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release time: 2020 - 10 - 23
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China's outbound investment was generally stable during the first three quarters of the year, although the raging COVID-19 pandemic and other factors dampened cross-border investment globally, the Ministry of Commerce said Thursday.Chinese companies hiked investment in countries along the Belt and Road during the period, with non-financial direct investment surging 29.7 percent year on year to reach 13.02 billion U.S. dollars, Gao Feng, spokesperson for the ministry, told a press briefing.
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BEIJING - China's demand for steel is expected to register an uptick in 2020, according to a guild report.The country's steel demand is forecast to climb 2 percent year-on-year to reach 890 million tons in 2020, said the China Iron and Steel Industry Association (CISA) in a report.The steel demand of the construction and home appliance industries is expected to maintain expansion while that of the automobile, ship-building, container-manufacturing and machinery sectors will see negative growth in 2020.China's steel market witnessed hot demand in 2019 thanks to the steady operation ...
发布时间: 2020 - 01 - 20
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SHIJIAZHUANG - Hebei province, China's leading producer of iron and steel, will continue with huge overcapacity cuts in 2020 amid an ongoing industrial upgrading, its governor Xu Qin announced Tuesday.The province plans to cut production capacity of steel and iron by 14 million tons this year, Xu said when delivering a government work report at the opening of the local legislative session.To fight overcapacity, Hebei will also cut capacity of coal by 6 million tons, carbon coke by 2 million tons and coal-fired power supply by 500,000 kW, he said.Hebei and several other regions around Beiji...
发布时间: 2020 - 01 - 08
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BEIJING - China's chemical industry registered steady expansion in the first 11 months of 2019, official data showed.The industry's value-added output rose 4.5 percent year-on-year, 0.8 percentage points faster than the same period of 2018, according to the National Development and Reform Commission.The output of major products expanded during the period, with crude oil processing capacity increasing 6.7 percent year-on-year to 593.18 million tons, while the output of chemical fiber climbed 13.5 percent to 54.93 million tons, data from the National Bureau of Statistics showed.In Novemb...
发布时间: 2020 - 01 - 03
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