The six major data of China's economic development in the first quarter of

Date 1GDP: 6.4% growth, economic operation in a reasonable rangeAccording to the statistics of the National Bureau of Statistics, the preliminary calculations showed that the GDP in the first quarter was 2,13,433.3 billion yuan, which was 6.4% year-on-year at comparable prices, which was flat compared with the fourth quarter of last year.In general, the national economy continued to operate in a reasonable range in the first quarter, continuing the overall stable, steady and progressive development trend, and the positive factors gradually increased, laying a good foundation for the stable and healthy development of the economy throughout the year.Data 2Taxation: The growth rate dropped by 11.9 percentage points, and the negative effect continued to appear.In the first quarter, the national tax revenue increased by 5.4%, and the growth rate dropped by 11.9 percentage points year-on-year. Among them, the domestic value-added tax increased by 10.7%, down 9.4 percentage points from the same period of last year; personal income tax fell by 29.7% year-on-year, and the growth rate dropped by 50.4 percentage points. Special income such as education surcharges decreased by 0.8% year-on-year, and the growth rate dropped by 14.3 percentage points.Data 3Financial revenue: An increase of 6.2%According to statistics from the Ministry of Finance, the national general public budget revenue in the first quarter was 536.56 billion yuan, an increase of 6.2%; the expenditure was 586.29 billion yuan, a year-on-year increase of 15%, an increase of 4.1 percentage points over the same period of last year, and the efficiency of the use of fiscal funds was accelerated.Data 4Foreign Trade: An increase of 3.7%, achieving a smooth startAccording to customs data, the total value of China's import and export of goods in the first quarter was 7.01 trillion yuan, a year-on-year increase of 3.7%. In March, China's imports and exports increased by 9.6%, of which exports were particularly bright, achieving 21.3% growth.At present, the dynamism of the world economy and trade is weakening, and foreign trade development faces many uncertain factors. China's first-quarter foreign trade has achieved a smooth start, which is closely related to China's introduction of a series of measures to stabilize foreign trade and expand openness. Under pressure, China's foreign trade should be stabilized and upgraded. On the one hand, foreign trade enterprises should accelerate their transformation, on the other hand, they should optimize the trade structure.Data 5Consumption: nearly 10 trillion yuan, the main driver of economic growth is still strongIn the first quarter, the total retail sales of consumer goods nationwide totaled 977.90 billion yuan, an increase of 8.3% year-on-year. Among them, the online retail sales amounted to 2,237.9 billion yuan, an increase of 15.3%. The contribution of final consumption expenditure growth to economic growth was 65.1%, and consumption continued to be the dominant force in demand. Among the final consumption expenditures of all residents, service consumption accounted for 47.7%, an increase of 1.4 percentage points over the same period of the previous year.Data 6Foreign capital: Foreign investment increased by 5.5% in the first two monthsAccording to data from the Ministry of Commerce, in the first two months of this year, China’s actual use of foreign capital was 147.11 billion yuan, an increase of 5.5%. Among the main sources of investment, South Korea, the United States, the Netherlands, Germany, and France increased their investment in China by 35.6%, 44.3%, 174.8%, 39.9%, and 113.3%, respectively. The actual utilization of foreign investment in the Pilot Free Trade Zone increased by 35.1%.

The five key industries development direction in the Yangtze River Delta

In light of the important policy texts of the development of the Yangtze River Delta in recent years, and the development trend of Global Science and Technology Industry, integrated circuits, biomedicine, intelligent manufacturing, new materials and new energy vehicles are currently advancing the process of higher quality integration in the Yangtze River Delta. The five major industries that deserve special attention.Integrated CircuitThe Yangtze River Delta region is the leader in the development of China's Integrated Circuit Industry. Its industrial sales volume accounts for more than 60% of the country's total. It is the region with the most complete integrated circuit industry chain and the highest comprehensive technical level.A total of 4 cities in the Yangtze River Delta region have entered the ranks of the Top 10 major cities in the national IC design industry, gathering 55% of domestic integrated circuit manufacturing companies, 80% of packaging and testing companies, and nearly 50% of integrated circuit design companies. 63% of the country has formed a relatively complete integrated circuit industry chain including research and development, design, chip manufacturing, packaging testing and support industry, and emerging national integrated circuits such as SMIC, Changjiang Electronics, and Micro-Semiconductor and other leading enterprise.Bio-pharmaceuticalThe bio-pharmaceutical industry in the Yangtze River Delta region has a large scale and high quality, and its output value and technical level are among the highest in the country. With a high degree of industrial agglomeration, Shanghai Bio- and New-Pharmaceutical R&D and Production Center has been established. A number of leading enterprises have emerged in various places, forming regional brand effects, such as Yangzijiang Pharmaceutical and Xiansheng Pharmaceutical in Jiangsu. Take Shanghai as an example, in 2017, the economic aggregate of Shanghai's biomedical industry reached 304.6 billion yuan, of which the main business income of the manufacturing industry reached 109.3 billion yuan, surpassing the 100 billion yuan for the first time.Intelligent ManufacturingDriven by China's “Belt and Road” and the development strategy of the Yangtze River Economic Belt, the Yangtze River Delta region has accelerated the technological transformation and transformation and upgrading of traditional industries, vigorously developed intelligence manufacturing, and advanced the technological innovation and institutional innovation to lead the manufacturing industry toward the middle and high-end. Become the core area of China's intelligent manufacturing industry.The characteristics of the intelligent manufacturing industry in the Yangtze River Delta region are mainly reflected in the hardware manufacturing process. With Shanghai, Nanjing, Hangzhou, Ningbo and other cities as the core, they have taken advantage of their respective industries and cultivated a group of intelligent manufacturing equipment industry clusters with outstanding advantages and distinctive characteristics.In general, the smart manufacturing in the Yangtze River Delta region is mainly concentrated in the “Triangular Region” consisting of Nanjing, Shanghai and Ningbo. The cities with good smart manufacturing and development such as Suzhou, Wuxi, Changzhou and Hangzhou are all covered by the region.New MaterialThe Yangtze River Delta Region is the region with the largest number of New Material Industry Bases in China, accounting for more than one-third of the total New Material Industry Bases in the country, forming a New Material Industry cluster including aerospace, new energy, electronic information, and emerging chemicals. According to incomplete statistics, there are about 200 new materials listed companies in the Yangtze River Delta region.Among them, Shanghai is an important base for research, development and production of new materials in China and one of the largest application markets. New metal materials, new organic materials and new building materials have become the pillars of Shanghai's new materials industry, with output value accounting for more than 90% of the total output value of the city's new materials industry.New Energy AutomobileThe Yangtze River Delta region is the leading region for the rapid development of China's New Energy Automobile Industry. According to incomplete statistics, 14 of the 30 cities in the Yangtze River Delta urban agglomeration have obtained or planned new energy vehicle projects involving new energy vehicle projects with 20, the cumulative planned production capacity of 2.795 million vehicles, the cumulative planned investment of 71.52 billion yuan.

Tianjin is at the forefront of reform

The Belt and Road Initiative has brought new and important opportunities for Tianjin to stand at the forefront of reform and opening up, State Councilor and Foreign Minister Wang Yi said on Tuesday."Tianjin is a place where land and maritime Silk Road meet, as well as an important city along the New Eurasian Land Bridge Economic Corridor," Wang said.Wang made the remark at an event promoting the city's advantages to foreign diplomatic missions in Beijing.This promotional event was the first ever held for a municipality directly under the central government.Tianjin is a pioneer of China's modern industrial development, and has a long history of foreign exchanges, Wang said.In recent years, the city has committed to promoting high-quality development, integrated itself to the Beijing-Tianjin-Hebei coordinated development strategy and has built the pilot free trade zone, he added.Li Hongzhong, a member of the Political Bureau of the Communist Party of China Central Committee and secretary of the CPC Tianjin Municipal Committee, said that Tianjin will continue opening up and strengthening cooperation and exchanges with other countries in areas like trade, science and technology, education, culture and tourism.Zhang Guoqing, mayor of Tianjin, invited friends from home and abroad to invest and operate in the city to achieve mutual benefits and win-win development.Andrey Denisov, the Russian ambassador to China, said that Russia has extensive economic and people-to-people interactions with Tianjin, and welcomes leaders, businesses and the cultural community in Tianjin to visit Russia and sign more cooperation agreements with Russian cities.Source: China Daily

The Sun-Central has cooperated with Tanikawa

As a key Industrial Park for the implementation of national coastal development and Yangtze River Delta integration development strategy, Sutong Technology Industrial Park has always been committed to integrating production, life, commerce and residence and becoming a high-tech, ecological, international and comprehensive “Jianghai Eco-city, International Pioneer Park”. As a investment cooperation partner of the park, Tanikawa has thoroughly implemented the concept of “Internet + Merchants” and combined with experienced professional investment team to introduce quality projects for the park. Among them, Shanghai Shangyang Fluid Technology Co., Ltd (Sun-Central) successfully signed a contract with Sutong Science and Technology Industrial Park under the help of Tanikawa.Sun-Central developing pollution-free advanced production processes and clean production technologies, Shangyang Fluid is committed to protecting vital resources that are closely related to life – clean water, fresh air, Rich minerals and energy, safe food, GMP-compliant medicine and a healthy environment.At present, Shangyang Fluid provides high-performance filter materials and filtration equipment for more than 60 countries and regions in Europe, America, Asia and the Middle East. It provide a full range of cleaner production solutions and services for vehicle manufacturing industry, food processing industry, thermal power generation, oil and gas, mineral extraction processing industry, and to create a cleaner, safer, healthier, and more sustainable world.

Beijing sets sights on further opening

Beijing will open its financial sector wider to the world in three years, as the city undertakes a major push to deepen reform and opening-up in the service industry, a vice-mayor said on Wednesday.Yin Yong, vice-mayor of Beijing, said the financial sector is on the top of the list of the capital city's opening-up undertakings. One of the major tasks is to strengthen the city's role as a financial management center, which can facilitate China's financial reform and opening-up, as well as risk prevention, he said.He made the remarks at a news conference, introducing in detail a three-year action plan for Beijing to continue opening up its service sector. The plan gained approval from the State Council in January.Among the 177 measures listed in the plan, those concerning the financial sector account for more than 25 percent, Yin said.This year, Beijing plans to "launch a series of heavyweight financial institutions, foster and develop financial technology and green finance, promote the sector's opening-up and innovation, and improve the supervision system," Yin said.For the insurance, asset management and securities industries, Beijing will raise the foreign ownership cap to 51 percent this year, Yin said. "The city will remove the limit completely in two years."The plan said Beijing should step up efforts to streamline administration, delegate power to lower levels and improve regulation and services, seek to open the service sector wider, and create a sound business environment.Yin said Beijing will further optimize the business environment in the capital city for foreign investors, foreign companies and foreign talents. For instance, the city will explore the mode for negative list management in all fields, he said. A negative list defines areas in which foreign enterprises are not allowed to invest.Beijing started to commit itself to service sector opening-up in 2015, when the State Council approved the pilot programs. Li Chenggang, assistant minister of commerce, said the pilot programs have improved the development of modern services in Beijing and played a leading role in the country.Li said the Ministry of Commerce will join the city to speed up the implementation of the measures and make breakthroughs in service sector development, in order to offer more useful experiences for advancing a new round of high-level opening-up nationwide and building an open economy.For years, China has been dedicated to shifting its economic growth model toward one driven by consumption, services and innovation. Data showed the service sector has been contributing more to the country's economic growth.The sector's value-added output accounted for 52.2 percent of GDP in 2018, 0.3 percentage point higher than the previous year, according to the National Bureau of Statistics.Source: China Daily

The Strix has cooperated with Tanikawa

Strix is a listed company in London, the world's largest manufacturer of kettle thermostats, which accounts for 40% of the global market in the same industry. The company has nearly 500 global patents and nearly 1,000 employees. With the continuous increase in investment in China, it is extremely urgent for Strix to set up new companies.After careful consideration, Strix decided to invest 30 million US dollars to set up an Asia-Pacific regional R&D center and a centralized production base. At the same time, they chose to cooperate with Tanikawa to carry out entrusted site selection. According to our company's understanding, the company's intention area includes many core cities in Guangdong Province. Because the Strix's business involves domestic sales, it has extremely high requirements for transportation convenience and labor cost.On the basis of in-depth insight into the needs of Strix, Tanikawa's Pearl River Delta localization service team responded quickly, inspected the investment areas, conducted multi-party research on location transportation, production costs, and business environment, and sorted out various investment plans. The large amount of materials and data formed by professional site selection personnel day and night to provide valuable reference information and site selection advice for enterprises, but also played a key role in enterprise location decision.Relying on the Science Site Selection Decision Model from Tanikawa, after repeated rounds of screening and negotiation, the two sides gradually designated the intention area as Guangzhou City and further narrowed it to Zengcheng District. In less than one year, the project was successfully settled in Zengcheng District. Zengcheng District's superior location conditions, beautiful green environment and good surrounding facilities were quickly recognized by the Strix Headquarter. At the same time, as an industry leading enterprise, the company will add new development momentum to the industrial cluster development in Zengcheng District.