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News from China
China's online retail rose 48.7 pct in H1 2015
16th September 2015

 China's online retail sales continue to show strong momentum, growing 48.7 percent during the first half this year, China e-Business Research Center (CECRC) said Tuesday.

 
Online retail sales hit 1.6 trillion yuan (250 billion U.S. dollars), 11.4 percent of total retail sales in China. The number of online shoppers rose 19.1 percent to 417 million, said the Hangzhou-based e-commerce tracker.
 
Cross-border e-commerce has become a new driver of retail sales as online retailers connect domestic consumers with an increasing number of overseas brands, according to CECRC analyst Mo Daiqing
 
Alibaba's online marketplace Tmall continues to dominate China's online business-to-consumer market, with 57.7 percent of the market. Its rival JD.com comes in second, at 25.1 percent, followed by a distant third by Sunning.com, at 3.4 percent.
 
CECRC also noted that more transactions are being made on mobile Internet as online retailers move to encourage consumers to shop with their mobile apps on smartphones and tablets.
 
Robust online sales also boosted the revenue of China's courier services by 33.2 percent during the same period, to 120 billion yuan. CECRC estimates revenue will top 290 billion for the whole year.
 
China's rural areas, Mo said, have emerged as the next source of growth for retail sales and online retailers are seeking deeper integration with offline retailers.
Source: Xinhua
China economic planner highlights investment to support growth
15th September 2015

China's top economic planner on Monday laid out fresh measures aimed to increase investment.

 
Xu Shaoshi, head of the National Development and Reform Commission (NDRC) told a press conference that funding for targeted projects would be increased and the commission would encourage more cooperation between government and private capital. More powers will be delegated to lower levels and the funding mechanism will be improved to push more capital into the real economy.
 
Xu stressed that considerable uncertainty still surrounds the economy. China is battling a property downturn, industrial overcapacity, sluggish demand and weak exports, which dragged growth down to 7 percent for the first half of the year. The government is pinning hopes on infrastructure investment to shore up growth.
 
In the first 8 months, investment in infrastructure rose 18.4 percent year on year, contributing to 27.7 percent of the overall investment. 
Source: Xinhua
China's Jan.-Aug. fixed-asset investment up 10.9 pct
14th September 2015

China's fixed-asset investment grew 10.9 percent year on year to 33.9 trillion yuan (5.32 trillion U.S. dollars) in the first eight months, official data showed.

Growth retreated from the 11.2 percent registered in the first seven months, the National Bureau of Statistics (NBS) said on Sunday.
Wang Baobin, an NBS statistician, attributed the month-on-month decrease to slumping investment growth in the property and manufacturing sectors.
 
Despite the decrease in growth rate, the industrial structure has improved, Wang said.
 
Investment in high energy consumption manufacturing rose only 2.1 percent year on year in the first eight months, about 6.8 percentage points lower than the growth rate for investment in the overall manufacturing sector, Wang said.
 
More money has been flowing to high-tech sectors. Investment in high-tech sectors totaled 1.96 trillion yuan in the first eight months, up 16 percent year on year, and the growth rate was 5.1 percentage points higher than the overall investment growth rate, Wang said.
 
The calculation does not include fixed-asset investment by farmers. It includes projects with investment of at least 5 million yuan, as well as all property development projects.
 
Fixed-asset investment in the tertiary industry increased 11.9 percent from a year ago, while that in infrastructure jumped 18.4 percent. Agricultural investment was up 28.5 percent to reach 938.9 billion yuan.
Source: Xinhua
Hong Kong-Guangdong Cooperation eyes on FTZ, Belt and Road initiative
11th September 2015

Developing the free trade zone and tapping opportunities brought by the "Belt and Road" initiative was top of the agenda at the 18th Hong Kong-Guangdong Cooperation Joint Conference in Hong Kong.

 
During the meeting, Zhu Xiaodan, governor of Guangdong Province, said the region's newly formed Free Trade Zone would open to Hong Kong companies and investors. He also said the "Belt and Road" development initiatives provides ample opportunities to deepen bilateral cooperation.
 
That view is shared by Chief Executive of the Hong Kong Special Administrative Region Leung Chun-ying. He said Hong Kong highly values cooperation with Guangdong, and wants to make joint efforts to unleash opportunities in the coming decades.
 
There were also five cooperative agreements signed on education, food safety, e-commerce, intellectual property and joint rescue coordination.
Source: Xinhuanet

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