China's industrial profits up 15 pct in January-April -- Profits of China's major industrial firms saw steady growth of 15 percent for the January-April period, data showed on May 27. The growth was bigger than the 11.6-percent increase registered for the first quarter, according to the National Bureau of Statistics (NBS). In the first four months, combined profits at industrial companies each with annual revenue of more than 20 million yuan (about 3.2 million U.S. dollars) amounted to 2.13 trillion yuan, the NBS said. In April alone, combined profits totaled 576 billion yuan, up 21.9 percent from one year earlier, and 18.8 percentage points higher than March.
China's lottery sales up 9 pct in April -- China's lottery sales rose 9 percent year on year to 41.7 billion yuan (about 6.48 billion U.S. dollars) in April, official data showed on May 30. Total sales in the first four months of this year stood at 145.8 billion yuan, up 9.3 percent year on year, according to the Ministry of Finance. In April, sales of welfare lottery tickets went up 5.3 percent to 19.7 billion yuan, while sports lottery sales rose 12.7 percent to about 22 billion yuan.
China's chain convenience stores grow steadily in 2017 -- China's chain convenience stores grew steadily in number and sales last year, a report showed. The number of chain convenience stores reached about 106,000 last year, up 13 percent year on year, according to a report released by the China Chain Store and Franchise Association (CCSFA) and Boston Consulting Group. Total sales exceeded 190 billion yuan (29.75 billion U.S. dollars) in 2017, up 23 percent year on year, the report showed.
Land sales rise in major Chinese cities -- Land sales gained significantly in major Chinese cities as the country increased land supply to stabilize home prices. Land sales in 50 big cities monitored by real estate agent Centaline Group jumped 48.6 percent year on year to 1.32 trillion yuan (more than 205 billion U.S. dollars) by the end of the third week this month. Hangzhou, in east China's Zhejiang Province, saw the biggest increase of 270 percent. A total of 46 first- and second-tier cities had their land sales exceed 10 billion yuan, including Wuhan, Fuzhou, Guangzhou and Zhengzhou, the Centaline report showed.
S. China’s Guangxi sees foreign trade with B&R countries in Jan-Apr up 21.4pct -- South China’s Guangxi Zhuang Autonomous Region saw its foreign trade with the countries along the Belt and Road routes in the first four months of the year stand at 65.78 billion yuan, up 21.4 percent year on year. In terms of major trading partners, Vietnam is the largest trading country of Guangxi in the period. From January to April, Guangxi's foreign trade with Vietnam reached 55.43 billion yuan, an increase of 34 percent year on year. Its foreign trade with Indonesia amounted to 1.98 billion yuan, an increase of 14.7 percent year on year. Its foreign trade with Thailand stood at 1.86 billion yuan, an increase of 63.4 percent year on year.
Tibet receives nearly 40,000 foreign tourists in January-April -- Southwest China's Tibet Autonomous Region received nearly 40,000 foreign tourists from January to April, up 50.5 percent compared with the previous year, regional authorities announced on May 27. According to the regional tourism development committee, the region took in 26.7 million U.S. dollars of tourism revenue during the period, a year-on-year increase of 50.7 percent. In the meantime, Tibet received nearly 2.7 million domestic tourists, up 63.5 percent year on year.
Shenzhen listed companies invest heavily in R&D in 2017 -- Listed companies in Shenzhen saw a rapid increase in research and development investment in 2017, local authorities said on May 29. According to the Shenzhen office of the China Securities Regulatory Commission, the listed companies in Shenzhen, except those in the finance and real estate sectors, spent more than 47.4 billion yuan (7.3 billion U.S. dollars) in R&D investment in 2017, accounting for about 10 percent of the total R&D investment of listed companies across the country. The number of listed companies with R&D investment exceeding 100 million yuan reached 78 in 2017, and six listed companies invested more than 1 billion yuan each in R&D.
A single purchase
