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每日新闻播报(January 27)

chinadaily.com.cn 2022-01-27 17:24


>Energy conservation and emissions reduction

Aerial photo taken on Aug 17, 2020 shows a photovoltaic power station at the green industrial development park in the Tibetan autonomous prefecture of Hainan, Northwest China's Qinghai province. [Photo/Xinhua]

China will control its total energy consumption and cut the energy consumption per unit of gross domestic product by 13.5% by 2025 compared with 2020 levels, to lay a solid foundation for achieving carbon neutrality, according to a five-year plan on energy conservation and emissions reduction released by the State Council.

Total emissions of chemical oxygen demand and ammonia nitrogen will see an 8-percent drop, and that of oxynitride and volatile organic compounds will be reduced by more than 10% from 2020 levels, said the plan.

"Policies and mechanisms for conserving energy and reducing emissions will be improved, energy use efficiency and control of the discharge of major pollutants in key industries will reach advanced international levels, and notable progress should be made in the green transformation of economic and social development," the plan said.

A total of 10 major projects, including green upgrading in key industries, emissions reduction in communication and logistics industries, and the clean and efficient use of coal, will be launched with clear targets.


>Fiscal revenue jumps 10.7% in 2021

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. [Photo/IC]

China's fiscal revenue rose 10.7% year on year to hit 20.25 trillion yuan in 2021, Xu Hongcai, vice minister of finance, said Tuesday. It nearly doubled from the 2012 figure of 11.73 trillion yuan, Xu said at a press conference.

The central government collected about 9.15 trillion yuan in revenue, up 10.5% year on year, while local governments saw revenue up 10.9%, to 11.1 trillion yuan.

"The recovery of economic growth and higher producer prices helped drive up fiscal revenue in central and local governments," Xu said.

Buoyed by rising commodity prices, upstream enterprises reported significant revenue and profit increases last year, driving the growth of fiscal revenue, he said.

The country's fiscal spending edged up 0.3% year on year, to 24.63 trillion yuan in 2021.


>Hurun Global Gazelle Index 2021

The central business district of Beijing. [Photo/IC]

China has the second-highest number of gazelle companies in the world, according to the Hurun Global Gazelle Index for 2021 released on Tuesday.

Gazelle companies refer to start-ups founded in the 2000s that are worth over $500 million and most likely to go "unicorn," or hit a valuation of $1 billion, within three years.

Among the 525 gazelle companies Hurun Research found in the world, 201 are from the US, ranking first on the list, with China in second place with 171.

Seven Chinese cities are included in the top 20. China's financial center Shanghai and capital Beijing grabbed the second and third spots, with 54 and 39 gazelles companies, following San Francisco with 59.

Top five industries attracting gazelles from China are biotech, enterprise services, AI, healthtech and e-commerce.


>IMF downgrades 2022 global growth forecast

The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, Sept 4, 2018. [Photo/Agencies]

The International Monetary Fund (IMF) on Tuesday projected the global economy to grow by 4.4% in 2022, down by 0.5 percentage points from October's forecast, according to a newly released update to its World Economic Outlook report.

Growth will slow as economies grapple with supply disruptions, higher inflation, record debt and persistent uncertainty, First Deputy Managing Director Gita Gopinath said at a virtual press briefing. "The rapid spread of the Omicron variant has led to renewed mobility restrictions in many countries and increased labor shortages," said Gopinath, who was previously IMF's chief economist.

She added that while Omicron will weigh on activity in the first quarter of 2022, this effect will fade starting in the second quarter.


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