China’s Auto Exports See Rapid Growth

Chinas Auto Exports See Rapid Growth

Statistics released by Chinas General Administration of Customs showed that 1.32 million vehicles were exported during the period from January to August this year， up 117.5 percent year-on-year， and exceeding last years total. Among them， a total of 173，000 new energy vehicles （NEVs） were exported， up 4.5 times year-on-year， contributing about 20 percent to the growth in auto exports.

According to Shu Yuting， spokesperson for the Ministry of Commerce， Chinas rapid growth in auto exports can be attributed to three factors： the global rebound in the auto market， the significant impact of NEV exports， and the increasing international competitiveness and international influence of Chinas auto companies.

On the one hand， domestic enterprises have accelerated the pace of developing their overseas market entry strategies with the launching of more NEVs； on the other hand， Tesla and some other foreign companies have increased investment in China to build export bases for NEVs.

Statistics show that during the January-August period， the SAIC-MG brand sold nearly 19，000 NEVs in Europe， up 133 percent year-on-year， while the iSmart system was well received by consumers in Thailand， India， Indonesia， and other countries.

China Post Achieves Fastest Profit Growth in Five Years

The Universal Postal Union celebrated the World Post Day 2021 virtually on October 8 with the theme “Innovate to Recover.” In his speech on World Post Day， Liu Aili， chairman of China Post Group Corporation， said the company saw rapid profit growth during the first eight months this year.

From January to August， revenue of the SOE was 9.37 percent higher than last year， and its profits exceeded 21.94 percent， a new five-year high， said Liu.

Over the past year， the state-owned postal service provider implemented a three-year action plan to remodel itself， rolling out measures to enhance its corporate governance and market-based operation mechanisms， improve service quality， and service in rural areas with a three-tier logistics system at the county and rural levels.

Going forward， China Post will promote the separate operation of universal services and competitive ones as a way of deepening reform. The SOE plans to continue deepening reforms on its express delivery and logistics services while building a comprehensive platform providing multiple services like e-commerce， delivery， and finance.

China Promotes Social Capital Investment in Rural Areas

The Ministry of Agriculture and Rural Affairs announced recently that it will guide local governments to adopt multiple measures to further guide and support private capital investment in rural areas.

Private enterprises are an important social force in helping rural development. By the end of 2020， 127，000 private enterprises had participated in the targeted poverty alleviation campaign of “10，000 enterprises helping 10，000 villages，” with assistance given to 139，100 villages and skills training arranged for 1，305，500 people， benefiting 18，038，500 registered poor people， statistics from the ministry show.

At the new stage of consolidating and expanding poverty alleviation efforts， policy efforts will be further strengthened to guide social capital to support rural vitalization.

According to the ministry， in the future， it will guide local governments to take multiple measures to build an effective platform to link themselves with private enterprises， in a bid to promote healthy and sustainable development of rural industries.

Meanwhile， the Peoples Bank of China （PBC） and other departments have also adopted a variety of policy measures to guide financial institutions in innovating financial products and services， and increasing the supply of financial resources as well as credit support for agriculture， rural areas， and farmers.