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China News Focus
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An eagle eye on China overseas investment:-
05 Mar 2019 – CASICloud sets up Hong Kong Cloud Network International Information Technology Co. Ltd. in Hong Kong 28 Feb 2019 – China Railway Group Limited sets up a subsidiary China Railway Philippines in the Philippines. 28 Feb 2019 - Beijing New Building Materials Public Limited Company to acquire a 100% equity stake of Sinoma (Hong Kong) Limited. 28 Feb 2019 – China Energy Engineering Group Tianjin Electric Power Construction Co. Ltd. sets up China Energy Tianjin Indonesia Co. Ltd. in Indonesia. 28 Feb 2019 – China Energy Engineering Group Science and Technology Development Co. Ltd. sets up a joint venture company China Energy Engineering Group Vietnam Power Station Servicing Co. Ltd. in Vietnam. 28 Feb 2019 - China Meheco Group Co. Ltd. increases registered capitals in Meheco (Hong Kong) International Company Limited. 28 Feb 2019 – Zhejiang Ocean Family Co. Ltd. to build five mega vessels in Kiribati for net-catching tuna fish. 28 Feb 2019 – Zhejiang Lygend Investment to set up a mineral mining company in the Solomon Islands. |
Industry Snapshot
SpotlightArts Appreciation
A gold-plated hair charm of the Qing Dynasty 1700s - shaped with a dragon head, a body of bird in a cage, and 3 dancing legs of bamboo leaves.
Length 23.5 cm
Courtesy of National Museum of China
What to watch
11 Sept 2019 - China is forecast to import 7 million tons of palm oil in 2019/20, an increase of 500,000 tons over last year as palm oil is price competitive comparing with other lipids, according to China National Grain and Oils Information Center.
12 Jun 2019 - China imported 424 million tons of iron ore during the period of January to May, 5.2% less than a year ago, but the average import price surged 24.8% to RMB570.6 per ton. 6 Jun 2019 - Shanghai Electric and GFG Alliance of Australia signed an agreement to build a solar power plant in South Australia, supporting the expansion of a local steel factory. 28 May 2019 - Nanjing Metro Group was given a nod by the National Development and Reform Commission (NDRC) to issue RMB10 billion of corporate bonds for replenishing working capitals and for constructing subway transports. |
NewsTrak Daily
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Up-dating China economics
Time: August 2019 Consolidated PMI: 53.0% PMI of: - Manufacturing: 49.5% - High-tech manufacturing: 51.2% - Consumer goods: 50.9% - Large enterprises: 50.4% - Small businesses: 48.6% - Non-manufacturing Business Activity Index: 53.8% - Services Business Activity Index: 52.5% - Anticipated Services Business Activity Index: 59.8% - Building Industry Business Activity Index: 61.2% - Civil Engineering Construction Business Activity Index: 63.9% - Construction Installation Decoration Business Activity Index: 61.2% Source: National Bureau of Statistics of China |
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A matter of fact -
China's 17 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) |