英文摘要

《财经》杂志   

2022年11月07日 11:17  

本文3743字,约5分钟

China’s Financial System is Urged to Step up Support for Real Economy; China’s Exports Showing Resilience in Face of Weakening Global Demand; The “Double Reduction” Policy is Reshaping the Education Sector; XPeng Reshuffling Organizational Structure to Deal With Sales Decline

China’s Financial System is Urged to Step up Support for Real Economy

Financing is originally designed to meet the needs of the real economy, so there needs to be a higher-quality interaction between the financial industry and the real economy in order to enhance the marginal utility of capital and funds. Adjusting the relationship between the financial industry and the real economy is the basic premise for maintaining a healthy and stable economy.

China’s financial industry plays a vital role in supporting reform and opening up and promoting rapid economic growth. At the same time, the scale and operational capabilities of the financial sector have also grown rapidly. A scholar told Caijing’s reporter that to support the real economy financially, first of all, it is necessary to vigorously develop the multi-level capital market. In addition to the stock market, it is necessary to formulate policies to support and guide the development of various forms of equity investment such as venture capital.

 

China’s Exports Showing Resilience in Face of Weakening Global Demand

This year, China’s foreign trade industry is facing many difficulties, one of which is the poor economic situation of western developed countries due to their own reasons or geopolitical conflicts. After the outbreak of the Russia-Ukraine conflict, Russia’s energy delivery to Europe drastically decreased, resulting in soaring energy prices in Europe. Since the beginning of this year, the Federal Reserve has raised interest rates several times to curb inflation. As a result, consumer demand in Europe and the United States has been suppressed.

However, some foreign trade practitioners believe that although the current situation is challenging, the foreign trade industry has no need to be pessimistic. The data shows that Chinese companies still have many advantages. Although some labor-intensive industries have moved out of China, many industries requiring precise division of labor and high technology content will continue to stay in China. It is difficult for Southeast Asian countries to catch up with China’s advantages in the above-mentioned fields in the short term.

 

The “Double Reduction” Policy is Reshaping the Education Sector

According to an official report, the number of offline subject training institutions in the compulsory education stage has been greatly reduced. Most of the students’ after-school tutoring hours have been reduced by more than 50% compared with before the “double reduction”. In the past business narratives, the education and training industry always has the shadow of the capital. After years of barbaric growth, such an industry was suddenly put on the “brake” by the government.

This reform in the field of basic education is seen as the most severe policy in history. Its goal is to reduce the excessive homework burden of students in compulsory education, reduce family education expenditures, and change the disorderly competition in the off-campus tutoring industry. People have noticed that the once ubiquitous advertisements for after-school education companies have all but disappeared. After the double reduction crackdown, the basic education market is undergoing a process of reshaping, and the supply side, the demand side, and even the related education ecology are all changing.

 

XPeng Reshuffling Organizational Structure to Deal With Sales Decline

Chinese electric vehicle maker Xpeng is now facing difficulties. Xpeng’s sales performance has been underwhelming. From July 2022 to the present, the monthly sales volume of the automaker has dropped from 11,524 units in July to 5,101 units in October. Tesla’s announcement of a price cut at the end of October directly threatened Xpeng, and it also made people worry about the sales of Xpeng’s new make, the G9 launched in September.

Building a car with the product manager’s mindset was once a useful strategy for Chinese new energy vehicle manufacturers to expand the market. But now looking at the product strategy of Xpeng, it seems a bit confusing. From technology configuration to product positioning, to human resource configuration, Xpeng needs to make important reforms. In late October, Xpeng was revealed by the media that it would undergo a major adjustment to its organizational structure.