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An eagle eye on China overseas investment-
6 Sept 2017 – Hefei Cement Research & Design Institute will form a sino-foreign joint venture named CNBM International Engineering Co. Ltd. in Indonesia. 6 Sept 2017 - CAMCE Logistics Co. Ltd. will invest in equities of African Cargo Terminals Limited. 1 Sept 2017 – China National Forest Products Industry Corporation will form a subsidiary China National Forest Products Industry (USA) Co. Ltd. 1 Sept 2017 – ENN Ecological Holdings Co. Ltd. will acquire all the equity stakes of United Faith Ventures Limited registered in British Virgin Islands. |
Industry Snapshot
Spotlight
Golden sunset on Qingjiang in Changyangtu Scenic Zone, Changyang County, Hubei Province.
Source: Tourism Office of Changyang County, Changyang, Hubei Province
As green as can be - a cave view from Qingjiang in Changyangtu Scenic Zone, Changyang County, Hubei Province.
Courtesy of China National Tourism Administration (CNTA)
What to watch
13 Sept 2017 – China National Eye Gene Bank was opened in Shenyang, Liaoning province, marking the advancement of ophthalmology made for diagnosis and treatment of chronic eye disease.
11 Sept 2017 – The People’s Bank of China (PBOC) has announced to scrap the required deposit reserve on foreign banks operating Renminbi business in China. 08 Sept 2017 - The first batch of frozen beef shipped from the U.S., by sea, arrived in Shanghai a few days ago. Up-dating China economics
Time: Jan-Jul 2017 Core revenue of industrial companies each with over RMB20mn of turnover a year: +13.1% year-on-year Profits of industrial companies each with over RMB20mn of turnover a year: +21.2% year-on-year - Profits of state-owned industrial companies: +44.2% - Profits of shareholding industrial companies: +22.9% - Profits of foreign-invested, Hong Kong, Taiwan and Macau-invested companies: +17.7% Online retail sales of physcial goods: +28.9% Source: National Bureau of Statistics of China |
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CHINA FREE TRADE AGREEMENTS
Bank of China celebrates its 100th anniversay in Hong Kong, Central, Hong Kong
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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) |
