[Key Focus] Ministry of Commerce: Strive to maintain foreign trade operation within a reasonable range and achieve the goal of ensuring stability and improving quality throughout the year National Bureau of Statistics: The profit industry structure of industrial enterprises conti

[Key Focus]

Ministry of Commerce: Strive to keep foreign trade operation within a reasonable range and achieve the goal of ensuring stability and improving quality throughout the year

National Bureau of Statistics: The profit structure of industrial enterprises is constantly improving

[Domestic News]

• According to the Ministry of Commerce, from November to September, the actual amount of foreign funds used nationwide was RMB 1003.76 billion, an increase of 15.6% year-on-year in comparable caliber , and is equivalent to US$155.3 billion, an increase of 18.9%.

•Shu Jueting, spokesman of the Ministry of Commerce, said that the effectiveness of measures to stabilize the economy and promote consumption has been further demonstrated, and consumption is expected to continue to recover steadily; will strive to maintain foreign trade within a reasonable range, achieve the goal of maintaining stability and improving quality throughout the year, and continue to make positive contributions to the recovery and improvement of the national economy; my country is in contact, communicating and consulting with all members in accordance with the CPTPP joining procedure.

• According to Ministry of Human Resources and Social Security , as of the end of September, the number of people participating in basic pension, unemployment and work-related injury insurance in the country was 1.047 billion, 235 million, and 289 million, respectively. html From November to September, the total income of the three social insurance funds was 5.25 trillion yuan, the total expenditure was 4.89 trillion yuan, and the cumulative balance at the end of September was 7.24 trillion yuan, and the fund operation was generally stable.

• According to the National Bureau of Statistics, from January to September, the operating income of industrial enterprises above designated size increased by 8.2% year-on-year, continuing the rapid growth trend; achieved a total profit of 6244.18 billion yuan, a year-on-year decrease of 2.3%, and the profit industry structure of industrial enterprises continued to improve.

• According to China Council for the Promotion of International Trade , the "Survey Report on China's Foreign Investment Business Environment in the Third Quarter of 2022" shows that nearly 90% of foreign-invested enterprises in were relatively satisfied with China's business environment in the third quarter. Foreign-invested enterprises continue to be optimistic about the Chinese market and have a good overall evaluation of China's business environment and macroeconomic policies.

•China Aerospace Science and Technology Corporation Sixth Academy reported that my country's new generation manned launch vehicle engine has made a major breakthrough. my country's first high-altitude pump rear swing high thrust liquid oxygen kerosene engine has completed three test drives in total 650 seconds since September 28, with three battles and three victories.

•In the third quarter, People's Bank of China imposed economic penalties on two property companies and relevant responsible persons that refused to accept cash in accordance with the law. The People's Bank of China insists on combining publicity and guidance with serious punishment, and continues to promote rectification of the refusal of RMB cash, punishes and exposes the legal punishments for refusal of RMB cash, effectively protects consumers' legitimate rights and interests and safeguards the legal status of RMB.

•Changshu Bank's net profit in the first three quarters increased by 25.23% year-on-year to 2.079 billion yuan; Ningbo Bank's net profit in the first three quarters increased by 20.16% year-on-year to 17.191 billion yuan.

[International News]

•Bank of Canada raises interest rates 50 basis points, raising the interest rate from 3.25% to 3.75%, lower than market expectations, and the interest rate level is the highest since January 2008. The Bank of Canada said interest rates “need to be further raised” in view of high inflation; its governor McClum said the tightening phase would be nearing its end and was getting closer to its target, but it has not reached that point.

•Germany's consumer confidence index will rebound moderately in November after falling to an all-time low in October. Rolf Buerkl, a consumer expert at GfK, said it is too early to talk about the trend shift.

•Japanese Finance Minister Suzuki Shunichi said that the Japanese government will continue to take action against excessive fluctuations in the yen exchange rate.

•The Bank of Korea announced measures to stabilize the short-term money market and will conduct a 6 trillion won repurchase operation for local financial institutions.

•The governor of the central bank said that the possibility of a sharp interest rate hike is very low.

• Egypt's central bank raised the benchmark interest rate by 200 basis points to 13.25%.

• Spain's third-quarter unemployment rate was 12.67%, compared with the previous value of 12.48%.

•Brazil Central Bank maintains the key interest rate unchanged at 13.75%, in line with market expectations and stated that if necessary, it will resume interest rate hikes without hesitation.

[At a glance of domestic and foreign markets]

[Economic Data and Dynamics (Beijing Time)]

Editor: Wang Chunxia

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