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More cooperation measures expected to facilitate access to bond marketsChina and Russia have agreed to strengthen cooperation in the financial sector, particularly in the bond market, with an aim of jointly supporting global economic growth following a high-level bilateral financial dialogue that ended this week.'Russia will actively consider the issuance of yuan-denominated bonds on the Moscow Exchange,' said a statement on the website of the Chinese Ministry of Finance late on Thursday.China would also encourage domestic investors to invest in bonds issued by Russia, in line with the existin...
Date: 2019 - 08 - 24
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A Chinese rail company has started selling low-emissions freight containers that keep cold without the need for fuel-generated refrigeration.Hebei-based transport business CRRC Shijiazhuang sold 49 of the containers to a manufacturer in China this month, having developed a prototype last year in collaboration with academics from the University of Birmingham in the United Kingdom.The new container was one of several innovations showcased at the UK-China symposium on clean energy utilization and energy storage in Birmingham on Monday.Ding Yulong, director of the Birmingham Centre for Energy Stor...
Date: 2019 - 08 - 23
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A State Council executive meeting in June decided to further facilitate customs clearance and continue to optimize the business environment at ports.China will streamline the integrated customs clearance process by implementing a two-step customs declaration mode: a simplified declaration before customs release, and then a complete declaration within a time frame.The two-step customs declaration mode will be tested at Huangpu Customs in Shanghai, Shenzhen Customs in Guangdong, and Qingdao Customs in Shandong, starting on Aug 24.The single window for international trade enables 25 ministries to...
Date: 2019 - 08 - 22
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BEIJING - China's steel production is set to decline significantly in the latter half of 2019 after reaching a record high in the first half, Fitch Ratings says in its latest report.Crude steel and steel-product output rose 9.9 percent and 11.4 percent to 492 million tons and 587 million tons, respectively, in the first six months, the ratings agency cited data from the National Bureau of Statistics.Construction steel accounted for the bulk of the growth, which was consistent with strong fixed-asset investment (FAI) growth in property, Fitch noted.For the latter half, the agency expected steel...
Date: 2019 - 08 - 21
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BEIJING - China's overall electricity supply and demand will be balanced in the second half of the year, according to China Electricity Council (CEC), a non-profit national trade association.'Now we are in a critical summer peak period, and there will be power shortages in some areas during the peak period,' said Yu Chongde, a spokesperson for the CEC.CEC forecast the growth rate of power consumption will reach around 5.5 percent in 2019.In the second half of the year, power supply and demand will be tight in northern and central China during peak hours and balanced in eastern and southern Chi...
Date: 2019 - 08 - 20
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Demand for key ingredients, associated products increase amid green pushProduction and sales of Chinese photovoltaic products saw robust growth during the first six months of this year, on the back of strong performance in overseas markets, an industry expert said.Production volumes of polycrystalline silicon, a key ingredient of PV products and other associated products like silicon wafers, modules and cells, registered an impressive uptick, according to data from the China Photovoltaic Industry Association.Polycrystalline silicon output totaled 155,000 metric tons in the first half, up 8.4 p...
Date: 2019 - 08 - 19
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