China Economic Review Jan 22--China Economic Net

Investment and Economic Development - Improving investment efficiency is crucial for economic development, with a focus on precise and effective investment directions, supporting projects that address shortcomings, strengthen weak areas, benefit livelihoods, and increase momentum [1] - The investment environment should be fair and convenient to stimulate private investment vitality [1] Humanoid Robot Industry - The humanoid robot industry is emerging as a key area for technological competition, future industries, and economic development, with significant growth potential and broad application prospects [1] Policy Updates - The State Council has issued a document to regulate administrative inspections on companies, aiming to reduce arbitrary inspections and ease company burdens [1] - Subsidies will be provided for purchasing new digital products such as mobile phones, tablets, smart watches, and wristbands [1] - China aims to complete the main structure of a national data infrastructure by 2029 as part of its push to build a unified national data market and develop the digital economy [1] Industry Data and Performance - China's software and information technology services industry saw steady growth from January to November 2024, with combined software revenues of major companies reaching RMB 12.29 trillion, up 10.7% year-on-year [1] - The Hong Kong-Zhuhai-Macao Bridge Port recorded over 27 million passenger crossings and 5.55 million vehicle crossings in 2024, up 72% and 71% year-on-year respectively [1] - Horgos Port handled 8,730 China-Europe freight train trips in 2024, up 12.5% year-on-year, with cargo throughput reaching 12.08 million metric tons, up 10.9% year-on-year [1] - The Heishui River modern irrigation project, with an estimated investment of RMB 7.697 billion, started in Guangxi Zhuang Autonomous Region, supporting national strategies and enhancing security capacity [1] - China discovered over 20 million metric tons of copper ore deposits on the Qinghai-Tibet Plateau, significantly enhancing the nation's copper resource security [1] - Shanghai Port handled 51.5 million TEUs in 2024, maintaining its position as the world's busiest container port for 15 consecutive years, with rail-water intermodal transport volume exceeding 900,000 TEUs [1] - China's lithium exploration breakthrough increased its global share of lithium reserves from 6% to 16.5%, raising its global ranking from sixth to second [1] - The Chengdu-Chongqing Economic Circle's GDP is expected to grow to RMB 8.6 trillion in 2024, with its share of the country's GDP increasing from 6.3% to over 6.5% [1] - China's parcel delivery industry set new records in 2024, with total express delivery volume reaching 174.5 billion parcels, up 21% year-on-year, and business income surging to RMB 1.4 trillion, up 13% year-on-year [1] Meteorological and Satellite Services - China has built a comprehensive meteorological observation system, with an 80% meteorological disaster monitoring rate, and provided services to 132 countries through Fengyun satellites [1]