China's "new third board" turnover hits 227 billion yuan -- China's National Equities Exchange and Quotations (NEEQ), known as the "new third board," had more than 227 billion yuan (about 35 billion U.S. dollars) in turnover in 2017. The figure is an 18.7 percent increase on 2016, when total transactions on the board reached 191.2 billion yuan. A total of 1,467 new small and medium-sized enterprises debuted on the NEEQ last year, a sharp drop of 70.8 percent from 2016, taking the total number of small and medium-sized enterprises on the NEEQ to 11,630.
Land sales up in Chinese cities in 2017 -- Land sales increased in Chinese cities last year as the government moved to cool the market with higher supply, according to the China Index Academy, a property research organization. Land sales in 300 Chinese cities totaled 950.36 million square meters in 2017, up 8 percent from 2016, while sales of land for residential projects reached 354.33 million square meters, an increase of 24 percent year on year.
China's logistics performance drops in December -- The performance of China's logistics industry declined in December due to seasonal factors, new data showed on January 2. The Logistics Performance Index (LPI) stood at 56.6 percent in December, down from 58.6 percent for November, the China Logistic Information Center said on its website.
China's manufacturing sector to continue expanding in 2018 -- China's manufacturing sector is expected to continue expanding in 2018 despite the slight decline of an index, said investment bank China International Capital Corporation (CICC). China's manufacturing purchasing managers' index (PMI) came in at 51.6 in December, slightly decelerating from 51.8 in November, according to the National Bureau of Statistics (NBS) data released on December 31.
China's non-manufacturing sector expands faster in December -- China's non-manufacturing sector expanded at a faster pace in December, the National Bureau of Statistics (NBS) said on December 31. The non-manufacturing purchasing managers' index (PMI) came in at 55 in December, up from 54.8 in November. The service sector, which accounted for more than half of the country's gross domestic product (GDP), continued steady growth, with the sector's business activity index standing at 53.4 in December, well above the boom-bust line of 50, although declining 0.2 percentage points month on month.
China's current account surplus remains reasonable -- China's current account surplus remained in a reasonable range in the first three quarters of this year, the country's foreign exchange regulator said on December 28. The current account surplus stood at 109.8 billion U.S. dollars in the first three quarters, accounting for 1.3 percent of GDP, according to the State Administration of Foreign Exchange (SAFE). The non-reserve financial account recorded a surplus of 112.1 billion dollars, compared with a deficit of 313.9 billion dollars in the same period of last year, SAFE data showed.
China's high-speed rail tracks to hit 38,000 km by 2025 -- China's high-speed rail tracks will hit 38,000 km by 2025, higher than 25,000 km registered by the end of 2017, the railway operator said. The country's operating high-speed rail tracks accounted for 66.3 percent of the world's total by the end of 2017, said Lu Dongfu, general manager of China Railway Corporation. The operator is aiming to build 4,000 km of new rail lines this year, 3,500 km of which will be high-speed rail tracks.
China's state oil reserves at 37.73 mln tonnes by mid-2017 -- China had 37.73 million tonnes of national crude oil reserves by the end of June 2017, according to a statement by the National Bureau of Statistics (NBS). The volume was up 13.5 percent from the reserves seen by the end of June in the previous year. China is one of the world's largest oil buyers, with over 60 percent of its oil consumption coming from imports. China imported 349 million tonnes of crude oil in the first ten months of 2017, up 11.8 percent year on year.
Beijing parks receive 580,000 tourists on New Year holiday -- Beijing's 11 municipal parks and the Museum of Chinese Garden and Landscape Architecture received a total of 580,000 tourists during the New Year's Day holiday, an increase of 14 percent year on year. During the three-day public holiday, a string of events and activities, such as winter sports and flower exhibitions, were held across Beijing's parks.
China futures market turnover down 4 pct in 2017 -- The turnover of China's futures market dropped slightly in 2017 amid tight financial regulations, industry data showed. The total transaction value of the futures market hit 187.9 trillion yuan (28.87 trillion U.S. dollars) in 2017, down 3.95 percent year on year, data from the China Futures Association showed on January 2. The volume of futures trading plummeted by 25.66 percent during the period.
Mobile payment scale rises in 3rd quarter -- The scale of mobile payment in China exceeded 29 trillion yuan (4.5 trillion U.S. dollars) in the third quarter of 2017, a report indicated.
According to the report released by internet research agency Analysys, the amount is a quarter-on-quarter increase of 28.02 percent. Sectors such as e-commerce, food delivery services and travel saw steady growth, and mobile payment is becoming increasingly popular in smaller cities. In addition, mobile payment in public transportation also contributed to the high-speed growth, according to the agency.
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