China'sshale gas output jumps in 2016 -- China producedmore shale gas last year, as the world's biggest energy producer and consumercleans up its coal-dominated energy mix. Its shale gas yield increased 76.3percent to 7.9 billion cubic meters in 2016, a record high, the Ministry ofLand and Resources (MLF) said on July10 in a statement.
Chinesetourists in Cambodia surge35.6 pct in 1st 5 months --Cambodiaattracted 441,070 Chinese holidaymakers in the first five months of 2017, up35.6 percent over the same period last year, according to a Tourism Ministryreport on July 10.Chinaranked the biggest source of foreign tourists toCambodia, the report said, addingthat Chinese visitors accounted for 19.3 percent of the 2.28 million foreignersvisiting the Southeast Asian country during the January-May period this year.
China'sonline catering to continue fast growth in 2017 --China's online catering sector is continuing to expand quickly as more than 300million meals are expected to be ordered online this year, according a recentindustry forecast. The country's take-out business will account for more than10 percent of the catering industry's total retail revenue by 2020, said JiangJunxian, head of the China Cuisine Association. The market size ofChina'stake-out business exceeded 160 billion yuan (about 23.49 billion U.S. dollars)in 2016, up 33 percent year on year, Jiang said.
China'soverseas acquisitions rebound strongly in recent months -- A new report by Rhodium Group found that the number of Chinesecompanies' overseas mergers and acquisitions (M&A) rebounded strongly inMay, although the number for the first six months of 2017 fell by 20 percentcompared to the same period in 2016. "In each of May and June, Chinesecompanies publically announced more than 20 new overseas M&A transactionswith a value of 5 million U.S. dollars or more, around levels seen near the2016 peak," said the report.
China's digital publications earn 572 billion yuan in 2016 -- The revenue ofChina'sdigital publication industry reached 572 billion yuan (84 billion U.S dollars)in 2016, according to a report by a research institute on July 11. The numberwas 29.9 percent up from 2015, mainly pushed by revenue from onlineadvertisements, which raked in over 290 billion yuan last year, accounting for50.7 percent of the total revenue. Other sources of the revenue include mobilepublications and online games, as they earned more than 139 billion and 82billion yuan respectively last year, the report said.
China's auto sales back to growth in June --China's autosales grew again in June after two months of decline, data from the ChinaAssociation of Automobile Manufacturers (CAAM) showed on July 11. Some 2.2million vehicles were sold last month, up 4.5 percent year on year, comparedwith a 0.1 percent decline in May and a 2.2 percent drop in April. Meanwhile,2.2 million vehicles were produced in June, up 5.4 percent from the same periodlast year, according to the CAAM. Sales of passenger cars climbed 2.3 percentto 1.8 million vehicles last month, 2.2 percentage points slower than theoverall growth.
China's central SOEs post strong profitgrowth -- China's centrally administeredstate-owned enterprises (SOEs) reported combined profits of 722 billion yuan(106 billion U.S. dollars) in the first half of the year, up 15.8 percent yearon year, official data showed on July 11. In June alone, these SOEs' combinedprofits hit a record high of 160 billion yuan, according to the State-ownedAssets Supervision and Administration Commission (SASAC). The 102 SOEs held atotal of 12.5 trillion yuan in revenues for the first half of the year, anincrease of 16.8 percent from one year earlier.
China's ODI plunges in H1 --China'snon-financial outbound direct investment (ODI) dropped 45.8 percent year onyear to 48.19 billion U.S. dollars in the H1, official data showed on July 13.Chinese companies made the outbound investment in more than 3,900 overseasenterprises of 145 countries and regions from January to June, according to aMinistry of Commerce statement.
China's foreign trade gains steam in H1 --China's foreigntrade expanded at the fastest pace since the second half of 2011, buffering theeconomy from a slowdown amid headwinds at home and abroad. Exports inyuan-denominated terms rose 15 percent year on year in the first half of thisyear while imports increased 25.7 percent, customs data showed on July 13. Thatled to a trade surplus of 1.28 trillion yuan (188 billion U.S. dollars) in thesame period, down 17.7 percent year on year, according to the GeneralAdministration of Customs.
FDI into Chinese mainland edges up inJune -- Foreign direct investment (FDI) into theChinese mainland rose 2.3 percent year on year in June to 100.45 billion yuan(14.82 billion U.S. dollars), official data showed on July 13. Last month,2,894 new foreign-funded companies were established, up 14.3 percent from ayear ago, according to a statement from the Ministry of Commerce. In the firsthalf, FDI inflow stood at 441.54 billion yuan, slightly down by 0.1 percentyear on year, while the number of new foreign-funded companies rose 12.3percent to15,053 in thesame period.
A single purchase
