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BUSINESS CNEA Expo Set to Enhance Regional Trade What’S News Sinopec Ranks Second Agriculture and Rural Affairs

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BUSINESS CNEA Expo Set to Enhance Regional Trade What’S News Sinopec Ranks Second Agriculture and Rural Affairs 14 | Tuesday,CHINA July 23, DAILY 2019 | HONG KONG EDITION Friday, December 7, 2018 ANNOUNCEMENTHONG KONG EDITION | CHINA DAILY | A1 BUSINESS CNEA Expo set to enhance regional trade What’s news Sinopec ranks second Agriculture and Rural Affairs. on Fortune Global 500 Imports increased by 14.1 percent to By REN XIAOJIN 416.37 billion yuan, with that from [email protected] Fortune on Monday unveiled the Brazil, ASEAN, the European Union Global 500 list for this year, with Wal- and Australia seeing fast expansion. The 12th China Northeast Asia mart in the top spot for the sixth con- Farm produce exports went up by 4.1 Expo to be held in August will give a secutive year, followed by China percent to 207.59 billion yuan, with powerful impetus to the country’s Petrochemical Corp, or Sinopec, in more exports of Chinese tea both in northeastern region and bolster its second place, Shell in third, China terms of volume and value, the minis- trade and economic relations with National Petroleum Corp in fourth try said. neighboring countries, the Ministry and State Grid Corp of China the fifth of Commerce said on Monday. The placed. A total of 129 Chinese compa- Central bank injects expo will be held in Changchun, Jil- nies are among the Global 500 this in province, from Aug 23 to 27. year, which surpassed 121 from the liquidity into market “China is the biggest trading United States for the first time. Com- China’s central bank on Monday partners of five Northeast Asian pared with last year’s list, a total of 25 pumped cash into the financial sys- countries, while Japan and South companies, including 13 from China, tem through open market opera- Korea are China’s second and third were newly listed. They include Chi- tions to maintain liquidity in the largest trading partners,” said Li na Development Bank, CRRC Corp market. The People’s Bank of China Chenggang, assistant minister of Ltd, Tsingshan Holding Group, Jin- conducted 50 billion yuan ($7.27 bil- commerce. chuan Group Co Ltd, Gree Electric lion) of seven-day reverse repos, a “In 2018, the bilateral trade vol- Appliances Inc, Anhui Conch Group liquidity-injecting process in which ume of China-Japan and China- Co Ltd, Huaxia Life Insurance Co Ltd the central bank purchases securi- South Korea both topped $300 and Xiaomi Corp. As a leading ties from commercial banks through billion, while the volume with Rus- smartphone maker in China, Xiaomi bidding, with an agreement to sell sia topped $100 billion.” was listed for the first time and thus them back in the future. The interest In 2018, China’s trade with five became the youngest firm among the rate for the operation stood at 2.55 countries in the region totaled Visitors check out an industrial robot at the 11th China Northeast Asia Expo in Changchun, capital of 500, with a ranking of 468th. percent, a central bank statement about $758.57 billion, accounting Jilin province. PROVIDED TO CHINA DAILY showed. for nearly a quarter of China’s total CNOOC inks deal with foreign trade. Cao Yuanmeng, an official with Officials said the expo will feature unilateral actions by other nations, Abu Dhabi National Oil Renminbi weakens Ministry data showed the invest- the National Development and the 5G industry in the northeastern weak investment and unstable ment in Northeast Asian countries Reform Commission, said the region as a number of leading com- financial markets, countries in China National Offshore Oil Corp, against greenback has also seen steady growth. From country’s northeast is going panies such as Huawei and Zhong- Northeast Asia are having difficul- China’s largest producer of offshore The central parity rate of the renmin- January to May, China has invested through the key phase of revitaliza- xing Telecommunication Equipment ties boosting exports and creating oil and gas, signed a strategic frame- bi, or the yuan, weakened 124 basis $210 million in Russia, up 20.1 per- tion, and NDRC will fully use the Corporation among others will be jobs even though many have work agreement with the Abu Dhabi points to 6.8759 against the US dollar cent year-on-year, $88.68 million in platform provided through the showcasing their cutting-edge equip- mature manufacturing systems National Oil Co to explore new on Monday, according to the China South Korea, an increase of 73.1 expo to maximize the advantage of ment during the expo. and strong domestic purchasing opportunities for collaboration in Foreign Exchange Trade System. In percent year-on-year, and $68.2 its coastal and border location to Zhu Tianshu, vice-governor of power to mitigate risks, said Huo both the upstream and downstream China’s spot foreign exchange mar- million in Mongolia, 67.1 percent push the progress of opening-up Jilin, said the province has been Jianguo, vice-chairman of the Chi- sectors as well as in LNG on Mon- ket, the yuan is allowed to rise or fall higher compared to the same peri- the country’s economy. seizing the opportunity brought na Society for WTO Studies. day. The two sides have also agreed by 2 percent from the central parity od last year. Cao said the region has been about by the flourishing 5G indus- “China, Japan and South Korea to share knowledge, practices and rate each trading day. “The China Northeast Asia Expo improving its business environ- try and expects the technology to should speed up the negotiation latest proven technologies in the is an important measure the Chi- ment for foreign investment, which spur its economy. pace of the free trade agreement and area of ultra-sour gas development Minsheng Bank gets nod nese government adopts to pro- has yielded fruitful results last year. He said future work will focus on boost other investment activities. to improve operational efficiency in mote bilateral and regional This included the launch of the 13 pushing the infrastructure of 5G, Developing combined transport by sour gas processing and treatment, for preference shares cooperation and a significant plat- billion yuan ($1.89 billion) FAW- highlighting the application of 5G rail and sea, road passages and other delivering efficiency, as well as to China Minsheng Bank has gained form for countries to seek econom- Volkswagen Audi Q plant in Chang- technology in the automobile infrastructure is practical to estab- improve field and reservoir develop- approval to issue no more than 200 ic and trade cooperation to aim for chun, the $5.5 billion factory of industry, and enhancing coopera- lish a flexible transportation net- ment plans. The two oil and gas million preference shares in the a win-win,” Li said, adding it will Intel in Dalian and the 30 billion tion with global companies. work throughout the Northeast Asia giants vow to further explore poten- domestic market. The China Bank- further boost the economy of yuan plant of BMW Brilliance Auto- As the world economy still faces region to improve and diversify tial opportunities in offshore oil and ing and Insurance Regulatory Com- Northeast China. mobile in Shenyang. uncertainties and challenges from regional economic growth,” he said. gas field assets in Abu Dhabi. mission has approved the bank’s non-public issuance plan, which will Guangdong exports be completed within 24 months since the approval and the initial 300 used vehicles issuance will be no less than 100 Bloomage to build hyaluronic acid production facility South China’s Guangdong province million shares, according to a state- has reported the export of 300 sec- ment the bank filed to the Shanghai By YANG CHENG in Tianjin the Forbidden City. state-of-the-art homegrown tech- ond-hand vehicles, signaling the first Stock Exchange. The lender said it [email protected] The company is planning to go nologies. batch of used-car exports in the coun- will follow through with other appli- try, according to the Ministry of Com- HA has seen public so exact figures for the first “However, HA has seen wide- cation procedures with regulators Tianjin-based Bloomage Biotech half has not been released per dis- spread application on eye and bone merce. These vehicles, involving a and submit information disclosures is expected to break ground on a widespread closure rules. disease treatment, skin care and total value of $2.5 million, are expect- as required by law. facility to produce hyaluronic acid application on eye It has applied for 95 patents in plastic surgery, while its applica- ed to soon complete customs clear- (HA) used by dermatologists to China and obtained 21 qualifications tion in China still has a great gap in ance and to be exported to Cambodia, Australian wine exports and bone disease Nigeria, Myanmar and Russia, said keep the skin looking vibrant and to produce in other countries, said research and clinical use compared rise in value terms young and is a key ingredient in treatment ... while its Zhao Yan, the company’s president. with foreign countries,” said Sun the ministry. China officially kicked cosmetics and medicine, a website The technology it uses in fer- Shuxia, honorary president of the off exports of second-hand cars in Australia has overtaken France as under the Tianjin Economic and application in China menting HA has bolstered its pro- Food Nutrition and Safety Commit- May, with Beijing, Tianjin, Shanghai the leading exporter of wine to Chi- Development Area said. still has a great gap in duction volume from 300 tee of the China Healthcare Associ- and Guangdong among the first na by value, according to data The 477,433.5 square meter pro- kilograms to 180 metric tons annu- ation.
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