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Offshore oil rigs of Bohai Oilfield Liaodong, operating under intense summer heat, has pumped record-breaking 180mn tons of oil and gas for the last ten years.
Jinzhou, Liaoning Province, China
Photo courtesy of Bohai Oilfield 30 July 2020
Shenzhen Metro No.10, started running on 18 August, is the first north-south subway put on 8A classification in Shenzhen, Guangdong, China.
Photo courtesy of China Railway Construction. 31 August 2020
What to watch
20 Sept 2020 - China has announced an import duty quota of cotton for 2021, setting the total volume of import at 894,000 tons of which 33% will be allocated to state-owned enterprises.
18 Sept 2020 - Online retail sales of consumer goods posted a 9.5% growth in China during the period of January to August, selling RMB7 trillion of goods. 10 Sept 2020 – China’s exports of garment and clothing rebounded in August after seven months of negative growths. 31 Aug 2020 - China has released the “Foreign Invested Enterprises Compliant Working Method” to be taken into effect on 1 October. 28 Aug 2020 – The State Council has nodded on the China-Singapore Guangzhou Knowledge City Development Plan 2020-2035 which supports the introduction of talents for the creation of a knowledge-based economy in Guangzhou. |
Allianz Research: The insolvency time bomb - prepare for a record-high increase in global insolvencies
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A matter of fact -
China's 21 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) - Shandong province (2019) - Jiangsu province (2019) - Guangxi Autonomous Region (2019) - Hebei province (2019) - Yunnan province (2019) - Heilongjiang province (2019) - Hainan province (2020) - Beijing (2020) - Hunan province (2020) - Anhui province (2020) |
Up-dating China economics
Time: Jan-Jun 2020 China's use of foreign direct investment (FDI) ex-financials: - US$67.93 billion (-4% year-on-year) High-tech services use of FDI: +19.2% of which: - IT services +20.9% - inspection and testing services +8.7% - research and design services +35.7% Source of FDI - Singapore +7.8% - US +6% - ASEAN +5.9% - Hong Kong +4.2% - Belt and Road +2.9% Source: National Bureau of Statistics of China |