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An eagle eye on China overseas investment:-
29 Jun 2018 – CNPC will modify its oilfield exploration and development projects in Halfaya Oilfield, Iraq. 29 Jun 2018 – Heilongjiang Zhongmeng Shihua (Petrochemical) Co. Ltd. to invest in an oil refinery project of 2 million tons/year through its subsidiary The Oil Refinery of Mongolia Zhongbayin. 29 Jun 2018 – CNFC Overseas Fisheries Co. Ltd. to build a fish farming base in Vanuatu. 29 Jun 2018 – Jiantou Huawen Investment Co. Ltd., a subsidiary of JIC Group, invests in PatSnap Limited of Cayman Islands. 29 Jun 2018 - China Machinery Engineering Corporation to set up China Machinery Engineering Uruguay Co. Ltd. in Uruguay. 28 Jun 2018 – CITIC Land and partners to increase share capitals in China – EU Bridges Limited of Macau. 28 Jun 2018 – CITIC Construction Co. Ltd. to set up CITIC Construction International (Myanmar) Co. Ltd. in Myanmar. 28 Jun 2018 - China COSCO Shipping Corporation Limited acquires COSCO Capital Management Limited. 28 Jun 2018 – China Gezhouba Group International Engineering Co. Ltd. to increase share capitals in Gezhouba Malaysia Co. Ltd. 28 Jun 2018 – China Nonferrous Metal Industry’s Foreign Engineering and Construction Co. Ltd. acquires some equity stakes of PT Dairi Prima Mineral and to start its lead and zinc mining projects in Dairi, Indonesia. 28 Jun 2018 – CTS International Logistics Corporation Ltd. to increase share capitals in its subsidiary CTS International Logistics (Hong Kong) Co. Ltd. 28 Jun 2018 – China Shipbuilding Industry Corporation (CSIC) to increase share capitals in China Shipbuilding Capital Limited. 28 Jun 2018 – China Construction Fifth Engineering Division Corporation Ltd. to set up China Construction Xiao Xiang (India) Co. Ltd. in India. 28 Jun 2018 – China Construction Fifth Engineering Division Corporation Ltd. to set up China Construction Xiao Xiang (Myanmar) Co. Ltd. in Myanmar. 28 Jun 2018 – Harbin Electric Gas Co. Ltd. is to increase share capitals in Excalibur Global Financial Holdings Limited and a reliable energy company in Indonesia. |
Industry Snapshot
SpotlightArt Appreciation
A pair of bears also made for pressing curled corners of floor mats. Tall 5.2cm
West Han, Han Dynasty
Courtesy of National Museum of China
What to watch
13 Jul 2018 – The Duty Free Shop (DFS) at the arrival hall of Nanjing Lukou International Airport, Jiangsu has started trial run, letting travelers returning or arriving at Nanjing continue their shopping spree.
12 Jul 2018 –The turbine installation work of Xinghuawan Offshore Wind Farm Phase I off Fujian province was completed, meaning the trial run to get the world’s first international offshore wind power on-grid is ready. 10 Jul 2018 – Dalian’s Wafangdian Bearing Group Corporation and Siemens (China) have signed a strategic collaboration agreement to develop smart manufacturing bases in Dalian, Liaoning and other northeast cities of China. 30 Jun 2018 – Qinzhou Port, Guangxi Autonomous Region witnessed the region’s first sea-linked-railway, the Beibu Gulf-Yibin Joint Transport Line, set sail yesterday. 26 Jun 2018 – Agricultural Development Bank of China (Sichuan) will provide credits of RMB30 billion for Sichuan Development (Holding) Co. Ltd. over the next three years, funding Tian Fu Agricultural Park in Xinjin county, Xingwen Stone World tourism park, wineries in Linyu Town, Luzhou city, and other eco-protection projects in Sichuan province. 22 Jun 2018 –Wuchan Healthcare signed a collaboration agreement with New Hope Fertility Centre of New York, the U.S. to open fertility clinics in Hangzhou, Zhejiang province. |
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CHINA FREE TRADE AGREEMENTS
Bank of China (Hong Kong) wins the SME Partner Awards of Excellence - Guangdong-Hong Kong-Macao Greater Bay Area Commercial Banking Services 2018, awarded by Hong Kong Economic Journal, Hong Kong.
5 Jul 2018
Bank of China (Hong Kong) wins the SME Partner Awards of Excellence - Retail and Business Integrated Services 2018, awarded by Hong Kong Economic Journal, Hong Kong.
5 Jul 2018
A lock and a key - gold plated and crafted with dragon and cloud patterns.
Qianlong Era, Qing Dynasty. Length 28.5cm, width 8.7cm
Courtesy of National Meseum of China
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Up-dating China economics
Time: Jan-May 2018 Fixed asset investments ex-farm: RMB21.60 trillion (+6.1% year-on-year) Fixed asset investments in manufacturing sector: +5.2% - of which fixed asset investments in manufacturing of equipment: +8.2% Private sector investments: +8.1% - of which investments in primary industry: +17.4% - investments in secondary industry: +5% - investments in tertiary industry: +10.1% Fixed asset investments in hi-tech: +1.05% - of which investments in hi-tech manufacturing +9.7% Fixed asset investments in hi-tech services: +12.2% Source: National Bureau of Statistics of China 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) |