20220315 China News
Source: | Author:eacham | Published time: 2022-03-15 | 927 Views | Share:



01

China's leading liquor producer, Kweichow Moutai, reported rising revenue and profits in the first two months. The company's net profits attributable to shareholders surged 20 percent year on year to 10.2 billion yuan ($1.61 billion), said a statement the company filed with the Shanghai Stock Exchange.

 

02

China's coal market has seen growth in output since late February amid the country's efforts to stabilize production and ensure supply, the top economic planner said. The country's daily output of coal has maintained more than 12 million tonnes since late February, up 10 percent year on year, the National Development and Reform Commission said.

 

03

China's index of export container transport edged down in February, according to the Shanghai Shipping Exchange. The average China Containerized Freight Index (CCFI) went down 0.2 percent to 3,504.56 in the period, said the exchange.

 

04

The Chinese mainland on Saturday reported 1,807 locally transmitted COVID-19 cases, the National Health Commission said Sunday. Of the new local infections, 1,412 were reported in Jilin, 175 in Shandong, 62 in Guangdong, 39 in Shaanxi, 33 in Hebei, 23 in Jiangsu, and 17 in Tianjin. The rest of the cases were reported in 12 other provincial-level regions, the commission said in its daily report.

 

05

China is taking strict and swift measures to stem new COVID-19 infections that have emerged in multiple regions recently. The Chinese mainland on Saturday reported 1,807 locally transmitted COVID-19 cases in 19 provincial-level regions, the National Health Commission (NHC) said Sunday.


06

Despite the protracted pandemic and increasingly complex global environment, foreign companies are casting a vote of confidence in the Chinese economy as they continue to see opportunities amid the country's opening-up efforts. According to the 2022 China Business Climate Survey Report jointly released by the American Chamber of Commerce in China (AmCham China) and PwC, around 60 percent of the surveyed companies said they made profits in China in 2021, and two-thirds of them plan to increase their investment in China this year.


07

The proposed lowering of the deficit-to-GDP ratio to 2.8 percent for this year will make fiscal spending more sustainable, and will not weaken the country's intensity of fiscal spending, political advisers and experts said on Thursday.



Author: Producer Emilio Mendez

Speaker: Caroline Parraguez

Edition: EAcham


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