China's national-level economic and technological development zones actively promoted innovation amid COVID-19 pandemic, and played an important role in stabilizing foreign trade and investment, according to a working assessment from the Ministry of Commerce. The 217 zones generated 11 trillion yuan of regional GDP in 2020, up 5.6 percent year-on-year, accounting for 11 percent of the country's gross volume. Let's see the top 10 national economic and technological development zones in China in 2020. Chinadaily
Amid stable operations of the Beijing Stock Exchange, overseas investors have sped up their mapping in this new bourse, which is set to nurture more technologically advanced small and medium-sized enterprises. "The BSE has been built as a primary platform for direct financing of innovative SMEs. Since its launch, the bourse has attracted close attention from offshore investors seeking more diversified renminbi asset allocations. Souce: Chinadaily
The Regional Comprehensive Economic Partnership (RCEP), the world's largest free trade agreement, takes effect on Jan 1, 2022.
RCEP, signed by 10 ASEAN countries, with China, Japan, the Republic of Korea, Australia, and New Zealand, RCEP accounts for one-third of the world's population, global GDP, and global trade.
Q: How will RCEP influence the world? A: RCEP will take a lead in driving free trade, and actively promote formation of a new global trade and investment system.Predictions show that by 2035, RCEP will help achieve cumulative growth rates of 0.12% in the world’s real economy, and 2.91%, in import and export trade. Source: The State Council
About 150,000 square meters of exhibition space has already been booked for next year's China International Import Expo, an indication of industry leaders' confidence in the Chinese market, organizers said in Shanghai on Nov 10 as this year's event closed. The exhibition area this year was a record 366,000 sq m, up 6,000 sq m from 2020.
A total of 281 Fortune 500 companies and industry leaders attended this year's exhibition, with 40 joining the CIIE for the first time and another 120 taking part in the exhibition for the fourth consecutive year. "The CIIE has further facilitated China's industrial transformation and upgrading," said Jiang Ying, vice-chairwoman of Deloitte in China, a market consultancy. The CIIE has become a key platform where foreign companies can gain a deeper understanding of the Chinese market and seek investment opportunities, she said.
China's trade council on Oct 29 released commercial mediation rules for the settlement of foreign-related intellectual property rights (IPR) disputes, the first of their kind in the country. The rules will take effect on Nov 1. Issued by a mediation center under the China Council for the Promotion of International Trade, the rules detail regulations on applications, personnel, modes and fees related to the mediation of IPR disputes.The rules will play active roles in improving China's IPR dispute resolution mechanism, advancing commercial mediation development, and helping China deeply engage in global IPR governance, said Cai Chenfeng, vice-president of the mediation center. Source: Xinhua
The fast growing digital economy and accelerated restructuring of the global value chain will shore up China's trade in services this year, helping contribute to the world's economic recovery from the COVID-19 pandemic, said experts and business leaders. China's service sector attracted nearly 600 billion yuan in foreign direct investment in the first eight months of this year, soaring 25.8 percent year-on-year, with foreign investment in the high-tech service sector rising 35.2 percent. Source: China Daily
China released a 15-year plan (2021-2035) on the development of intellectual property rights (IPR) on Sept 22. By 2035, China's IPR competitiveness will rank among the top in the world, says the guideline.The guideline maps out a number of key tasks including building an IPR protection system that supports world-class business environment, establishing an IPR market operation mechanism that encourages innovation, building a public IPR service system that is convenient and beneficial to the public and stepping up participation in global IPR governance. Source: Xinhua
The upcoming 130th session of the China Import and Export Fair, will have the theme of "dual circulation", a reference to China's new development paradigm, in which the domestic market is the mainstay and the domestic and overseas markets reinforce each other, aims to attract more overseas buyers from online platforms to help foreign trade companies gain new orders, will enrich the nation's dual-circulation development paradigm as well as new formats for foreign trade around the world. The event, also known as the Canton Fair, will be held from Oct 15 to 19 in Guangzhou, the capital of Guangdong province, and feature online as well as offline activities for the first time. Source: China Daily
The northeastern Chinese ports of Manzhouli and Suifenhe on the China-Russia border have seen over 3,000 China-Europe freight train trips this year, according to the China Railway Harbin Group Co Ltd.
As of Aug 25, the two ports had handled 3,037 China-Europe freight train trips with 291,186 TEUs of goods, up 35.5 percent and 44.6 percent year-on-year, respectively.
In the same period, Suifenhe port handled 323 China-Europe freight train trips with 29,176 TEUs of cargo, surging by 207.6 percent and 218.7 percent, respectively.
Over 50 China-Europe freight train routes pass through the two ports, linking more than 10 countries with 60 Chinese cities, including Guangzhou, Changsha and Tianjin. Source：Xinhua
BEIJING — The share of the Chinese currency the renminbi (RMB) in cross-border payments hit a record high in 2020 and continued to gain steam, according to a report on the internationalization of the RMB published by the China Banking Association. The cross-border use of the RMB surged 44.3 percent year-on-year to 28.38 trillion yuan (about $4.37 trillion) last year, of which cross-border receipts reached 14.1 trillion yuan and payments came in at 14.28 trillion yuan, according to the report. Cross-border RMB settlements accounted for 47.4 percent of all cross-border domestic and foreign currency settlements, a new record that was 9.28 percentage points higher than the figure seen in 2019, data from the report shows. Xinhua
BEIJING — China's central bank on Aug 9 said it will maintain the stability of monetary policy and make it more forward-looking and effective, to render strong support to the real economy while avoiding a "flood-like" stimulus. The bank will coordinate macroeconomic policies for 2021 and 2022, boost high-quality development with moderate monetary growth, and support the continuous recovery of small and medium-sized firms as well as industries in difficulties, according to a quarterly report by the People's Bank of China (PBOC) on monetary policy implementation. Xinhua
BEIJING -- China's major industrial companies saw a steady increase in profits in the first half of this year amid a stable recovery in market demand and improving business performance, official data showed Tuesday. Industrial firms with an annual business turnover of at least 20 million yuan (about $3.09 million) raked in combined profits of 4.22 trillion yuan during the period, up 66.9 percent year-on-year, data from the National Bureau of Statistics showed. Compared with the 2019 level, profits of major industrial firms rose by 45.5 percent in H1. Source:Xinhua
BEIJING — President Xi Jinping held a virtual summit with French President Emmanuel Macron and German Chancellor Angela Merkel in Beijing on July 5, calling on China and Europe to expand consensus and cooperation for the two sides to play an important role in properly responding to global challenges.
China's major industrial enterprises' steady profit increases in the first five months of the year show the country's economy is on the right road to recovery, officials and experts said. However, targeted policy support will be needed to help downstream industries and smaller businesses cope with rising costs and ensure sound economic fundamentals.
Figures released by the National Bureau of Statistics on June 27 showed that profits for China's major industrial enterprises rose 83.4 percent year-on-year in the first five months to over 3.42 trillion yuan ($530 billion). Major industrial companies refer to those with an annual business turnover of at least 20 million yuan from their main operations. Source:China Daily
LANZHOU — A new freight train route has been launched, linking Hamburg in Germany and the city of Wuwei in Northwest China's Gansu province, local authorities said on June 15.
A train carrying 771 tons of containers, mainly auto parts, office supplies, household appliance, with a total value of approximately 36.3 million yuan ($5.67 million) departed from Wuwei on June 13, inaugurating the service and is expected to arrive in Hamburg in early July. It is the land port's first China-Europe freight train to Hamburg, also its second China-Europe freight train to Germany this year. The train will travel approximately 8,700 km to reach its final destination in Germany. Source: Xinhua
The United States' exports to China have benefited nearly all US states and industries, the US-China Business Council said Tuesday during a conference held in Shanghai. Data released by the council showed that US exports to China grew by about 18 percent year-on-year to over $123 billion in 2020, while its exports to the rest of the world fell by 15 percent during the same period. Since the two nations started trading relations, over 70,000 American enterprises have invested in China or operated a business there, with a total annual sales volume exceeding $700 billion. About 83 percent of them regarded China as their most important market or among the top five, said the USCBC. Source:Xinhua
The first Taihu East Asian Entrepreneurs Forum was held at Suzhou Taihu International Conference Center yesterday. Over 630 guests from China and abroad participated in the main forum and other five sub-events. With a theme of ensuring the smooth operation of East Asia’s industrial chain and closer cooperation, the forum promoted discussions to deepen industrial partnership, form a higher degree of industrial integration, facilitate exchange among enterprises, and enhance stability and competitiveness of industrial and supply chains. Source:i.Suzhou
BEIJING — China released the results of the seventh national census on May 11. The census, the largest of its kind across the world, helps China figure out its population size, structure and distribution as well as the latest demographic changes and trends, according to the National Bureau of Statistics (NBS). China's population on the mainland has reached 1.41178 billion, up 5.38 percent from the previous census in 2010, the latest census data showed. Source:Xinhua
Foreign investors will continue to scale up their exposure to domestic bonds, thanks to China's robust economic fundamentals and prospects for healthy return, officials and experts said on Friday. Despite the rising US dollar and the smaller yield advantage of Chinese government bonds, the net increase in foreign holdings of domestic bonds stood at $63.3 billion in the first quarter of the year, up 11 percent on a quarterly basis, said Wang Chunying, a spokeswoman for the State Administration of Foreign Exchange, the country's forex regulator. Source:Chinadaily
China's foreign trade amounted to 8.47 trillion yuan ($1.29 trillion) in the first quarter of this year, up 29.2 percent year-on-year, according to the General Administration of Customs.
The country's exports soared 38.7 percent on a yearly basis, while its imports jumped 19.3 percent year-on-year in Q1. The country's foreign trade with economies related to the Belt and Road Initiative and trade partners of the Regional Comprehensive Economic Partnership grew by 21.4 percent and 22.9 percent on a yearly basis, respectively, in the first quarter of 2021. Source:Chinadaily.com.cn
LONDON — China's plan to expand and modernize its transport network will boost connectivity, the allocation of global resources, and trade across the globe, experts have said. China recently unveiled a program called the "Global 1-2-3 Logistics Circle" to expand the country's strength in the transport sector over the next 15 years, setting long-term goals for the industry to develop a modern, high-quality and comprehensive national transport network. Source:THE STATE COUNCIL
China's consumer inflation fell in February due to base effects, while factory-gate prices picked up on the back of buoyant economic activities, official data showed on March 10. The consumer price index (CPI), a main gauge of inflation, declined 0.2 percent year-on-year in February due to a high comparison base last year, according to data from the National Bureau of Statistics (NBS). THE STATE COUNCIL
The annual gatherings of China's top legislature, the National People's Congress, and the country's top political advisory body, the Chinese People's Political Consultative Conference, have always commanded attention as one of the most important political events in the country. The political advisory body convenes on Mar.4 this year, while the legislature opens one day later in Beijing.For short, these meetings are known as the two sessions. If you're already lost in the overload of information about the event, this engaging video is a time-saver for you. Chinadaily
According to the Ministry of Transport, the throughput of nationwide ports reached 1.29 billion metric tons in January, a year-on-year increase of 17.4 percent, and the container throughput reached 2.37 million standard containers, up by 13.2 percent. While giving full play to its advantage in road, railway, and water transportation, Nanjing port Longtan Container saw an increase of 22 percent in domestic trade year-on-year in January. The State Council
China Daily is publishing a series of stories focusing on major issues expected to be discussed at the annual sessions of the National People's Congress and the National Committee of the Chinese People's Political Consultative Conference, known as the two sessions, the biggest annual political event in China, which generally starts in early March. Policy advisers and economists defined this year as a time for "policy normalization". Chinadaily
Workers at the construction site of the Hangzhou-Shaoxing-Taizhou railway in Linhai city, East China's Zhejiang province, on Feb 1.
The day marked the laying of the first pair of 500-meter rails on the track for China’s first privately owned high-speed railway project.
It is expected to open for use in 2021, with a speed of 350 kilometers per hour. Source: Xinhua
The Port of Ningbo Zhoushan in East China's Zhejiang province has become the world's busiest for the 12th consecutive year.
The port handled nearly 1.2 billion metric tons of cargo last year, more than any other port in the world. Source:CGTN
HOHHOT — The number of China-Europe freight trains arriving and departing via Manzhouli, China's largest land port, reached a record high in 2020 despite the impact of COVID-19, local railway authorities said on Jan 6. In 2020, a total of 3,548 cross-border freight trains went through the port, up 35.1 percent year-on-year, carrying 324,310 twenty-foot equivalent unit (TEU) containers of goods. Compared with sea and air transportation, China-Europe freight trains have been less affected by the COVID-19 pandemic, playing an important role in ensuring smooth logistics and stable material supply in China and European countries. Source:The State Council
Imagine a digital currency that can be used even without the internet, one that does not have to be linked to a bank account and is treated just as bank notes and coins. China's digital yuan, although still being piloted, promises to include more people in this fast-developing digital era, making daily life easier and digital payment more secure.THE STATE COUNCIL
China will reduce or cancel tariffs on certain imported goods and materials starting in 2021 in a bid to expand imports, boost the domestic market and support the formation of high-standard free trade areas under the country's new "dual-circulation" development paradigm, according to the Ministry of Finance.
BEIJING — Chinese authorities have urged efforts to extend financial support to major foreign-funded firms to lower their fund-raising costs and help them weather the COVID-19 economic fallout.
According to the circular, major foreign-funded companies are also eligible for a re-lending and rediscount quota of 1.5 trillion yuan (about $229.5 billion) from the People's Bank of China.
Source:The State Council
BEIJING — China's producer prices saw narrowed decline in November amid a steady recovery in industrial activities, official data showed on Dec 9. The producer price index (PPI), which measures costs for goods at the factory gate, fell 1.5 percent year-on-year in November, narrowed from the 2.1-percent drop in October, said the National Bureau of Statistics (NBS). In the first 11 months, the PPI went down 2 percent on average from the same period last year, NBS data showed.The PPI data came along with the release of the consumer price index, a main gauge of inflation, which dipped 0.5 percent year-on-year in November.
China's economic performance in first three quarters
GDP:72.28 trillion yuan, 0.7% ↑; CPI: 3.3% ↑ ; PPI: 2% ↓( ↑ 0.1% month- on- month in September);
Learn more about other indicators: www.gov.cn
As foreign trade is an important part of China's open economy and a driving power for national economic development, the State Council issued a circular on Nov 9 to promote its innovative development.
Read more: http://english.www.gov.cn/policies
BEIJING — President Xi Jinping announced new measures for expanding all-around opening-up in his keynote speech at the opening ceremony of the third China International Import Expo (CIIE) in Shanghai on Nov 4. China will nurture new pacesetters of opening-up, pursue creative ways to grow foreign trade, keep improving its business environment and pursue deeper bilateral, multilateral and regional cooperation to work with related countries to build a community with a shared future for mankind. Read more: THE STATE COUNCIL
People prepare for upcoming 3rd China Intl Import Expo in Shanghai
The 3rd China International Import Expo (CIIE) will kick off on Nov 5 in the National Exhibition and Convention Center (Shanghai) in East China's Shanghai .
The 3rd CIIE to unlock huge investment opportunities for foreign companies; Over 4,800 volunteers start work for upcoming CIIE; Preparations for the expo are in full swing.
Source: THE STATE COUNCIL
All-year platform to introduce more quality imports and boost consumption Greenland Global Commodity Trading Hub, the all-year trading platform of the China International Import Expo, will help strengthen China's dual circulation development pattern by introducing more quality imports and boosting domestic consumption, said the company's top executive. "The hub will make best use of its commerce and trade industrial chains to nurture a number of companies that excel in supply chain and commodities circulation." Learn more:CIIE trading hub
China's fiscal revenue rose by 4.7 percent during the third quarter of the year on the back of sustained economic recovery and robust industrial output, while government spending is expected to shore up growth in the subsequent months, according to the Ministry of Finance. Fiscal revenue rose to 14.1 trillion yuan ($2.1 trillion) by September. In September alone, fiscal revenue rose by about 8 percent on a yearly basis, the year's highest single-month growth, the ministry said on Wednesday. Source: Chinadaily
Effective from Sep.28, 2020, foreign nationals holding valid Chinese residence permits for work, personal matters and reunion are allowed to enter China with no need for applying for new visas.
Learn more:Announcement on entry by foreign nationals
Certain industries in China showed signs of recovery despite the impact of the COVID-19 pandemic in the first half of this year, said a report released by human resources consulting firm Aon Hewitt, news portal thepaper.cn reported. The 2020 Mid-Year Salary Increase Report for Chinese Market showed lower wage growth across most sectors in China in the first six months of 2020. Covering 576 companies in various cities and industries in China, the report said that the overall salary increase rate for Chinese enterprises was 5.2 percent by mid-year, while the rate in second-tier cities was 5.3 percent, higher than the 5.1 percent rate in the first-tier cities. Most companies in China registered a sign of recovery, with the projected salary increase rate for 2021 at 5.3 percent, the report said. Source:Chinadaily
Expanding opening-up in service trade is an important and innovative exploration for China.The country will widen areas of opening up in service trade in an orderly manner, and promote the cancelation or relaxation of restrictive measures on service trade. Read more:http://english.www.gov.cn/policies/infographics/202009/06/content_WS5f548feac6d0f7257693b9db.html
BEIJING — Profits of China's major industrial firms in July totaled 589.5 billion yuan (about $85.56 billion), increasing by 19.6 percent year-on-year, data from the National Bureau of Statistics (NBS) showed on Aug 27.The growth widened 8.1 percentage points from that in June, said NBS senior statistician. With the implementation of policies and measures to coordinate epidemic prevention and control with economic and social development, the industrial sector continues to improve and firms' profits continue to see rapid recovery growth, according to Zhu.Major industrial companies refer to those with an annual business turnover of at least 20 million yuan. Source:http://english.www.gov.cn/
Shenzhen city in South China's Guangdong province on Aug 17 became the first city in China to achieve full 5G coverage, taking the lead in the 5G era. The city will give full play to the innovative development advantages of such key 5G enterprises such as Huawei, ZTE and Tencent. Source:CGTN
BEIJING - The central parity rate of the Chinese currency renminbi, or the yuan, strengthened for a fourth consecutive day to 6.9438 against the US dollar Thursday, the strongest in almost five months, according to the China Foreign Exchange Trade System.The stronger yuan against the dollar was partly due to domestic economic recovery as well as continued capital inflows, analysts said.The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day. Source:Chinadaily
To create a friendlier business environment for enterprises in foreign trade and foreign-invested firms, China will make more effort to boost customs efficiency for imports and exports, employ "single window" services in international trade and further clear the way to operate or invest in the country.
Xuelong 2, or Snow Dragon 2, China's first domestically built polar icebreaker, moors at a port in Shanghai for a Maritime Day theme activity on July 11, 2020.
July 11 marks the Maritime Day of China.
HOHHOT — Foreign trade volume by railway through Manzhouli, the largest land port on the China-Russia border, exceeded 10 million metric tons in the first half of this year, up 6.4 percent year-on-year, according to official figures. About 8.25 million tons of goods were imported by train via Manzhouli from January to June while the export volume was 1.79 million tons, said the Manzhouli railway station under China Railway Harbin Group Co Ltd on July 6. Authorities in Manzhouli port have facilitated customs clearance to increase efficiency and help enterprises reduce logistics and transportation costs. Source: Xinhua
16 foreigners from 10 countries attended various celebration activities, including collecting wormwood leaves, knitting lucky rings, learning to embroider sachets, weaving flower ropes, making zongzi and frying oil cakes to experience the traditional Chinese Dragon Boat Festival in Yiqu village of Xiaojin town in Qingyang, Northwest China's Gansu province on June 24, 2020. Souce:Chinadaily
Wu Siqin (R), an 84-year-old resident of Fengnanlu community, receives food delivered by social worker Wang Linying in Suzhou, East China's Jiangsu province, June 11, 2020. Loufeng community of Suzhou industrial park offers meal delivery service to elderly people living in the community, a move to bring more convenience to the aged. Source:Xinhua
China's foreign trade is expected to show a stable recovery in the second half of the year on the back of a notable improvement in the industrial, supply and service chains as well as from major trade events like the upcoming Canton Fair and the third China International Import Expo, industry experts said on Wednesday.Source：chinadaily.com
Stabilize foreign trade
Utilization of foreign capital
Focus on quality in the joint pursuit of the Belt and Road Initiative
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Listen to stories of some expats' in China.
China's central bank reiterated its intent to maintain a "conventional monetary policy as long as possible", while keeping certain policy adjustment space to encourage moderate savings and prevent asset bubbles.The tone was evident in an article authored by a research team of the central bank's general administration department and published in the latest issue of China Finance, a magazine run by the People's Bank of China, the central bank.The ultimate objective of China's monetary policy is "to maintain the stability of currency value and promote economic growth", it said.
By late this week, a 5G signal is expected to cover the summit of Mount Qomolangma, according to China Mobile.The 5G signal is based on Non-standalone (NSA) and standalone (SA) networks that also involve the efforts of Chinese telecom giant Huawei. Over 150 workers have been working for the task and they are also guaranteeing the upgrade and maintenance of the trunk transmission system close to Qomolangma. To protect the environment, no excavation is allowed in the mount's core area and an armored cable layout that does minimal harm has been adopted, according to China Mobile. And the company said that the mission will offer convenience to the scientific investigation and mountaineering in Mount Qomolangma. Source:CGTN
After 76 days of lockdown, Wuhan, capital of Hubei province, lifted outbound travel restrictions on Wednesday as the novel coronavirus outbreak has been effectively controlled in what was the hardest-hit city on the Chinese mainland. The reopening of the city is considered to be proof of the monumental progress China has made in its fight against the contagion as the pandemic rages in other parts of the world.
"As China's caseload of COVID-19 continues to wane thanks to its strict measures, factories across the country have gradually returned to normalcy, gearing up to mitigate the impact of the coronavirus on the global supply chain. The Chinese government and companies are beefing up their efforts, reviving business activities while implementing strict prevention and control measures to prevent any resurgence in cases.", according to Xinhua News Agency.
How COVID-19 Spreads?
Between people who are in close contact with one another (within about 6 feet); Through respiratory droplets produced when an infected person coughs or sneezes.These droplets can land in the mouths or noses of people who are nearby or possibly be inhaled into the lungs.
Spread from contact with contaminated surfaces or objects
It may be possible that a person can get COVID-19 by touching a surface or object that has the virus on it and then touching their own mouth, nose, or possibly their eyes, but this is not thought to be the main way the virus spreads.
#Take steps to protect yourself & others#
Pintuu presents some mask to one of its overseas client. On behalf of Pintuu team,general manager, James YANG wishes our client and all of their colleagues all safe and healthy during this difficult moment due to Covid-19 crisis. And here are some words from him,"Our experience tells us when correct and enough measures are taken, we will be able to defeat the virus and ultimately win! We know the moment is very hard for you and even your country, but also believe you’ll get by and become even stronger!!"
China will work to shorten the negative list on foreign investment and encourage financial institutions to increase foreign trade loans to cope with the impact of the epidemic and keep steady progress in foreign trade and investment. "Keeping foreign trade and foreign investment stable is vitally important as the Chinese economy has been deeply integrated into the world economy. All companies, regardless of size or type of ownership, should get to benefit from the recent policies designed to ease their difficulties. We must swiftly work out a further shortened negative list on the access of foreign investment to more clearly demonstrate our firm resolve on opening-up," Premier Li said.
On 2 March, Xi Jinping, General Secretary of the CPC Central Committee, President of the People's Republic of China, and Chairman of the Central Military Commission, inspected scientific research work on containing and mitigating the COVID-19 outbreak in Beijing. On behalf of the CPC Central Committee, President Xi expressed sincere appreciation and cordial greetings to the professionals fighting on the front line of scientific research to defeat the epidemic. He stressed that science and technology are the most powerful weapon for mankind in the fight against the disease and that scientific advances and technological innovation are indispensable for humanity to prevail over major disasters and epidemics. Scientific research on COVID-19 is a priority and pressing task. It must be advanced with concerted and coordinated efforts across disciplines. On the basis of science and security, the research efforts should be advanced as quickly as possible to tackle the key and thorny problems in epidemic control at an early date and provide strong scientific underpinning for winning this all-out, people's war against the epidemic.Xi pointed out that public health security is a common challenge for humanity, which requires the joint efforts of all countries. As the COVID-19 outbreak is emerging in quite a number of countries, we need to step up communication with the World Health Organization, and strengthen cooperation on source tracing, drugs, vaccines and testing with the countries concerned, particularly those most seriously affected. By sharing research data and information, and working on joint response to the epidemic, we will contribute our wisdom and energy to the building of a community with a shared future for mankind.
China is stepping up measures to support private companies, small and medium-sized enterprises, including ensuring government departments and State-owned enterprises clear their overdue payments to them. As of the end of last December, 75% of the more than 890 billion yuan ($129.76 billion) in such arrears identified nationwide had been paid up." By the end of this year, all undisputed arrears should be cleared as much as possible, and no new arrears should be incurred." said Xin Guobin, vice-minister of industry and information technology, during recent State Council Information Office press conference held in Beijing.
Manufacturing enterprises in China will benefit from the government's continued efforts to cut value-added tax and fees this year, and the total scale of the reductions in cost for the sector was expected to reach 1.65 trillion yuan ($240 billion) for 2019, officials said. Chen Bin, executive vice-president of the China Machinery Industry Federation, said the policy will help related companies to achieve high-quality development, transformation and upgrade the manufacturing capabilities.
At present, the die casting industry is gradually entering the strategic adjustment period. The demands of end product is increasing and the requirement to end product is getting much complex and precise.The die casting technology integrates new technology continuously, Lightweight, Electrification, Intelligence will be the main trend of the die casting industry. And it will infiltrate industries of electronics, defence, computer, medical instrument, watch as well as communications from traditional industries, like automobile and instrumentation industries. The die casting industry will face a new round challenge with 5G and the practice of The Belt and Road initiative.Since year 2020, China International Die Casting Industry Exhibition will hold annually rather than every two years. From year 2020, Shanghai will be the only one host city.
Source: China Foundry Association
EUROGUSS 2020, as the key international trade fair for the die casting industry, attracts lots of businessmen from all over the world as usual.
We, Pintuu, a customized metal parts component provider, are attracted as well. James YANG, our general manager, participates the fair this time.
Looking forward to having more opportunities to have exchanges with partners over the die casting and having more chances to cooperate in future.
BEIJING — China's consumer price index (CPI), a main gauge of inflation, rose 2.9 percent year-on-year in 2019, within government target of 3 percent, official data showed on Jan 9.
The growth picked up from 2.8 percent in the first 11 months, and was above the 2.1-percent annual increase in 2018, according to the National Bureau of Statistics.
In December, the CPI climbed 4.5 percent year-on-year, unchanged from that in November.
The hike was mainly driven by food prices, which soared 17.4 percent year-on-year last month, contributing 3.43 percentage points to the increase in December.
The data released on Jan 9 also showed that China's producer price index, which measures costs for goods at the factory gate, dropped 0.3 percent year-on-year in 2019.
In China, people always prepare for the Spring Festival more than 20 days ahead. The 12th lunar month in Chinese is called la yue and the eighth day of this month is la yue chu ba, or laba. People call this day "Laba Festival." This festival is considered as a prelude to the Spring Festival. And this festival of this year falls on Jan 2. Ancestor worship, eating Laba rice porridge and making Laba garlic are three major customs on this festival.
The Christmas is coming. Suzhou holds lots of activities to celebrate this popular holiday also.
Cross talk, pillow fight,The Tyrannosaurus Series Exhibition, go to church nearby, big parties, etc... Among these activities, some are traditional and some are modern.You may find your favorite.
Zhejiang News reported on September 5 that the 5th factory of IKD Co., Ltd. was completed.The factory consists of three parts: die-casting workshop, machining workshop and automatic three-dimensional warehouse. At present, the factory has realized full coverage of 5G signals, which is the first digital factory in Ningbo applying 5G signals.The workshop has achieved full automation of die casting, machining and warehousing in 5G networking mode.
This time, Ningbo Mobile and IKD cooperated to carry out the end-to-end 5G application transformation of the factory network and automatic production line, and installed nearly 200 network devices to achieve campus-level 5G network coverage. At the same time, through the networking of more than 2,300 sets of equipment (including die casting machine, machining center, peripheral equipment, robots, melting equipment, etc.), access is gained to more than 4,000 input/output data points to monitor the production. The productivity increased by 10% to 20% .
In recent years, IKD has been advancing the transformation of digital factories. However, this transformation process has long been constrained by factors such as costs and technical reliability. The application of 5G technology has broken this bottleneck.
Source: China foundryworld
According to the latest data released by China Customs, China's magnesium alloy exports in June 2019 were 7,976 tons, an increase of 24.9% from the previous month and a decrease of 11.3% from the same period last year. The top three export destinations for magnesium alloys in China in June were the Netherlands, Canada, and the United States. Among them, the export to the Netherlands magnesium alloy was 1,656 tons, an increase of 87.8% from the previous month; the export to Canada magnesium alloy was 1,310 tons, an increase of 118% from the previous month; the export to the US magnesium alloy was 994 tons, an increase of 93.8%.
Source: China foundryworld
The draft Regulation on Implementing the Foreign Investment Law of the People's Republic of China was approved at the State Council's executive meeting chaired by Premier Li Keqiang on Dec 12. The newly approved regulation specifies measures to facilitate and protect foreign investment, to better address foreign investors' concerns and promote opening-up at a higher level.
The Communist Party of China Central Committee and the State Council on Dec 1 jointly issued an outline of the integrated regional development of the Yangtze River Delta.
The document outlines targets, requirements and measures to boost the integrated development of the Yangtze River Delta and build a regional cluster of high-quality development. As one of China's most economically active, open and innovative regions, the Yangtze River Delta boasts strategic significance in the country's modernization and further opening-up, which makes its regional integration crucial for leading the country's high-quality development and building a modern economic system.The outline, mapping development for a 358,000-square km expanse that encompasses Jiangsu province, Zhejiang province, Anhui province and Shanghai municipality, consists of 12 chapters.
Tasks specified in the outline include establishing a coordinated innovative industry system, enhancing connectivity of infrastructure, strengthening environmental protection, advancing public services and building the Shanghai free trade zone under high standards.
Domestic-made 5G driverless microbus stareds trial operation in Hangzhou, East China's Zhejiang province, on Nov 26.
Driver intervention is not needed and the vehicle can respond quickly and operate safely in the face of complex road conditions.Such kind of bus is equipped with many smart sensors, cameras, lidars and radars, which help the vehicle identify obstacles, such as pedestrians and motor vehicles, from 200 meters.The smart microbus can also listen in all directions through the road cloud collaborative intelligent system according to China Daily
The 2019 Suzhou Taihu Marathon is set to take place on Nov.17 in Suzhou.
The Taihu marathon includes a full marathon, a half marathon and a mini marathon covering the distances of 42.195 kilometers, 21.0975 km and 5 km respectively.
About 30,000 runners will participate in the event.
The second China International Import Expo(CIIC) kicked off at the National Exhibition and Convention Center (Shanghai) on November 5, 2019.
President Xi Jinping attended the opening ceremony and delivered a keynote speech titled "Openness and Cooperation for a Shared Future", stressing that all countries should have a more open mindset and take more open steps, and work together to build an open world economy through cooperation, with innovation and for mutual benefits.
The policy that 144-hour transit visa exemption to Foreign Nationals extends to 27 border ports will take effect from Dec.1,2019, according to China National Immigration Administration(NIA).
The visa-free transit policy approved by the State Council applies to people from 53 countries, including Austria, the Czech Republic, Denmark, France, Germany, Russia, the United States, Brazil, Japan , Qatar and so on.
PINTUU was invited to join the conference held in Wuxi, Jiangsu on Oct.18. 50+ Stamping and molds makers were present, discussing the technology, market, manufacturing excellence, human resources etc.
One key takeaway is local fine blanking manufacturers are heading for more non-auto parts, like medical and lift etc, while auto parts could account for 70%+ of total output, and also interested in global footprint deeper.
We brought new inquiries, built the connections and proposed growth ideas.
Thanks a lot to everyone involved.
Wish the new edition could provide our distinguished customers with more convenient and efficient services.
The topics covered in the conference are forging process and optimization, tooling design, lubricant application, automation and human resources, focused on crank shaft, connecting rod, gear and shaft.
It is followed by a supplier matching session in the morning on third day and a plant tour in the afternoon to Pacific Precision Forging in Taizhou, Jiangsu, a champion in the industry.
Same day of last year, we join this big fair. How time flies!
We meet new suppliers of related field and pay visit to some partners also.
Light weight & semi-solid process tendency are still hot spots.More automatic equipment & automatic technology are popularized in die casting.
June 10 was a hot day yet blended with foggy air, and we were just on our way to plum rains season, which is a productive season you know. We just welcomed our partner Mr. Simmonds from Europe to our facility in Suzhou industrial park.
We explored a lot of potentials that we would work on together from now on, helping him to allocate quality Chinese suppliers for his needs in metal parts and more, quality check services for orders, or on the other hand, helping us managing our European customers are also not impossible.
Tuesday, we visited some high potential suppliers, certainly good ones, to match some of his RFQs.
Next, we are going to complete NDA and Supplier Agreement, and projects start.
Venue: Hannover Messe
We were presenting with own booth at Hannover Messe in Germany.This year we were in Hall 3, focused on industrial supply, components and materials.
There we brought samples of die castings, machined parts, investment castings, cold drawing parts etc to visitors.
We also had constructive meetings with existing and potential business partners from Germany, England, Russia and Estonia.
An American clients visits one of our casting and machining suppliers in Ningbo area.
The product quality from this supplier and the automation system of the casters impressed our client.
Suzhou held the 20th New Year’s Day People's Long Distance Running on Jan. 1, 2018.
The activity also kicked off the 2018 Suzhou“Holiday Sports”.