Taiwan companies report record profit in mainland -- A total of 1,192 Taiwanese listed and over-the-counter (OCT) companies in the Chinese mainland reported a record profit of 215.6 billion new Taiwan dollars (about 7.2 billion U.S. dollars) in the first three quarters this year, according to the island's finance authority.The number of such companies invested in the mainland accounted for 75.44 percent of the total in Taiwan, and their profits increased 42 billion dollars compared with the same period last year, a statement said on December 12.
China's Ningbo-Zhoushan port sees record container throughput -- Annual container throughput has hit a record-high of 25 million standard containers at Ningbo-Zhoushan Port in east China's Zhejiang Province, the port's operator said on December 11. As of November, the port's annual cargo throughput had exceeded 1 billion tonnes, up 7.4 percent year on year, according to Zhejiang Seaport Group, the operator.
China Innovation Index rises faster in 2017 -- The China Innovation Index increased 6.8 percent to 196.3 points last year, an accelerated growth rate compared with 5.7 percent in 2016, according to data from the National Bureau of Statistics (NBS).The index comprises four sub-indices, which measure innovation environment, input, output and effects.The sub-index for the innovation environment jumped 10.4 percent, while for innovation input, output and effects, it rose 6.2 percent, 5.9 percent, and 4.8 percent, respectively.
China's mobile phone shipments decline in November -- China's mobile phone shipments fell 18.2 percent year on year to 35.37 million units in November, according to a report released on December 10. Total shipments during the January-November period reached 379 million units, down 15.6 percent from the same period last year, the China Academy of Information and Communications Technology (CAICT), a scientific research institute under the Ministry of Industry and Information Technology, said in its report.
Private equity funds expand in China -- China's private equity funds were worth 12.79 trillion yuan (about 1.85 trillion U.S. dollars) at the end of November, data released by the industry association showed.The figure was up 0.16 percent from the statistic recorded a month earlier. The number of private equity funds went up 241 to 75,220 at the end of last month, according to the Asset Management Association of China (AMAC).The number of private equity fund managers registered at the association increased 151 to reach 24,418 by late November, while the number of private equity fund professionals stood at 245,500, a drop of 494 from a month earlier.
China's new yuan loans increase in November -- China's new yuan-denominated loans stood at 1.25 trillion yuan (about 181 billion U.S. dollars) in November, up from 697 billion yuan in October, central bank data showed on December 11. The November figure was 126.7 billion yuan more than that recorded in the same period last year, the People's Bank of China (PBOC) said in a statement on its website.
China's auto sales continue to fall in November -- Auto sales in China continued to decline last month, industry data showed on December 11. A total of 2.55 million vehicles were sold in November, down 13.9 percent year on year, according to the China Association of Automobile Manufacturers (CAAM).In the first 11 months of the year, sales dropped 1.7 percent year on year to 25.42 million while output fell 2.6 percent to 25.33 million, the CAAM data showed.
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