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release time: 2020 - 01 - 20
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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 of infrastructure building, real estate and other downstream industries.Steel consumption totaled about 880 million tons in 2019, up 6 percent year-on-year from 2018, the report estimated.
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URUMQI - Northwest China's Xinjiang Uygur autonomous region transmitted a total of 28.56 billion kWh of electricity out of the region in the first half of this year, according to local authorities.The State Grid Xinjiang Electric Power Co Ltd said Tuesday the amount of power transmitted out of the region increased by 16.76 percent compared to the same period last year, among which 41 percent was green energy mainly generated by wind and solar power.The company said the power has been sent to central and eastern China provinces, including Henan and Anhui.Last year, the outbound power transmissi...
发布时间: 2019 - 08 - 17
BEIJING - The People's Bank of China (PBOC), the central bank, on Thursday continued to pump cash into the financial system through open market operations to maintain liquidity in the market.The PBOC conducted 30 billion yuan ($4.27 billion) of seven-day reverse repos, a liquidity-injecting process in which the central bank purchases securities from commercial banks through bidding with an agreement to sell them back in the future.The interest rate for the operation remained at 2.55 percent, the PBOC said in a statement.No reverse repos matured on Thursday.In addition, the PBOC injected 400 bi...
发布时间: 2019 - 08 - 16
BEIJING - As a vital step in easing market access for foreign investors, China has announced opening up the upstream exploration of its oil and natural gas resources by scrapping joint-venture restrictions.Taking effect on July 30, the move aims to attract overseas participation in the field and advance the country's ongoing reform of energy systems.Spurred by the growth in energy consumption, China has become the world's largest importer of crude oil and natural gas, with its dependency on foreign crude oil and natural gas hitting 69.8 percent and 45.3 percent, respectively, in 2018, accordin...
发布时间: 2019 - 08 - 15
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