，报收3593点；深成指涨1。04%，报收14499点。港股恒生指数收涨1.49%，报收25787点。Biz Word of the Day财经词汇划重点GDP (Gross domestic product) is the total monetary or market value of all the finished goods and services produced within a country’s borders in a specific time period. As a broad measure of overall domestic production, it functions as a comprehensive scorecard of a given country’s economic health.GDP（国内生产总值）是一个国家或地区所有常住单位在一定时期内生产活动的最终成果。GDP是国民经济核算的核心指标，也是衡量一个国家或地区经济状况和发展水平的重要指标。