News
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Economic Watch: China’s industrial profits rebound in 2021 as production improves
Profits of China’s major industrial firms surged 34.3 percent year on year in 2021 as industrial production recovered and profit margin improved, official data showed on Thursday. Industrial firms with annual business revenues of at least 20 million yuan (about 3.16 million U.S. dollars) sa...Read more -
China’s trade surplus at 384.7 billion yuan in December
China’s international goods and services trade surplus stood at 384.7 billion yuan in December last year, showed official data Friday. In dollar terms, the figure reached 60.4 billion U.S. dollars last month, said data released by the State Administration of Foreign Exchange. The country...Read more -
Chongqing’s foreign trade up 22.8 pct in 2021
Southwest China’s Chongqing Municipality saw its foreign trade exceeding 800 billion yuan (about 125.8 billion U.S. dollars) in 2021, an increase of 22.8 percent from the previous year, the city’s customs authorities said Monday. Chongqing’s foreign trade has maintained double-d...Read more -
China’s busiest port hits record 1.2 bln tonnes of cargo throughput
The annual cargo throughput of China’s busiest port, the Port of Ningbo Zhoushan in the eastern province of Zhejiang, reached a record high of 1.2 billion tonnes in 2021, up 4.4 percent year on year, the provincial port and navigation management center said Friday. The port has held the wor...Read more -
China’s steel output declines in 2021
China’s steel output declined in 2021 amid the country’s endeavor to achieve carbon peaking and carbon neutrality goals. The country produced an estimate of 1.03 billion tonnes of steel last year, down 35 million tonnes from 2020, said the China Iron and Steel Association on Monday. I...Read more -
China releases measures to keep foreign trade stable
China on Tuesday unveiled new guidelines to ease pressures on foreign trade companies and keep the country’s exports and imports stable. The country will further open up the economy and carry out cross-cyclical adjustments to support medium, small and micro-sized foreign trade companies, an...Read more -
Economic Watch: China’s industrial profits maintain rapid growth in first 11 months
Profits of China’s major industrial firms continued rapid growth in the first 11 months of 2021, the latest signal that the country’s economy is set to finish the pandemic-hit year on a strong note. Industrial firms with annual business revenues of at least 20 million yuan (about 3.14...Read more -
China’s cargo, container throughput see steady growth in Jan.-Nov.
Cargo and container throughput at China’s ports registered stable growth in the first 11 months of the year, data from the Ministry of Transport showed. From January to November, cargo throughput at China’s ports totaled 14.21 billion tonnes, up 7.2 percent year on year, according to ...Read more -
Container throughput of China’s Tianjin port hits record
North China’s Tianjin Port has handled more than 20 million 20-foot equivalent unit (TEU) containers so far this year, a landmark in its history, the port’s operator said. The record annual container throughput indicated that the container business in Tianjin Port has achieved leap-fo...Read more -
China 2022 crude steel output seen slipping, says report
An employee works at a crude steel production factory in Lianyungang, Jiangsu province, on Oct 2, 2021. China’s total crude steel output is estimated to reach 1.017 billion metric tons next year, down 2.2 percent year-on-year, a report released by the China Metallurgical Industry Planning...Read more -
EU Duties Will Disrupt Fastener Supply Chain
On 14th December the European Commission disclosed its additional conclusions for the AD676 anti- dumping investigation, which included only a small reduction of duty rates previously calculated of between 1.8% to 3.3% – based on the downward revision of the benchmark used to calcul...Read more -
Fastener Distributor Index Improves as Concerns Shift Toward Labor
While the FDI trended positive for a second straight month, its six-month outlook continued to slide amid supply chain and labor issues. FCH Sourcing Network reported its Fastener Distributor Index (FDI) for the month of November on Dec. 6, led by second-straight month of improvement despite ongo...Read more