CBN丨Chinese cities unveil policies to stimulate economic recovery

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

• Chinese cities roll out measures to drum up consumption and help ease burden of businesses;

• China secures a bumper grain harvest for 2022.

中国经济要闻

Several Chinese cities are introducing concrete steps to stimulate consumption and maintain stable economic growth amid optimization of the country's COVID-19 rules in recent weeks.

In southern China's Guangdong province, Guangzhou is giving out a total of 30 million yuan worth of consumption vouchers in three rounds from December 8 to 19, which cover stores and supermarkets, e-commerce, dinners and drinks, as well as accommodation.

Shenzhen has increased its quota of car license plates and provided government subsidies to encourage residents to buy hybrid and new energy vehicles. The city had also started another round of consumption subsidies of up to 15 percent discounts on electronic devices and white goods starting last Friday.

Meanwhile, the city has helped companies reduce their burden by more than 150 billion yuan ($21.56 billion) through various policies this year. These have effectively helped the majority of market entities overcome financial hurdles and resume production, said Wang Jun, deputy director of the city's Development and Reform Commission.

Chengdu, Sichuan province, one of the country's most popular tourist destinations, has big plans, too. The city has designed new offers, such as food plus performing arts or food plus cultural creativity, to encourage people to spend more. It plans to cash in on weekends, New Year's Day and Spring Festival rush.

To boost consumption, Fuzhou, capital of Fujian province, is offering free subway and bus rides on all public holidays and weekends through Feb 28.

Beijing has introduced a slew of measures as well to relieve the burden on businesses, meet market expectations and support steady economic growth. The list includes reducing taxes and fees, increasing policy support, resolving payment arrears and strengthening financial backing.

Official data show that the total tax and fee reductions, refunds and rebates in Beijing have reached 200 billion yuan so far this year, and 920 million yuan in arrears to small and medium-sized enterprises has been cleared.

进入12月，全国多地举办多种形式的消费季活动，助力消费复苏，城市“烟火气”逐渐回归。

从12月8日20时至12月19日24时，广州分三轮不间断发放消费券共计3000万元，派发的消费券涵盖轻茶餐饮、超市、电商、正餐住宿、百货五大类，面值从10元至100元不等。

海口市将开展全市促消费活动，并发放800万元政府消费券，包括400万元免税消费券和400万元餐饮零售消费券，发放日期为12月12日至17日。同时，海口全市免税行业也纷纷开启促销模式。此外，全市商超、汽车、家电、餐饮、零售等行业也纷纷加入此行列，商圈、夜市等众多业态同步推出巨惠狂欢。

而随着日前全国防疫政策的优化调整，多地景区重新开放，旅游消费释放积极信号。这几天，冬季旅游在四川拉开大幕，推出了“亿元”文旅专项消费券发放，奖补旅行社、“门票买一送一”等8项优惠政策。

为了进一步稳经济、促消费，深圳还将释放一系列“大招”，旅游、零售、汽车等多个行业即将收获一份“大礼包”。据了解，今年以来深圳拿出真金白银帮助企业发展，助力消费增长，已经为企业减负超过1500亿元。

同时，深圳还开展了多轮补贴活动，补贴范围涉及汽车、消费电子、家电、家居等多种商品。“乐购深圳”消费电子和家用电器购置补贴活动已于12月9日启动。该补贴实行“即买即享”，消费者可根据个人需求在参与活动的销售企业线下门店领取所需面额优惠券、购买符合条件的消费电子和家用电器，最高按照销售价格的15%给予补贴。接下来，深圳将适时实施新能源汽车新购置补贴政策，支持金融机构加大汽车信贷投放，鼓励市民购置新能源汽车。

此外，北京在落实减税降费、加强政策帮扶、清偿拖欠账款、强化金融支持等方面持续加大工作力度，多管齐下降成本、稳预期，有效助力本市经济平稳运行。据了解，北京全市今年已累计新增减税降费和退税缓税缓费近2000亿元，化解拖欠中小企业账款9.2亿元。

• China's grain output totaled about 686.53 billion kg this year, up 0.5 percent or 3.68 billion kg over 2021, data from the National Bureau of Statistics showed Monday. This is the eighth consecutive year for China to register a grain harvest of over 650 billion kg.

  我国粮食总产量创新高：国家统计局12月12日发布数据，2022年全国粮食总产量13730.6亿斤，比上年增加73.6亿斤，增长0.5%。粮食产量连续8年稳定在1.3万亿斤以上。

产业及公司新闻

• The Communication Big Data Trip Tracking Card, which traces the movements of people in China first introduced in March 2020, will no longer operate from midnight today, the service provider said this morning. Data from Trip.com shows that searches for cross-provincial travel and vacation during the Spring Festival rush increased 12 times between midnight and 1 p.m. today compared with the same period last week.

  “通信行程卡”明日正式下线：据“通信行程卡”微信公众号消息，12月13日0时起，正式下线“通信行程卡”服务。“通信行程卡”短信、网页、微信小程序、支付宝小程序、 APP等查询渠道将同步下线。携程数据显示，通信行程卡取消通知发出后，12月12日0时-13时，春运期间跨省游交通、度假等产品搜索热度环比上周同期大增12倍，机票搜索量基本和疫情前持平。

• The flight volume of two airports in Beijing are expected to reach 70 percent of daily flights in the same period in 2019 in the near future, CAAC North China Region Administration said on Sunday. Beijing Capital International Airport and Beijing Daxing International Airport saw a 63 percent increased in flights on Sunday, and the growth rate hit 100 percent on Saturday, and 169 percent on Monday. The number of inbound and outbound flights at Haikou Meilan International Airport reached more than 300 on Saturday, an increase of 50 percent within four days.

  多地机场航班量加速恢复：随着国内疫情防控政策不断优化调整，近日，北京首都、大兴两机场航班量呈现阶梯式上涨。12月10日，两机场航班日架次较前期增长100%，12月11日预计较前期增长169％。预计首都、大兴两机场航班日架次将于近期达到2019年历史同期日架次的70%。广州白云机场国际及地区客运通航点达到45个，数量已恢复至2019年的50%。12月10日，海口美兰国际机场进出港航班达300多架次，4日内指挥航班量增幅达50%。

• The latest Xiaomi 13 handset series is "the most powerful Xiaomi flagship model," a masterpiece that exceeds expectations, according to the Chinese firm's founder. The smartphone series, which has the new MIUI 14 operating system, is the first product released after Xiaomi's system software team was reorganized, Chairman Lei Jun said during a launch ceremony yesterday. Prices of the latest models start at 3,999 yuan and the Xiaomi 13 Pro costs at least 4,999 yuan.

  小米发布13系列手机和MIUI 14系统：12月11日，小米正式发布了小米13系列新机，并带来了全新的MIUI14以及5款小米科技生态新品。此次发布会上推出的小米13系列新品包括了小米13和小米13 Pro两款产品，二者均搭载了高通最新的旗舰芯片骁龙第二代处理器。MIUI 14操作系统启动了剃刀计划，可以将操作系统砍到只保留8个不可删除应用，实现了更小的系统内存占用和系统固件占用量，加入了MIUI光子引擎，提升了系统和第三方应用的启动响应速度等。售价方面，小米13标准版3999元起售，小米13 Pro起售价为4999元。

• Shandong Gold Mining, China's biggest producer of the precious metal, said it will take a majority stake in smaller rival Yintai Gold for 13 billion yuan, the two firms said yesterday. State-owned Shandong Gold will buy a 20.9 percent stake in Yintai Gold for 22.38 yuan per share, a 71 percent premium on its closing price of 13.09 yuan on Dec. 5, when trading in the stock was suspended.

  山东黄金拟入主银泰黄金：12月12日，山东黄金公告称，拟受让沈国军及中国银泰投资有限公司合计持有的银泰黄金20.93%股份，标的股份转让价款不高于130亿元。若本次转让全部顺利实施完成，山东黄金将成为银泰黄金的控股股东。按银泰黄金停牌前363亿的市值计算，山东黄金方面130亿出价的最高溢价率可达70%。

• Longfor Group Holding has become the first Chinese real estate developer to receive the help of a state-owned bank to repay overseas debts. Bank of China provided Longfor with a 700 million yuan offshore loan, with the Chongqing branch of BOC issuing financing guarantee to the developer and BOC Hong Kong offering loan financing for the company’s overseas units with Chinese yuan-denominated assets as guarantee, Beijing-based Longfor announced on Dec. 9.

  龙湖获首单“内保外贷”7亿资金：继信贷、发债、股权“三支箭”支持房地产后，银行助力房企境外融资的“内保外贷”也开始落地。12月9日，龙湖集团消息称，中国银行利用境内外市场资源，成功为龙湖集团提供“内保外贷”业务，该笔贷款规模为7亿元，已于12月9日实现提款。

金融市场消息

• China's new yuan-denominated loans totaled 1.21 trillion yuan (about 174 billion U.S. dollars) in November, central bank data showed Monday. The M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 12.4 percent year on year to 264.7 trillion yuan at the end of last month.China's newly added social financing grew by 1.99 trillion yuan in November, more than double the reading in October.

  11月人民币贷款增加1.21万亿：中国人民银行12月12日公布的数据显示，11月社会融资规模增量19900亿人民币，前值9079亿人民币。11月新增人民币贷款12100亿人民币，前值6152亿人民币。中国11月M2货币供应同比增长12.4%，前值11.8%。

• China will issue 750 billion yuan ($108 billion) worth of three-year special treasury bonds to bolster its economy, the Ministry of Finance said on Friday. The notes will be issued on December 12, and targeted and issued to particular banks in the interbank bond market.

  财政部发行7500亿特别国债：财政部网站12月9日消息，为筹集财政资金，支持国民经济和社会事业发展，财政部决定发行2022年特别国债。据介绍，发行方式方面，本期国债在全国银行间债券市场面向境内有关银行定向发行，人民银行将面向有关银行开展公开市场操作。本期国债为3年期固定利率附息债，发行面值7500亿元，可以上市交易。发行日和起息日定于2022年12月12日。

股市收盘情况

• Chinese stocks fell on Monday with some profit-taking following their sharp recent gains and as general caution prevailed in equity markets ahead of global central bank meetings. The benchmark Shanghai Composite fell 0.87 percent, while the Shenzhen Composite lost 0.89 percent. Hong Kong shares finished Monday with big losses, as the Hang Seng index sank 2.2 percent and the TECH index dropped 4.05 percent.

  A股震荡港股走低：周一A股三大指数全天弱势震荡，截至收盘，沪指跌0.87%，深证成指跌0.89%，创业板指跌0.79%，沪深两市全天成交额9098亿元。港股低开低走，恒生指数收跌2.20%，恒生科技指数收跌4.05%。

Biz Word of the Day

财经词汇划重点

• A financial guaranteeis an agreement that guarantees a debt will be repaid to a lender by another party if the borrowerdefaults. Essentially, a third party acting as aguarantorpromises to assume responsibility for a debt should the borrower be unable to keep up on its payments to the creditor. Domestic banks can provide guarantee to the overseas registered subsidiary of domestic firms for overseas banks to issue them loans.

  融资担保，是指担保人与银行业金融机构等债权人约定，当被担保人不履行对债权人负有的融资性债务时，由担保人依法承担合同约定的担保责任的行为。“内保外贷”是指境内银行为境内企业在境外注册的附属企业或参股投资企业提供担保，由境外银行给境外投资企业发放相应贷款。

Executive Editor: Sonia YU

Editor: LI Yanxia

Host: Stephanie LI

Writer: Stephanie LI

Sound Editor: Stephanie LI

Graphic Designer: ZHENG Wenjing, LIAO Yuanni

Produced by 21st Century Business Herald Dept. of Overseas News.

Presented by SFC

编委: 于晓娜

策划、编辑：李艳霞

播音：李莹亮

撰稿：李莹亮

音频制作：李莹亮

设计：郑文静、廖苑妮

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