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release time: 2020 - 09 - 29
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China's energy regulator has vowed to continuously improve electricity services in the country, including the power quality and process of power access to further improve the business environment.The National Energy Administration said it would further improve the process of electricity access and lower costs for residents as well as small-and medium-sized enterprises, and has earmarked 130 billion yuan ($19.1 billion) in investment for small-and medium-sized enterprises in the country over the next three years.The administration would continuously push forward the optimization of business environment with improved power access, said Liu Baohua, deputy director of the Administration, during a news conference in Beijing on Monday.Higher power efficiency and stable power supplies are imp...
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BEIJING - China's production of non-ferrous metals kept steady growth during the first quarter, the China Nonferrous Metals Industry Association said Tuesday.Output of non-ferrous metals hit 14.17 million tons, up 2.1 percent year-on-year.Weighed down by the novel coronavirus epidemic, profits of major non-ferrous metal companies dived 31.4 percent year-on-year to 15.3 billion yuan ($2.19 billion).Prices of non-ferrous metals recorded drastic falls both at home and abroad during the first quarter, and staged a recovery in April, Jia Mingxing, vice chairman of the association, told a press ...
发布时间: 2020 - 04 - 29
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BEIJING -- Profits of China's major industrial firms dropped in the first quarter (Q1) of 2020 with signs of improvement in March amid efforts to coordinate COVID-19 containment and economic growth, data from the National Bureau of Statistics (NBS) showed Monday.Profits of industrial companies with annual revenue of more than 20 million yuan (about $2.83 million) totaled 781.45 billion yuan in Q1, down 36.7 percent year on year, NBS said in a statement.The contraction narrowed from the 38.3-percent decline in the first two months, NBS data showed.In breakdown, profits of the manufacturing ...
发布时间: 2020 - 04 - 28
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BEIJING -- The global oil price collapse is battering China's upstream oil companies but acts as a boon to downstream refineries, analysts said.Partly due to the coronavirus pandemic, international crude prices slumped in the past few months, with the benchmark Brent crude nosediving from about $68 per barrel in early January to around $25 at present.The upstream of the oil industry including oil producers and oilfield service firms has been hit hard by the plummeting prices, said Dong Xiucheng, professor with the University of International Business and Economics.The cost of domestic oil ...
发布时间: 2020 - 04 - 27
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