20200901 China News
Source: | Author:eacham | Published time: 2020-09-01 | 950 Views | Share:

Beijing's foreign trade dropped 18.7 percent year-on-year to 1.32 trillion yuan ($192 billion) in the first seven months of 2020, local customs said Friday.

South China's metropolis of Shenzhen saw foreign trade grow 13.5 percent year-on-year to 275.2 billion yuan ($40 billion) in July, local customs said. The July growth is 4.6 percentage points higher than that for June, Shenzhen Customs said.

The already fierce competition among Chinese cities will intensify further in the future, and the winners will be decided by their business environments, as the State Council, China's Cabinet, has issued a guideline recently to further improve the country's market conditions so as to serve companies better.

China's leading heavy equipment manufacturer Sany Heavy Industry Co Ltd reported significant profit growth in the first half (H1) of 2020. Net profit attributable to its shareholders hit 8.47 billion yuan ($1.23 billion) in H1, up 25.48 percent year-on-year, according to its semi-annual financial report.

China's leading heavy equipment manufacturer Sany Heavy Industry Co Ltd reported significant profit growth in the first half (H1) of 2020. Net profit attributable to its shareholders hit 8.47 billion yuan ($1.23 billion) in H1, up 25.48 percent year-on-year, according to its semi-annual financial report.

Chinese telecom equipment maker ZTE saw surges in both operating revenue and net profit in the first half-year despite the challenges posed by the COVID-19 pandemic.

China has started anti-dumping investigations into wines imported from Australia and the same is being conducted in accordance with legal procedures, the Ministry of Commerce said on Thursday.



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