Global-China Information Service

Abstract : The purchasing managers' index (PMI) for China's manufacturing sector came in at 51.9 in December, edging down 0.2 percentage points from November, the National Bureau of Statistics (NBS) said Thursday. BEIJING, Dec. 31 (Xinhua) — The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 51.9 in December, edging down 0.2 percentage points from November, the National Bureau of Statistics (NBS) said Thursday. A reading above 50 indicates expansion, while a reading below reflects contraction. The December PMI remained in the expansion zone for the tenth consecutive month, indicating that the country’s manufacturing sector continued its steady recovery, said NBS senior statistician Zhao Qinghe, adding that the reading stood at a high level within the year. The sub-index for production stood at 54.2 in December, down 0.5 percentage points from November, while that for new orders dropped 0.3 percentage points to 53.6. Despite the slight decline...

Abstract : U.S.-listed Chinese companies roughly traded higher on Wednesday with all the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note. NEW YORK, Dec. 30 (Xinhua) — U.S.-listed Chinese companies roughly traded higher on Wednesday with all the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note. Shares of Baidu and New Oriental Education & Technology Group soared 12.59 percent and 7.86 percent, respectively, leading the gains in the top 10 stocks in the index. Shares of Pinduoduo and NIO advanced 7.77 percent and 4.85 percent, respectively, also among the best performers. U.S. stocks ended higher on Wednesday, underpinned by solid gains in energy sector. The Dow Jones Industrial Average increased 73.89 points, or 0.24 percent, to 30,409.56. The S&P 500 was up 5.00 points, or 0.13 percent, to 3,732.04. The Nasdaq Composite Index rose 19.78 points, or 0.15 percent, to 1...

Abstract : China and the European Union (EU) announced on Wednesday that they have completed the negotiations over a bilateral investment agreement as scheduled, marking a solid step towards forging a closer and more productive economic partnership between the two sides. BEIJING, Dec. 30 (Xinhua) — China and the European Union (EU) announced on Wednesday that they have completed the negotiations over a bilateral investment agreement as scheduled, marking a solid step towards forging a closer and more productive economic partnership between the two sides. The conclusion of the talks has laid a firm foundation for both sides to finally sign the agreement, sends a message of inspiration and hope to a world still grappling with the raging COVID-19 pandemic and a dark economic recession, and stands as a major boost for multilateralism. The fact that Beijing and Brussels can eventually meet each other half way after many years of negotiations has demonstrated a willingness b...

Abstract : The purchasing managers' index (PMI) for China's manufacturing sector came in at 51.9 in December, edging down 0.2 percentage points from November, the National Bureau of Statistics (NBS) said Thursday. BEIJING, Dec. 31 (Xinhua) — The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 51.9 in December, edging down 0.2 percentage points from November, the National Bureau of Statistics (NBS) said Thursday. A reading above 50 indicates expansion, while a reading below reflects contraction. The PMI remained in expansion zone for the 10th consecutive month, indicating that the country’s manufacturing sector continued its steady recovery, data from the NBS showed. The sub-index for production stood at 54.2 in December, down 0.5 percentage points from November, while that for new orders dropped 0.3 percentage points to 53.6. The new export order and import sub-indexes edged down from 51.5 and 50.9 in November to 51.3 and 50.4, respecti...

Abstract : Chinese President Xi Jinping and European leaders on Wednesday announced that the two sides have completed investment agreement negotiations as scheduled. Chinese President Xi Jinping meets with German Chancellor Angela Merkel, French President Emmanuel Macron, President of the European Council Charles Michel and President of the European Commission Ursula von der Leyen via video link in Beijing, capital of China, Dec. 30, 2020. During the meeting, Xi and the European leaders announced that the two sides have completed investment agreement negotiations as scheduled. (Xinhua/Li Xueren) BEIJING, Dec. 30 (Xinhua) — Chinese President Xi Jinping and European leaders on Wednesday announced that the two sides have completed investment agreement negotiations as scheduled. The announcement was made during a meeting between Xi and German Chancellor Angela Merkel, French President Emmanuel Macron, President of the European Council Charles Michel and President of the ...

Abstract : Janet Mi took part in a small but significant ceremony at Shanghai Pudong International Airport recently, welcoming the arrival of a freighter aircraft with the words "100% CO2 neutral" painted on the side. by Xinhua writer Hu Tao SHANGHAI, Dec. 30 (Xinhua) — Janet Mi took part in a small but significant ceremony at Shanghai Pudong International Airport recently, welcoming the arrival of a freighter aircraft with the words “100% CO2 neutral” painted on the side. For the Chief Lufthansa Cargo Representative of China, this event was a bright spot in a challenging year and a sign that better things were to come. The aircraft, a Boeing B777 freighter, had just completed the world’s first carbon-neutral freight flight from Frankfurt to Shanghai. “Lufthansa shares with China the idea of sustainable development. We are confident in this dynamic market and will work together with China to explore a win-win future,” Janet Mi told Xinhua in an exclusive interview. GRE...

Abstract : China and Pakistan are resolute in pushing forward the construction of the China-Pakistan Economic Corridor (CPEC) and the prospects of the CPEC are bright, a Foreign Ministry spokesperson said on Monday. BEIJING, Dec. 28 (Xinhua) — China and Pakistan are resolute in pushing forward the construction of the China-Pakistan Economic Corridor (CPEC) and the prospects of the CPEC are bright, a Foreign Ministry spokesperson said on Monday. Spokesperson Zhao Lijian made the remarks at a press briefing when asked to comment on a report that China will gradually end its financial support of Pakistan pledged under the CPEC. “Such reports are groundless,” said Zhao, adding that as an important pilot project of the Belt and Road Initiative ( BRI ), the CPEC has maintained positive development momentum since 2013. Zhao said that since the outbreak of COVID-19 , CPEC projects have insisted on not evacuating people, not laying off workers, and not stopping construction. A number ...

Abstract : Three new offshore duty-free shops opened on Wednesday in south China's island province of Hainan to promote tax-free consumption, according to the provincial department of commerce. Consumers shop at a newly opened duty-free shop in Sanya, south China’s Hainan Province, Dec. 30, 2020. Three new offshore duty-free shops opened on Wednesday in south China’s island province of Hainan to promote tax-free consumption, according to the provincial department of commerce. (Xinhua/Zhao Yingquan) SANYA, Dec. 30 (Xinhua) — Three new offshore duty-free shops opened on Wednesday in south China’s island province of Hainan to promote tax-free consumption, according to the provincial department of commerce. The three newly opened shops are all located in the tropical resort city of Sanya, one in Sanya Phoenix International Airport and the other two in downtown Sanya. The larger of the two downtown locations has a shopping area of 95,000 square meters, offering nearly 350 internat...

Abstract : Chinese civil affairs authorities will strengthen vocational and legal education for nursing staff to eliminate maltreatment in elderly care institutions in the country, a senior official said on Tuesday. The 109-year-old Sonam Drolma (R) interacts with her sister in Reguo Village of Gyaca County in Shannan, southwest China’s Tibet Autonomous Region, March 24, 2020. (Xinhua/Zhan Yan) China rolled out its first set of mandatory national standards on senior care in January to provide bottom-line requirements for service quality within the sector. It will come into effect in January 2022. BEIJING, Dec. 29 (Xinhua) — Chinese civil affairs authorities will strengthen vocational and legal education for nursing staff to eliminate maltreatment in elderly care institutions in the country, a senior official said on Tuesday. Gao Xiaobing, vice minister of civil affairs, made the remarks at a policy briefing on guidelines for establishing and improving a comprehensiv...

Abstract : China has made historic achievements in eradicating absolute poverty. Next, the country will push forward rural vitalization in an all-round way, as a historic shift of focus in the work related to agriculture, rural areas, and farmers. BEIJING, Dec. 29 (Xinhua) — China has made historic achievements in eradicating absolute poverty, a problem that has plagued the Chinese nation for thousands of years. Next, the country will push forward rural vitalization in an all-round way, as a historic shift of focus in the work related to agriculture, rural areas, and farmers. Efforts must be made to promote the efficiency and quality of the agricultural sector, make rural areas suitable to live and work in and make sure that farmers are affluent, according to China’s two-day annual central rural work conference, which closed on Tuesday. Without the modernization of agriculture and rural areas, China can never claim to have achieved modernization as a whole. To build a modern social...

Abstract : The Standing Committee of the National People's Congress, China's top legislature, on Saturday voted to adopt the Amendment XI to the Criminal Law. BEIJING, Dec. 26 (Xinhua) — The Standing Committee of the National People’s Congress, China’s top legislature, on Saturday voted to adopt the Amendment XI to the Criminal Law. The amendment stipulates heavier criminal penalties for IPR infringements, raising the maximum prison term for trademark and copyright infringements from seven years to 10 years. The amendment also lowers the minimum age of criminal responsibility to 12 for severe crimes such as murder. If a person who has reached the age of 12 but not the age of 14 commits intentional homicide, intentionally hurts another person so as to cause death of the person, or by resorting to especially cruel means, causes severe injury to the person, reducing the person to utter disability, shall bear criminal responsibility if the Supreme People’s Procuratorate deci...

Abstract : Weichai Power Co., Ltd., a leading Chinese powertrain manufacturer, sold more than 1 million engines this year, up by 33 percent year on year, it said on Monday. JINAN, Dec. 29 (Xinhua) — Weichai Power Co., Ltd., a leading Chinese powertrain manufacturer, sold more than 1 million engines this year, up by 33 percent year on year, it said on Monday. The group posted a 15 percent growth in total revenues and profits respectively this year, despite significant revenue and profit drops of its overseas companies due to the COVID-19 pandemic. Thereinto, they sold over 500,000 heavy vehicle engines, accounting for half of the total sales. Weichai also launched a truck diesel engine this year whose thermal efficiency can increase to over 50 percent for heavy commercial vehicles. Weichai Power manufactures vehicle engines, heavy vehicles, construction machinery, and other products. In 2019, it sold 742,000 engines and over 1 million gearboxes. Enditem About Xinhua Silk Road ...

Abstract : China on Tuesday set up a national fund to facilitate the mixed-ownership reform of its state-owned enterprises (SOEs), according to the country's top state assets regulator. BEIJING, Dec. 29 (Xinhua) — China on Tuesday set up a national fund to facilitate the mixed-ownership reform of its state-owned enterprises (SOEs), according to the country’s top state assets regulator. With a total of 200 billion yuan (about 30.56 billion U.S. dollars), the fund aims to raise 70.7 billion yuan in the first phase, according to the State-owned Assets Supervision and Administration Commission (SASAC). The fund was jointly established by the China Chengtong Holdings Group Ltd, a centrally administrated SOE pilot for state-owned capital operations, and other shareholders, expanding channels for social capital to join the mixed-ownership reform of SOE, the SASAC said. Including making equity investments, the fund will focus on national strategic areas, competitive areas, scientific ...

Abstract : China will implement a prudent monetary policy that is flexible, precise, reasonable and moderate, and keep it consistent, stable and sustainable, the central bank said. BEIJING, Dec. 29 (Xinhua) — China will implement a prudent monetary policy that is flexible, precise, reasonable and moderate, and keep it consistent, stable and sustainable, the central bank said. In a statement released after a quarterly meeting of its monetary policy committee held Friday, the People’s Bank of China (PBOC), the central bank, said that it will pay attention to the ideal timing, extent and impact of policies and maintain the necessary support for economic recovery. The PBOC will use a variety of monetary tools to ensure liquidity at a reasonable and ample level and keep the growth of money supply and social financing basically in line with nominal economic growth and maintain a basically stable macro leverage ratio, according to the statement. It also vowed further monetary support...

Abstract : The Aviation Industry Corporation of China (AVIC), the country's major aircraft manufacturer, unveiled a multi-purpose, civilian-use helicopter on Tuesday. Photo shows a model of the new AC332 civil helicopter displayed at the launch site, Dec. 29, 2020. (Xinhua/Li Ran) TIANJIN, Dec. 29 (Xinhua) — The Aviation Industry Corporation of China (AVIC), the country’s major aircraft manufacturer, unveiled a multi-purpose, civilian-use helicopter on Tuesday. AC332 is an advanced dual-engine helicopter with a single rotor, skid landing gear and shell-shaped rear door, said Li Shengwei, chief designer of the model. The helicopter, with a capacity of 10 passengers, can be used in various scenarios including emergency rescue, law enforcement, as well for high-altitude and offshore operations. The design of AC332 has been completed and an integrated production line for riveting, assembly and flight test will be built in Tianjin, said Wang Qing, general manager of A...

Abstract : With the eventful 2020 coming to an end, China and Russia are working together to reinforce their hard-won cooperation fruits over the year, and eyeing new development of bilateral ties and closer coordination in the upcoming new year. BEIJING, Dec. 29 (Xinhua) — With the eventful 2020 coming to an end, China and Russia are working together to reinforce their hard-won cooperation fruits over the year, and eyeing new development of bilateral ties and closer coordination in the upcoming new year. EXTRAORDINARY 2020 The world has witnessed unprecedented challenges posed by the COVID-19 pandemic in 2020, and is entering a period of turbulence and transformation in which the global political and economic situation and international order are facing a strong impact. Against this backdrop, China and Russia have attached more importance to strengthening cooperation, and achieved fruitful results in supporting each other, safeguarding international fairness and justic...

Abstract : A recruitment network for foreign job seekers has been launched in Nanjing, the capital of east China's Jiangsu Province. NANJING, Dec. 29 (Xinhua) — A recruitment network for foreign job seekers has been launched in Nanjing, the capital of east China’s Jiangsu Province. High-tech enterprises and higher learning institutions recently provided over 200 job opportunities here, covering the fields of biomedicine, electronic information, and new materials. Jiangsu highly values international scientific and technological cooperation and foreign talents exchanges. The province has established cooperation mechanisms with eight countries and regions and 21 foreign expert organizations, said Guo Liping, deputy head of the province’s science and technology department. The foreign talents recruitment network will connect the supply and demand of Jiangsu’s overseas labor market. It will also help the province attract more foreign talents, according to experts. “Jiang...

Abstract : Leading Chinese retail company Suning Holdings Group and its subsidiary Suning International have inked a deal with Hainan Tourism Investment Development Co. Ltd. for cooperation in China's duty-free retail business, Suning said. NANJING, Dec. 29 (Xinhua) — Leading Chinese retail company Suning Holdings Group and its subsidiary Suning International have inked a deal with Hainan Tourism Investment Development Co. Ltd. for cooperation in China’s duty-free retail business, Suning said. Both sides will leverage their advantages to focus on logistics, commercial real estate, tourism retail and other fields to integrate various industrial chains and help in the construction of Hainan Free Trade Port in south China’s Hainan Province, Suning added. “Riding the strong growth momentum of Hainan Free Trade Zone, this strategic partnership has granted us a great opportunity to bring more prosperity to the area by leveraging the global supply chain of Suning,” said Steven Zhan...

Abstract : China will resolutely cut the output of crude steel and ensure it falls year on year in 2021, a senior official said on Tuesday. BEIJING, Dec. 29 (Xinhua) — China will resolutely cut the output of crude steel and ensure it falls year on year in 2021, a senior official said on Tuesday. Efforts will be made to promote low-carbon industrial development and green manufacturing next year, said Minister of Industry and Information Technology Xiao Yaqing at a work conference. China previously announced that it will strive to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060. In recent years, China has taken solid steps to cut overcapacity, particularly in the energy-consuming steel sector. During the 13th Five-Year Plan period (2016-2020), China met its target of reducing steel output by 150 million tonnes ahead of schedule. Energy consumption per unit of industrial output by China’s designated large enterprises also saw a remarkable drop, accordin...

Abstract : The year 2020 was a mixed blessing for China's sports industry. Ice hockey lovers take part in training at a rink in Zhangjiakou economic development zone in Zhangjiakou, north China’s Hebei Province, Dec. 12, 2020. In recent years, Zhangjiakou has acted to promote ice and snow sports, upgrade its ice and snow sports facilities and strengthen related industries, in a bid to attract more and more people to join various sports. (Photo by Wu Diansen/Xinhua) In a year that saw global sports events postponed or canceled, the sports industry in China faced severe challenges, but also opportunities as people’s awareness of fitness grew. BEIJING, Dec. 29 (Xinhua) — The year 2020 was a mixed blessing for China’s sports industry. Before the COVID-19 pandemic, the sports industry was on a fast track of steady growth. According to statistics from the China General Administration of Sport, the total size of the sports industry grew at an average annual rate of 15....

Abstract : China and France should work on three priorities for further development in bilateral relations in the new year, Chinese Ambassador to France Lu Shaye said on Monday. PARIS, Dec. 29 (Xinhua) — China and France should work on three priorities for further development in bilateral relations in the new year, Chinese Ambassador to France Lu Shaye said on Monday. In an end-of-year message published on the embassy website, Lu said the two countries have deepened their comprehensive strategic partnership and played an exemplary role in China-West ties in the extraordinary year of 2020. China and France have maintained close cooperation and moved forward hand in hand in the past year, which is reflected in four key areas, the ambassador said. First, a higher level of mutual political trust. During the past year, the two heads of state have had many telephone conversations, during which they had in-depth exchanges and reached important consensus on the international s...

Abstract : China's steel consumption is expected to reach 991 million tonnes in 2021, up 1 percent year on year, according to a report from the China Metallurgical Industry Planning and Research Institute. BEIJING, Dec. 26 (Xinhua) — China’s steel consumption is expected to reach 991 million tonnes in 2021, up 1 percent year on year, according to a report from the China Metallurgical Industry Planning and Research Institute. The slight increase in consumption will be buoyed by faster economic recovery, the report said. Demand from the construction and machinery industries will continue to boom next year, with consumption in the two sectors rising to 580 million tonnes and 160 million tonnes, respectively. As the global economy recovers from the COVID-19 fallout, the report forecast that international demand for steel will rise to 1.83 billion tonnes in 2021, up 4.9 percent year on year. During the first 11 months of the year, China’s crude steel output increased 5.5 percent ...

Abstract : The year 2020 witnessed a series of remarkable moves in China's history, including a 10-year fishing ban along the Yangtze River, a total ban on importing solid waste, and the conclusion of a three-year action plan on fighting against air pollution. Photo taken on May 14, 2020 shows blue sheep near the Mount Qomolangma base camp in southwest China’s Tibet Autonomous Region. (Xinhua/Purbu Zhaxi) BEIJING, Dec. 29 (Xinhua) — The year 2020 witnessed a series of remarkable moves in China’s history, including a 10-year fishing ban along the Yangtze River, a total ban on importing solid waste, and the conclusion of a three-year action plan on fighting against air pollution. China has put ecological protection at the heart of its policy considerations and made notable achievements in pursuing green growth this year, even in the face of the great pressure of navigating the COVID-19 slump. These efforts indicate an evolving landscape of environmental conservation and re...

Abstract : China's civil aviation regulator announced Sunday that regular passenger flights between China and the United Kingdom will be suspended from Dec. 28, 2020 to Jan. 10, 2021, to cope with the possible impact of the variant of the coronavirus that has recently appeared in the UK. BEIJING, Dec. 27 (Xinhua) — China’s civil aviation regulator announced Sunday that regular passenger flights between China and the United Kingdom will be suspended from Dec. 28, 2020 to Jan. 10, 2021, to cope with the possible impact of the variant of the coronavirus that has recently appeared in the UK. The decision was made based on the requirements of the State Council’s joint prevention and control mechanism against COVID-19 , as well as relevant laws and regulations, according to the Civil Aviation Administration of China (CAAC). The CAAC also required domestic and foreign airlines to provide good services regarding ticket refund or flight changes for affected passengers. Enditem Abo...

Abstract : The Zhoushan port in the eastern province of Zhejiang on Monday saw its annual sea-rail transport container throughput exceed 1 million twenty-foot equivalent units (TEUs), a record high. HANGZHOU, Dec. 28 (Xinhua) — The Zhoushan port in the eastern province of Zhejiang on Monday saw its annual sea-rail transport container throughput exceed 1 million twenty-foot equivalent units (TEUs), a record high. The port’s sea-rail transport service has increased 25 percent from the same period last year. Despite the COVID-19 pandemic, the port in the city of Ningbo saw year-on-year service increases of over 15 percent and over 30 percent in the first and second halves of this year, respectively, contributing to enterprises’ work resumption, as well as the recovery of logistics and industrial chains. Since 2009, the port has been stepping up efforts to improve its sea-rail transport service. It now has 19 railway routes linking cities in 15 provincial-level regions across China. ...

Abstract : The Census and Statistics Department of the Hong Kong Special Administrative Region government said on Monday the values of Hong Kong's exports and imports of goods both recorded year-on-year increases in November, at 5.6 percent and 5.1 percent respectively. HONG KONG, Dec. 28 (Xinhua) — The Census and Statistics Department of the Hong Kong Special Administrative Region government said on Monday the values of Hong Kong’s exports and imports of goods both recorded year-on-year increases in November, at 5.6 percent and 5.1 percent respectively. A government spokesman said that the value of merchandise exports resumed growth on a year-on-year basis in November, mainly reflecting an improved external trading environment. This was particularly evidenced by the strong performance in exports to the mainland. Exports to the United States reverted to a modest increase, and those to the European Union picked up further. Exports to many major Asian markets also showed improv...

Abstract : Beibu Gulf Port in south China's Guangxi Zhuang Autonomous Region saw its annual container throughput surpass 5 million twenty-foot equivalent units (TEUs) for the first time on Monday. Photo taken on Dec. 28, 2020 shows a view of the Qinzhou Port in south China’s Guangxi Zhuang Autonomous Region. The five millionth twenty-foot equivalent unit (TEU) containers in 2020 was handled at the Qinzhou Port area of the Beibu Gulf Port on Monday, marking the Beibu Gulf Port’s container throughput reaching 5 million TEUs this year. The Beibu Gulf Port currently has 268 berths for commercial vessels. A total of 52 shipping routes link the gulf with many ports both at home and abroad, including major ASEAN ports, according to the Beibu Gulf Port Group. (Xinhua/Zhang Ailin) NANNING, Dec. 28 (Xinhua) — Beibu Gulf Port in south China’s Guangxi Zhuang Autonomous Region saw its annual container throughput surpass 5 million twenty-foot equivalent units (TEUs) for the first time on Mo...