China

  • Minister of Science and Technology Wang Zhigang: During the 13th Five-Year Plan period, China’s investment in science and technology has increased by 70%, and investment in basic research has doubled, accounting for more than 6% of the total R&D investment for the first time. During the Fourth Five-Year Plan period, basic research investment will account for about 8% of the total R&D investment in society.
  • March 8 is the last day of the Spring Festival travel season in 2021. According to data from the State Council’s joint prevention and control mechanism for the Spring Festival Transport, the total number of passengers sent by railways, highways, waterways, and civil aviation across the country in 2021 is expected to reach 870 million, a year-on-year decrease of 40.8% and a decrease of 70.9% from the same period in 2019. March 8 is the last day of the Spring Festival travel season in 2021. According to data from the State Council’s joint prevention and control mechanism for the Spring Festival Transport, the total number of passengers sent by railways, highways, waterways, and civil aviation across the country in 2021 is expected to reach 870 million, a year-on-year decrease of 40.8% and a decrease of 70.9% from the same period in 2019. March 8 is the last day of the Spring Festival travel season in 2021. According to data from the State Council’s joint prevention and control mechanism for the Spring Festival Transport, the total number of passengers sent by railways, highways, waterways, and civil aviation throughout the country in 2021 is expected to reach 870 million, a year-on-year decrease of 40.8% and a decrease of 70.9 from the same period in 2019.

Company

  • Xiaopeng Motors: In the first quarter of 2021, it is expected to deliver 12,500 vehicles with revenue of 2.6 billion yuan. During the Spring Festival, Xiaopeng Automobile’s Zhaoqing plant completed the upgrade and restructuring, with a target monthly production capacity of 10,000 vehicles within the year; construction of the Guangzhou production base has begun, and production is expected to be put into operation in the third quarter of 2022.

Trade

  • The Chinese government has approved RCEP and hopes relevant countries will speed up the promotion. After the RCEP is signed, it means that a region that accounts for one-third of the world’s total economy can form a unified market.