CBN-20220111

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 decides to put major projects on fast lane and expand domestic demand as the economy enters a “crucial” period;-Former chief economist of Evergrande called for the use of monetary policy to boost birth rates, drawing backlash.Here’s what you need to know about China in the past 24 hours 中国经济要闻China will accelerate the implementation of major projects outlined in the 14th Five-Year (2021-2025) plan for social and economic development with expanded investment, the country’s cabinet, the State Council, has decided. A State Council executive meeting chaired by Premier Li Keqiang on Monday said that, as viable policies and detailed plans had been created, relevant authorities should speed up major projects with solid measures and in an orderly fashion.By acknowledging that Chinese economy is in a “crucial” period to keep its growth momentum, the meeting vowed to give higher priority to stabilising economic growth, continue its strategy of expanding domestic demand, and take targeted steps to boost consumption and investment.Pushing forward all major projects in the 14th Five-Year Plan period, the country will accordingly ensure the financing, land use and energy supply for critical sectors such as food and energy security, the advanced manufacturing and high-tech industries, logistics and telecommunications, and urban government-subsidised housing.Also on the healthcare front, the meeting decided that China will normalise the centralised bulk-buying of drugs and high-value medical consumables to further reduce medical costs.On the local level, the country will put into use the 1.2 trillion yuan of local-government special bonds issued in the fourth quarter of 2021, and accelerate the issuance of the front-loaded 2022 bond quota.国务院总理李克强1月10日主持召开国务院常务会议，部署加快推进“十四五”规划《纲要》和专项规划确定的重大项目，扩大有效投资；决定常态化制度化开展药品和高值医用耗材集中带量采购，进一步降低患者医药负担。会议指出，贯彻党中央、国务院部署，各相关部门对标对表“十四五”规划《纲要》确定的重点，科学有效做好国家级专项规划编制工作，进一步细化目标任务，提出可操作的政策和具体项目。目前44个专项规划已基本编制完成，陆续印发实施。要立足当前、着眼长远，有力有序推动“十四五”专项规划实施。会议指出，当前经济运行处于爬坡过坎的关口。要按照中央经济工作会议要求，把稳增长放在更加突出的位置，坚定实施扩大内需战略，坚持不搞“大水漫灌”，有针对性扩大最终消费和有效投资。会议指出，围绕粮食能源安全、先进制造业和高技术产业、交通物流和网络通信等基础设施、城市保障性住房等重点领域建设，要建立协调机制，做好融资、用地、用能等要素保障。对列入规划、条件具备的项目要简化相关手续，特别是前期已论证多年的重大水利项目要推动抓紧实施。会议指出，要按照资金跟着项目走的要求，尽快将去年四季度发行的1.2万亿元地方政府专项债券资金落到具体项目，并抓紧发行今年已下达的专项债。Update on COVID-19疫情简报Mainland China reported 110 domestic cases on Monday, with 87 in Henan province, 13 in Xi’an city of Shannxi, and 10 in Tianjin.  1月10日，内地新增本土病例110例（河南87例，其中许昌市74例、郑州市11例、安阳市2例；陕西13例，均在西安市；天津10例，均在津南区）。Next on industry and company news产经消息及公司新闻Ren Zeping, a popular economist called on the central bank to print an additional 2 trillion yuan to set up a specialist fund to boost China’s ailing fertility rates on Monday, sparking huge discussion on Chinese social media while also attracting criticism from fellow economists. Ren was formerly the chief economist for beleaguered property giant Evergrande Group.任泽平2万亿“催生”建议引热议：1月10日，网红经济学家任泽平团队发文称，要尽快建立生育基金，建议央行多印2万亿，用10年多生5000万孩子。对此，交银国际董事总经理、研究部主管洪灏反驳称，生育率与印钱无关，“人口是最不需要担心的，因为你无法改变趋势。”Chinese internet giant Tencent is reportedly planning to acquire Xiaomi-backed Blackshark Technologies, China's leading maker of gaming phones, for as little as 2.6 billion yuan, which represents a more than 10 percent discount on the earlier valuation of 3 billion yuan.腾讯迈出元宇宙关键一步：1月10日，有报道称腾讯拟收购国内知名游戏手机厂商黑鲨，收购价约为26亿元，低于早先的30亿估值。资料显示，黑鲨科技于2017年由小米注资成立，推出了多款游戏手机。据统计，黑鲨目前是游戏手机市占率第一位的厂商。Yu Minhong, founder of China's biggest private after-school tutor  New Oriental said Monday afternoon that the company needs to continue to grow, responding to an article he wrote earlier, revealing that New Oriental has laid off 60,000 employees last year, and the firm saw its operating income drop 80 percent since the authorities issued the “double reduction” guidance in late July. 俞敏洪回应“新东方辞退6万员工”：1月10日下午，新东方创始人兼首席执行官俞敏洪发文回应称，不管外界如何评价，新东方的发展需要持续下去。1月8日，俞敏洪发文道，2021年，新东方遇到了太多的变故，市值跌去90%，营业收入减少80%，员工辞退6万人，教学点退租等现金支出近200亿。他还透露新东方决定全面停止K9的地面和在线培训，做更多为学生全面成长提供服务的项目。Shimao Group denied a media report that it planned sell a Shanghai plaza, but said that it is in talks with some potential buyers and may consider disposing off some properties in order to reduce its debts. 世茂澄清出售上海物业：世茂集团1月11日表示，公司并无到期应付的资产担保证券,也并未就出售上海世茂国际广场订立初步协议。但公司正与若干潜在买家就出售若干物业进行讨论，在合适条件下会考虑出售部份资产以降低本集团的负债。China's aviation sector will aim to turn losses into profits this year with an expected recovery to 85 percent of its pre-COVID volume of domestic passenger trips, the Civil Aviation Administration of China (CAAC) said on Monday. China’s three biggest airlines posted a combined loss of 32.5 billion yuan in the first three quarters of 2021 due to COVID-19 struck.民航业力争今年“飞出阴霾”：1月10日召开的全国民航工作会议上，民航局提出，今年将深挖航空市场潜力，加大助企纾困力度，在疫情不出现反复波动的情况下，力争实现行业整体扭亏增盈。力争完成运输总周转量1040亿吨公里，旅客运输量5.7亿人次，货邮运输量780万吨，总体恢复至疫情前85%左右水平。2021年三季度国内三大民航亏损总额近80亿。The property market of Shenzhen was polarised in 2021 with the new home sales reaching a five-year high and the second-hand home sales notching a 15-year low. Shenzhen’s second-hand home market has cooled down 57.3 percent year on year after the city released a reference price list in February 2021.2021年深圳二手房成交创15年新低：2021年，深圳楼市呈现“两极分化”态势，新房市场创下近5年成交量新高，二手房成交量却创下了近15年新低。自2021年2月8日深圳发布二手房参考价政策后，深圳二手房市场开始下行。据深圳房地产信息网统计，2021年深圳共成交40699套二手房住宅，同比2020年减少57.3%。Switching gears to the financial sector金融市场要闻Virtual currency mining has been listed as an eliminated industry in China, the National Development and Reform Commission announced on Monday. In September, China's central bank declared all transactions involving Bitcoin and other virtual currencies illegal.虚拟货币“挖矿”纳入淘汰类产业：据1月10日发改委网站消息，国家发展改革委发布关于修改《产业结构调整指导目录（2019年本）》的决定：在《产业结构调整指导目录(2019年本)》淘汰类“一、落后生产工艺装备”“(十八)其他”中增加第7项，内容为“虚拟货币‘挖矿’活动”。2021年9月，中国人民银行等十个部门联合发文，宣布比特币等虚拟货币不能作为货币在市场上流通。China will open its doors wider to the world in the future and not the other way around, Shang Fulin, former head of the China Banking and Insurance Regulatory Commission told the Asian Financial Forum on Monday. Internal circulation was not aimed to closing the economy, but rather at tapping into the resources of both domestic and external markets as well as promoting international cooperation,  he said.中国将进一步扩大开放：银监会前主席尚福林周一在亚洲金融论坛上表示，中国未来将进一步扩大开放。他说，中国国家主席习近平于2020年首次提出的“国内大循环为主体”，其目的不是封闭经济，而是要通过挖掘国内外市场资源，促进国际合作。Wrapping up with a quick look at the stock market最后来看股市收盘情况Chinese stocks fell on Tuesday as the tech and defence sectors took a dip. The Shanghai Composite was down 0.73 percent, and the Shenzhen Component lost 1.27 percent. The Hang Seng Index shed 0.03 percent with pork concept stocks recording losses.周二A股下跌，沪指收跌0.73%，深成指跌1.27%。科技、军工股大跌。港股恒生指数跌0.03%，猪肉股全天萎靡，领跌市场。Biz Word of the Day财经词汇划重点Crypto mining is a process of solving complex mathematical equations in the form of cryptographic hashes to get crypto coins, which consumes huge amounts of energy.挖矿，指用安装了特定芯片和软件的电脑解出哈希函数题，以获取比特币等加密货币。这一过程会消耗大量电力。