B[National Bureau of Statistics: A total of 3.92882 billion yuan will be invested in research and experimental development (R&D) nationwide in 2025, a year-on-year increase of 8.2%] October 16th, according to the National Bureau of Statistics, in 2025, national research and experimental development (R&D) funding investment will maintain steady growth, investment intensity will increase rapidly, the proportion of basic research funding will steadily increase, and national financial science and technology expenditures will continue to increase. In 2025, the country will invest a total of 3.92882 billion yuan in research and experimental development (R&D), an increase of 296.13 billion yuan or 8.2% over the previous year; the intensity of research and experimental development (R&D) funding (ratio to GDP [2]) is 2.80%, an increase of 0.11 percentage points from the previous year. The per capita funding calculated based on the full-time workload of research and experimental development (R&D) personnel was 487,000 yuan, an increase of 7,000 yuan over the previous year. B[General Administration of Customs: Export fundamentals have not changed in the fourth quarter] Wang Jun, deputy director of the General Administration of Customs, said at a press conference of the State Council Information Office on October 14 that the export scale in the third quarter of this year exceeded 8 trillion yuan for the first time, an increase of 22%. Exports maintain a good growth trend, mainly due to China's complete industrial chain system, the continuous development and growth of advanced manufacturing, and the significant enhancement of innovation, competitiveness, and comprehensive strength. It can accurately, quickly and effectively respond to global production and consumption needs, and provide high-quality and stable supply. Regarding the export prospects in the fourth quarter, Wang Jun believes that the current export fundamentals have not changed. China will accelerate the construction of a modern industrial system with advanced manufacturing as the backbone, and provide more choices for the production and life of its trading partners and global consumers with Made in China that is both "top-level" and "connected to the local environment". B[National Bureau of Statistics: The accelerated development of artificial intelligence, computing and computing collaboration and other fields has led to increased demand and price increases in some industries] On October 14th, Dong Lijuan, chief statistician of the Urban Department of the National Bureau of Statistics, interpreted the CPI and PPI data for September 2026. From a month-on-month basis, the national PPI increased by 1.2%, and the increase increased by 0.8 percentage points from the previous month. The main characteristics of this month's PPI month-on-month operation are: First, the rise in international crude oil and non-ferrous metal prices has driven up prices in related domestic industries. The prices of petroleum extraction, refined petroleum product manufacturing, and organic chemical raw material manufacturing increased by 14.5%, 7.4%, and 5.4% respectively. The prices of non-ferrous metal mining and processing industries, and non-ferrous metal smelting and rolling processing industries increased by 1.6% and 1.5% respectively. The five industries together affected the PPI to rise by approximately 0.63 percentage points month-on-month. Second, changes in supply and demand in some energy and raw material industries have driven up prices. Affected by factors such as the increased demand for coal for heating in winter, the periodic tightness of supply in main mining areas, and the expected effect of rising international coal prices, prices in the coal mining and washing industry and coal processing increased by 9.5% and 13.6% respectively;
Demand for construction materials such as steel and cement has rebounded. Coupled with rising raw material costs, prices in the non-metallic mineral products industry have increased by 0.3% after falling for seven consecutive months. Prices in the ferrous metal smelting and rolling processing industry have increased by 0.2%. The four industries have collectively affected the PPI to rise by approximately 0.38 percentage points month-on-month. Third, the accelerated development of artificial intelligence, computing and computer collaboration and other fields has led to increased demand and rising prices in some industries. The prices of electrical machinery and equipment manufacturing, computer communications and other electronic equipment manufacturing all increased by 0.4%, and the two industries together affected the PPI to rise by about 0.07 percentage points month-on-month. B[The Export-Import Bank has issued nearly one trillion yuan in foreign trade loans in the first three quarters] October 13th, according to the Export-Import Bank of China, in the first three quarters of this year, the Export-Import Bank issued nearly one trillion yuan in new foreign trade loans, a year-on-year increase of 9%, of which nearly 40% was invested in stabilizing foreign trade entities and stabilizing the foreign trade industry chain. According to reports, the Export-Import Bank of China has formulated and implemented a work plan to stabilize the fundamentals of foreign trade, coordinate and support trade in goods and services, traditional trade and new business forms and new models, and help develop digital trade and green trade; focusing on the new situation and new needs of enterprises "going global", it provides all-round support in cross-border settlement, trade financing, supply chain finance, etc., to help enterprises steadily explore the international market. B[Demand continues to pick up, China's logistics industry prosperity index released in September] On October 11th, the China Federation of Logistics and Purchasing released the China Logistics Industry Boom Index in September today (11th). The index continues to remain in the expansion range and has rebounded from the previous month. Logistics demand continues to pick up, and the business resilience of enterprises continues to show. In September, China's logistics industry prosperity index was 51.5%, an increase of 0.6 percentage points from the previous month, and it has been in the expansion range for five consecutive months. The new orders index was 51.2%, an increase of 0.4 percentage points from the previous month, and has increased for 7 consecutive months. Among the 12 sub-indices, 10 sub-indexes rebounded month-on-month. Judging from the data changes since the third quarter, logistics business demand has increased and micro-operations have stabilized, laying the foundation for the smooth operation of the logistics boom in the fourth quarter. B[Foreign Exchange Administration: China’s foreign debt has increased slightly, mainly due to factors such as relatively active cross-border trade] On September 29, Li Bin, deputy director and spokesperson of the State Administration of Foreign Exchange, answered reporters’ questions about China’s foreign debt data at the end of June 2026. Li Bin said that in the second quarter of 2026, China’s foreign debt situation was generally stable. First, the scale of foreign debt increased slightly. At the end of June 2026, China's full-scale (including local and foreign currency) external debt balance was US$2,498.2 billion, an increase of US$86.1 billion, or 4%, from the end of March 2026. This was mainly due to factors such as relatively active cross-border trade, and the growth of corporate trade credit and inter-affiliated company loans. Second, the currency structure of foreign debt has been optimized and the term structure is basically stable. At the end of June 2026, local currency foreign debt accounted for 56%, an increase of 1 percentage point from the end of March 2026; medium and long-term foreign debt accounted for 41%, the same as the end of March. B[Foreign Exchange Administration: As of the end of June 2026, China’s full-scale external debt balance was 17,014.8 billion yuan] On September 29, the State Administration of Foreign Exchange announced China’s full-scale external debt data as of the end of June 2026. At the end of June 2020, China's full-scale external debt balance (including local and foreign currencies) was RMB 17,014.8 billion (equivalent to US$2,498.2 billion, excluding the external liabilities of Hong Kong SAR, China, Macau SAR and Taiwan, China). In terms of institutional sectors, the general government's external debt balance was 2,593.7 billion yuan (equivalent to US$380.8 billion), accounting for 15%; the central bank's external debt balance was 730.9 billion yuan (equivalent to US$107.3 billion), accounting for 4%; banks The balance of external debt was 6,793.1 billion yuan (equivalent to US$997.4 billion), accounting for 40%; the balance of external debt of other departments (including loans between affiliated companies) was 6,897.1 billion yuan (equivalent to US$1,012.7 billion), accounting for 41%. B[Foreign Exchange Administration: China's external financial assets at the end of June 2026 were US$12,180.4 billion and securities investment assets at US$2,157.2 billion] On September 29, the State Administration of Foreign Exchange announced China's international investment position statement at the end of June 2026. At the end of June 2026, China's external financial assets were US$12,180.4 billion, external liabilities were US$8,355.5 billion, and external net assets were US$3,824.9 billion. Among the external financial assets, direct investment assets were US$3,584.9 billion, securities investment assets were US$2,157.2 billion, financial derivative assets were US$51.5 billion, other investment assets were US$2,600.5 billion, and reserve assets were US$3,786.3 billion, accounting for 29%, 18%, and 0. 4%, 21% and 31%; among external liabilities, direct investment liabilities are US$4.170 billion, securities investment liabilities are US$2.6232 billion, financial derivative liabilities are US$21.8 billion, and other investment liabilities are US$1.5404 billion, accounting for 50%, 31%, 0.3% and 18% of external liabilities respectively. B[Jiangsu: Total retail sales of consumer goods in the province from January to August increased by 1.0% year-on-year] On September 22, the Jiangsu Provincial Bureau of Statistics released a brief summary of Jiangsu's economic performance from January to August. From January to August, the total retail sales of consumer goods in the province was 3.12994 billion yuan, a year-on-year increase of 1.0%. In August, the retail sales of communication equipment above designated size, cultural office supplies, and cosmetics increased by 44.7%, 41.8%, and 7.9% respectively year-on-year. Among them, the retail sales of computers and their ancillary products, and smartphones increased by 78.2% and 52.2% respectively.
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