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Farmers busy harvesting at a marigold plantation supported by China State Shipbuilding Corp in Qiubei County, Wenshan, Yunnan province, China. Photo courtesy of China State Shipbuilding Corporation Limited. 27 Oct 2020
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Endless trays of goji berry grown by locals and supported by China National Nuclear Corporation in Tongxin County, Ningxia, China. Photo courtesy of China National Nuclear Corporation. 27 Oct 2020

What to watch

15 Oct 2020 – The International Commercial Disputes Prevention and Resolution Organization was officially opened in Beijing today. 

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: Living On with a COVID-19 Hum
24 Sept 2020

Euler Hermes launches Trade Match to help companies identify export risks and opportunities

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CHINA FREE TRADE AGREEMENTS

Arts Appreciation

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"Fly" - dedicated to those combating the coronavirus. Created by Xie Qing, School of Chinese Painting, Central Academy of Fine Arts Courtesy of Central Academy of Fine Arts, Beijing, China 2020
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-Aug 2020

Retail sales value of consumer goods:
RMB23.80 trillion (-8.6%)
of which:
- retail sales excluding sales of vehicles: RMB21.51 trillion (-8.6%)
- sales of merchandises: RMB8.53 trillion (-7%)
- online retail sales of physical goods: RMB5.87 trillion (15.8%)

​Retail sales value by:
- urban areas: RMB20.66 trillion (-8.7%)
- rural areas: RMB3.14 trillion (-8.3%)
- wine and dine: RMB2.15 trillion (-26.6%)
- foodstuffs and edible oil: RMB973.4 billion (+11%)
- drinks: RMB141 billion (+10.9%)​​
- clothing, headwear, footwear, textile products: RMB693.6 billion (-15%) 
- cosmetics: RMB199.6 billion (+3.2%)
- gold and jewelry: RMB138.9 billion (-15.6%)
- communication goods: RMB329.6 billion (+8.9%)
- petroleum and its products: RMB1.07 trillion (-17.3%)
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Source: National Bureau of Statistics of China