- China imported 211,000 tons of cotton in June, down 16.4 per cent year-on-year and down 12.1 per cent month-on-month, the General Administration of Customs reported.
- The China Petroleum and Chemical Industry Association (CPCIA) said that consumption of refined products including gasoline, diesel and kerosene rose 14.6 per cent to 106 million tonnes, while crude oil use rose 6.3 per cent to 183.3 million tonnes.
- There were 169 merger and acquisition (M&A) deals in China in the second quarter, up 225 per cent from the first quarter, according to a report released by investment research firm ChinaVenture. Of these 169 deals, 129 disclosed the value, which totaled $15.5 billion, up 137 percent.
- The capital's power supply capability increased 124 per cent from 2001, the Beijing Municipal Energy and
Economic Operation said in a statement. The city has invested more than
RMB60 bn to improve its energy
infrastructure since it won the bid to host the 2008 Olympic Games.
- The government has approved the World Bank's USD5.44 bn lending
agenda for China for 2009-11, the National
Development and Reform Commission said in a statement. The World Bank lending
package will cover 41 projects in the next three years.
- Investments by companies from the Hong Kong Special Administrative Region almost doubled in value from a year earlier, the
Ministry of Commerce said. From January to June, the Chinese mainland approved the
establishment of 6,900 Hong Kong-invested projects, down 8.2 per cent
year-on-year, but investment used soared 94.5 percent to USD23.39 bn, state media reports.
- China's Ministry of Finance announced it would
float RMB46 bn of treasury bonds in the next 20
days. This includes RMB26 bn of book-entry T-bonds and RMB20 bn in certificate T-bonds.
- The sales revenue of China's centrally-administered State-owned
enterprises (SOEs) jumped 25.7 per cent to RMB5.77 tr in the first half of 2008, the State assets regulator said.
- The Agricultural Development Bank of China (ADBC) offered loans of
RMB49.8 bn for rural infrastructure in the first
half of 2008, the bank in a statement. The loans covered 574 road,
farming, irrigation, water, energy and environmental protection
projects.
- 253 million Chinese log on to the Internet regularly,
making the country the largest web-user market, China Internet Network
Information Center (CNNIC) said Thursday.
Last update : Sunday, 03 August 2008
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