Global-China Information Service

Abstract : The Xinjiang branch of PetroChina has accelerated exploitation of the Mahu Oilfield in the Junggar Basin, in the northwestern Xinjiang Uygur Autonomous Region. URUMQI, June 29 (Xinhua) — The Xinjiang branch of PetroChina has accelerated exploitation of the Mahu Oilfield in the Junggar Basin, in the northwestern Xinjiang Uygur Autonomous Region. The mega oilfield, which was ascertained in late 2017, has a proven oil reserve exceeding one billion tonnes. The company said the Mahu Oilfield now produces nearly 6,000 tonnes of crude oil per day, and is expected to achieve an annual production of 2.18 million tonnes of crude oil this year. As of the end of May, a total of 79 crude oil wells in the oilfield had been put into operation, with an aggregate output of 4.85 million tonnes, according to Han Junwei with the company’s reservoir evaluation department. The annual production of the Mahu Oilfield is expected to reach 5 million tonnes in 2025. Enditem About Xinhua Silk Ro...

Abstract : China will initiate a pilot program to facilitate cross-border purchase of wealth management products (WMP) by residents in the Guangdong-Hong Kong-Macao Greater Bay Area, the country's central bank said Monday. BEIJING, June 29 (Xinhua) — China will initiate a pilot program to facilitate cross-border purchase of wealth management products (WMP) by residents in the Guangdong-Hong Kong-Macao Greater Bay Area, the country’s central bank said Monday. Chinese mainland residents in the Greater Bay Area will be allowed to open special investment accounts with the banks in Hong Kong and Macao to buy their qualified WMPs, while residents in Hong Kong and Macao can buy WMPs sold by mainland banks operating in the Greater Bay Area, the People’s Bank of China said in an online statement. According to the statement, cross-border capital flow under the program will be capped, while individual investors will be granted a quota on their WMP investments. The program is expected ...

Abstract : The purchasing managers' index (PMI) for China's manufacturing sector ticked up to 50.9 in June from 50.6 in May, the National Bureau of Statistics said Tuesday. BEIJING, June 30 (Xinhua) — The purchasing managers’ index (PMI) for China’s manufacturing sector ticked up to 50.9 in June from 50.6 in May, the National Bureau of Statistics said Tuesday. A reading above 50 indicates expansion, while a reading below reflects contraction. Business activities of the country’s manufacturing sector continued to pick up in June amid the country’s efforts to mitigate the impact of the COVID-19 epidemic, NBS senior statistician Zhao Qinghe said. The PMI for 14 of the 21 surveyed sectors registered a reading above 50, an increase of five from last month, NBS data showed. The sub-index for production edged up 0.7 percentage points to 53.9 in June. The sub-index for new orders picked up 0.5 percentage points to 51.4, rising for two consecutive months, NBS data showed. As maj...

Abstract : A new energy vehicle (NEV) project of FAW Toyota was launched on Monday in north China's Tianjin Municipality, according to the Tianjin FAW Toyota Motor Co., Ltd. TIANJIN, June 29 (Xinhua) — A new energy vehicle (NEV) project of FAW Toyota was launched on Monday in north China’s Tianjin Municipality, according to the Tianjin FAW Toyota Motor Co., Ltd. Located in the China-Singapore Tianjin Eco-City, the project is expected to be put into operation in June 2022, and will become an important NEV production plant of FAW Toyota in China after completion, said the company. The project is a major step by FAW Toyota to implement the electrification development strategy of both parent companies, said Xu Liuping, chairman of the FAW Group. China produced and sold 1.24 million and 1.21 million units of NEVs respectively in 2019, according to the China Association of Automobile Manufacturers. After completion, the project is expected to increase its annual industrial output b...

Abstract : As COVID-19 continues to sweep across the world and wreck economic havoc globally, foreign capital continues to flow into China, according to a report compiled by research firm Rhodium Group published Thursday. BEIJING, June 29 (Xinhua) — As COVID-19 continues to sweep across the world and wreck economic havoc globally, foreign capital continues to flow into China, according to a report compiled by research firm Rhodium Group published Thursday. While the COVID-19 outbreak has slammed inbound and outbound deal-making this year, flows into China have picked up every month since January. The first five months of 2020 has seen foreign M&A (mergers and acquisitions) into China surpassing Chinese outbound M&A activities in both volume and value terms for the first time in a decade. “Over the past 18 months, we have recorded levels of foreign M&A into China that were not seen in the previous decade,” the report said. According to Rhodium, most of the capital in...

Abstract : The three-day Dragon Boat Festival holiday ending Saturday had seen China's tourist activities rebound and online consumption retain steam in fresh signs of post-epidemic recovery, reported Economic Information Daily on Monday. BEIJING, June 29 (Xinhua) — The three-day Dragon Boat Festival holiday ending Saturday had seen China’s tourist activities rebound and online consumption retain steam in fresh signs of post-epidemic recovery, reported Economic Information Daily on Monday. The tourism sector that was once severely affected by the COVID-19 has warmed. Ticket purchases for tourist sites and hotel bookings increased more than fourfold and twofold, respectively, from the three-day Tomb-sweeping Day holiday in April this year, the newspaper reported, citing data from Mafengwo.com, a popular online travel website. Trip.com Group said that during the holiday period domestic tour-related searches and demand for flight ticket bookings were around 70 percent of the same...

Abstract : The profits of China's state-owned enterprises (SOEs) recovered in May as economic activities gradually normalized, official data showed Monday. BEIJING, June 29 (Xinhua) — The profits of China’s state-owned enterprises (SOEs) recovered in May as economic activities gradually normalized, official data showed Monday. Month on month, the combined profits of SOEs surged 251.1 percent in May, recovering to 94.5 percent of the level seen during the same period last year, according to data from the Ministry of Finance. In the first five months, their profits totaled 663.09 billion yuan (about 93.65 billion U.S. dollars), down 52.7 percent year on year due to the impact of the novel coronavirus outbreak. SOEs have generated combined revenue of 21.84 trillion yuan during the five-month period, down 7.7 percent from the same period last year, and their operating costs saw a 4.9-percent fall to 21.61 trillion yuan, the ministry said. SOEs’ debt-to-asset ratio came in at 64....

Abstract : It's the most enchanting season on Kazakhstan's steppes where flocks of cattle, sheep, horses as well as shepherds on horseback wander under the clear blue sky. by Ren Jun, Wang Mingyu NUR-SULTAN, June 27 (Xinhua) — It’s the most enchanting season on Kazakhstan’s steppes where flocks of cattle, sheep, horses as well as shepherds on horseback wander under the clear blue sky. Seven kilometers away from the village of Zhansary in central Kazakhstan’s Karaganda Region, a dairy factory which produces camel and mare milk powder is in full swing of production. “Recently our camel milk powder has successfully entered the Chinese market despite the pandemic, and horse milk powder is also expected to follow suit. Everyone in the factory gets motivated,” said factory manager Bayan Elshin. Every morning, Elshin, in his dark green jacket and riding boots, inspects the camel and horse sheds, checks the equipment imported from Germany and instructs workers on safety rules. ...

Abstract : Colombia's state-owned Regional Railway Company on Wednesday signed a contract with the China Civil Engineering Construction Corporation (CCECC) to begin work on a commuter train serving the capital Bogota and its outlying areas. BOGOTA, June 24 (Xinhua) — Colombia’s state-owned Regional Railway Company on Wednesday signed a contract with the China Civil Engineering Construction Corporation (CCECC) to begin work on a commuter train serving the capital Bogota and its outlying areas. Colombian President Ivan Duque was present when the representatives of the two companies signed the contract for construction to begin on the West Regiotram, which will connect various communities in the department of Cundinamarca, where Bogota is located, with the capital. Duque called the signing of the document a “historical event” that marked “the beginning of the dream that for years Cundinamarca has yearned for, which will improve the quality of life, open up opportunities a...

Abstract : China's top economic planner has decided to extend the policy of cutting electricity prices by 5 percent until year-end to help businesses overcome difficulties caused by the novel coronavirus outbreak. BEIJING, June 29 (Xinhua) — China’s top economic planner has decided to extend the policy of cutting electricity prices by 5 percent until year-end to help businesses overcome difficulties caused by the novel coronavirus outbreak. The policy , first adopted for the Feb. 1-June 30 period to mitigate the impact of the epidemic, will be extended to Dec. 31 and applies to enterprise users except those in high energy consuming sectors, according to the National Development and Reform Commission (NDRC). The decision is aimed at reducing business costs and stabilizing the job market, the NDRC noted. As the COVID-19 pandemic disrupted global industrial chains and dampened demand, Chinese authorities repeatedly stressed the important role of fee cuts in ensuring employment...

Abstract : China announced on Sunday that it will temporarily adjust the implementation of five administrative regulations in the pilot free trade zone (FTZ) of the southernmost province of Hainan to support its all-round reform and opening up. BEIJING, June 28 (Xinhua) — China announced on Sunday that it will temporarily adjust the implementation of five administrative regulations in the pilot free trade zone (FTZ) of the southernmost province of Hainan to support its all-round reform and opening up. The adjustments, effective from June 28, 2020 to Dec. 31, 2024, cover regulations on customs guarantees, tariffs, international maritime transport, inspection of ships and offshore facilities, as well as domestic waterway transport, according to a circular issued by the State Council. Self-driving entry of overseas yachts will enjoy a guarantee-free policy in the Hainan FTZ, while the approval power concerning the operation of international passenger ships and international bulk s...

Abstract : China saw 316 new public-private partnership (PPP) projects registered in the first five months of the year, according to the country's top economic planner. BEIJING, June 25 (Xinhua) — China saw 316 new public-private partnership (PPP) projects registered in the first five months of the year, according to the country’s top economic planner. Some 110 of the projects were related to urban infrastructure, data from the National Development and Reform Commission showed. Sectors including agriculture, forestry, water conservation, social development, transport and environmental protection also reported new PPP projects in the period. By far, a total of 7,235 PPP projects have been registered with a national monitoring platform, the figures showed. PPPs act as collaborative investment models between government and private companies. Chinese authorities have been exploring funding infrastructure and public works through PPP models in recent years, aiming to reduce...

Abstract : Three ARJ21 regional passenger planes were delivered to major domestic airlines on Sunday in Shanghai, marking the homegrown jetliner entering the domestic, mainstream civil aviation market. SHANGHAI, June 28 (Xinhua) — Three ARJ21 regional passenger planes were delivered to major domestic airlines on Sunday in Shanghai, marking the homegrown jetliner entering the domestic, mainstream civil aviation market. The Commercial Aircraft Corp. of China (COMAC) delivered the jetliners, with 90 seats in a full economy class configuration, to Air China, China Eastern Airlines, and China Southern Airlines at the Pudong base of its assembly manufacturing center. “For the ARJ21, the delivery to the three major airlines means that this aircraft can enter our country’s mainstream civil aviation market. Its market development, route adaptability, and passenger awareness will be greatly improved,” said Zhang Xiaoguang, director of the marketing & sales department of COMAC. To date, ...

Abstract : A purchasing and procurement center, featuring goods from the ASEAN member countries, opened on Sunday in southwest China's Chongqing Municipality. CHONGQING, June 28 (Xinhua) — A purchasing and procurement center, featuring goods from the ASEAN member countries, opened on Sunday in southwest China’s Chongqing Municipality. Located in the Chongqing Highway Logistics Base, the business area, at the initial stage, covers 2,300 square meters. Customers can buy various products ranging from silver products to seafood at the center. A cross-border highway freight service between Chongqing and the ASEAN was launched at the logistics base in April 2016. Operated by the ASEAN international logistics park of Chongqing, and with a total investment of 10 million yuan (about 1.41 million U.S. dollars), the 14,000-square-meter purchasing center aims to become a new platform for the exchange of goods between the western Chinese inland regions and the ASEAN member countries. T...

Abstract : Chinese card payment giant China UnionPay saw increased payments during the three-day Dragon Boat Festival holiday that ended Saturday, the national bank card association said Sunday. BEIJING, June 28 (Xinhua) — Chinese card payment giant China UnionPay saw increased payments during the three-day Dragon Boat Festival holiday that ended Saturday, the national bank card association said Sunday. Payments over the China UnionPay network reached 952.1 billion yuan (about 135 billion U.S. dollars), up 3.6 percent compared with the holiday last year. China UnionPay is the country’s largest bank card payment processor, and UnionPay cards are accepted in more than 170 countries and regions around the world. Transactions over its network reached 189.4 trillion yuan in 2019, up 54.3 percent year on year. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime ...

Abstract : China's central bank on Sunday vowed stronger macro-economic policy adjustment as well as better fiscal, monetary, and employment policy coordination and implementation to counter the impact of COVID-19 on economic growth. BEIJING, June 28 (Xinhua) — China’s central bank on Sunday vowed stronger macro-economic policy adjustment as well as better fiscal, monetary, and employment policy coordination and implementation to counter the impact of COVID-19 on economic growth. The country will pursue a prudent monetary policy in a more flexible and appropriate way, and put boosting the real economy and sustainable development at a more prominent position, the People’s Bank of China said in a statement released after a quarterly meeting of its monetary policy committee. The country’s economic growth faces challenges as the situation of the global COVID-19 pandemic and world economic development remains grave and complex, the central bank said. The central bank said it wil...

Abstract : The successfully-held 127th China Import and Export Fair, popularly known as Canton Fair, has demonstrated that China is "still going strong" as the world's factory even during the COVID-19 pandemic, according to The Economist magazine. LONDON, June 25 (Xinhua) — The successfully-held 127th China Import and Export Fair, popularly known as Canton Fair, has demonstrated that China is “still going strong” as the world’s factory even during the COVID-19 pandemic, according to The Economist magazine. The virtual Canton Fair, the first for the decades-old trade fair, concluded Wednesday in south China’s Guangdong Province. The 10-day fair attracted nearly 26,000 domestic and foreign enterprises, with 1.8 million products exhibited. China — which accounts for 28 percent of the global manufacturing, nearly the size of the United States, Japan and Germany in combination — is “the world’s factory, more than ever,” the London-based magazine said. Accordi...

Abstract : International credit rating agency Standard & Poor's (S&P) has affirmed its AA+/A-1+ issuer credit ratings on Hong Kong and maintained the outlook as stable. HONG KONG, June 28 (Xinhua) — International credit rating agency Standard & Poor’s (S&P) has affirmed its AA+/A-1+ issuer credit ratings on Hong Kong and maintained the outlook as stable. S&P Global Ratings affirmed on Friday its AA+ long-term and A-1+ short-term issuer credit ratings on Hong Kong. The outlook remains stable, and the transfer and convertibility assessment is unchanged at AAA, the agency announced in its latest report on Hong Kong. It said Hong Kong’s economy will likely suffer another deep contraction this year as the COVID-19 pandemic has increased pressure on the services and trade sectors, and the fiscal deficit is expected to widen with the roll-out of additional fiscal stimulus. “(B)ut for now fiscal buffers remain sufficient to absorb the credit impact of the...

Abstract : The State Development and Investment Corp. (SDIC), a major state-owned investment company, recorded a historic high of 20.1 billion yuan (about 2.85 billion U.S. dollars) in gross profits in 2019. BEIJING, June 26 (Xinhua) — The State Development and Investment Corp. (SDIC), a major state-owned investment company, recorded a historic high of 20.1 billion yuan (about 2.85 billion U.S. dollars) in gross profits in 2019. Its revenue surged 16 percent year on year in 2019 to 155.6 billion yuan, according to a report released by the company. Last year, the SDIC upped investment in technological innovation, doubling the spending from the previous year to 1.49 billion yuan, the report said. The company’s investment in 2019 covered sectors including advanced manufacturing, environmental protection, new energy and general health. Established in 1995 under the direct management of the central government, the company’s main business includes domestic industrial investmen...

Abstract : Chinese authorities have decided to further beef up intellectual property rights (IPR) assistance, with focuses on the assistance to small firms and companies in exhibition and e-commerce sectors. BEIJING, June 27 (Xinhua) — Chinese authorities have decided to further beef up intellectual property rights (IPR) assistance, with focuses on the assistance to small firms and companies in exhibition and e-commerce sectors. More will be done to help micro, small and medium-sized enterprises to safeguard their legal rights, and IPR assistance will also go to exhibition, e-commerce and other enterprises, according to a guideline released by the National Intellectual Property Administration. The guideline also called for improving overseas assistance services, and encouraged universities and social organizations to participate in IPR assistance. In recent years, China has set up 31 IPR protection centers, 20 fast rights-protection centers and 76 IPR assistance centers...

Abstract : Revival of China's software industry has quickened as revenue growth entered positive territory, according to the Ministry of Industry and Information Technology. BEIJING, June 27 (Xinhua) — Revival of China’s software industry has quickened as revenue growth entered positive territory, according to the Ministry of Industry and Information Technology. Software companies reaped nearly 2.8 trillion yuan (about 395.6 billion U.S. dollars) in revenues from January to May, up 4.2 percent year on year, compared with a 0.1-percent drop in the first four months. In the first five months, profit of the software industry reached 321.9 billion yuan, down 1.1 percent year on year. The decline narrowed by 1.2 percentage points from the January-April period, showing a gradual recovery in the sector that has been hurt by the COVID-19 epidemic. Software exports continued slow recovery, with total exports amounting to 16.6 billion dollars during the period. Enditem About Xi...

Abstract : The COVID-19 pandemic will not change China's role as a hot investment destination with a flexible and robust economy, Ker Gibbs, president of American Chamber of Commerce Shanghai (AmCham Shanghai), told Xinhua in an interview. SHANGHAI, June 25 (Xinhua) — The COVID-19 pandemic will not change China’s role as a hot investment destination with a flexible and robust economy, Ker Gibbs, president of American Chamber of Commerce Shanghai (AmCham Shanghai), told Xinhua in an interview. Noting that China is still attractive to foreign companies, Gibbs said the package of measures the country has rolled out to lure and support foreign investment will help secure its role as an investment magnet. “We were happy to see measures including trimming the negative list, optimizing the business environment and strengthening intellectual property protection,” he said. Figures by the National Bureau of Statistics showed that China’s economic recovery continued to be o...

Abstract : PetroChina Changqing Oilfield Company, a subsidiary of China's top oil and gas producer PetroChina, is expected to produce 63 million tonnes of oil equivalent of crude oil and natural gas in 2025. XI’AN, June 28 (Xinhua) — PetroChina Changqing Oilfield Company, a subsidiary of China’s top oil and gas producer PetroChina, is expected to produce 63 million tonnes of oil equivalent of crude oil and natural gas in 2025. Last year, its oil and gas output reached 57.03 million tonnes of oil equivalent, the seventh consecutive year that production reached the 50-million-tonne level, said Fu Suotang, general manager of PetroChina Changqing Oilfield Company. The oil and gas fields of Changqing Oilfield cover Shaanxi, Gansu and Shanxi provinces as well as Ningxia Hui Autonomous Region and Inner Mongolia Autonomous Region. The huge amount of crude oil and natural gas produced since the firm’s establishment in 1970 has played an important role in safeguarding the cou...

Abstract : China Express Airlines, a Chinese private regional airline, has recently accepted the delivery of its first A320neo aircraft from Airbus Tianjin Delivery Center, according to Airbus China. BEIJING, June 28 (Xinhua) — China Express Airlines, a Chinese private regional airline, has recently accepted the delivery of its first A320neo aircraft from Airbus Tianjin Delivery Center, according to Airbus China. Airbus adopted a flexible delivery solution for the aircraft delivery during the pandemic period to help support the smooth operation of the Chinese airline, Airbus China said. The newly delivered A320neo aircraft was assembled in Toulouse, France. In full compliance with the international and domestic health and travel advisories, the aircraft was ferried to north China’s Tianjin Municipality for the customer acceptance process and delivery. China Express Airlines, which is a domestic regional airline based in southwest China’s Chongqing Municipality, currently ...

Abstract : China's tech giant Tencent has released TAD Sim 2.0, the new generation of its autonomous-driving simulation platform, to improve the development and testing efficiency of autonomous driving. BEIJING, June 28 (Xinhua) — China’s tech giant Tencent has released TAD Sim 2.0, the new generation of its autonomous-driving simulation platform, to improve the development and testing efficiency of autonomous driving. Simulation has been widely used in self-driving technology development and urban smart-transportation management. Tencent’s new platform, driven by both real data and gaming technology, has a built-in centimeter-level digital map, as well as dynamic and static environments for autonomous driving testing. Compared with the previous generation, TAD Sim 2.0 fills the gap between road test data and virtual scenarios. With higher resolution in 3D scenario reconstruction and sensor simulation, the platform can make the simulation closer to reality. A huge va...

Abstract : The third China International Import Expo (CIIE) has opened registration for professional visitors, organizers said Wednesday. SHANGHAI, June 24 (Xinhua) — The third China International Import Expo (CIIE) has opened registration for professional visitors, organizers said Wednesday. According to the CIIE Bureau, professional visitors from home and abroad can register on its official website starting from June 24. Professional visitors include buyers, industry insiders and experts from enterprises, social organizations, public institutions and government organs. To facilitate more professional visitors participating in the event, organizers have improved services and registration procedures. The third CIIE is scheduled from Nov. 5 to 10 this year and more than 90 percent of the planned exhibition area has already been booked. The CIIE is the first dedicated import exhibition in the world and has seen fruitful outcomes in the past two expos. Enditem About Xinh...

Abstract : China Unicom, one of the country's largest telecom operators, said in a monthly report that its 4G users reached 258 million in May, up 1.91 million from April. BEIJING, June 25 (Xinhua) — China Unicom, one of the country’s largest telecom operators, said in a monthly report that its 4G users reached 258 million in May, up 1.91 million from April. The number of its fixed-line broadband subscribers saw a net increase of 402,000 to 85.54 million last month. In the face of challenges such as a highly saturated and competitive market and the novel coronavirus epidemic, the operator strengthened differentiated and internet-based operations, controlled costs and weeded out ineffective products and channels, according to the report. China Unicom has about 130,000 5G base stations in operation nationwide. The number is expected to reach 300,000 by the end of this year. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initia...

Abstract : Chinese consumers have accelerated their shift toward online shopping because of measures to curb the spread of COVID-19 and fears of infection, according to a report by Fitch Ratings. BEIJING, June 25 (Xinhua) — Chinese consumers have accelerated their shift toward online shopping because of measures to curb the spread of COVID-19 and fears of infection, according to a report by Fitch Ratings. Online retail sales of goods will account for an increasing share of total retail sales, a trend that will be irreversible, noted the report. The ratings agency expects the ratio of e-tailing sales to total retail sales of goods to climb in the rest of 2020. Compared with more developed countries, China’s e-tailing penetration rate remained relatively low, but the government’s ongoing urbanization drive will boost demand for online shopping, according to the report. Besides, China’s population structure, with a majority aged between 20 and 59, makes consumers generally mo...

Abstract : China has unveiled new, shortened negative lists for foreign investment, as part of efforts to further open up the economy and improve its business environment amid the novel coronavirus epidemic. BEIJING, June 24 (Xinhua) — China has unveiled new, shortened negative lists for foreign investment , as part of efforts to further open up the economy and improve its business environment amid the novel coronavirus epidemic. The number of sectors that are off-limits for foreign investors will be cut to 33 in the 2020 version of the negative list from 40 in the 2019 version, according to a statement jointly released on Tuesday by the National Development and Reform Commission and the Ministry of Commerce. China also unveiled its 2020 negative list for foreign investment in pilot free trade zones, cutting the number of prohibited industries to 30 from 37. The two new negative lists will take effect on July 23. According to the new lists, foreign ownership caps on...

Abstract : China is set to speed up the establishment of a futures law and a Hainan free trade port law to promote high-quality economic development, according to the revised annual legislative work plan of the National People's Congress Standing Committee that was made public on Saturday. China is set to speed up the establishment of a futures law and a Hainan free trade port law to promote high-quality economic development, according to the revised annual legislative work plan of the National People’s Congress Standing Committee that was made public on Saturday. The futures market has become the only field in the financial market that lacks legal regulations and analysts say a modern regulatory framework will allow it to better serve the real economy. With the release of the master plan for the Hainan free trade port (FTP), the actual formulation of laws and regulations based on the construction of a world-class FTP has attracted wide public attention. — Futures law At C...

Abstract : Set up in 2018 and put into use last year, 42 food stalls and 42 dining tables line the night market, in the township of Langgar, Yutian County, northwest China's Xinjiang Uygur Autonomous Region. People dance at a night market in the township of Langgar, Yutian County, northwest China’s Xinjiang Uygur Autonomous Region, May 20, 2020. (Xinhua/Sadat) URUMQI, June 23 (Xinhua) — Each evening, 29-year-old Azgul Eyni finds herself constantly glancing at the clock, waiting for it to strike 9. As a mother of two and a stall operator in a night market, Azgul Eyni takes care of her children in the daytime and prepares ingredients for the local delicacies she will sell by night. As the hour hand ticks over at long last, she heads to the night market to run her stall with bags of ingredients in tow. As she prepares her food, she chats with her customers — mostly people from nearby villages, and sometimes tourists from afar. From 9 p.m. to around 2 a.m. she flits back and for...

Abstract : A total of 3.9 million stems of flowers were transacted Tuesday via the electronic auction services of the Kunming Dounan Flower Market, Asia's largest fresh cut flower trading market, up 8 percent from Monday. KUNMING, June 23 (Xinhua) — A total of 3.9 million stems of flowers were transacted Tuesday via the electronic auction services of the Kunming Dounan Flower Market, Asia’s largest fresh cut flower trading market, up 8 percent from Monday. The data were provided by the Kunming International Flora Auction Trading Center and the Dounan Flower Electronic Trade Center. As a barometer of China’s flower market, the Kunming-based market in southwest China’s Yunnan Province saw the trading volume of fresh cut flowers reach 9.23 billion stems in 2019. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BR...

Abstract : Output of raw coal in China rose 0.9 percent year on year to 1.47 billion tonnes in the first five months of this year, official data showed. BEIJING, June 21 (Xinhua) — Output of raw coal in China rose 0.9 percent year on year to 1.47 billion tonnes in the first five months of this year, official data showed. The country produced 320 million tonnes of raw coal last month, down 0.1 percent year on year, data from the National Bureau of Statistics showed. In the first five months, coal imports rose by 16.8 percent to hit 149 million tonnes. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI). Source: China’s coal output up 0.9 pct in January-May

Abstract : The China-Laos railway project has started interviewing local job applicants for future operation since Thursday. VIENTIANE, May 29 (Xinhua) — The China-Laos railway project has started interviewing local job applicants for future operation since Thursday. At the Confucius Institute of the National University of Laos in capital Vientiane, 330 Lao young talents attended the interview for the recruitment of trainees for the railway’s operation period on Thursday, organized by the Laos-China Railway Co., Ltd.(LCRC), a joint venture based in Vientiane, in charge of the railway’s construction and operation. The LCRC told Xinhua on Friday that, the company will maximize the recruitment of local staff to increase local employment. The company is to recruit over 600 trainees to assume the positions of locomotive drivers, locomotive maintenance personnel, infrastructure maintenance personnel, station attendants and train crews, etc. After passing the interview, the trainees wi...

Abstract : China saw faster growth in natural gas output last month, according to official data. BEIJING, June 20 (Xinhua) — China saw faster growth in natural gas output last month, according to official data. The output jumped 12.7 percent year on year to 15.9 billion cubic meters in May, data from the National Bureau of Statistics (NBS) showed. Average daily production hit 510 million cubic meters. In the first five months of this year, the country’s natural gas production gained 10.1 percent year on year to 78.8 billion cubic meters. The country’s natural gas imports ticked up 3.7 percent from a year ago to 7.84 million tonnes last month, according to the NBS. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information se...

Abstract : East China's Shandong Province plans to launch two new China-Europe freight train routes within this year. This will raise the total number of its "Qilu" trains departing for Europe and Central Asia from 800 to 1,200 for 2020. JINAN, June 9 (Xinhua) — East China’s Shandong Province plans to launch two new China-Europe freight train routes within this year. This will raise the total number of its “Qilu” trains departing for Europe and Central Asia from 800 to 1,200 for 2020. The province will also increase the frequency and service quality of existing lines, according to Xu Chenggang of the China Railway Jinan Group. Shandong had resumed its China-Europe and China-Asia freight train services by the middle of February despite the COVID-19 epidemic. As of now, more than 500 freight trains have departed from the province, up 40 percent compared with the same period last year, Xu said. The province is now operating 33 international freight train routes, link...

Abstract : The recovery of China's transport industry picked up pace in May, with some key indicators continuing to improve, an official with the Ministry of Transport (MOT) said on Tuesday. BEIJING, June 23 (Xinhua) — The recovery of China’s transport industry picked up pace in May, with some key indicators continuing to improve, an official with the Ministry of Transport (MOT) said on Tuesday. China’s fixed-asset investment in transportation reached 1.02 trillion yuan (about 144.33 billion U.S. dollars) during the first five months, an increase of 0.9 percent over the same period last year, MOT Spokesperson Sun Wenjian told a regular press conference. The country’s cargo throughput at ports increased by 4.4 percent year on year to 1.26 billion tonnes in May. The growth rate was 0.3 percentage points higher than in April. Some 7.38 billion pieces of parcels were delivered by express delivery last month, up 41.1 percent from a year earlier. In terms of passenger transport, 7...

Abstract : The Alataw Pass in northwest China's Xinjiang Uygur Autonomous Region saw a rising number of inbound and outbound China-Europe freight trains in the first five months, the local customs said. URUMQI, June 17 (Xinhua) — The Alataw Pass in northwest China’s Xinjiang Uygur Autonomous Region saw a rising number of inbound and outbound China-Europe freight trains in the first five months, the local customs said. A total of 1,664 China-Europe freight trains passed through the Alataw Pass, a major rail port in Xinjiang, during the period, up 39.5 percent year on year, said the Alataw Pass Customs. The imported and exported cargo of China-Europe freight trains via Alataw increased 8.8 percent year on year to more than 10.55 million tonnes from January to May, it said. The customs has simplified customs clearance procedures to ensure the normal operation of China-Europe trains amid the novel coronavirus epidemic prevention and control period. Enditem About Xinhu...

Abstract : China's crude oil output rose 1.3 percent year on year to 16.46 million tonnes in May, quickening from an increase of 0.9 percent registered in April, official data showed. BEIJING, June 20 (Xinhua) — China’s crude oil output rose 1.3 percent year on year to 16.46 million tonnes in May, quickening from an increase of 0.9 percent registered in April, official data showed. During this period, China processed about 57.9 million tonnes of crude oil, up 8.2 percent year on year, according to the National Bureau of Statistics. In the first five months of this year, China’s crude oil output edged up 1.9 percent year on year to 80.9 million tonnes, and the country processed about 261.39 million tonnes of crude oil, down 1 percent from a year ago. In May, China imported 47.97 million tonnes of crude oil, up 19.2 percent year on year. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic...

Abstract : China unveiled a master plan in June to upgrade Hainan free trade zone into a free trade port. What will China's youngest province look like in the years to come and how will it benefit foreign investors? Xinhua Special: China unveiled a master plan in June to upgrade Hainan free trade zone into a free trade port. What will China’s youngest province look like in the years to come and how will it benefit foreign investors? About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI). Source: Xinhua Special: Hainan – New frontier of China’s opening-up

Abstract : An 847-meter-long, sound-absorbing tunnel on the high-speed railway linking Beijing and the Xiongan New Area in north China's Hebei Province, has been completed. This will help avoid the noise emanating from trains and tracks, engineers with China Railway Group Limited said. SHIJIAZHUANG, June 23 (Xinhua) — An 847-meter-long, sound-absorbing tunnel on the high-speed railway linking Beijing and the Xiongan New Area in north China’s Hebei Province, has been completed. This will help avoid the noise emanating from trains and tracks, engineers with China Railway Group Limited said. With increasing additions of transportation hubs and railway lines across the country, train noise mitigation is of concern to people, and the newly-built tunnel seems one of the best solutions. According to its developers, the tunnel is equivalent to a sound barrier, and can minimize the noise generated by bullet trains traveling at a speed of 350 kph, the fastest commercial train service in t...