equipment
chinese machinary      chinese equipment      
Main page | News | Guestbook | Contact us
Русская версия

Products:
Mini-factories
Transport
Equipment
Instruments
Food products
Building materials
Leisure and garden inventory
Medicine and public health
Gas and gas equipment
Oil equipment
Chinese Silk
Underwear, T-shirts
Various production line by Customers order
Silver coins
SERVICES
Safety
ABOUT US

Contact us
Tel: +86 13903612274
Email: mega@asia-business.biz

News from China
US Fed leaves interest rates unchanged amid trade concerns
2nd August 2018

 The US Federal Reserve on Wednesday left key interest rates unchanged amid concerns about trade tensions between the United States and its trading partners.

 
The Fed decided to maintain the target range for the federal funds rate at 1.75 to 2 percent, the central bank said in a statement after concluding a two-day policy meeting.
 
The Fed noted that the US labor market "has continued to strengthen" and the economic activity "has been rising at a strong rate" since policymakers met in June.
 
"On a 12-month basis, both overall inflation and inflation for items other than food and energy remain near 2 percent," the Fed said, showing its confidence that US inflation will move toward its target of 2 percent.
 
The Fed's meeting came after manufacturers across the United States had expressed heightened concerns that the Trump administration's new tariffs would raise prices and disrupt the supply chains.
 
"Manufacturers in all Districts expressed concern about tariffs and in many Districts reported higher prices and supply disruptions that they attributed to the new trade policies," the Fed said last month in its latest survey on economic conditions, known as the Beige Book.
 
The Trump administration has imposed high tariffs on imported steel and aluminum products on the grounds of national security, provoking strong opposition from the domestic business community and retaliatory measures from US trading partners.
 
"If this process leads to a world of higher tariffs on a wide range of goods and services that are traded, and those are sustained for longer period of time...that will be bad for our economy," Fed Chairman Jerome Powell told lawmakers last month.
 
Powell said concerns about the Trump administration's trade policy "may well" have an impact on US wages and capital expenditures, though it hasn't shown up in the numbers yet.
 
"We've heard a rising chorus of concern which now begins to speak of actual capex (capital expenditure) plans being put on ice for the time being," he said.
 
But Powell believed that it was too early to say how trade policy would influence the Fed's monetary policy as it is "difficult to predict" the ultimate outcome of current discussions over trade policy as well as the size and timing of the economic effects of the fiscal stimulus.
 
For now, "the best way forward" for the central bank is to keep gradually raising the federal funds rate, he argued.
 
The Fed in June increased interest rates for the second time this year, and penciled in two more rate hikes for the year. Most market participants expected the central bank to raise rates again in September and December.
 
Source: Shanghai Daily, August 2, 2018
China to focus on stable growth in second half
1st August 2018

 China will keep its economy on a stable and healthy development track with a proactive fiscal policy and prudent monetary policy in the second half of 2018, according to a meeting of the Political Bureau of the Communist Party of China Central Committee yesterday.

 
The meeting, presided over by Xi Jinping, general secretary of the CPC Central Committee, stressed that China will maintain the basic tone of “seeking progress while maintaining stability” for its economic work and allow the economy to continue to perform within a reasonable range.
 
Efforts should be made to push supply-side structural reform and win the “three tough battles,” according to a statement released after the meeting.
 
China’s economy has maintained steady growth with good momentum in the first half, according to the statement.
 
However, the economy still faces some new challenges and the external environment has changed notably. China should focus on the “principal contradiction” and take targeted measures to solve it, the statement said.
 
The country will continue to implement a proactive fiscal policy and prudent monetary policy while making policies more forward-looking, flexible and effective. Fiscal policy should play a bigger role in expanding domestic demand and structural adjustments. China will maintain control over the floodgates of monetary supply and keep liquidity at a reasonable and ample level.
 
Efforts should be made to keep employment, the financial sector, foreign trade, foreign and domestic investments, and expectations stable.
 
The legitimate rights of foreign-funded companies in China will be protected, according to the statement.
 
The country should take strengthening areas of weakness as an important task in deepening supply-side structural reform, with intensified efforts to be made in improving infrastructure.
 
Work should also be done to improve innovation capability, develop new engines of growth, eliminate institutional barriers for cutting excessive capacity, and lower the cost for companies.
 
The strategy of rural revitalization should be well implemented.
 
“China must better combine the task of forestalling and defusing financial risks with serving the real economy,” the statement said.
 
To that end, the country should stand firm on reducing the leverage ratio, ensure the proper policy intensity and tempo, and coordinate the timing of unveiling new policies.
 
“Through innovation of mechanisms, China must raise the capacity and willingness of financial institutions to serve the real economy,” the statement said.
 
The meeting called for pressing ahead with reform and opening-up and continuing to roll out major effective reform measures. Major policies of expanding opening-up and significantly relaxing market access should be implemented, and the joint construction of the Belt and Road should be advanced in depth. Efforts should be made to make China’s first import expo, China International Import Expo, successful.
Source: Shanghai Daily, August 1, 2018
China's factory activity expands at slower rate in July
31st July 2018

 The purchasing managers' index for China's manufacturing sector came in at 51.2 this month, down from 51.5 in June, the National Bureau of Statistics said on Tuesday.

 
Activities of the country's non-manufacturing sector also expanded at a slower pace in July, with its PMI standing at 54, compared with 55 in June.
 
Though PMIs for both sectors dropped compared with the previous month, they still pointed to steady expansion as a reading above 50 indicates expansion, while a reading below reflects contraction.
 
The PMI for the manufacturing sector remained above 51 for five consecutive months while that for the non-manufacturing sector maintained at or above 54 for 11 months in a row.
 
The general PMI output index for July reached 53.6, down from 54.4 in June, indicating steady but slower production and operation activity expansion for the country's enterprises.
 
NBS senior statistician Zhao Qinghe attributed the slight drops in July's PMI figures to bad weather conditions, escalating trade tensions and a slack season for some sectors.
Source: Shanghai Daily, July 31, 2018
China eliminated 21 billion paper courier waybills in 2017 as the country's delivery services became
30th July 2018

 The whole courier delivery sector used about 40.06 billion waybills last year, with digital waybills accounting for about 80 percent, according to an industry report.

 
The digital waybills only require one small piece of paper, while traditional versions might use four to five pieces.
 
The courier sector also saved 6.4 billion meters of tape and 400 million big plastic bags for transit purposes.
 
To reduce emissions, about 13,000 new energy vehicles had been put into operation by express delivery firms by the end of June.
 
The State Post Bureau has been pushing the courier sector's green growth and it aims to reduce the sector's energy consumption by 50 percent in 2020 from the current level.China eliminated 21 billion paper courier waybills in 2017 as the country's delivery services became more environmentally friendly.
 
The whole courier delivery sector used about 40.06 billion waybills last year, with digital waybills accounting for about 80 percent, according to an industry report.
 
The digital waybills only require one small piece of paper, while traditional versions might use four to five pieces.
 
The courier sector also saved 6.4 billion meters of tape and 400 million big plastic bags for transit purposes.
 
To reduce emissions, about 13,000 new energy vehicles had been put into operation by express delivery firms by the end of June.
 
The State Post Bureau has been pushing the courier sector's green growth and it aims to reduce the sector's energy consumption by 50 percent in 2020 from the current level.
Source: Shanghai Daily, July 30, 2018

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186