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News from China
China's industrial output up 5.4% in April
15th May 2019

 China's value-added industrial output, an important economic indicator, expanded 5.4 percent year on year in April, official data showed Wednesday.

 
The rate was down by 3.1 percentage points from March, but 0.1 percentage points faster than the first two months, the National Bureau of Statistics said in a statement.
 
In the first four months, industrial output increased 6.2 percent year on year, the same pace as that for the whole year of 2018.
 
China's value-added industrial output is used to measure the output of large companies each with annual main business revenue of more than 20 million yuan (about US$2.9 million).
 
 In a breakdown by ownership, the output of state-controlled enterprises went up 6 percent last month, joint-stock companies up 6.3 percent, and that of overseas-invested enterprises increased by 2.5 percent.
 
In April, the output of high-tech manufacturing sector surged 11.2 percent, more than doubled the pace of overall industrial output growth.
 
The production of new energy vehicles and microcomputers grew 17.1 percent and 16.6 percent, respectively.
 
Last month, the manufacturing purchasing managers' index stood at 50.1, staying above the boom-bust line of 50. 
 
Source: Shanghai Daily, May 15, 2019
Chinese apps gain popularity across Asia
13th May 2019

 Mobile payment, online shopping, entertainment, dining and beyond — Chinese apps have been catching on with consumers across Asia.

 
App Annie, an analyst firm, said Chinese apps for e-commerce, social media and leisure have gained strong growth in Asian countries, and their users have been expanding.
 
In 2018, the number of downloads of shopping apps grew 54 percent compared with the figure in 2017, the firm said.
 
These technologies have facilitated exchange and dialogue between nations in Asia. Beijing will host the Conference on Dialogue of Asian Civilizations from May 15 to 22.
 
In August 2018 during the Asian Games, Beijing-based ByteDance, known for its short video sharing app TikTok, called on its users to publish videos to pass on the spirit of the Asian Games.
 
Since TikTok was launched in 2017, its users have grown exponentially in countries such as Japan, Thailand and Indonesia, the company said.
 
In the field of mobile payment, Ant Financial has cooperated with Paytm in India, Kakao Pay in the Republic of Korea, DANA in Indonesia and Easypaisa in Pakistan to serve users in these Asian countries.
 
Ant Financial executive chairman Jing Xiandong said China's experiences in e-commerce and digital economy can be replicated in many countries along the Belt and Road.
 
The number of Asian users on Aliexpress, the global retail platform, has also expanded rapidly.
 
Company data shows that over 20 million buyers in central and southern Asia make purchases on the platform. Buyers in Kyrgyzstan grew fourfold in three years. They mainly buy clothing, consumer electronics and cosmetics, Aliexpress said.
 
Another Chinese firm Meituan-Dianping, which specializes in group buying of consumer products and food delivery services, covered 4.23 million businesses in 380 cities along the Belt and Road, according to figures by April 11, 2019.
 
The company has helped restaurant owners in popular tourist destinations in Asia to renovate and attract customers.
 
Source: Shanghai Daily, May 13, 2019
China's foreign trade up 4.3% in first 4 months
8th May 2019

 China's foreign trade of goods climbed 4.3 percent year on year in the first four months of this year to 9.51 trillion yuan (US$1.41 trillion), customs data showed Wednesday.

 
Exports increased by 5.7 percent year on year to 5.06 trillion yuan during this period, while imports went up by 2.9 percent to 4.45 trillion yuan, the General Administration of Customs said.
 
Trade surplus rose by 31.8 percent to 618.17 billion yuan during this period.
 
April trade expanded by 6.5 percent to reach 2.51 trillion yuan. Exports grew by 3.1 percent in yuan terms last month, while imports jumped by 10.3 percent, GAC data showed.
 
Trade surplus stood at 93.57 billion yuan in April, shrinking by 43.8 percent year on year.
Source: Shanghai Daily, May 8, 2019
China's foreign trade up 4.3% in first 4 months
8th May 2019

 China's foreign trade of goods climbed 4.3 percent year on year in the first four months of this year to 9.51 trillion yuan (US$1.41 trillion), customs data showed Wednesday.

 
Exports increased by 5.7 percent year on year to 5.06 trillion yuan during this period, while imports went up by 2.9 percent to 4.45 trillion yuan, the General Administration of Customs said.
 
Trade surplus rose by 31.8 percent to 618.17 billion yuan during this period.
 
April trade expanded by 6.5 percent to reach 2.51 trillion yuan. Exports grew by 3.1 percent in yuan terms last month, while imports jumped by 10.3 percent, GAC data showed.
 
Trade surplus stood at 93.57 billion yuan in April, shrinking by 43.8 percent year on year.
Source: Shanghai Daily, May 8, 2019

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