d protectionism, China will simplify procedures for both imports and exports and reduce customs clearance times, make full use
上海会所品茶微信of statistical systems for cross-border e-commerce business and diversify the country’s export destinations.
Li said exports of high value-added mechanical and electrical products have maintained 上海会所
strong growth momentum in the first half of this year, boosted by the country’s ongoing industrial upgrading.
上海会所品茶微信Year-on-year exports of portable computers rose by 11.4 percent, electronic passenger ca
rs rose by 91.9 percent and solar cells rose by 57.1 percent, according to customs officials, as
Chinese enterprises sought to tap more markets beyond traditional trade hubs such as the United States. 上海会所
Zhang Xiaoyi, vice-president of Guangdong-based Midea Group, one of China’s biggest home appliance manu
上海会所品茶微信facturers, said the company has seen increasing sales in overseas markets in recent years. Last year, overseas sales rep
resented 43 percent of its total sales, and of these, half of the orders originated in economies involved in the BRI.
Trade with economies involved in the BRI outpaced total trade in the first half of this year, customs officials said, while imp 上海会所
orts from and export to BRI markets reached 4.24 trillion yuan. That represented growth of 9.7 percent year-on-y
上海会所品茶微信ear, about 5.8 percentage points higher than overall trade growth, accounting for 28.9 of the country’s total trade.
Domestic sales also are on the rise, especially in high-tech products, given China’s industrial upgrades amid rising domestic demand.
Zhou Jialin, deputy general manager of Shengyi Technology Co, the world’s second-largest producer of copper-clad lam 上海会所
inate materials by production volume, said the city of Dongguan, Guangdong province, once was an exp
orter of low-end products. But now, export volume is not the only standard to evaluate a company’s competitiveness. 上海会所品茶微信
“Domestic demand from companies such as Huawei Technologies Co has increased, and a number of foreign com
panies have set up their factories in China to cater to domestic demand instead of exporting overseas,” Zhou said.
The Chinese authorities’ ramped-up efforts to promote high-qualit
y development in the new energy vehicle sector, reflected by the most recent re 上海会所品茶微信
lease of an updated list on NEVs to enjoy exemptions of vehicle and vessel tax, will further help boost the healthy de
上海会所velopment of the sector and also promote clean energy consumption, industry insiders said.
The vehicle and vessel tax, paid annually by car or ship owners, varies between hundre 上海会所
ds of yuan to thousands of yuan, depending on engine sizes and the capacity of vehicles or ships.
上海会所品茶微信According to the latest list of NEVs and small engine vehicles to enjoy vehicle and vessel tax cu
ts that the Ministry of Industry and Information Technology issued recently on its website, vehicle and ve
ssel tax will be slashed completely for 444 types of NEVs and halved for 72 types of energy-saving vehicles. 上海会所
Moreover, the list has extended tax cuts to more NEVs compared with the previous list, and
上海会所品茶微信makes higher requirements on the performance of the NEVs to be included, such as lower power co
nsumption per 100 kilometers, the increased energy density of battery packs, and a higher cruising range, a
cording to Cui Dongshu, secretary-general of the China Passenger Car Association. 上海会所品茶微信
“The new list mirrors the progress of China’s NEVs, especially in key perfo
上海会所rmance indicators, and such progress is driven by incentives from the Chinese authorities,” Cui said.
“It is obvious Chinese NEVs have been making remarkable progress in high-quality development, and this will continue.”
The Chinese authorities announced cuts in vehicle and vessel tax on vehicles and ships that use new energy or engines 上海会所品茶微信
smaller than 1.6 liters as early as in 2012 and 2015, in a bid to save energy and combat pollution.
hina Petrole上海会所品茶微信um and Chemical Corp, the world’s larg
est refiner by volume, has agreed to establish a joint venture with Russia’s Novatek and Gazp
rombank to market natural and liquefied natural gas (LNG) in China, Sinopec said on Thursday.
The agreement, which aims to sell LNG produced by Novatek in the Arctic, was signed fo
llowing talks in Moscow between Russian President, Vladimir Putin, and Chinese President, Xi Jinping.
The agreement will be of considerable economic and social benefit an
d will further diversify China’s natural gas imports, while meeting ever-increasing ga
s demand in the country, said Dai Houliang, China Petrochemical Corp president.
el more frequently, and enable them to have higher budgets for spending on accommodati
on and destination entertainments,” said Sun Peiming, director of e-commerce at Sichuan Airlines.
Last year, along with graduate students, there were 37 million enrolled college students in the country,
according to the National Bureau of Statistics. In 2018, students registered on Qunar flew 4.4 time
s annually on average, higher than the average of 3.45 times nationwide, according to the company.
“Low prices have a decisive impact on their choices. Compani
es that provide cheaper options will attract more students and gain the initiative in seizing tho
se future backbone consumers,” said Liu Simin, a researcher at the Beijing Foreign Studies University.
eign exchange reserves at $3.095 trillion at the end of April. The reserve amount was stable, altho
ugh it slightly retreated from $3.098 trillion at the end of March, according to the State Administration of Foreign Exchange.
Li Yang, director of the National Institution for Finance and Development of the Chinese Academy
of Social Sciences, said that China is unlikely to sacrifice foreign exchange reserves to de
fend its currency, even if depreciation pressure rises amid any escalation in trade tension.
In May, the offshore RMB exchange rate against the US dollar dropped more than 3 percen
t under market pressure as global investors worried about the escalation of trade friction.
Guo Shuqing, Party secretary of the People’s Bank of China, the central bank, said on Monday that higher US tariffs on Chin
a’s imports triggered financial market volatility, and this also affected the offshore RMB.