• The Political Bureau of the CPC Central Committee held a meeting and decided to convene the Third Plenary Session of the 20th CPC Central Committee to analyze and study the current economic situation and economic work
• The Supreme Law clarifies the implementation of property sentences in commutation and parole cases
• Manufacturing PMI in April was 50.4%
• Ministry of Culture and Tourism: 1.419 billion trips in China in the first quarter of this year
• The Political Bureau of the CPC Central Committee held a meeting on April 30 and decided to hold the third plenary meeting of the 20th CPC Central Committee in Beijing in July this year. The main agenda is that the Political Bureau of the CPC Central Committee reports to the Central Committee, focusing on further comprehensively deepening reform and promoting Chinese style modernization. The meeting analyzed and studied the current economic situation and economic work, and reviewed the Opinions on Several Policies and Measures for Continuously and Deeply Promoting the Integrated and High Quality Development of the Yangtze River Delta. Xi Jinping, General Secretary of the CPC Central Committee, presided over the meeting.
• The Provisions of the Supreme People's Court on the Review of the Implementation of Property Judgments in Cases of Commutation and Parole promulgated by the Supreme People's Court on the 30th day clearly stated that, If a criminal has the ability to perform a property sentence, his sentence may be commuted or paroled only after he has performed it.
• In April, the manufacturing purchasing managers' index (PMI) was 50.4%, down 0.4 percentage points from the previous month, For two consecutive months, it was in the expansion range, and the manufacturing industry continued to maintain the momentum of recovery and development.
• The Ministry of Culture and Tourism announced today that according to the statistical results of the domestic tourism sampling survey, In the first quarter of 2024, the number of domestic tourists reached 1.419 billion, an increase of 203 million over the same period of the previous year, or 16.7% over the same period of the previous year. Among them, 1.077 billion urban residents traveled domestically, up 14.1% year on year; Rural residents made 342 million domestic trips, up 25.7% year on year.
• On April 30, the Supreme People's Procuratorate released a number of typical cases of procuratorial organs safeguarding the legitimate rights and interests of workers according to law, and introduced procuratorial organs' handling of criminal cases of refusing to pay labor remuneration. Data shows that in the first quarter, the procuratorial organs across the country recovered more than 27 million yuan of unpaid wages through handling cases.
• National Post Office monitoring data shows that, As of April 29, China's express business volume this year has reached 50 billion pieces, 32 days ahead of 2023, reflecting that China's economy is continuing to recover and recover.
• The Ministry of Human Resources and Social Security and the Ministry of Industry and Information Technology issued a notice on the 30th to implement the action of promoting employment in advanced manufacturing industry, further support the development of advanced manufacturing industry, stabilize and expand employment capacity, improve employment quality, and absorb more employment from key groups. The notice was clear, and the implementation of support policies for stabilizing and expanding posts was strengthened. Continue to implement the policy of phased reduction of unemployment insurance and work-related injury insurance rates until the end of 2025. For advanced manufacturing enterprises that stabilize and expand employment, implement policies such as entrepreneurial guarantee loans, special loans for stabilizing and expanding jobs, and support enterprises to stabilize and expand jobs.
• According to the International Monetary Fund, the economic growth of the Asia Pacific region is expected to slow to 4.5% in 2024, higher than the previous forecast; In 2025, the economic growth is expected to further slow down to 4.3%.
• Germany's first quarter non seasonally adjusted GDP annual rate was initially -0.9%, expected to be -0.80%, and the previous value was -0.40%.
• The monthly CPI rate of France in April was 0.5%, expected to be 0.50%, and the previous value was 0.20%.
• The amount and frequency of Japanese government bonds purchased by the Bank of Japan in May remained unchanged, and the bond purchase plan for the second quarter remained unchanged.
[Overview of Domestic and Foreign Markets]
[Economic Data and Dynamics (Beijing Time)]
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