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From Jan. to May, Ministry of Finance levied RMB 477.8 billion from Chinese personal income tax, down 30.7% YoY.
National Bureau of Statistics: In May, China’s total retail sales of consumer goods amounted to RMB 3.29 tln, up 6.4% YoY.
Chinese internet giant Tencent teamed up with Liaoning Provincial People’s Government on Wednesday to develop smart cities, digital government services and industrial Internet in Liaoning Province, northeast China.
Ministry of Commerce: From January to April, China's export of service trade increased by 10.1% YoY.
Blue Paper on Employment in 2019: The employment rate of undergraduate graduates (91.0%) continued to decline slowly, 1.6% lower than that of 2014 (92.6%); the employment rate of the graduates from higher vocational college was 92.0%, 0.5% higher than that of 2014 (91.5%).
Ten ministries and commissions will control the number of public hospitals to leave room for development of non-governmental hospitals.
Statistics Bureau: the prices of fresh fruit rose by 10.1% MoM due to reduced supply.
Statistics Bureau: CPI rose 2.7% YoY in May, hitting a new high in 15 months and food prices rose by 7.7%.
Universal life insurance continues to be high in demand, premiums have increased by 40%, and some banks even restricted these purchases.
According to American venture capitalist Mary Meeker, China’s Internet users have reached 820 mln, and short video continues to maintain steady growth.
In 2018, the expenditure of social security fund was around RMB 5 tln, a 40% increase in two years.
In the first five months of 2019, the export volume of China's rare earth was 1,9265.8 tons, a decrease of 7.2% YoY. The export volume of rare earth in May was 3639.5 tons, a decrease of 16% from the previous month.
The accumulated balance of basic endowment insurance fund for employees exceeded RMB 5 tln for the first time.
The Ministry of Communications reiterates its call for the timely installation of ETC, and the installation and replacement of the vehicle-mounted device is free.
Two subway lines in the Beijing's subsidiary administrative center will be open to traffic by the end of the year.
Ministry of Transport: City passes of 260 cities in China will be interconnected this year
Ministry of Human Resources and Social Security: Financial products including bank financing, commercial endowment insurance, and funds that meet the Ministry's requirements are allowed to fulfil as the third pillar of endowment insurance.
Heilongjiang Province is China's largest soybean producing area, accounting for 40%-50% of the country's area and output.
Ministry of Human Resources and Social Security: In the past 40 years, a total of 3.65 mln Chinese students who studied overseas had returned back to China.
In May, new houses transaction in Shanghai was 687,000 square meter, a decrease of 37.9% MoM.
General Administration of Customs: China exported 19.2 thousand tons of rare earths in the first five months of 2019, an decrease of 7.2% YoY.
General Administration of Customs: China's trade surplus with the United States increased by 11.9% in the first five months of 2019.
China's foreign exchange reserves in May reached USD 310 bln, an increase of USD 6.1 bln over April. The amount of foreign reserves in May also reached its highest since September last year.
General Administration of Customs: China's trade surplus with the United States expanded by 11.9% in the first five months of 2019.
According to customs data, China's coal imports in May increased 23% YoY to 27.47 mln tons. In May, China's domestic coal spot price fell by 1.3%, while the benchmark Newcastle coal price in the Asia-Pacific market fell by 12% over the same period.
Ministry of Commerce: China spent USD 35.6 bln on the rightful use of intellectual property in 2018.
James Gorman, CEO of Morgan Stanley: The yield curve inversion is worrying, and it also meant the stock market face downside risk. The bank will be surprised if the Fed cut interest rates three times before the end of 2020.
China's PBoC will carry out a reverse repo of RMB 20 bln for 7 days.
From January to April, 207 projects were signed for promoting industrial development with a total fund of around RMB 114 bln in Chongqing, southwest of China. Most projects cover sectors of electronics, automobiles and software.
The US government delays ban on China's Huawei for 90 days.