News

  • More support for foreign firms coming

    China will continue higher-level opening-up to further improve services for foreign companies, so that they can grow and mitigate the COVID-19 pandemic impact, the Ministry of Commerce said on Thursday. Even though the COVID-19 pandemic has posed challenges to the global economy, particularly to ...
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  • Steel and cement don’t reflect China’s growth story any more

    China’s investment in the secondary industry grew by 16.1 percent year-on-year in the first quarter of this year, significantly higher than the 6.8 percent investment growth in the primary industry and 6.4 percent investment growth in the tertiary industry. In contrast steel and cement prod...
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  • In the first four months, the total value of my country’s foreign trade import and export was 12.58 trillion yuan, a year-on-year increase of 7.9%

    The General Administration of Customs announced today that in the first four months of this year, the total value of my country’s foreign trade imports and exports was 12.58 trillion yuan, a year-on-year increase of 7.9%. Among them, exports were 6.97 trillion yuan, a year-on-year increase ...
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  • Canton Fair “cloud” on the promotion of Handan Yongnian district “core” to promote foreign trade

    Due to the impact of the epidemic, enterprises in Yongnian District of Handan are faced with many difficulties. Innovative measures are urgently needed to stimulate enterprise vitality and achieve business development. In order to help foreign trade enterprises to actively respond to the impact ...
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  • China’s building materials sector sees steady expansion in Q1

    BEIJING — China saw the added value of its building materials sector rise at a steady pace of 1.6 percent year-on-year during the first quarter, according to data from the Ministry of Industry and Information Technology. In March, the added value of the industry climbed 2.1 percent from a y...
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  • China’s industrial firms see profits rise 8.5% year-on-year

    Profits at China’s industrial firms rose 8.5 percent year-on-year in the first quarter of the year, the National Bureau of Statistics said on Wednesday, pointing to a steady start for the industrial economy to the year. For January-March, the industrial firm’s profits growth rate was ...
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  • China steel industry continues to progress in development

    China’s steel industry has accelerated structural upgrade to pursue greener growth pathways and high-quality development, according to senior officials of the China Iron and Steel Association on Monday. “The industry has made remarkable progress in achieving high-quality developments ...
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  • China’s foreign trade up 10.7% in Q1

    China’s foreign trade in goods reached 9.42 trillion yuan ($1.48 trillion) in the first quarter, up 10.7 percent year-on-year, data from the General Administration of Customs showed on Wednesday. Exports grew by 13.4 percent on a yearly basis to 5.23 trillion yuan while imports increased by...
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  • Industrial fasteners market to hit $87.3 billion by 2026

    The global market for industrial fasteners estimated at U.S.$69.7 billion in the year 2022, is projected to reach a revised size of US$87.3 billion by the year 2026 — growing at a CAGR of 4.2% over the analysis period. This is according to a new study by Global Industry Analysts Inc., a premier m...
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  • China’s daily crude steel output up in mid-March

    China’s major steel mills saw their average daily output of crude steel stand at about 2.05 million tonnes in mid-March, an industrial data showed. The daily output marked an increase of 4.61 percent from that recorded in early March, according to the China Iron and Steel Association. Major...
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  • China to deepen multilateral, bilateral economic, trade cooperation

    China will deepen multilateral and bilateral economic and trade cooperation, according to a government work report submitted Saturday to the national legislature for deliberation. The Regional Comprehensive Economic Partnership (RCEP) has created the largest free trade zone in the world. China wi...
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  • Fastener Distributor Index Shows Solid Rebound Despite Worse Optimism

    Sales saw a considerable jump in February, but continued strains on labor and pricing have distributors still concerned about the next six months. FCH Sourcing Network reported its Fastener Distributor Index (FDI) for the month of February on March 7, showing a considerable rebound one month afte...
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