Nadeem Xu

Nadeem Xu


China adds 400 new PPP projects in first half

China adds 400 new PPP projects in first half

(ATF) China saw 400 new public-private partnership (PPP) projects registered in the first seven months of the year, according to the National Development and Reform Commission (NDRC).PPPs act as collaborative investment models between government and private companies.Chinese authorities have been exploring funding infrastructure and public works through PPP models in ...

Continue reading

Wuhan linked to US by new air cargo routes 

Wuhan linked to US by new air cargo routes 

A new air cargo route linking Wuhan in central China’s Hubei Province and Dallas and Los Angeles in the United States was launched on Sunday.An all-cargo flight carrying 110 tonnes of exported auto parts and electronic products took off from Wuhan Tianhe International Airport at noon on Sunday for Dallas. ...

Continue reading

China aims to stabilize foreign trade, investment

China aims to stabilize foreign trade, investment

(ATF) China has rolled out more measures to protect foreign trade entities and keep supply chains stable against the economic fallout of the unabated coronavirus pandemic, according to guidelines released by the State Council.China will step up credit support to foreign trade firms, especially micro, small and medium ones, and ...

Continue reading

Chinese chipmaker SMIC posts record Q2 revenue

Chinese chipmaker SMIC posts record Q2 revenue

(ATF) US pressure on technology supplies to China has benefited the country’s largest chipmaker, which has reported record second-quarter revenue.The homegrown Semiconductor Manufacturing International Corporation (SMIC), said on Thursday sales climbed 19% year-on-year to $938.5 million. That also represented a 3.7% quarter-on-quarter rise, according to the company's fiscal report.Gross profit ...

Continue reading

Motor industry struggles to shake off coronavirus impact

Motor industry struggles to shake off coronavirus impact

(ATF) China’s motor manufacturers increased car sales in July, but figures for the year remain suppressed by the economic impact of the coronavirus pandemic.Adding deeper woes to the industry, plans to green the nation’s roads took a blow as electric car sales continued to slump.Geely Automobile, the largest petrol-engine car ...

Continue reading

Green light for green power projects

Green light for green power projects

(ATF) China plans to hasten construction of wind and solar power projects to bring renewable energy prices in line with those of fossil-fuel generation, China's National Energy Administration (NEA) said on Wednesday.The announcement comes as the 2021 cutoff date for state subsidies to green power projects nears and authorities seek ...

Continue reading

Local government bond sales climb in July

Local government bond sales climb in July

(ATF) China sold 272.2 billion yuan ($39 billion) of local government bonds in July, rocketing total issuance this year to 3.76 trillion yuan as policymakers seek to rebuild the coronavirus-shattered economy.Analysts have warned, however, that this month’s sales may stretch banks as they seek to pay back 500tn yuan of ...

Continue reading