By Xinhuanet| 2021-10-29 23:50:01

On Friday morning, the first "Jinbo" China-Europe freight train arrived in Shanghai, marking the first time for exhibits of the China International Import Expo (CIIE) to be sent by the freight train to the municipality.A total of 35 containers with goods weighing about 460 tonnes were first concentrated from Hamburg and Duisburg in Germany to Malaszewicze in Poland and then were carried by the freight train which entered China via Alataw Pass, a major rail port in Xinjiang, to Shanghai."Jinbo" is short for CIIE in Chinese. The exhibits on display at the upcoming 4th CIIE include intelligent vacuum--jetting-flushing combination systems and electrical machinery parts. The exhibits and the freight train were all disinfected and checked before entering China to meet the expo's anti-epidemic prevention and control guidelines.It only took about half of the shipping time to transport the goods to the destination by the China-Europe freight train, according to Wang Jinqiu, chairman of the train's operating company.The "Shanghai Express," Shanghai's first China-Europe freight train, departed from the city in September, marking the first cross-border railway service between Shanghai and Europe. To date, four China-Europe freight trains have left from Shanghai to Hamburg, Germany. Enditem

By Xinhuanet| 2021-10-28 21:17:24

Chinese passenger car brands saw their share of the domestic market grow in September, according to data from an industry association.Their sales of passenger cars accounted for 46.9 percent of all sales of such vehicles last month, up 9.1 percentage points year on year, said the China Association of Automobile Manufacturers.Their market share increased 1.6 percentage points from a month earlier, the association reported.In the first nine months, Chinese brands' passenger car sales jumped 31.4 percent year on year and accounted for 43.3 percent of the total passenger car sales, a market share rise of 6.7 percentage points from a year earlier. Enditem

By Xinhuanet| 2021-10-27 21:48:16

Profits of China's major industrial firms maintained sound growth momentum in the first three quarters of the year as industrial production continued to recover and business operations kept improving, official data showed on Wednesday.Industrial firms with annual business revenues of at least 20 million yuan (about 3.1 million U.S. dollars) saw their combined profits jumping 44.7 percent year on year in the January-September period to top 6.34 trillion yuan, data from the National Bureau of Statistics (NBS) showed.The volume surged 41.2 percent compared with the 2019 level, putting the average January-September growth for 2020 and 2021 at 18.8 percent.In September alone, profits of major industrial companies soared 16.3 percent year on year to 738.74 billion yuan, quickening from the 10.1-percent gain reported in August, according to the NBS.In the first nine months, 29 out of 41 industries saw an expansion in their profits compared with the same period in 2019, while the overall performance of most industries was better than the pre-epidemic level, said senior NBS statistician Zhu Hong.The high-tech manufacturing sector led the growth, with its profits growing 33.6 percent year on year over the same period.In particular, boosted by the surging demand for vaccines at home and abroad, the pharmaceutical manufacturing sector continued high-speed growth since the beginning of the year and soared 66.8 percent during the period.An obvious profit expansion in mining and raw material manufacturing industries has underpinned the headline figures, Zhu noted.Profits in the coal mining industry jumped 272 percent year on year for the January-September period, while the oil and gas exploitation industry saw its earnings skyrocket 297 percent.Zhu said that high commodity prices and unsmooth operations of supply chains have constrained the continuous improvement of the companies' profitability."The imbalanced profit distribution between upstream and downstream industries is meanwhile fairly prominent, and the foundation for the recovery still needs firming up," Zhu added. Enditem

By Xinhuanet| 2021-10-26 21:40:57

China's average daily output of crude steel recorded a three-year low in September, according to the China Iron and Steel Association (CISA) Monday.The average daily output in September fell 21.2 percent year on year to 2.46 million tonnes, CISA vice chairperson Qu Xiuli said at a press conference.She noted the drop in output is a must, as the country continued to control the production and energy cost of the steel industry.A cut in output, however, did not affect the profits of China's major steel mills. In the first nine months of this year, profits of the country's major iron and steel companies surged 123 percent year on year.Qu urged more efforts to build up the industrial and supply chains to enhance the coordinated development of upstream and downstream companies.As part of the green shift by its energy-consuming steel industry, China has vowed to shrink its crude steel output in 2021 from a year earlier. Enditem

By Xinhuanet| 2021-10-25 21:31:21

Shanghai exported 333,000 motor vehicles in the first three quarters of 2021, up 164 percent from the same period last year, Shanghai customs said Monday.The total value of these vehicles was 37.85 billion yuan (about 5.92 billion U.S. dollars), up 224 percent year on year, said the customs.The European Union (EU) and Australia were the top two export markets for Shanghai vehicles from January to September, receiving 67,000 and 53,000 vehicles, respectively. The figures accounted for 36.2 percent of Shanghai's total automobile exports.Shanghai's import and export volume totaled 2.92 trillion yuan in the first three quarters, up 15.4 percent year on year. The municipality's exports rose by 9.9 percent, while imports went up 19.1 percent. Enditem

By Xinhuanet| 2021-10-24 23:24:11

Chinese passenger car brands saw their share of the domestic market grow in September, according to data from an industry association.Their sales of passenger cars accounted for 46.9 percent of all sales of such vehicles last month, up 9.1 percentage points year on year, said the China Association of Automobile Manufacturers.Their market share increased 1.6 percentage points from a month earlier, the association reported.In the first nine months, Chinese brands' passenger car sales jumped 31.4 percent year on year and accounted for 43.3 percent of the total passenger car sales, a market share rise of 6.7 percentage points from a year earlier. Enditem

By Xinhuanet| 2021-10-22 21:54:58

Guangdong Province, a manufacturing heartland and leading foreign trade player in China, reported robust trade growth in the first three quarters of 2021.Foreign trade of the southern Chinese province totaled 6.03 trillion yuan (about 943 billion U.S. dollars) in the January-September period, up 18.6 percent year on year, the provincial customs authority said Friday.Its exports grew 19.3 percent year on year to 3.68 trillion yuan, while imports increased 17.5 percent to 2.35 trillion yuan.Private businesses continued to be a big contributor to Guangdong's foreign trade, registering an import and export volume of 3.43 trillion yuan in the first nine months, up 21.9 percent year on year and accounting for 56.9 percent of the total trade.Foreign-funded enterprises contributed 37.7 percent of Guangdong's foreign trade.The Association of Southeast Asian Nations was Guangdong's largest trading partner in the first three quarters, with a foreign trade volume of 908.37 billion yuan, up 17.4 percent year on year. The province's trade with the European Union and the United States grew by over 16 percent year on year during the period. Enditem

By Xinhuanet| 2021-10-21 20:04:18

Central China's Hunan Province launched 783 China-Europe freight trains in the first three quarters of this year, up 84.7 percent year on year, local customs said Thursday.The freight trains, handled by customs in the provincial capital Changsha, shipped 512,000 tonnes of cargo with the value of the goods reaching 13.9 billion yuan (about 2 billion U.S. dollars) in the Jan.-Sept. period, up 68.5 percent year on year and 22.7 percent, respectively.Since the launch of the China-Europe freight train service in Changsha, the cumulative number of trains has exceeded 2,000.Four new routes were launched this year linking Changsha with Belarus, Russia, Ukraine, Poland and Kazakhstan. The main export items transported through the cross-border train service include daily necessities, furniture, automobiles and auto parts, and lamps. Enditem

By Xinhuanet| 2021-10-20 20:18:22

Southwest China's Yunnan Province saw its foreign trade volume reach 224.11 billion yuan (about 34.85 billion U.S. dollars) in the first three quarters of 2021, up 37.7 percent year on year, according to local customs.Its exports increased 52.4 percent year on year to 117.93 billion yuan while imports climbed 24.4 percent to 106.18 billion yuan during the period, according to customs authorities in the provincial capital Kunming.ASEAN remains the largest trade partner of the province. Its imports and exports with ASEAN countries grew 16.7 percent year on year to 91.46 billion yuan, accounting for 40.8 percent of Yunnan's total foreign trade volume from January to September. Among these countries, the province saw its foreign trade with Thailand and Laos surge by 44.1 percent and 58.7 percent year on year to 10.65 billion yuan and 6.98 billion yuan, respectively.Notably, the private sector contributed 121.18 billion yuan to foreign trade, up 49.9 percent year on year, accounting for 54.1 percent of the province's total. Enditem

By Xinhuanet| 2021-10-19 20:28:24

East China's Jiangsu Province, one of the country's major foreign trade hubs, saw robust foreign trade growth in the first three quarters of 2021, local customs authorities said Tuesday.Jiangsu's import and export volume rose by 16.5 percent year on year to more than 3.75 trillion yuan (about 580 billion U.S. dollars) from January to September, according to Nanjing customs.Exports soared to over 2.32 trillion yuan, marking an 18.2 percent increase from the same period last year, while imports reached over 1.43 trillion yuan, up 14 percent year on year.In the nine months, the province's trade volume with the European Union, the Association of Southeast Asian Nations (ASEAN), the United States, and the countries along the Belt and Road increased 17 percent, 19.8 percent, 13.2 percent, and 21.6 percent, respectively.The foreign trade of Jiangsu's private enterprises saw a strong performance, with the total volume up by 28.6 percent year on year to 1.42 trillion yuan, the customs noted. Enditem