China's green food companies exceed 10,000 -- China has more than 10,000 accredited green food companies producing more than 26,000 types of products, latest statistics showed. China's green food industry is growing fast, and gradually expanding its market share, said Wang Yunhao, director of China Green Food Development Center (CGFDC) which oversees the country's organic food standards. For a company or product to be accredited as green food, it has to meet standards set by the CGFDC under the Ministry of Agriculture in relation to the reduction in use of agriculture chemicals.
China becomes Tanzania’s biggest trading partner -- China has become Tanzania’s biggest trading partner, largest project contractor and main source of investment with investment by Chinese-funded enterprises in Tanzania exceeding 6.6 billion U.S. dollars, the Economic Daily quoted Lin Zhiyong, Chief Commercial Representative at the Chinese Embassy in Tanzania as saying on August 22.
China slashes state-run companies to 99 -- China's crop of state-owned enterprises (SOEs) will slim to just 99 as the government looks to increase their efficiency and profitability, while bolstering competition on a global stage. Real estate developer China Poly Group Corp. and light industry contractor Sinolight Corporation will merge into China National Arts & Crafts (Group) Corp. (CNACGC). State-owned Assets Supervision and Administration Commission (SASAC), China's asset regulator, confirmed the merger on August 21 in a statement. (Source: CNTV)
China's 'big four' banks to raise billions for Belt and Road deals -- China's major State-owned commercial banks are raising tens of billions of dollars to fund the country's Belt and Road investment push, according to people familiar with the matter. The people said China Construction Bank Corp, the country's second-biggest bank by assets, was raising at least 100 billion yuan (15 billion U.S. dollars) for a fund to specifically finance Belt and Road investment. (Source: China Daily)
Macao's visitors spending up 17.5 pct in Q2 -- China's Macao Special Administrative Region (SAR) saw the total spending of visitors reach 13.75 billion patacas (1.71 billion U.S. dollars) in the second quarter of 2017, up 17.5 percent year-on-year, according to figures released by Macao's Statistics and Census Service (DSEC) on August 18. In the second quarter of 2017, the per-capita spending of visitors was 1,787 patacas, an increase of 11.7 percent year-on-year.
Shanghai customs sees surge in imports from US -- Shanghai customs said Tuesday that it had seen a surge in imports from the United States from January to July this year. Imports from the United States were worth 153 billion yuan (about 22 billion U.S. dollars), up 27.1 percent year on year, according to the customs. Marked growth was seen in imports of automobiles, pharmaceuticals and integrated circuits, the customs said. Imports of U.S. automobiles were worth 16.25 billion yuan (about 2.3 billion U.S. dollars), up 20 percent. Pharmaceutical imports grew by 76.1 percent to reach 8.69 billion yuan (about 12 billion U.S. dollars).
China’s excavator sales set to jump in 2017 -- Chinese excavator manufacturers are expected to see a 50 percent year-on-year jump in sales to 120,000 units by 2017, despite the low stocks available due to the quiet market in the past five years, officials said on August 23. The excavator branch of the China Construction Machinery Association reported that the country's major construction machinery makers sold 82,725 units to both domestic and overseas markets between January and July, up 101.3 percent year-on-year. The figure for the first seven months of this year outperformed the total annual sales of 70,320 units last year. Both domestic and overseas markets have shown growing demand for excavators, with 77,814 units sold at home, up 111.7 percent year-on-year and 4,884 units sold abroad, up 14 percent. (Source: China Daily)
Over 70 percent of Chinese consumers aware of sustainable consumption -- More than 70 percent of Chinese consumers understood sustainable consumption, according to the China Chain Store and Franchise Association. Sustainable consumption means buying products or services that have the least pollutants and do minimum harm to the environment. Sustainable consumption provides for the basic needs of consumers while improving their life, the report said. The report was based on questionnaire results from 9,370 consumers in ten Chinese cities in 2016, as well as online surveys.
China natural gas consumption expected to rise 10 pct in 2017 -- China's natural gas consumption is expected to maintain double-digit growth in 2017 after signs of slowing over the past two years, a report said on August 19. China's apparent consumption of natural gas may rise 10 percent year on year to 230 billion cubic meters this year, according to the report released at a forum on the country's energy transition. In the first half year of 2017, the apparent consumption of natural gas came to 114.6 billion cubic meters, rising 15.2 percent year on year, according to figures released by the National Development and Reform Commission (NDRC), China's top economic planner.
Central China transportation hub sees 200 Sino-European freight trains this year -- Central China's Wuhan city, a transportation hub, has seen more than 200 Sino-European freight trains so far this year, said local authorities on August 19. As of Friday, 100 freight trains between China and Europe have left Wuhan, and the city received 103. A total of 18,000 containers were carried, up 41.5 percent from last year, according to Wuhan Asia-Europe Logistics which runs the trains. The trains mostly go to Germany, France and Russia, and the routes connect more than 60 cities in 28 Asian and European countries. Electronic devices, screens, automobile accessories, optical cable, special steel, household electrical appliances as well as chemical and rubber products are among the commodities exported.
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