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

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

Contact us
Tel: +86 13903612274

News from China
Dull sentiment dents Shanghai’s new home sales
8th August 2017

 SALES of new houses in Shanghai fell notably in the first week of August, which also saw no single project launched.

The area of new homes sold, excluding government-subsidized affordable housing, dropped 30.4 percent to 108,000 square meters during the seven-day period ended Sunday, after hovering around 150,000 square meters for three consecutive weeks, Shanghai Centaline Property Consultants Co said in a report released yesterday.
The city’s outlying Qingpu District led with weekly transactions of 17,000 square meters, followed by Songjiang and Jiading districts which both sold around 12,000 square meters.
These new houses sold for an average 52,154 yuan (US$7,736) per square meter, a week-over-week gain of 8.3 percent, Centaline data showed.
“It was rare that three of the 10 most popular projects cost more than 70,000 yuan per square meter, with two of them even above the 100,000-yuan-per-square-meter threshold,” said Lu Wenxi, senior analyst at Centaline.
But still “no single development managed to record weekly sales of over 100 units, evidence of a really lackluster sentiment among home buyers,” Lu said.
One project in remote Fengxian District became the most sought-after development after selling 70 flats totaling 5,903 square meters for an average price of below 33,000 yuan per square meter. A Yanlord Land development in Pudong New Area sold 17 units for an average of 107,315 yuan per square meter, and a Shui On Land project in Hongkou District sold 11 apartments for an average of 110,799 yuan per square meter, both making into the Top 10 list, Centaline data showed.
No new project was launched locally last week unlike the previous seven-day period when 49,000 square meters of new supply were released.
Lu predicted that weakness will linger across the city over the next few weeks.
Source: Shanghai Daily, August 8, 2017
Huge Internet finance firms to be assessed
7th August 2017

 CHINA will explore methods to include large Internet financial businesses of systemic importance in its macro prudential assessment, said a central bank report issued late Friday.

The People’s Bank of China, the central bank, will improve its supervisory system and strengthen regulation of Internet businesses, let industry and local associations play a bigger role in supervision, and promote new technology, said the report on regional financial development.
Development of Internet finance has helped broaden the financial reach, improved efficiency of financial services, given Chinese more investment options, and helped some small businesses get badly needed loans.
The first peer-to-peer lending platform opened in 2007, and exploded in popularity, with the number of such platforms increasing 18-fold between 2012 and 2015 and the combined transaction volume jumping about 40 times over the period, said the State Information Center.
On top of P2P lending, Internet finance also covers third-party online payments, crowd funding and other financial services. As a result, risk in the Internet finance industry has wide repercussions.
Authorities have strengthened supervision on businesses such as P2P lending, Internet-based asset management and businesses spanning boundaries, third-party online payment, and advertisements of Internet financial services, the report said.
Since the start of this year, the PBOC has placed financial market practices under MPA for strict control of liquidity risks and maturity mismatch risks.
Source: Shanghai Daily, August 7, 2017
China’s SUV market set to expand slowly in 2017
4th August 2017

 CHINA’S sport-utility vehicle market is expected to post slower growth this year, according to estimates from the China Association of Automobile Manufacturers.

China’s sales of SUVs are set to hit 11 million this year, up 20 percent annually, according to the China Association of Automobile Manufacturers. This growth is a sharp slowdown from the 44 percent growth of the SUV sector last year.
“2017 will become a starting point for the slowing growth of sport-utility vehicles,” said Xu Changming, director of the Information Resource Department at the State Information Center. “Only companies with competitive SUV models can win market share.”
Sales of SUVs surged 16.8 percent to 4.53 million units in the first half of this year, data from CAAM showed. The growth rate is below the association’s prediction of 20 percent expansion this year.
While the growth of SUVs is slowing, domestic makers’ market share rose.
“Domestic manufacturers have contributed a lot to the growth of the SUV sector in the first half of this year,” said Shi Jianhua, deputy secretary-general of CAAM.
The market share of domestic vehicle makers took up 59.6 percent of the total SUV sector in the first six months, 3.6 percentage points higher compared with the same period last year, data from CAAM showed.
This development in the domestic vehicle sector is down to cost control measures and the introduction of new models into the market, Shi said.
“Domestic brands are still leading in market share and have the potential for further growth,” said Zhang Zhiyong, an independent auto analyst.
While the growth rate has slowed down, the market share of SUVs is climbing, which means more and more people are choosing these vehicles.
The market share of SUVs rose to 40.2 percent in the first half year, up from 16.7 percent in 2013, data from CAAM showed.
The rise is driven by rising demand from young and middle age buyers in third and fourth-tier cities in China, according to Shi.
Source: Shanghai Daily, August 4, 2017
BRICS trade ministers see fruitful results of meet
2nd August 2017

 BRICS countries have signed deals spanning trade, investment, intellectual property rights protection, and technical exchange to promote multilateral cooperation, China’s minister of commerce said yesterday on conclusion of the 7th Meeting of BRICS Trade Ministers in Shanghai.

Agreements were reached in facilitating trade, boosting investment, enhancing trade of services, e-commerce, and intellectual property rights protection, building a multilateral trading system, and strengthening economic and technical cooperation, said Zhong Shan, minister of commerce and chairman of the meeting.
“The meeting fully demonstrated the BRICS spirit of openness, inclusiveness, and win-win cooperation,” Zhong said. “It came up with remarkably fruitful results and laid a solid foundation on the trade and economic front for a successful BRICS Summit in Xiamen in September.”
Ministers have approved the establishment of the BRICS Model E-Port Network to improve trade efficiency among BRICS countries.
Under the initiative, members are encouraged to share information and experiences in building E-Ports and host dialogs and workshops to improve connectivity.
To expand trade of services, ministers approved a road map that will start from enhancing cooperation in tourism, education, and medical service sectors.
Zhong said BRICS countries have huge potential to expand the trade market as Brazil, Russia, India, China and South Africa accounted for a fourth of the global economy, although they only generated 11 percent of the world’s total trade of services.
E-commerce will also be boosted to bring more foreign products from BRICS countries to people’s tables.
Ministers approved the BRICS E-commerce cooperation initiative to help upgrade the e-commerce industry, create jobs, and lift small businesses into the global value chain.
Source: Shanghai Daily, August 3, 2017

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