News
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China’s Anhui sees robust Jan.-Oct. foreign trade growth
By Xinhuanet The foreign trade volume of east China’s Anhui Province exceeded 561.6 billion yuan (about 88 billion U.S. dollars) in the first 10 months of 2021, up 26.6 percent year on year, according to local customs. Exports exceeded 328.5 billion yuan and imports touched 233.1 billion yu...Read more -
China’s manufacturing PMI edges down to 50.1 in August
By Xinhuanet The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 50.1 in August, but still in the expansion zone, data from the National Bureau of Statistics (NBS) showed Tuesday. A reading above 50 indicates expansion, while a reading below reflects contr...Read more -
China’s Hongqi sells over 180,000 vehicles in Jan-Aug
By Xinhuanet Hongqi, an automobile brand under China’s leading automaker FAW Group Co. Ltd., posted a rise of 66 percent in sales between January and August this year. A total of 180,600 Hongqi-branded vehicles were sold during the period, said FAW Group, adding it plans to double its 2020 ...Read more -
Chinese border port Huichun’s cargo volume up 300 pct
By Xinhuanet Import and export cargo volumes at the border rail port of Huichun in northeast China’s Jilin Province have exceeded 2 million tonnes so far this year, an annual rise of 300 percent, according to the border checkpoint in Huichun. Located in easternmost Jilin, Huichun borders Ru...Read more -
Two Chinese steelmakers announce merger, become world’s 3rd largest
By Xinhuanet China’s two major steelmakers, Ansteel and Ben Gang Group Corporation, inked a deal on Friday to kick off their merger and restructuring that will create the world’s third-largest steelmaker. According to the deal, the owner of Ben Gang — Liaoning Province’s S...Read more -
Economic Watch: China boosts green finance in pursuit of carbon neutrality
By Xinhuanet A green finance evaluation scheme for financial institutions and an updated green bond projects catalogue have come into effect as part of China’s latest efforts to facilitate its goal of carbon neutrality. Starting from Thursday, the People’s Bank of China, the country&#...Read more -
China registers 18.71 million motor vehicles in H1
By Xinhuanet China saw a record high of 18.71 million motor vehicles newly registered in the first half of 2021, the Ministry of Public Security said Tuesday. As of the end of June 2021, China had 384 million motor vehicles in total, including 292 million cars, according to data released by the m...Read more -
Economic Watch: Chinese auto sales rise further in April amid steady recovery momentum
By Xinhuanet China’s auto sales rose 8.6 percent year on year to 2.25 million units in April, data from the China Association of Automobile Manufacturers (CAAM) showed Wednesday. Although the growth pace is slower than the 74.9-percent year-on-year rise seen in March, auto production and sa...Read more -
China to enhance freight-train service to boost cross-border e-commerce
By Xinhuanet The China-Europe cargo service will be improved to spur the development of cross-border e-commerce, according to a three-year action plan released at the Fifth Silk Road International Exposition that opened on Tuesday. China will set up a green service mechanism for cross-border e-co...Read more -
China’s industrial profits maintain rapid growth in Q1 as production, sales improve
By Xinhuanet, Profits of China’s major industrial firms maintained fast expansion in the first quarter this year as the Chinese economy continued its recovery and enterprises’ production and sales further restored growth, official data showed Tuesday. Industrial firms with an annual b...Read more -
China adjusts tariffs on steel products
By Xinhuanet Share to: China will adjust tariffs on some steel products to lower import costs as part of efforts to push the industry’s upgrading and transformation. Starting on May 1, China will apply a provisional zero import tax rate on pig iron, crude steel, recycled steel raw materia...Read more -
China’s NEV sales surge in first two months
By Xinhuanet Sales of new energy vehicles (NEV) in China increased by 3.2 times year on year in the first two months amid the steady recovery of market demand, data from the China Association of Automobile Manufacturers showed Wednesday. In January and February, NEV sales amounted to 289,000 unit...Read more
