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1.Customs’ Revenue over 2 Trillion for the First Time in 2021

BEIJING, Feb. 2 (Xinhua) — The reporter learned from the General Administration of Customs that in 2021, the national customs tax revenue was 20,126 billion yuan, up 17.7% percent year-on-year, exceeding two trillion yuan for the first time. In 2021, the total value of China’s import and export of goods trade amount is 39.1 trillion yuan, an increase of 21.4 percent. In dollar terms, it is reaching USD 6.05 trillion, a record high.

2.The “14th Five-Year Plan” For Development of The Construction Industry

Xinhua News Agency, Beijing, February 2 (Reporter Wang Youling), the reporter recently learned that the Ministry of Housing and Urban-Rural Development released the “14th Five-Year Plan” for the development of the construction industry. During the “14th Five-Year Plan” period, China should initially form the framework of high-quality development system of the construction industry, construction market operation mechanism is more perfect, the basic sound engineering quality and safety protection system, construction industrialization, digitalization, intelligent level is greatly improved, the green transformation of the construction method is effective, accelerate the transformation of the construction industry from large to strong.

3.RCEP Trade Pact Takes Effect in South Korea

On February 1, the Regional Comprehensive Economic Partnership Agreement (RCEP) officially takes effect in South Korea. At present, the number of RCEP parties that have taken effect reaching 11. The cumulative rules of origin will be implemented on a wider scale, with lower tariff costs and more convenient customs clearance, ushering in new benefits for business development. In addition to lower tariff rates, RCEP also adopts high standard rules in trade facilitation, with higher customs clearance efficiency and more optimized customs clearance process.

4.Who Took 2.2 Billion Red Packets In The Spring Festival? Most of Them Grew Up in 80s

The “2022 Kuaishou Spring Festival Data Report” released by Kuaishou Big Data Research Institute on February 1 shows that before the Spring Festival, Kuaishou opened the “Join Kuaishou to share 2.2 billion” red envelope activity, the total number of red envelope activity interaction reached 11.46 billion times, the people grew up in 80s received the largest number of New Year’s Eve red envelopes. The users who got the greatest number of red envelopes received 1261 times, the users with the greatest number of PKs in the “cash shaking” activity received 1029 times, and the largest amount of red envelopes received in the “God of Fortune” activity was 6666 yuan.

5.January 2022 Mastercard Caixin BBD China New Economy Index Rises To 29.5

[Caixin] The Caixin BBD China New Economy Index (NEI) rebounded in January 2022, driven by rising capital investment. According to the data jointly released by Caixin Intelligence and BBD (DigitalLink) on February 2, the NEI recorded 29.5 in January 2022, or 29.5% of new economy inputs as a share of overall economic inputs, up by 1.4% from the previous month. The NEI includes three tier one indicators: labor, capital and technology, with weights of 40%, 35% and 25%, respectively. Among them, the capital input index recorded 39.4, up 4.9 from the previous month; the technology input index recorded 26.5, up slightly by 0.2; and the labor input index recorded 22.6, down by 0.9.

6.New Oriental’s K9 Training Business Suspended and Employees Reduced From 120,000 to 50,000

At the New Oriental Education and Technology Group’s 2022 Chinese New Year Party on Feb. 1, Yu Minhong said, “As of today, New Oriental’s ground-based K9 training business and online K9 training business, have been completely suspended.” He mentioned that there were more than 50,000 employees, teachers and managers who attended the New Oriental annual meeting. “This is the real core strength that we have retained from close to 120,000 people and gradually reduced our staff to today.”

7.The “King of Candy” Once Sold 6 Billion A Year, Decline in Sales

In 2011, Xufuji became a Nestle holding company, and in 2013, Xufuji’s sales exceeded 6 billion. 2019 revenue has shrunk to about 5 billion yuan. 2014, Xufuji’s market share fell to the third in China, the “King of Confectionery” throne no longer belongs to it. The entire Chinese candy market is shrinking. Data show that from 2014 to 2016, the size of China’s confectionery market shrank one after another, falling to 85 billion yuan in 2016. Since then, from 2016 to 2018, confectionery production also fell from 3.52 million tons to 2.88 million tons.

8.The Big Defeat of Xiabuxiabu: Higher Price and Worse Reputation, Abandoned by Capital

In March 2021, the six-year-long position of High Tide Capital liquidated its position in Xiabuxiabu (HK.0520), reducing its holdings by 57.72 million shares; during the same period, Morgan Stanley reduced its holdings by 99.23 million shares, decreasing its shareholding ratio from 9.25% to 0.93%.

In 2013, Xiabuxiabu had more than 400 stores nationwide, after which Xiabuxiabu entered a bottleneck in development: net profit growth plummeted from 86% in 2015 to 10% in 2018, and even in 2019, net profit began to grow negatively, down 37.7%. As of 2020, Xiabuxiabu brand revenue is down 26% year-over-year, while same-store sales are down by 25%.

【G Translators- Financial Team】
Author: 和理非