Companies again allowed to sell abroad as nation facing excessive productionChina's granting export quotas for refined oil products to non-State-owned refineries in the Zhejiang Pilot Free Trade Zone will ease the country's domestic oversupply of petroleum products, while sharpening the competitive edge of local refiners, said insiders.With a new round of refining capacity expansion, the country is facing excessive oversupply in the sector, and permitting qualified private companies to export oil products will ease the pressure, said Li Li, research director at energy consulting compan...
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BERLIN - A China-Europe freight train from Wuhan, capital of Central China's Hubei province and once the epicenter of the COVID-19 outbreak, on Tuesday arrived in its destination -- the western German city of Duisburg.It was the first China-Europe freight train from Wuhan after the city was placed under lockdown for almost 11 weeks from January due to the COVID-19 outbreak, marking the resumption of China-Europe freight services in Wuhan.The train left Wujiashan railway container center station in Wuhan on March 28.In Duisburg, the welcome ceremony of the train was attended by China Consul...
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China will create fresh momentum for exports in e-commerce and processing trade, and will actively respond to foreign restrictions in order to stabilize the country's foreign trade growth this year, a customs official said on Tuesday.The country will encourage more global companies from the maintenance and remanufacturing sectors to establish operations in China's comprehensive bonded zones, support manufacturers in central, western and northeastern regions to undertake processing trade and facilitate the global expansion of cross-border e-commerce firms, said Li Kuiwen, a spokesman fo...
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2020
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