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《财经》杂志     

2021年6期 2021年03月22日出版  

本文3930字,约6分钟

China’s Rural Policies to Focus on Rural Revitalization Instead of Poverty Alleviation; New Infrastructure Construction Will Become Engine and Support for China’s High-Quality Development; Long Way to Go Before Global Civil Aviation Industry Fully Recovers; Muyuan Foods Doing Great in the Stock Market, But Arouses Doubts

China’s Rural Policies to Focus on Rural Revitalization Instead of Poverty Alleviation

On February 25, the “National Administration for Rural Revitalization” was formally inaugurated in its new Beijing headquarters. This effectively replaced the 34-year-old former State Council Leading Group Office of Poverty Alleviation and Development. On the same day, the central government announced that the battle for poverty alleviation had been fully won. According to current figures, 98.99 million rural poor people have been lifted out of poverty.

Many experts interviewed by reporters from Caijing said that the above-mentioned progress reflects the smooth transition from poverty alleviation to rural revitalization. The authorities reiterated that poverty alleviation is not the end of the mission. Instead, it is the starting point for a new life and a new struggle for rural residents. After the completion of the task of poverty alleviation, the focus on rural work will be fully shifted to promoting rural revitalization. According to the goals set by the Chinese government, by 2035 decisive progress in rural revitalization will be achieved. This means that agricultural and rural modernization will be basically realized. And by 2050, rural villages will be fully rejuvenated.

 

New Infrastructure Construction Will Become Engine and Support for China’s High-Quality Development

In the early spring of 2021, a number of major new infrastructure construction projects across the country ushered in intensive progress. Judging from the recent deployments of many central and district authorities, the impetus to speed up the construction of new infrastructure, invest in high-tech industries, and expand the investment in environmental protection is intensifying. Indeed, it is key option for the effective investment in various regions.

In addition to Shenzhen, Beijing, Shanghai and other places also use new infrastructure and other major construction projects as important means to stabilize investment. They also adjust economic structure and improve people’s livelihood in the process. Major construction projects benefit local economic and social development. They will also become the engines to support China’s high-quality development.

 

Long Way to Go Before Global Civil Aviation Industry Fully Recovers

Aviation stocks in China and the US have stagnated for a long time. Luckily, they’ve surged in recent days. Although airline stocks dropped slightly on March 16, soaring stock prices seem to indicate that a turning point in the recovery of the global aviation industry is coming.

Favorable factors for China and the United States aviation industries are not exactly the same. In China, restrictions on entry into Beijing were lifted on March 12. With this as a sign, the upcoming public holidays will be the best time for many people to return their homes. The recovery of the US civil aviation industry is mainly due to the release of previously suppressed travel demands in the wake of widespread vaccination efforts. Analysts suggest that the domestic travel is still the main driving force for the recovery of both China and US civil aviation. Before business travel and overseas travel are liberalized, it will take a long time for the global civil aviation industry to fully recover.

 

Muyuan Foods Doing Great in the Stock Market, But Arouses Doubts

The stock of Muyuan Foods, which had a market value of more than 400 billion yuan and is known as “Maotai of Food Industry”, was pushed to the forefront of news. Why? Because of a critical article published by an online blogger. On the evening of March 16, investors waited for Muyuan’s response to the riposte. The company denied all accusations. On the 17th, the stock price of Muyuan shares rose steadily and closed up at 7.92%, with its market value exceeding 410 billion yuan.

In fact, this is not the first time that doubts about the financial problems of Muyuan shares have surfaced. Muyuan Foods was established in 1992 and went public in January 2014. It is headquartered in Nanyang, Henan. It currently has more than 200 breeding subsidiaries distributing in more than 20 provinces across China. In recent years, the stock price and performance of Muyuan shares have risen all the way. The market value has risen from 40 billion in August 2017 to 400 billion at present. With the rise in the stock price of Muyuan shares, whispers of doubt have never stopped. This has mainly centered around the risks of building overly expensive pigsties. As such, the gross profit margins are far higher than that of its peers.

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