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
French president calls for cooperation with China on multilateralism
24th January 2019

 French President Emmanuel Macron said on Wednesday that France is willing to strengthen communication and coordination with China in international affairs and to work together to safeguard multilateralism.

 
Macron made the remarks in talks with Chinese State Councilor and Foreign Minister Wang Yi at the Elysee Palace.
 
Macron asked Wang to convey his sincere greetings to Chinese President Xi Jinping.
 
France attaches great importance to France-China relations, and hopes to seize the opportunity of the 55th anniversary of the establishment of bilateral diplomatic relations to promote high-level exchanges between the two sides, deepen mutual cooperation in such areas as economy, trade, investment, nuclear energy as well as aerospace, and strengthen cultural, educational and youth exchanges, said Macron.
 
Chinese companies are welcomed in France, he added.
 
Wang conveyed Xi's cordial greetings to Macron.
 
Wang said ever since Macron's visit to China more than a year ago, consensuses reached between the two heads of state have been steadily implemented and cooperation in various fields has yielded positive results, demonstrating the highness of the comprehensive strategic partnership between China and France as well as the great potential of bilateral cooperation.
 
In 2019, China and France will celebrate the 55th anniversary of the establishment of diplomatic relations between the two countries, said Wang, adding that China is willing to strengthen high-level exchanges between the two sides, and deepen cooperation in areas of nuclear energy and innovation, as well as within the framework of the Belt and Road Initiative.
 
China is also ready to strengthen communication and cooperation with France on multilateral issues such as climate change, and to safeguard the current international system that has the United Nations at its core, so as to enrich the China-France comprehensive strategic partnership, said Wang.
 
China's door will open wider, Wang stressed, adding that China is willing to provide a sound investment environment for all foreign companies including those from France.
 
Wang arrived in Paris on Wednesday to hold the 18th consultation of the coordinators for the China-France Strategic Dialogue with the French president's diplomatic advisor Philippe Etienne.
 
Source: Shanghai Daily, January 24, 2019
City saw steady growth in 2018, but autos weigh
23rd January 2019
Shanghai's economy grew steadily in 2018 expanding 6.6 percent from a year earlier to 3.27 trillion yuan (US$480.2 billion), the Shanghai Statistics Bureau said yesterday.
 
The city’s GDP growth cooled from 6.9 percent in 2017 but still remained within the expected range. The pace was the same as the overall national figure released on Monday.
 
“The city’s economic conditions in 2018 remained steady generally,” Tang Huihao, deputy director of the bureau, told reporters yesterday.
 
“The data showed the city’s trend of strong economic dynamism and resilience and its higher quality of economic development.”
 
The services sector led growth with an increase of 8.7 percent to 2.28 trillion yuan, accounting for 69.9 percent of the city’s GDP — 0.7 percentage points higher than the year before. The manufacturing sector rose 1.8 percent while agricultural industries fell 6.9 percent.
 
Value-added industrial output, an important economic indicator, rose 1.9 percent to 869.49 billion yuan, retreating from the rapid growth of 6.4 percent in 2017.
 
The city’s overall industrial output of designated large enterprises — with annual turnover of at least 20 million yuan — edged up 1.3 percent to 3.28 trillion yuan, far slower than the 6.8 percent growth in 2017.
 
Tang pointed out that the slowdown was mainly due to the cooling automobile industry which played a significantly less supportive role in industrial growth.
 
“Since the second half of 2018, under the increasing downward pressure on the macro-economy and the suspension of preferential purchase tax policies, passenger car production and sales continued to weaken. The city’s auto manufacturing growth rate dropped significantly, becoming the main reason for the slower industrial output growth,” Tang said.
 
Of the city’s six key industrial sectors, complete equipment manufacturing rose 4.8 percent year on year and biomedical production jumped 9.8 percent. The output of the automobile manufacturing and electronic information products manufacturing sectors also rose, up 0.8 percent and 1.9 percent.
 
High-quality steel manufacturing and petrochemical and fine chemicals, however, posted declines in outputs by 6.5 percent and 1.5 percent respectively from the previous year.
 
The output of strategic emerging manufacturing industries rose 3.8 percent to 1.06 trillion yuan, 2.4 percentage points faster than the pace of the city’s overall industrial output.
 
Biology jumped 9.8 percent, new generation Internet technology rose 5.8 percent and high-end equipment production increased 5.7 percent.
 
New-energy automobiles, new energy, and energy conservation and environmental protection were up by 5.4 percent, 2.5 percent and 2.1 percent respectively, as the government focuses more on environmental issues, Tang said.
 
The city’s total imports and export of goods in 2018 rose 5.5 percent from the year before to 3.4 trillion yuan. In particular, exports increased 4.2 percent and imports advanced 6.4 percent, the bureau said.
 
Fixed-asset investment rose 5.2 percent year on year, down 2.1 percentage points from 2017.
 
Private investment grew 8.6 percent to account for 38.7 percent of total FAI.
 
Source: Shanghai Daily, January 23, 2019
IMF again cuts growth outlook on trade tensions and a weak Europe
22nd January 2019

 The International Monetary Fund yesterday cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy.

 
In its second downgrade in three months, the global lender predicted the global economy would grow at 3.5 percent in 2019 and 3.6 percent in 2020, down 0.2 and 0.1 percentage points respectively from last October’s forecasts.
 
The new forecasts, released ahead of this week’s gathering of world leaders and business executives in the Swiss ski resort of Davos, show that policy-makers may need to come up with plans to deal with an end to years of solid global growth.
 
“Risks to global growth tilt to the downside. An escalation of trade tensions beyond those already incorporated in the forecast remains a key source of risk to the outlook,” the IMF said in an update to its World Economic Outlook report.
 
“Higher trade policy uncertainty and concerns over escalation and retaliation would lower business investment, disrupt supply chains and slow productivity growth. The resulting depressed outlook for corporate profitability could dent financial market sentiment and further dampen growth.”
 
The downgrades reflected signs of weakness in Europe.
 
Growth in the euro zone is set to moderate from 1.8 percent in 2018 to 1.6 percent in 2019, 0.3 percentage points lower than projected three months ago, the IMF said.
 
The IMF also cut its 2019 growth forecast for developing countries to 4.5 percent, down 0.2 percentage points from the previous projection and a slowdown from 4.7 percent in 2018.
 
“Emerging market and developing economies have been tested by difficult external conditions over the past few months amid trade tensions, rising US interest rates, dollar appreciation, capital outflows, and volatile oil prices,” the IMF said.
 
The IMF maintained its US growth projections of 2.5 percent this year and 1.8 percent in 2020, pointing to continued strength in domestic demand.
 
It also kept its China growth forecast at 6.2 percent in both 2019 and 2020.
 
Britain is expected to achieve 1.5 percent growth this year though there is uncertainty over the projection, which is based on the assumption of an orderly exit from the EU, the IMF said.
 
The rare bright spot was Japan, with the IMF revising up its forecast by 0.2 percentage points to 1.1 percent this year due to an expected boost from the government’s spending measures, which aim to offset a scheduled sales-tax hike in October.
 
The IMF has been urging policy-makers to carry out structural reforms while the global economy enjoys solid growth. However, as risks to the outlook rise, policy-makers must now focus on policies to prevent further slowdowns, the IMF said
 
Source: Shanghai Daily, January 22, 2019
IMF again cuts growth outlook on trade tensions and a weak Europe
22nd January 2019

 The International Monetary Fund yesterday cut its world economic growth forecasts for 2019 and 2020, due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabilize a slowing global economy.

 
In its second downgrade in three months, the global lender predicted the global economy would grow at 3.5 percent in 2019 and 3.6 percent in 2020, down 0.2 and 0.1 percentage points respectively from last October’s forecasts.
 
The new forecasts, released ahead of this week’s gathering of world leaders and business executives in the Swiss ski resort of Davos, show that policy-makers may need to come up with plans to deal with an end to years of solid global growth.
 
“Risks to global growth tilt to the downside. An escalation of trade tensions beyond those already incorporated in the forecast remains a key source of risk to the outlook,” the IMF said in an update to its World Economic Outlook report.
 
“Higher trade policy uncertainty and concerns over escalation and retaliation would lower business investment, disrupt supply chains and slow productivity growth. The resulting depressed outlook for corporate profitability could dent financial market sentiment and further dampen growth.”
 
The downgrades reflected signs of weakness in Europe.
 
Growth in the euro zone is set to moderate from 1.8 percent in 2018 to 1.6 percent in 2019, 0.3 percentage points lower than projected three months ago, the IMF said.
 
The IMF also cut its 2019 growth forecast for developing countries to 4.5 percent, down 0.2 percentage points from the previous projection and a slowdown from 4.7 percent in 2018.
 
“Emerging market and developing economies have been tested by difficult external conditions over the past few months amid trade tensions, rising US interest rates, dollar appreciation, capital outflows, and volatile oil prices,” the IMF said.
 
The IMF maintained its US growth projections of 2.5 percent this year and 1.8 percent in 2020, pointing to continued strength in domestic demand.
 
It also kept its China growth forecast at 6.2 percent in both 2019 and 2020.
 
Britain is expected to achieve 1.5 percent growth this year though there is uncertainty over the projection, which is based on the assumption of an orderly exit from the EU, the IMF said.
 
The rare bright spot was Japan, with the IMF revising up its forecast by 0.2 percentage points to 1.1 percent this year due to an expected boost from the government’s spending measures, which aim to offset a scheduled sales-tax hike in October.
 
The IMF has been urging policy-makers to carry out structural reforms while the global economy enjoys solid growth. However, as risks to the outlook rise, policy-makers must now focus on policies to prevent further slowdowns, the IMF said
 
Source: Shanghai Daily, January 22, 2019

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 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226