By Xinhuanet| 2021-09-23 22:17:21
A cargo train departing from the Vietnamese capital Hanoi arrived in southwest China's Chongqing Municipality on Thursday. It marks the launch of a new cross-border railway service between China and Vietnam.The train, carrying machinery equipment, clothing, and other goods worth about 1.62 million U.S. dollars, traveled for eight days, said the New Land-Sea Corridor Operation Co., Ltd.The New International Land-Sea Trade Corridor is a trade and logistics passage jointly built by Singapore and provincial-level regions of western China. Chongqing Municipality is the center of operation for the corridor.Li Na, head of the company's Eurasian logistics, said the cross-border railway trains have the advantages of punctuality and cheapness and will directly connect with China-Europe freight train services after arriving in Chongqing. Enditem
By Xinhuanet| 2021-09-22 23:00:54
Shanghai reported surging growth in the export of containers and container ships in the first eight months of this year, local customs said on Wednesday.From January to August, Shanghai exported 246,000 containers, up twofold from the same period last year, Shanghai Customs said. The value of exports surged 455 percent to 8.06 billion yuan (about 1.25 billion U.S. dollars).During the period, the city also exported 16 container ships worth 7.99 billion yuan, although there was no record of exports for the same period last year.The growth in exports of containers and container ships shows that the global demand for China-made goods is still strong in the face of the COVID-19 pandemic, the customs authorities said.Market demand for containers has been strong, as global shipping prices spiked from the third quarter of 2020, according to Shanghai CIMC Baowell Industries Co., Ltd., which alone exported 163,000 containers in the January-August period. Enditem
By Xinhuanet| 2021-09-21 20:39:14
Southwest China's Chongqing Municipality saw its motorcycle exports up 52.3 percent year on year to reach 2.39 million units in the first seven months, official statistics showed.The exports value of motorcycles of the city, dubbed as "the capital of motorcycles," hit 8.33 billion yuan (about 1.29 billion U.S. dollars), up 58.7 percent year on year, according to the Chongqing Municipal Commission of Commerce.Xu Xincheng, deputy director of the commission, said that the local government will support enterprises in machinery and electronic products such as motorcycles to expand the international market through online and offline fairs and cross-border e-commerce.In 2020, Chongqing, a major motorcycle manufacturing base of China, exported 3.34 million motorcycles with an export value of 11 billion yuan. Its motorcycles and parts have been exported to nearly 200 countries and regions. Enditem
By Xinhuanet| 2021-09-18 20:30:19
Major global automakers and experts have called for more intensive cooperation in the field of new energy vehicles (NEVs) to achieve the goal of carbon neutrality.Speaking at the 3rd World New Energy Vehicle Congress (WNEVC), the international participants said since China is the biggest auto market in the world, they are willing to work with Chinese partners to fight against climate change for a clean, beautiful world.Themed "Comprehensively promoting marketization, accelerating cross-industry integration, jointly achieving carbon neutrality," the three-day event was held in Haikou, capital of south China's Hainan Province, from Sept. 15 to 17.John Edwards, British Trade Commissioner for China, said he encourages more Chinese companies to explore collaboration opportunities with the UK and help shape the battery and new energy vehicle market."Both China and the UK have detailed plans for zero-emission vehicles. I firmly believe, through exchanges and cooperation such as in this event, we can accelerate innovation, and foster a successful environment to meet our zero-emission vehicle objectives," Edwards said.As a company that has operated in the Chinese market for decades, BMW expressed its support for the green transition in China.The German automaker said it will provide more zero-emission vehicles for the Chinese market and expand the scale of public charging stations by collaborating with Chinese companies. BMW is forging cooperation with Chinese tech giants to help startups in tech innovation, BMW chief of development Frank Weber said in a video speech.Global auto-system supplier ZF has set up nearly 50 manufacturing companies and four R&D centers in more than 20 cities in China.Holger Klein, member of the board of management of ZF Group, said the company will continue to enhance its innovation and development capabilities and promote digital manufacturing for the Chinese NEV market, and contribute to China's sustainable development and next generation mobility.Noting that China is the largest electric vehicle market, Hans Georg Engel, senior executive vice president of Daimler Greater China Ltd., said the company will set up an R&D center in Beijing with over 1,000 engineers and will continue to invest in China to make its research capabilities more remarkable.To be specific, Daimler will focus on the research and development of electric cars and battery technologies to provide customized products to meet the demand of Chinese consumers, he added.German automaker Volkswagen plans to build 17,000 high-power charging piles in China before 2025 and 32,000 by 2030, according to Liu Yunfeng, vice CEO of Volkswagen Group China, noting that achieving carbon neutrality requires effort from every country across the world.Liu's remarks were echoed by Carlos Manuel Rodriguez, CEO of the Global Environment Facility, who urged intensive cooperation in terms of technologies and markets to help the development of the NEV industry in developing countries. Enditem
By Xinhuanet| 2021-09-16 22:25:38
Shanghai's foreign trade totaled 2.57 trillion yuan (about 400 billion U.S. dollars), up 17.1 percent year on year, in the first eight months of 2021, customs authorities said Thursday.During the period, the municipality's exports rose by 10.4 percent to about 973.8 billion yuan, while imports went up 21.6 percent to 1.6 trillion yuan.High-tech and new-technology products including integrated circuits and automatic data processing equipment and its components accounted for nearly one third of the total import value, said the local customs.Meanwhile, mechanical and electrical products reached an export value of about 662 billion yuan, up 10.6 percent, accounting for 68 percent of the city's total export value during the period.Notably, Shanghai's automobile imports increased 55 percent to over 50 billion yuan while its diamond imports had more than tripled to exceed 18.66 billion yuan. Enditem
By Xinhuanet| 2021-09-15 21:42:11
China's industrial output increase has remained stable in August this year, with the growth in the high-tech manufacturing sector gaining steam, official data showed on Wednesday.The value-added industrial output, a key indicator reflecting industrial activities and economic prosperity, went up 5.3 percent year on year in August, according to the National Bureau of Statistics (NBS).The figure was up 11.2 percent from the level in August 2019, bringing the average growth for the past two years to 5.4 percent, NBS data showed.In the first eight months, industrial output gained 13.1 percent year on year, resulting in an average two-year growth of 6.6 percent.The industrial output is used to measure the activity of designated large enterprises with an annual business turnover of at least 20 million yuan (about 3.1 million U.S. dollars).In a breakdown by ownership, the private sector's output increased 5.2 percent year on year last month, while the output of state-owned enterprises rose 4.6 percent.The manufacturing sector's output rose 5.5 percent year on year in August, and the mining sector saw its output increase 2.5 percent, NBS data showed.Despite the COVID-19 epidemic, the country still saw apparent industrial and technological upgrading in July and August, NBS spokesperson Fu Linghui told a press conference. He pointed out that the high-tech manufacturing sector has continued to expand rapidly.Last month, the output of China's high-tech manufacturing sector jumped 18.3 percent year on year, accelerating by 2.7 percentage points compared with July. The average growth rate in the last two years stood at 12.8 percent, the data showed.By products, the output of new energy vehicles soared 151.9 percent year on year, while the industrial robots sector climbed 57.4 percent. The integrated circuit industry also saw a strong performance, with the output expanding 39.4 percent year on year last month.In August, the purchasing managers' index for China's manufacturing sector came in at 50.1, remaining in the expansion zone for 18 consecutive months, previous NBS data showed. Enditem
By Xinhuanet| 2021-09-14 20:52:51
The 130th session of the China Import and Export Fair, also known as the Canton Fair, will resume offline activities, organizers said Tuesday.The fair, scheduled to kick off next month in south China's Guangdong Province, will be held both online and offline, Vice Minister of Commerce Ren Hongbin told a press conference.The event will last five days and feature only one phase compared with three phases in previous sessions in view of the current pandemic control situation. The offline exhibition will cover an area of 400,000 square meters while 60,000 online booths will be set up for the virtual event, he added.Founded in 1957, the Canton Fair is seen as a significant barometer of China's foreign trade.The upcoming session will be the fair's first time to be held online and offline concurrently, Ren said, adding that it demonstrates the country's determination in further opening-up. Enditem
By Xinhuanet| 2021-09-13 22:16:32
Beibu Gulf Port in south China's Guangxi Zhuang Autonomous Region saw its cargo throughput rise 10.09 percent year on year to over 177 million tonnes in the first 8 months of 2021.Over 3.63 million twenty-foot equivalent unit (TEU) containers were handled at the port during the same period, up 19.69 percent year on year, according to the Beibu Gulf Port Group.Beibu Gulf Port currently has more than 260 productive berths. Over 50 shipping routes link the gulf with more than 300 ports around the world. Enditem
By Xinhuanet| 2021-09-10 20:23:31
China's auto sales rose 13.7 percent year on year to 16.56 million units in the first eight months of 2021, data from the China Association of Automobile Manufacturers showed Friday.Sales of passenger vehicles increased 16 percent year on year to 13.11 million units between January and August.In August alone, auto sales totaled nearly 1.8 million units, down 17.8 percent year on year. Enditem
By Xinhuanet| 2021-09-09 22:03:38
China's securities regulator has pledged to roll out more measures to expand opening-up, while calling for strengthening cross-border regulatory cooperation.China will study and introduce relevant measures to further expand opening-up, including expanding the country's Stock Connect programs and increasing the supply of international futures products, according to Yi Huiman, chairman of the China Securities Regulatory Commission.Major global financial centers, with developed capital markets, should offer services to global investors and facilitate cross-border financing and investment, Yi noted, stressing that the centers should not be used as the platform and tool for governments to suppress other countries.Adhering to the principles of mutual respect, effective communication, mutual benefit and win-win results, China will carry out pragmatic cooperation with relevant parties in areas including the supervision of China-concept stocks, cross-border audit supervision and law-enforcement cooperation, Yi said. Enditem
