1.”Shanghai’s 14th Five-Year Plan for Building a Globally Influential Science and Technology Innovation Center” Released Today
The document stated to anchor the long-term goal of 2035, focus on the construction needs of science and technology innovation centers and base on the city’s development reality. By 2025, Shanghai’s science and technology innovation policy source function will be significantly enhanced, and strive to become a new scientific discovery, new technological invention, new industry direction, and new development concept. As an important source, scientific and technological innovation fully empowers high-quality development, high-quality life, and high-efficiency governance, laying a solid foundation for the core functions of a scientific and technological innovation center city with global influence in 2030, and improving the energy level of Shanghai’s “five centers”, providing important support for the city’s core competitiveness.
2.Increase Coal Transportation Capacity in Eastern Mongolia and Northern Shanxi
The National Development and Reform Commission reported on September 29 that the General Office of the National Development and Reform Commission and the General Office of the National Railway Group recently issued the “Notice on Doing a Good Job in the Guarantee of Full Coverage of Railway Transport Capacity in Medium and Long-term Coal Direct Insurance Contracts by Power Generation and Heating Enterprises”.
The “Notice” requires that the transportation capacity guarantee for the supplementary signing of the medium and long-term contracts of thermal coal, the joint increase of the performance rate of the medium and long-term contracts of thermal coal and the increase in the recent release of advanced coal production capacity in Mengdong, Jinbei, Ordos, Yulin and other places. The provision of transportation capacity will further increase the tilt of coal transportation for power generation and heating.
3.Statistics of China’s Outward Direct Investment in 2020 are Officially Announced
On September 29, the Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange jointly issued the “Statistical Communiqué on China’s Outward Direct Investment in 2020”. In 2020, China’s foreign direct investment was US$153.71 billion, an increase of 12.3% year-on-year, and the volume of traffic ranked first in the world for the first time. At the end of 2020, China’s foreign direct investment stock reached 2.58 trillion US dollars, 45,000 foreign direct investment enterprises, more than 11,000 overseas enterprises established in countries along the “Belt and Road”, and direct investment of 22.54 billion US dollars.
4.Chongqing Xinsheng Port Opens Today
After more than 4 years of construction, on the morning of September 29, the first 10,000-ton wharf on the upper reaches of the Yangtze River approved by the Ministry of Transport, Chongqing Xinsheng Port, officially opened for operation.The total planned investment of Chongqing Xinsheng Port is 5 billion yuan, and 14 berths of 5,000-ton level are planned to be built, with a designed annual throughput of 25 million tons and the hydraulic structure takes into account the 10,000-ton level. The output value of commerce and logistics can be about 80 billion yuan. It is an important part of Chongqing’s construction of a shipping center on the upper reaches of the Yangtze River. The radiation scope mainly covers eastern Sichuan, Yunnan, Guizhou, western Hubei, and southern Shaanxi. The total GDP is about 6 trillion yuan, accounting for one-tenth of the country and the Yangtze River Economic Belt.
5.Application for Registration of Trademarks Such as “Ali Metaverse” and “Taobao Metaverse”
According to business data from Tianyancha, Alibaba Singapore Holdings Co., Ltd. has recently applied for the registration of trademarks such as “Ali Metaverse”, “Taobao Metaverse” and “Dingding Metaverse”. The international classification covers 9 categories, scientific instruments, 35 advertising sales, 41 types of education and entertainment, etc. The current trademark status is in the process of registration.
6.Some Raw Materials Price Soared By More Than 200%!
Since the beginning of this year, the market for new energy vehicles and lithium batteries has continued to be hot and the prices of upstream raw materials for lithium batteries have risen rapidly. Among them, the cathode material is the most critical raw material for lithium batteries, including lithium carbonate and lithium hydroxide. At present, lithium carbonate, lithium hydroxide, electrolyte, etc. have all increased to varying degrees, and some raw materials have increased by more than 200% compared with the beginning of this year.
At present, the price of battery-grade lithium carbonate is close to 190,000 yuan/ton. In the past month, the price has risen by more than 50%. Compared with the price of around 57,000 yuan per ton at the beginning of the year, the increase has been as high as 233%. Since the beginning of this year, the entire raw material has fluctuated greatly and the current lithium carbonate platform price will increase by about 3,000 yuan per ton per day.
7.Shanxi Signed Coal Supply Guarantee Contracts with 14 Provinces, Autonomous Regions and Municipalities
According to Xinhua News Agency, on September 29, the signing of mid- and long-term coal contracts in the four quarters of the 14 provinces, autonomous regions, and municipalities in Shanxi Province was held in Taiyuan, Shanxi. According to relevant requirements, the central coal enterprises in Shanxi will guarantee supply to 5 provinces and cities including Tianjin, Fujian, Hebei, Guangdong, and Liaoning. Jinneng Holding Group Co., Ltd. will connect with 6 provinces and regions including Guangxi, Jiangsu, Jilin, Anhui, Shanghai and Zhejiang. City, Shanxi Coking Coal Group assumes the task of guaranteeing supply in Henan Province, Huayang New Materials Group assumes the task of guaranteeing supply in Hainan Province, Lu’an Chemical Group assumes the task of guaranteeing supply in Shandong Province, and the remaining tasks of guaranteeing supply are undertaken by coal enterprises in Shanxi Province.
8.Central Bank will Conduct Another 5 Billion Yuan of Central Bank Bill Swap
The Communist China central bank website announced on the 29th that on September 29, it will carry out the ninth central bank bill swap (CBS) operation in 2021.The operation volume of the current period is 5 billion yuan and the period is 3 months. The fixed-rate quantity bidding for the open market business primary dealers is carried out at a rate of 0.10%. The first settlement date is September 29, 2021 and the expiry date is December 29, 2021 (postponed in case of holidays). Operation volume reached 45 billion during the year.
【G Translators- Financial Team】