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China News Focus
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.
What to watch
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.
Up-dating China economics
Time: Jan-May 2019
PMI (seasonally adjusted):
Jan - 49.5
Feb - 49.2
Mar - 50.5
Apr - 50.1
May - 49.4
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)