Chinese tourists to Thailand up 70 percent in October -- The number of Chinese mainland tourists to Thailand increased 69.82 percent in October as compared with the same month last year, announced Tourism and Sports Ministry on November 21. Some 2,723,917 foreign tourists travelled to Thailand in October, up 20.92 percent when compared with the same period last year, the ministry's deputy secretary Pongpanu Svetarundra said during a monthly press conference, adding that these tourists brought to Thailand 142 billion baht (4.3 billion U.S. dollars) of income, increasing 24.38 percent.
East China gold mine output hit record high -- Production at two gold mines in east China's Shandong Province has exceeded 100 tonnes each, Shandong Gold Group announced on November 20. Jiaojia Gold Mine became China's first gold mine to hit the 100-tonne output goal in October, 42 years after it opened. Linglong Gold Mine met the production target this month, which took 55 years. The two gold mines are in an important gold-producing area in China, which is among the biggest gold deposit areas in the world.
Chinese banks see net forex purchase rise in October -- Chinese banks recorded the second straight month of net foreign exchange purchase in October as cross-border capital flows stabilized, official data showed on November 16. Chinese lenders bought 128.9 billion U.S. dollars' worth of foreign currency last month and sold 126.1 billion dollars, resulting in a net purchase of 2.8 billion U.S. dollars, the State Administration of Foreign Exchange (SAFE) said in a statement. The surplus widened from 300 million U.S. dollars of net purchase in September, when banks bought more forex than they sold for the first time in more than two years.
China's ODI drops 40.9 pct in Jan-Oct -- China's non-financial outbound direct investment fell 40.9 percent year on year in the January-October period as authorities curbed irrational investment overseas, data showed on November 16. Chinese investors spent a total of 86.3 billion U.S. dollars on 5,410 enterprises from 160 countries and regions during the period, the Ministry of Commerce (MOC) said in a statement.
Mobile payment users exceed 520 million in China: Ant Financial -- The number of China's mobile payment users has exceeded 520 million, according to Ant Financial, Alibaba's financial affiliate. According to the People's Bank of China, Chinese banks dealt with 8.6 billion payments from mobile services in the second quarter of this year, up 40.5 percent from a year ago. The combined value of mobile payments jumped 33.8 percent to 39.2trillion yuan (6 trillion U.S. dollars).
China's remanufacturing industry to hit 200 bln yuan by 2020 -- The gross market value of China's remanufacturing industry is expected to reach 200 billion yuan (30 billion U.S. dollars) by 2020, according to the Ministry of Industry and Information Technology (MIIT). In the coming three years, key fields, including medical imaging facilities, heavy machinery and oil and gas production equipment, will be prioritized in development, said the MIIT in a high-end smart remanufacturing action plan.
Chinese SOEs maintain rapid profit growth -- Chinese state-owned enterprises (SOEs) continued to see rapid profit growth in the first 10 months of the year as the economy held steady, official data showed on November 21. Combined SOE profits rose 24.6 percent year on year to 2.39 trillion yuan (around 360 billion U.S. dollars) for the January-October period, the Ministry of Finance said on its website. The growth slowed slightly from the 24.9-percent increase in the first three quarters but was still markedly higher than the 21.7-percent expansion seen in the first eight months.
Trade surges between Inner Mongolia, Belt and Road countries -- Trade between North China's Inner Mongolia autonomous region and countries and regions involved in the Belt and Road Initiative saw huge increase in the first three quarters, official data showed. According to the Manzhouli Customs, trade volume in Inner Mongolia from January to September totaled 46.39 billion yuan (USD6.98 billion), up 35.2 percent year-on-year, with both imports and exports surging substantially. Mongolia and Russia are the major trade partners, accounting for a combined 77 percent of the region's total trade volume.
Overseas healthcare sector trading volume at USD4.35mln -- Chinese companies' trading volume in the overseas healthcare sector jumped 6 times higher from 2014 to 4.35 billion U.S. dollars in the first half of 2017, according to a report released by accounting firm PricewaterhouseCoopers. The report found that private enterprises have dominated overseas healthcare merger and acquisitions over the past three years, with total transaction value 21 times higher than the number for State-owned enterprises. (Source: chinadaily.com.cn)
Chinese tourists contribute USD164 mln in revenue for Ethiopia in 2016 -- Ethiopia recorded 164 million US dollars in revenue from 43,695 Chinese tourists that visited the country in 2016, an Ethiopian official said on November 20. The 2016 Chinese tourist figures had shown a steady increase from 2015 numbers which stood at 41,659.
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