China's trade with countries along B&R up 17.8 pct y-o-y in 2017 -- China's trade with the counties along the Belt and Road rose 17.8 percent year on year to about 7.4 trillion yuan, according to the data released by the National Bureau of Statistics (NBS). To be specific, China's exports to those countries stood at about 4.3 trillion yuan in 2017, up 12.1 percent year on year, while its imports from those countries increased 26.8 percent year on year to about 3.1 trillion yuan, said the NBS.
China Gansu province's trade with B&R countries up 21.6pct in Jan -- Northwest China's Gansu province saw its trade with the countries along the Belt and Road standing at 1.15 billion yuan in January, up 21.6 percent year on year, higher than the 11.2 percent growth in its overall foreign trade in the same period, according to the local customs authorities. To be specific, the province's exports to those countries stood at about 320 million yuan in January, up 62.7 percent year on year, while its imports from those countries increased 10.8 percent year on year to 830 million yuan. In January, Gansu achieved a total import and export volume of 3.21 billion yuan, an increase of 11.2 percent year on year.
China soon to have 100 mln business entities -- The number of business entities in China is likely to hit 100 million this month. Currently, China has about 99.6 million business entities, including business enterprises, individually-owned business and rural cooperatives, Zhang Mao, head of the State Administration for Industry & Commerce, told a press conference. The creation of new business entities has expanded from 31,000 a day in 2013 to the current 52,000 a day.
China's crude oil stockpile rises 1.3 pct -- China's commercial crude oil stocks rose 1.3 percent in January from the previous month, while stocks of refined oil went up 5.3 percent. The increase was a result of increased imports and dampened fuel demand in winter. Net import of crude oil exceeded 40 million tonnes in January, hitting a record high. Gasoline demand was moderate, while net exports fell 19.1 percent month on month.
Chinese banks see surging mobile payments in 2017 -- Chinese banks saw a surge in mobile payments last year, official data showed on March 5. Banking institutions handled 203 trillion yuan (32 trillion U.S. dollars) in mobile payments in 2017, up 28.8 percent, according to the People's Bank of China (PBOC). A total of 37.6 billion payments were made through mobile banking services in the period, an increase of 46.1 percent, the PBOC said.
East China fair sees slight growth in export deals -- The 28th East China Fair held in Shanghai saw slight growth in export contracts although it was shortened from five to four days. Nearly 4,000 Chinese companies reached export transactions worth 2.3 billion U.S. dollars in total during the annual fair, which closed on Sunday, according to organizers. The exports of Chinese firms to Asia increased 14.3 percent from the fair last year to reach 1.5 billion dollars, accounting for 65 percent of the total transactions.
Listed firms see sound Q1 profit growth -- Most Chinese listed companies that have released their advance financial reports predicted improving profitability for the first quarter of the year amid stable economic growth. As of Thursday, 93 listed firms had released their first-quarter advance financial reports, with 87, or more than 90 percent of them, expecting rising net profits or to turn losses into gains, according to Wind, a leading information service provider.
24 firms debut on China's "new third board" -- China's National Equities Exchange and Quotation (NEEQ), also known as the "new third board," saw 24 new small and medium-sized enterprises this week. The newcomers brought the total number of companies on the board to 11,620, according to new NEEQ data. From Feb. 26 to March 2, turnover on the board stood at 1.64 billion yuan (about 259 million U.S. dollars), surging 479 percent from the previous week.
China's February CPI forecast at about 2.5 pct -- China's consumer price index (CPI) growth for February, a main gauge of inflation, is expected to pick up to 2.5 percent, according to a report from China International Capital Corporation (CICC). The Beijing-based investment bank said the CPI growth for February is expected to be driven by price rises in food and services as the Spring Festival holiday fell in mid-February this year compared with late-January last year.
China's non-ferrous metal output rises 3 pct in 2017 -- China's output of 10 major non-ferrous metals rose 3 percent to 53.8 million tonnes in 2017, official data showed. The growth was higher than the 2.5-percent increase recorded in 2016, according to the Ministry of Industry and Information Technology (MIIT). The 10 major non-ferrous metals are copper, aluminum, lead, zinc, nickel, stannum, antimony, mercury, magnesium, and titanium.
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