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China News Focus
An eagle eye on China overseas investment:-
28 Apr 2018 – PetroChina International Corporation Ltd. to set up PetroChina International (Australia) Co. Ltd.
28 Apr 2018 – China Electronic Imports & Exports Corporation (CEIEC) to set up CEIEC Ecuador Co. Ltd.
28 Apr 2018 – Industrial & Commercial Bank of China (ICBC) to increase share capitals in ICBC (USA).
25 Apr 2018 – CITIC Construction Co. Ltd., through its subsidiary in Hong Kong, to set up CITIC Construction International (Thailand) Co. Ltd. in Thailand.
25 Apr 2018 – ICBC Financial Leasing Co. Ltd. to set up ICBC Aviation Financial Leasing Co. Ltd. in Hong Kong.
25 Apr 2018 - Industrial & Commercial Bank of China (ICBC) to open a branch office in Manila, the Philippines.
25 Apr 2018 - China Duty Free Group Co. Ltd. to increase capitals in China Duty Free Group (Cambodia) Co. Ltd.
25 Apr 2018 – COSCO Shanghai LNG Investment Co. Ltd. to acquire certain equity stakes of four single-ship companies of Mitsui O.S.K. Lines in Hong Kong.
25 Apr 2018 - China Huadian Corporation to set up China Huadian Financial (Hong Kong) Co. Ltd. in Hong Kong, and China Huadian Overseas Development 2018 Co. Ltd. in British Virgin Islands.
25 Apr 2018 – China Automobile Trading Co. Ltd. to increase share capitals in China Automobile Trading (Hong Kong) Co. Ltd.
25 Apr 2018 – Sinopec Group to turn the undistributed net profits of Sinopec Insurance Co. Ltd. into its registered capital.
25 Apr 2018 – CNOOC Enertech to increase share capitals in CNOOC Enertech International (Singapore) Co. Ltd.
25 Apr 2018 – Zhongnan Equipment Ltd. to set up Thailand Zhongnan Huatai Co. Ltd. in Thailand.
25 Apr 2018 - CNMC International Trading Co. Ltd. to increase share capitals in CNMC Xinqiao Trading Co. Ltd.
25 Apr 2018 - China Film Equipment Co. Ltd., APPOTRONICS and others are forming a joint venture company Barco CineAppo Ltd. in Hong Kong.
25 Apr 2018 - China Gezhouba Group Explosive Co. Ltd. to form a joint venture in Pakistan.
What to watch
24 May 2018 – A vessel loading 50 TEUs of coffee and fertilizer set sail from Guangxi’s Qinzhou Port to Singapore last week, for the first time shipping Yunnan cargoes to Southeast Asia and further to America.
21 May 2018 – Non-ferrous metal companies in Yunnan province have announced their first quarter results, showing stellar growths in sales and profits.
18 May 2018 – Expansion and modification work of the Yongren-Guangtong section of the Chengdu-Kunming Railway was half done, expecting an on-time completion in 2019.
17 May 2018 – A trade delegation of Brazil visited Wuhan city, Hubei province last week, forging closer ties in food trade and e-commerce.
3 May 2018 – The municipal of Huizhou, Guangdong province will upgrade sewage and wastewater treatment facilities, planning to build over 300 new treatment facilities in rural areas this year.
Up-dating China economics
Time: Jan-Apr 2018
Import & export of cargo: RMB9.11 trillion (+8.9% year-on-year)
- Export: RMB4.81 trillion (+6.4%)
- Import: RMB4.3 trillion (+11.7%)
- Import & export of cargo with "Belt and Road" countries and regions: RMB2.51 trillion (+11.6%)
- Import & export of cargo done by private companies: RMB3.52 trillion (+12.4%)
Source: National Bureau of Statistics of China
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A matter of fact -
China's 11 pilot free trade zones (FTZs):
- Shanghai (approved in 2013)
- Tianjin (2014)
- Guangdong province (2014)
- Fujian province (2014)
- Liaoning province (cities of Dalian, Shenyang, Yingkou)
- Henan province (Zhengzhou, Kaifeng, Luoyang)
- Zhejiang province (Zhoushan)
- Hubei province (Wuhan, Xiangyang, Yichang)
- Chongqing (Liangjiang, Xiyung, Guoyuan)
- Sichuan province (Chengdu)
- Shaanxi province (Xi'an)