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China is ramping up efforts to improve the service capability of China-Europe rail freight, providing much-needed freight service amid the COVID-19 outbreak, the country's top economic regulator said on Tuesday.The new move came in an effort to keep up with the rising demand for freight trains amid the COVID-19 outbreak which has hampered international air and sea transport, Meng Wei, spokeswoman with the National Development and Reform Commission told a news conference in Beijing.Meng said the NRDC will work with other departments and local governments to step up the construction of key p...
Date: 2020 - 11 - 18
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China's exports continued to expand in October, the growth rate reached 19 months high, and imports also showed stable growth, official data showed on Saturday, as the country's economy continues to recover from the pandemic.China's October exports and imports increased 11.4 and 4.7 percent, respectively, from a year earlier, reaching $237 billion and $179 billion.Exports in October continued to expand from an already solid increase of 9.9 percent in September, beating analysts' expectations of 9.3 percent. Imports however slowed down from September's big leap of 13.2 perce...
Date: 2020 - 11 - 09
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China's economy recovered steadily in October as the latest data showed the continuous expansion of the manufacturing and services sectors. Economists expect structural reforms and opening measures unveiled in the country's newly proposed five-year plan and its development goals for 2035 will help sustain long-term growth.The country's factory activities stayed in expansionary territory for eight consecutive months as the purchasing managers index for the manufacturing sector stood at 51.4 in October. The PMI for the nonmanufacturing sector came in at 56.2, compared with 55.9 in th...
Date: 2020 - 11 - 02
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China's outbound investment was generally stable during the first three quarters of the year, although the raging COVID-19 pandemic and other factors dampened cross-border investment globally, the Ministry of Commerce said Thursday.Chinese companies hiked investment in countries along the Belt and Road during the period, with non-financial direct investment surging 29.7 percent year on year to reach 13.02 billion U.S. dollars, Gao Feng, spokesperson for the ministry, told a press briefing.
Date: 2020 - 10 - 23
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The 2020 Shanghai Cooperation Organization (SCO) International Investment and Trade Expo will be held from Oct. 16 to 18 in Qingdao, east China's Shandong Province, local authorities said Friday.The expo this year is expected to see the participation of envoys from 28 countries, including 18 SCO nations. Products and services from over 600 enterprises, including 350 exhibiting online, are expected for the exhibition, according to the administration of China-SCO local economic cooperation demonstration zone.The event will focus on products and services in finance, agriculture, culture and t...
Date: 2020 - 10 - 17
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The Hainan free trade port in south China's Hainan Province on Monday launched its first inter-continental shipping line linking the port with Australia and other Asia-Pacific countries.The Yangpu-South Pacific-Australia route will connect ports in China, the Philippines, Papua New Guinea and Australia, according to authorities in Hainan's Yangpu Economic Development Zone.At present, two ships with a total of 1,740 containers have been put into operation on the route.Officials said the new line will facilitate trades of coconut, beef, minerals, logs and consumer products between China ...
Date: 2020 - 10 - 09
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