News
-
China’s industrial profits maintain rapid growth in Q1 as production, sales improve
By Xinhuanet, Profits of China’s major industrial firms maintained fast expansion in the first quarter this year as the Chinese economy continued its recovery and enterprises’ production and sales further restored growth, official data showed Tuesday. Industrial firms with an annual b...Read more -
China adjusts tariffs on steel products
By Xinhuanet Share to: China will adjust tariffs on some steel products to lower import costs as part of efforts to push the industry’s upgrading and transformation. Starting on May 1, China will apply a provisional zero import tax rate on pig iron, crude steel, recycled steel raw materia...Read more -
China’s NEV sales surge in first two months
By Xinhuanet Sales of new energy vehicles (NEV) in China increased by 3.2 times year on year in the first two months amid the steady recovery of market demand, data from the China Association of Automobile Manufacturers showed Wednesday. In January and February, NEV sales amounted to 289,000 unit...Read more -
China’s industrial output up 35.1 pct in first two months
By Xinhuanet China’s value-added industrial output, an important economic indicator, went up 35.1 percent year on year in the first two months of 2021, data from the National Bureau of Statistics (NBS) showed Monday. The Jan.-Feb. output represented a 16.9 percent growth compared with the l...Read more -
China Remains Most Important Pillar Of Global Car Industry Report
The three major German carmakers Volkswagen, BMW and Daimler benefited to an “above-average extent” from the market recovery in China as their Q3 sales in China increased by nine percent compared to last year, EY noted. BERLIN, Dec. 23 (Xinhua) — The Chinese market once again pr...Read more -
China Adjusts Tariffs On Imported Commodities
China will adjust import tariffs on a range of products starting Jan. 1, 2021 to support fostering the new development paradigm and promoting high-quality development, according to the Customs Tariff Commission of the State Council. Provisional import tariffs that are lower than the most-favored...Read more -
China To Allow Steel Material Imports Next Year
Starting from 2021, China will allow the import of recycling iron and steel materials that meet the national standard since they do not constitute solid waste, authorities said. Strict requirements on import management of recycling iron and steel materials were stipulated, according to a notice ...Read more -
France Announces 8-Bln-Euro Plan To Rescue Ailing Car Industry
French President Emmanuel Macron on Tuesday unveiled an eight-billion-euro (8.78 billion U.S. dollars) rescue plan to help the recovery of the domestic auto industry hit hard by the anti-coronavirus lockdown. The plan focuses on the production of environmentally friendly vehicles. “The sta...Read more
