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release time: 2019 - 12 - 14
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Airlines predict better new year following weaker than anticipated 2019 performanceSlowing economic growth and the trade dispute between China and the United States have impacted the aviation industry in 2019, according to global airlines body the International Air Transport Association, or IATA.The association, which represents some 290 airlines, gave an outlook on the industry during the annual Global Media Day briefings at its headquarters in Geneva.The IATA forecasts that the industry will produce a profit of $29.3 billion next year.That is an improvement over 2019's expected net profit of $25.9 billion.The economic performance was weaker than anticipated in 2019 as the initial IATA outlook in June stood at $28 billion.'Slowing economic growth, trade wars, geopolitical tensions and soc...
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HANGZHOU - The eastern Chinese city of Yiwu, home to the world's leading small commodities market, opened a new freight train route to Moscow on Tuesday.Loaded with 100 standard containers of commodities, the train is projected to arrive in Moscow in about 12 days.The China-Europe train service has developed prosperously in Yiwu since it was first launched in the city in 2014.A total of 610 million yuan ($86.85 million) of commodities were exported through the Yiwu Railway Port last year, up 61 percent year-on-year.'Now, nearly 2,000 kinds of commodities from eight Chinese provinces and cities...
发布时间: 2019 - 11 - 21
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URUMQI - Customs of the city of Urumqi, capital of Northwest China's Xinjiang Uygur autonomous region said Monday that the number of China-Europe freight trains they handled from January to October surpassed the total number of last year.Urumqi Customs saw the number of China-Europe freight trains skyrocket to 5,743 in the first 10 months this year, up 53.68 percent year-on-year.Customs authorities handled 4,386 such trains last year.The customs said those trains ran on 16 routes, departing from Chinese cities including Lianyungang in East China's Jiangsu province, the city of Zhengzhou in Cen...
发布时间: 2019 - 11 - 20
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PBOC should give 'ammunition' to support government investmentChina should put a new mechanism in place to allow the central bank to buy bonds issued by the government to supply more funds to boost growth, according to a group of researchers from a leading national think tank on Wednesday.Traditional monetary policy, even coordinated with fiscal expansion, may be not strong enough to reverse the economic slowdown. The central bank should provide 'ample ammunition' to support government investment, said Li Yang, head of the National Institution for Finance and Development (NIFD) under the Chine...
发布时间: 2019 - 11 - 14
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