Focus on technological innovation, eco-cooperation, service figures China

“digitization” is the most consensual and current trend of certainty. Faced with digitization opportunities, China maintains inputs in connections, calculations, storage and clouds, focuses on technological innovations, providing clients with a very simple structure, high quality, extremely low cost and highly experienced “4-polar” digital infrastructure.

In the linking industry, China demonstrated at this Summit the latest product solutions in the areas of 5G, IPv6+, F5G and the results of a series of innovative practices, continuing to contribute to the success of business, contributing to the building of a leading digital infrastructure in the 5.5G era, and building networking capacity of hundreds of millions of interconnected and experienced networks.

In calculating the industry, China has continued to focus on technological innovations to build digital roots in order to build the intellectual roots of the organization, to work together with partners to build the intellectual roots and promote the calculation of the ecological prosperity of the industry. The main scenes of the comprehensive services industry in the developing countries are more than 95 per cent of the supply of hardware partners in 2022, more than 3 million copies of the Oola commercial version, and Europol has managed to move from business-led to industrial co-building and quickly across ecological outposts.

On the basis of large calability, China is a process-wide process that allows for innovative models, taking into account the “10 hard nuclear science and technology” award of the Summit, through a combination of front-line clouds, research into the production of full-flow simplicity, integration support models and scientific intelligence.

In the storage industry, China is upgrading the entire range of products around flash media and continuously increasing its capacity to protect data security, and will in the future be innovative to multi- cloud structures to facilitate efficient sharing and circulation of data.

China, for its own technology, tools and experience in digitizing transition, will continue to be open to all clouds, creating “ clouds” and “manufacturers” for industrial digitization.

Significant increase in digital productivity, leading to the intellectualization of Chinese infrastructure

Digital technology will drive productivity from “quantitative to qualitative change” and gradually become a core engine of economic development, and it is right time to jump in digital productivity. China and its partners are constantly promoting the integration of digital technology applications with the real economy and accelerating the digitization of industries. At this Summit, China demonstrated a series of innovative explorations and applications such as the digital economy, digital politics, digital society, digital culture and ecological civilization.

In the digital economy exhibit, China has demonstrated innovative applications of digital technologies in areas such as intelligent manufacturing, intelligent medicine, intelligent energy, intelligent oceans and seas, and has helped to flourish.

In the area of digital government, the digitization of government services is reflected in the digitization of water, emergency response, taxation and meteorology.

In the areas of digital society, culture, products and solutions such as urban mindset, knowledge systems, intellectual families, Walla-KooMap, etc., bring about an upgrading of knowledge, experience and digitization dividends.

Combining the areas of eco-civilization conservation, double carbon propulsion, China has shown clean power generation, green data centres and digital inclusion practices to build a green future that will make the digital world more equitable and sustainable.

Construction of digital China, with no alternative to technological innovation

“No one shall build its own house on the foundations of others.” Whether it is free from supply constraints, building an autonomous and controlled information and communication infrastructure industry system, or releasing hardware productivity, promoting digital economic development, the technology and root capacity in digital infrastructure, is the most important and indispensable element of ICT infrastructure development and an indispensable key element in building digital China.

Digital China must be supported by strong digital infrastructure. In February this year, the Digital China Building Master Plan, published by the Central and State Council, noted that strengthening the key capabilities of the digital China is, first and foremost, the development of a self-sustaining digital innovation system. Digital infrastructure should take root in technological innovations and safeguard the advanced and sustainable nature of basic soft hardware.

The fruitful results of this event, enriched by technological innovations based on root, have allowed us to see hard nuclear forces in digital China.

From the perspective of CPI and PPI, the current price rise remains moderate, creating a better price environment for macro-control policies.

Summary of views

In October, CPI increased by 2.5% year-on-year, which was the same as that of the previous month; PPI rose 3.3% year-on-year, down 0.3 percentage points from last month. From the perspective of CPI and PPI, the current price rise remains moderate, creating a better price environment for macro-control policies.

Food prices and non food prices fell and rose, which contributed to the overall stability of CPI, and the year-on-year increase was the same as that of last month. Food prices were - 0.3% month on month. After entering the autumn, agricultural products were intensively listed, which promoted the decline of food prices. Non food prices rose by 0.3% month on month. Affected by the rise in international oil prices and the rise in domestic refined oil prices in the early stage, the prices of gasoline, diesel and liquefied petroleum gas increased significantly. From a year-on-year perspective, food prices rose by 3.3% year-on-year and narrowed by 0.3 percentage points, among which the prices of fresh fruits, vegetables and eggs increased significantly year-on-year. Non food prices rose 2.4% year-on-year, an increase of 0.2 percentage points. Excluding food and energy, the core CPI rose 1.8%, with a moderate increase.

The month on month increase of PPI fell, the tail warping factor weakened, and the year-on-year increase continued to narrow. PPI rose 0.4% month on month, down 0.2 percentage points from the previous month. The main industries with falling price increases include oil, coal and fuel processing industry. From a year-on-year perspective, the year-on-year increase of PPI has gradually dropped since the third quarter, showing a downward trend month by month. The purchase price of industrial producers increased by 4% year-on-year. Although the increase fell, it is still significantly higher than the ex factory price, indicating that the cost pressure of industrial enterprises is large, which will affect the profitability of enterprises.

After October, the high crude oil price fell back, and the callback range has exceeded 15%, which will reduce the upward pressure on non food prices and have a certain downward impact on the year-on-year increase of PPI. Under the background that domestic and foreign demand is stable and slowing down, and the price of upstream production end products has fallen, the overall price lacks the power to rise. Prudent monetary policy will not release a large amount of liquidity and will not raise prices. The decline of M1 and M2 growth in the early stage may affect the decline of CPI. The tail warping factor of PPI decreased significantly, the new price increase factor is weak, and the year-on-year increase will still narrow. The focus of the weakness board policy lies in infrastructure investment, which may bring phased rise to relevant industrial products.

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In October, CPI rose by 2.5% year-on-year, which was the same as that of the previous month, with the tail warping factor affecting 0.3 percentage points and the new price rise affecting 2.2 percentage points. PPI rose 3.3% year-on-year, down 0.3 percentage points from last month, including 1.2 percentage points due to tail warping and 2.1 percentage points due to new price rise. From the perspective of CPI and PPI, the current price rise remains moderate, creating a better price environment for macro-control policies.

1、 The year-on-year increase of CPI was the same as that of last month

In October 2018, CPI increased by 2.5% year-on-year, which was the same as that of last month. CPI rose 0.2% month on month, down 0.5 percentage points from last month. The core CPI excluding food and energy rose by 1.8%, a slight increase of 0.1 percentage points over the previous month.

Food and non food prices fell and rose, promoting the overall stability of CPI. Food prices were - 0.3% month on month. After entering the autumn, agricultural products were intensively listed, which promoted the decline of food prices. The prices of fresh vegetables and eggs decreased month on month, with - 3.5% and 4% respectively. Pork prices and fresh fruit prices rose month on month, up 1% and 1.9% respectively. Non food prices rose 0.3% month on month. Affected by the rise in international oil prices and the rise in domestic refined oil prices in the early stage, the prices of gasoline, diesel and liquefied petroleum gas increased significantly, with increases of 4.2%, 4.7% and 1.8% respectively. The prices of tourism and air tickets decreased month on month.

From a year-on-year perspective, the year-on-year increase of food prices narrowed, and the year-on-year increase of non food prices expanded, which promoted the year-on-year increase of CPI to be the same as that of last month. Food prices rose 3.3% year-on-year, narrowing by 0.3 percentage points. The prices of fresh fruits, vegetables and eggs increased significantly year-on-year, with 11.5%, 10.1% and 7.8% respectively. Non food prices rose 2.4% year-on-year, an increase of 0.2 percentage points. Among them, the prices of gasoline and diesel increased by 22.5% and 25% respectively. Housing prices, education services and medical care prices all rose, with increases of 2.5%, 3.2% and 2.6% respectively. Excluding food and energy, the core CPI rose by 1.8%, a slight increase of 0.1 percentage points over the previous month, with a moderate trend.

2、 The year-on-year increase of PPI narrowed for four consecutive months

In October 2018, PPI increased by 3.3% year-on-year, down 0.3 percentage points from last month, and the increase narrowed for four consecutive months. PPI rose 0.4% month on month, down 0.2 percentage points from last month. The industrial producer purchase price index (ppirm) rose 4% year-on-year, down 0.2 percentage points from last month. Ppirm rose 0.7% month on month, with an increase of 0.1 percentage points.

The month on month increase of PPI fell, the tail warping factor weakened, and the year-on-year increase continued to narrow. PPI rose 0.4% month on month, down 0.2 percentage points from the previous month. The main industries whose price increases fell month on month include oil, coal and fuel processing industry, oil, natural gas and coal mining industry, non-ferrous metal smelting and rolling processing industry, and chemical fiber manufacturing industry. From a year-on-year perspective, the year-on-year increase of PPI has gradually dropped since the third quarter, showing a downward trend month by month. The obvious price increases in this month include chemical raw materials and chemical products manufacturing industry, non-metallic mineral products industry, ferrous metal smelting and rolling processing industry and fuel processing industry. It should be noted that the purchase price of industrial producers increased by 4% year-on-year. Although the increase fell, it was still significantly higher than the ex factory price, and the month on month increase of ppirm expanded for four consecutive months, which was 0.7% this month, indicating that the cost pressure of industrial enterprises is high, which will affect the profits of enterprises