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News from China
China's industrial output expansion beats expectations
15th May 2018

 

 
China's industrial output expanded 7 percent in April, increasing from the 6-percent rise in the previous month, official data showed on Tuesday.
 
The growth was higher than market expectations of around 6.4 percent for the period.
 
In the first four months, industrial output rose 6.9 percent, compared with the 6.8-percent gain in the first quarter, the National Bureau of Statistics said in a statement.
 
"China's economy maintained its trend of steady development in April," NBS spokesperson Liu Aihua said.
 
However, it is worth noticing that the economy faces growing external uncertainties and acute problems of unbalanced and inadequate domestic development, Liu added.
 
A breakdown of the data showed that the industrial structure continued to improve, with production in high-tech industries and the equipment manufacturing sector expanding by 11.8 percent and 10.3 percent, respectively, last month.
 
Output of new energy vehicles saw a surge of 82.2 percent year on year during the period, while industrial robot production jumped by 35.4 percent, NBS data showed.
 
Industrial output, officially called industrial value added, is used to measure the activity of designated large enterprises with annual turnover of at least 20 million yuan (US$3 million).
 
Output in the mining sector fell 0.2 percent year on year amid a government drive to restructure and optimize the industry.
 
China plans to cut ineffective steel capacity by 30 million tons and coal capacity by 150 million tons in 2018, according to a government work report released earlier this year.
 
Ownership analysis showed that industrial output of state-holding enterprises was up 7.7 percent, while industrial output of enterprises funded by overseas investors increased 6.8 percent.
 
NBS data also showed that China's retail sales of consumer goods grew 9.4 percent year on year to reach 2.85 trillion yuan in April.
 
China's fixed-asset investment rose 7 percent in the first four months of the year, down from 7.5 percent for January-March.
 
Source: Shanghai Daily, May 15, 2018
China aiming to deliver world's largest amphibious aircraft by 2022
14th May 2018

 The China-developed AG600 large amphibious aircraft is expected to be delivered to customers by 2022, says manufacturer the Aviation Industry Corporation of China.

 
"After its successful maiden flight in December last year, we are planning a ferry flight from its research base in Zhuhai to Jingmen, central China's Hubei Province, in July," said chief designer Huang Lingcai.
 
"Then, it will prepare for its first takeoff from water, scheduled for later this year," said Huang, also chief engineer of the AVIC General Aircraft Research Institute.
 
Its first takeoff from water will take place at a large reservoir in Jingmen.
 
Designed to be the world's largest amphibious aircraft, the AG600 will be mainly used for maritime rescue, fighting forest fires and marine monitoring, according to state-owned aviation giant AVIC.
 
Codenamed Kunlong, the AG600 is undergoing test flights in Zhuhai, a coastal city in south China's Guangdong Province.
 
With a range of up to 4,500 kilometers, it is designed to be capable of takeoff and landing in 2-meter waves.
 
"We are endeavoring to get the airworthiness certification from the civil aviation authorities by 2021, and deliver it to the customers by 2022," said Huang.
Source: Shanghai Daily, May 14, 2018
China aiming to deliver world's largest amphibious aircraft by 2022
14th May 2018

 The China-developed AG600 large amphibious aircraft is expected to be delivered to customers by 2022, says manufacturer the Aviation Industry Corporation of China.

 
"After its successful maiden flight in December last year, we are planning a ferry flight from its research base in Zhuhai to Jingmen, central China's Hubei Province, in July," said chief designer Huang Lingcai.
 
"Then, it will prepare for its first takeoff from water, scheduled for later this year," said Huang, also chief engineer of the AVIC General Aircraft Research Institute.
 
Its first takeoff from water will take place at a large reservoir in Jingmen.
 
Designed to be the world's largest amphibious aircraft, the AG600 will be mainly used for maritime rescue, fighting forest fires and marine monitoring, according to state-owned aviation giant AVIC.
 
Codenamed Kunlong, the AG600 is undergoing test flights in Zhuhai, a coastal city in south China's Guangdong Province.
 
With a range of up to 4,500 kilometers, it is designed to be capable of takeoff and landing in 2-meter waves.
 
"We are endeavoring to get the airworthiness certification from the civil aviation authorities by 2021, and deliver it to the customers by 2022," said Huang.
Source: Shanghai Daily, May 14, 2018
China's CPI grows 1.8% in April
10th May 2018

 China's consumer price index, a main gauge of inflation, posted a milder increase in April due to falling food prices, official data showed Thursday.

 
The CPI rose 1.8 percent year-on-year last month, compared with 2.1 percent for March, according to the National Bureau of Statistics.
 
On a month-on-month basis, the CPI edged down 0.2 percent.
 
Lower food prices were "the major reason" for the CPI decline from March, said NBS statistician Sheng Guoqing.
 
Food prices slipped 1.9 percent month-on-month and climbed only 0.7 percent year on year.
 
The price of pork, China's staple meat, slumped 16.1 percent year on year, dragging down CPI growth by 0.43 percentage points. It fell 6.6 percent month on month.
 
Non-food prices rose 2.1 percent from the same period of last year and 0.2 percent from March.
 
China aims to keep annual CPI growth at around 3 percent this year, the same as the target for 2017.
 
Source: Xinhua   Editor: Wang Qingchu
 
Source: Shanghai Daily, May 10, 2018

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