2020-03-12_Beijing_Review

http://www.bjreview.com MARCH 12, 2020 BEIJING REVIEW 39

MARKET WATCH BUSINESS

NUMBERS

($1=7 yuan)

Leading telecom operator China

Unicom expects around 330 million

units of mobile phones to be sold in

China this year, including

100-180

million 5G phones. The

commercial use of 5G technology,

approved in June 2019, triggered a

surge in consumer enthusiasm and an

acceleration in industrial investment.

In 2019, science and technology enter-

prises in Shanghai raised 5.46

billion yuan

($78 million) on the sci-tech innovation

board, also known as the STAR market,

the People’s Bank of China’s Shanghai

KHDGRIĶFHUHSRUWHG7KHDJJUHJDWH

calculated since the opening of the

board in July 2019, accounted for 69.9

SHUFHQWRIWKHLUDQQXDOĶQDQFLQJYLD

initial public offerings.

Online retail sales of home applianc-

es accounted for 41.17

percent of the total

in 2019, according to a report by the

China Center for Information Industry

Development, a think tank under the

Ministry of Industry and Information

Technology. Dishwashers, electric

toothbrushes and energy-saving

appliances sold like hot cakes.

Traditional brick-and-mortar stores

also saw a digitalization trend via

upgrading.

China’s Comprehensive PMI

55

50

45

40

35

30

25

0

FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB

2019 2020

FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB

2019 2020

FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC JAN FEB

2019 2020

(Source: National Bureau of Statistics)

China’s Purchasing Managers’ Index (PMI)

Over 50 = Expansion

Under 50 = Contraction

49.5 49.3

50.2

35.7

49.2

50.550.1

55

50

45

40

35

30

0

49.4

49.7

49.4

55 54.3 53.7 54.4

50

45

40

35

30

25

0

China’s Non-Manufacturing PMI

53.8 52.8 53.554.1

29.6

54.354.854.3 54.253.7

50.2

53.0 53.152.053.753.4

28.9

52.4

54.053.453.3 53.153.0

49.8

53.0

50.0