China invests heavily to upgrade rural power grid in Xinjiang -- China's National Development and Reform Commission has allocated 2.65 billion yuan (420 million U.S. dollars) to upgrade the power grid in rural Xinjiang Uygur Autonomous Region this year. According to the regional government Monday, substations and transmission lines will be built or renovated to support rural development and electric heating.
Chinese banks see net forex sales in January -- Chinese banks saw net foreign exchange sales of 900 million U.S. dollars in January, following a settlement surplus in December, China's forex regulator said on February 26. Chinese lenders bought 155.5 billion U.S. dollars of foreign currency last month and sold 156.4 billion U.S. dollars, resulting in net sales of 900 million U.S. dollars, the State Administration of Foreign Exchange (SAFE) said in a statement.
China’s firms in Chengdu invest over USD10 bln projects along B&R in 2017 -- Enterprises in Chengdu, capital city of southwest China's Sichuan Province, saw 166 projects under construction and preparing to construct along the Belt and Road routes, worth more than 10 billion U.S. dollars last year, according to the local authorities at a recent meeting. Last year, Chengdu saw its total volume of imports and exports amount to 394.18 billion yuan, up 45.4 percent year on year.
Macao consumer price index up by 1.74 pct in January -- Macao's composite consumer price index (CPI) rose by 1.74 percent in January 2018 year-on-year to 111.14, a slowdown from the 2.04 percent increase in December 2017, the special administrative region's statistic service said on February 26. The latest report from the Statistics and Census Service (DSEC) said the increment in January was attributable to higher charges for eating out, dearer prices of women's winter clothing and footwear, as well as rising parking meter rates and rentals for dwellings.
Shanghai's per capita disposable income nears 59,000 yuan, highest in China -- China's financial hub Shanghai outperformed other provincial regions in per capita disposable income last year, official data showed. Average per capita disposable income in Shanghai reached about 59,000 yuan (9,316 U.S. dollars) last year, the highest among China's 31 provincial level regions, followed by Beijing and Zhejiang, according to the National Bureau of Statistics. China's average per capita disposable income stood at 25,974 yuan last year, which rose 7.3 percent year on year, faster than GDP growth, NBS data showed.
China's Shenzhen invests USD410 mln in B&R countries last year -- South China’s Shenzhen city’s agreed investments in the countries along the Belt and Road routes amounted to 410 million U.S. dollars last year, with its trade with these countries standing at 575.6 billion yuan, up 19.3 percent year on year, according to the local authorities.
China bank card transactions surge in Spring Festival spending spree -- China UnionPay, the country's sole bank card network operator, said Thursday that transactions surged to a record high during the week-long Spring Festival holiday as card holders went on a spending spree. The total value of transactions at home and abroad through China UnionPay network soared 47 percent from last year's holiday to 679 billion yuan (about 107 billion U.S. dollars), according to a China UnionPay statement.
China's box office hits record high during Spring Festival holiday -- China's box office sales totaled more than 5.72 billion yuan (901 million U.S. dollars) during the week-long Spring Festival holiday, breaking the previous sales record for the period. The figure represented a growth of 66.94 percent over the same period last year, according to the State Administration of Press, Publication, Radio, Film and Television of China.
Maritime Silk Road Trade Index shows rapid growth of China's imports in Jan -- The Maritime Silk Road Trade Index (STI) released by Ningbo Shipping Exchange shows a rapid growth of China's imports in January. Under the STI, the Import and Export Trade Index closed at 144.50 points, down 2.98 percent from the previous month and up 22.05 percent from the same period of last year. To be specific, the Export Trade Index closed at 145.93 points, down 8.17 percent month on month and up 10.60 percent year on year. The Import Trade Index closed at 142.82 points, up 4.11 percent month on month and also up 39.41 percent year on year.
China's sharing economy sees surging market transactions in 2017 -- China's sharing economy market reported surging transactions last year as more sectors started to offer shared services. The sharing economy market transaction volume reached over 4.92 trillion yuan (778 billion U.S. dollars) last year, up 47.2 percent year on year, according to a report by the State Information Center and an industrial association. About 70 million people were employed in 2017 to offer shared services, an increase of one million people compared with the previous year.
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