China’s official consumer price index (CPI) fell to minus 0.5 per cent in November from a year earlier – down from 0.5 per cent growth in October
The decline was driven by improvements in pork supply, but the mild deflation has not painted a ‘picture of consumer spending exuberance’, one analyst says
You go on Taobao, everything is cheap, cheaper than a few years ago. So I buy, buy and buy.
12-15-20 China company CREG delivers TBM for Georgia. Diameter 15.08 meters. Length 182 meter. Weight 3,900 tonnes. CREG TBM is for expressway tunnel construction in Georgia.
11-29-20 At a closed-door conference held in Beijing on November 29, Chinese government bodies including the Ministry of Ecology and Environment finally approved new classification standards for the country’s steel scrap sector. Though the details are yet to be released, the new standards classify categories of steel scrap and are comparable to those in use internationally, paving the way for China to re-open its ports to approved types of foreign steel scrap. Despite the size of the China’s steel scrap industry, until now the country has lacked a unified system of steel scrap classifications and those that Chinese steelmakers and scrap collectors are presently using have been described as “crude” and at odds with those of other countries. The release of the new China steel scrap standards may mark the first step in China’s push to diversify raw materials for steel production, a move that analysts say will reduce reliance on Iron Ore imports from Australia amid fraught bilateral ties, souring prices and in align with China’s pursuit for carbon neutrality by 2060.
12-31-20 Ministry of Ecology and Environment, National Development and Reform Commission and other five departments jointly issued a “Notice on matters relating to the standardization of the import management of recycled iron and steel raw materials,” the announcement said that products that meet the national standard of “recycled iron and steel raw materials” are not solid waste and can be imported freely. The announcement aims to regulate the management of China’s imports of recycled iron and steel materials to clarify requirements and form a synergy. According to China’s import and export regulations for recycled iron and steel materials to clarify the customs commodity code, while proposing that does not meet the “recycled iron and steel materials” national standards will be prohibited from import. The announcement will be implemented from January 1, 2021. Steel scrap standards have been officially released on December 17, the standard for the integrated use of domestic and international recycled steel raw materials resources to provide standard technical support, is conducive to promoting the high-quality development of China’s steel industry.
Irradiation technology is expected to be used to kill coronavirus found in cold chain food, said China National Nuclear Corporation on Thurs. There have been multiple reports in China of imported cold-chain food packaging testing positive for COVID19.
China’s Long March-8 Y1 rocket was vertically transported to the launching area of the Wenchang Spacecraft Launch Site in south China’s Hainan Province on Wednesday. Next, the rocket will be filled with propellant and readied for launch in late December.
As Trump hails launch of COVID19 vaccines, makers of dry ice and related machines in China working in full swing to respond to soaring demand for cold chain, with some firms’ orders from US up 10-20 times y-o-y.
The ultra-cold temperatures required for storing the Covid-19 vaccine developed by U.S. pharmaceutical giant Pfizer and Germany-based BioNTech has driven a buying frenzy for freezers and dry ice. However, large-scale freezers units are expensive — and with hospital budgets already strained during the pandemic, dry ice has emerged as the go-to option. Thank you, Trump!
In a speech delivered on Saturday at the Climate Ambition Summit, Chinese President Xi Jinping made three proposals:
1. to close ranks and make new advances in climate governance that features cooperation and win-win; 2. to raise ambition and foster a new architecture of climate governance where every party does its part; and
3. to boost confidence and pursue a new approach to climate governance that highlights green recovery.
China will lower its carbon dioxide emissions per unit of GDP by over 65 percent from the 2005 level, and increase the share of non-fossil fuels in primary energy consumption to around 25 percent. China will increase its forest stock volume by 6 billion cubic meters from the 2005 level, and bring its total installed capacity of wind and solar power to over 1.2 billion kilowatts
12-11-20 China Railway Construction Corporation and the Ministry of Transport of Argentina on Fri signed a contract worth $2.6 billion to improve the General San Martin Cargo Railway, the largest railway project signed by a Chinese company in Latin America.
The line is one of the South American country’s three main cargo railways, connecting western productive provinces with the eastern agricultural export region.
Argentine President Alberto Fernandez presided over the signing of the 2.6 billion-U.S. dollar contract, the biggest contract in a series of railway agreements signed Friday with Chinese companies.
Under the contract, the CRCC will provide the engineering, technology and equipment.
The agreement seeks to rehabilitate the railway corridors of the San Martin line, improve its infrastructure to boost cargo capacity from 3 million to 9 million tons, and increase train operational speed from 40 to 90 km per hour, according to the president’s office.
The project will renovate 1,813 km of the railway line, benefiting the provinces of Buenos Aires (center-east), Santa Fe (center), San Luis (west), Cordoba (center) and Mendoza (west), and eventually directly generate some 16,830 jobs.