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China will allow domestic and overseas airlines to increase the number of international passenger flights in and out of the country if the epidemic risks are controllable, said Civil Aviation Administration of China on Thursday.Domestic and overseas airlines that have been operating international passenger flights under restrictions imposed on March 29 will still stick to the previous plan, with domestic airlines flying one flight a week on one route to any country and foreign airlines operating one flight a week to China, the administration said.Foreign airlines with no international passenge...
Date: 2020 - 06 - 05
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Yangshan Special Comprehensive Bonded Area was officially unveiled on Saturday, marking another major step forward in China in terms of a deepened and overall opening-up.Located in the Lingang Special Area of the China (Shanghai) Pilot Free Trade Zone, Yangshan was approved by the State Council on Jan 17 to be upgraded into a special comprehensive bonded area, which is the only one of its kind in the country up to this date.According to Li Guo, deputy head of the General Administration of Customs, a special supervision guideline has been drafted for the Yangshan Special Comprehensive Bonded Ar...
Date: 2020 - 05 - 22
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Shanghai is doubling down on digital exhibitions by forming a digital expo company in partnership with Alibaba Group.A cloud-based new vehicle launch was held on Thursday, with a parallel offline event attended by the city's Party Chief Li Qiang to commemorate the debut of the joint venture between the e-commerce giant and the Council for the Promotion of International Trade in Shanghai.A combination of technologies such as 3D, 5G and big data will be employed as the company strives to provide online and offline integration and help companies weather the storm, especially owing to the novel co...
Date: 2020 - 05 - 07
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BEIJING - China's production of non-ferrous metals kept steady growth during the first quarter, the China Nonferrous Metals Industry Association said Tuesday.Output of non-ferrous metals hit 14.17 million tons, up 2.1 percent year-on-year.Weighed down by the novel coronavirus epidemic, profits of major non-ferrous metal companies dived 31.4 percent year-on-year to 15.3 billion yuan ($2.19 billion).Prices of non-ferrous metals recorded drastic falls both at home and abroad during the first quarter, and staged a recovery in April, Jia Mingxing, vice chairman of the association, told a press conf...
Date: 2020 - 04 - 29
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BEIJING -- Profits of China's major industrial firms dropped in the first quarter (Q1) of 2020 with signs of improvement in March amid efforts to coordinate COVID-19 containment and economic growth, data from the National Bureau of Statistics (NBS) showed Monday.Profits of industrial companies with annual revenue of more than 20 million yuan (about $2.83 million) totaled 781.45 billion yuan in Q1, down 36.7 percent year on year, NBS said in a statement.The contraction narrowed from the 38.3-percent decline in the first two months, NBS data showed.In breakdown, profits of the manufacturing and ...
Date: 2020 - 04 - 28
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BEIJING -- The global oil price collapse is battering China's upstream oil companies but acts as a boon to downstream refineries, analysts said.Partly due to the coronavirus pandemic, international crude prices slumped in the past few months, with the benchmark Brent crude nosediving from about $68 per barrel in early January to around $25 at present.The upstream of the oil industry including oil producers and oilfield service firms has been hit hard by the plummeting prices, said Dong Xiucheng, professor with the University of International Business and Economics.The cost of domestic oil prod...
Date: 2020 - 04 - 27
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