>China plans to boost digital economy
China's State Council on Wednesday rolled out a plan to facilitate development of the digital economy in the 14th Five-Year Plan period (2021-2025).
The country aims to raise the proportion of the added value of core digital economy industries in its GDP to 10% in 2025, up from 7.8% in 2020, according to the plan. By 2025, China will see the digital transformation of industries reach a new level, digital public services will become more inclusive, and the digital economy governance system will improve noticeably.
It details key tasks in eight areas, including optimizing and upgrading digital infrastructure, pushing forward the digital shift of enterprises, and expanding international cooperation on the digital economy.
According to the document, China will strengthen its support of 6G research and development, enhance innovation in strategic fields such as integrated circuits and artificial intelligence, and facilitate the development of new business modes.
The country will also explore establishing regulations in the fields of cross-border data flows, market access, anti-monopoly work, the digital yuan and privacy protection in the digital era, drawing on international rules and experience.
>China's CPI rises 1.5% in Dec
China's consumer price index rose by 1.5% year-on-year in December, down from 2.3% in the previous month, the National Bureau of Statistics said on Wednesday.
The slower growth of consumer inflation was mainly attributed to the decline in food prices, with pork price dropping 36.7% year-on-year in December.
Prices of industrial consumer goods also saw slower growth, rising 2.9% year-on-year, according to NBS.
The country's whole-year consumer inflation grew slower than expected, up 0.9% year-on-year.
Meanwhile, China's producer price index rose 10.3% year-on-year in December, down from 12.9% in the previous month, NBS said.
>BFA to hold its 2022 annual conference
The Boao Forum for Asia (BFA) Secretariat held a press conference in Beijing on Jan 12 for its 2022 annual conference, where Secretary General Li Baodong talked about preparations for the conference.
Li confirmed that BFA will hold its annual conference in the spring at Boao of Hainan Province as usual, where leaders and government officials of various countries, including the host country China, politicians, heads of international organizations, guests from business and academia, as well as the media will gather and discuss the post-pandemic development agenda for Asia and the world.
This year’s annual conference will be an on-site occasion supplemented with online links. The exact date for the conference is yet to be released.
Li emphasized the necessity to actively seize and rein in the post-pandemic development trend with a forward- looking perspective, despite the uncertainty over when the pandemic would be over.
>Hainan records surging duty-free shopping
The southern Chinese island province of Hainan reported 49.5 billion yuan in offshore duty-free shopping in 2021, up 80% year on year, with more than 70 million items bought by 6.72 million shoppers.
The per capita shopping amount registered in the offshore duty-free shops (DFS) of Hainan logged 7,368 yuan, an increase of 20.2% from 2020. Cosmetics, watches, and jewelry were among the top three best-sellers for the shops.
Notably, the island's number of DFS customers last year increased by approximately 50% year on year and the number of items they bought soared by 107%.
Three more duty-free shops opened last year in Hainan, raising the total number to 10. These shops host more than 720 brands in a total shopping area of 220,000 square meters.
Since July 1, 2020, Hainan has raised its annual tax-free shopping quota from 30,000 yuan to 100,000 yuan per person.
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