In February, the monthly operating rate of the main products of construction machinery was 44.6%, an increase of 12.3 percentage points year-on-year. In March, China's retail sentiment index was 50.2%, up 0.1 percentage points from the previous month. In late February, the average daily crude steel production of key steel enterprises increased by 5.0% month-on-month...... Recent data from a number of high-frequency indicators and leading indicators showed that the "heat" of the economy is rising and the vitality continued to be released. According to expert analysis, in the first quarter of this year

Recently, the exchange rate of the renminbi against the US dollar has shown a fluctuating upward trend. As of the close of trading on March 12, the onshore yuan rose 0.54% against the US dollar in March, rebounding from near the "7.3" mark to around the "7.2" level. Wang Qing, chief macro analyst of Oriental Jincheng, believes that in recent times, the US dollar and US stocks have fallen sharply

The Industrial and Commercial Bank of China (ICBC) and the All-China Federation of Industry and Commerce (ACFEDERATION) jointly held the "Financial Assistance to Enterprises, New Quality Improvement" Financial Empowerment of Private Enterprises High-quality Development Promotion Conference in Beijing.

According to the latest VAT invoice data released by the State Administration of Taxation, from October 2024 to February 2025, the sales revenue of enterprises nationwide increased by 1.1 percentage points compared with the third quarter of 2024. The invoice data reflects the following five highlights of economic operation: First, the manufacturing industry has grown steadily, and the supporting role of equipment manufacturing is strong. Second, the growth momentum of emerging industries is good, and the development of new quality productive forces is accelerating. Third, the equipment renewal has been steadily promoted, and the trade-in of consumer goods has continued to improve. Fourth, ecological and environmental protection services have grown rapidly, and the clean energy industry has developed rapidly. Fifth, inter-provincial trade continues to be unimpeded, and the construction of a unified market is advancing in an orderly manner.

In February 2025, a total of 54 cities in 31 provinces (autonomous regions and municipalities directly under the central government) and the Xinjiang Production and Construction Corps opened 326 urban rail transit lines, with an operating mileage of 10,975.8 kilometers, 3.3 million trains, 2.40 billion passenger trips, and 1.44 billion station visits.

According to customs statistics, in the first two months of 2025, the total import and export value of China's trade in goods was 6.54 trillion yuan, a year-on-year decrease of 1.2%. Among them, exports were 3.88 trillion yuan, an increase of 3.4%; imports were 2.66 trillion yuan, down 7.3%.

Zheng Shanjie, Director of the National Development and Reform Commission, said at a press conference on the economic theme of the Third Session of the 14 thNational People's Congress on 6 March that the expected economic growth target of about 5 percent this year was put forward steadily and prudently by the CPC Central Committee and the State Council after comprehensive research and judgment, scientific demonstration, and systematic balance.

Third Session of the 14th National People's Congress opened in the Great Hall of the People on the morning of the 5th, Xi Jinping and other Party and State Leaders attended the opening meeting, and Premier Li Qiang of the State Council made a government work report to the conference.

In accordance with the Customs Law of the People's Republic of China, the Customs Law of the People's Republic of China, the Foreign Trade Law of the People's Republic of China and other laws and regulations and the basic principles of international law, with the approval of the State Council, tariffs will be imposed on certain imported goods originating in the United States from March 10, 2025. The relevant matters are as follows

Recently, the State-owned Assets Supervision and Administration Commission of the State Council revised and issued the "Rules for the Operation of State-owned Assets Transactions of Enterprises". The revision of the "Rules" is mainly reflected in the following aspects: First, improve the content of the operation specifications for the transaction of state-owned assets of enterprises.

The Third Session of the 14th National People's Congress (NPC) will hold a press conference at 12 o'clock on March 4, 2025 (Tuesday) in the press conference hall of the Great Hall of the People, and the spokesperson of the session will answer questions from Chinese and foreign reporters on the agenda of the congress and issues related to the work of the NPC.

The General Administration of Customs, the National Immigration Administration and the Civil Aviation Administration of China jointly issued a notice on several measures to further promote the facilitation of customs clearance at air ports. The notice pointed out that the 7×24 customs clearance guarantee system for major air ports with conditions such as Beijing-Tianjin-Hebei

On February 22, the official WeChat account of the Shanghai Shipping Exchange released a weekly report on China's foreign trade import oil tanker transportation market, showing that the freight rate of VLCC oil tankers in the global crude oil transportation market has rebounded significantly.

It was learned from CNOOC Tianjin Branch that China's first large-scale ultra-heavy oil thermal recovery and development oilfield - Lvda 5-2 North Oilfield Phase II Development Project was put into operation on the 21st. Lvda 5-2 North Oilfield Phase II Development Project is located in the central part of the Bohai Sea

According to the latest statistics from Trend Force, global sales of battery electric vehicles (BEVs), plug-in hybrid electric vehicles (PHEVs), and hydrogen fuel cell vehicles reached 16.29 million units in 2024, an increase of 25% year-on-year, of which the Chinese market accounted for 67%. Global NEV sales are expected to increase by 18% annually in 2025.