China Economic News

CNC
Added On July 16, 2019

NEEQ RAISES OVER 2.5 BLN USD IN H1

 
Data from the NEEQ showed that a total of 364 firms made 369 stocks issuances during this period.
 
Among them, 184 issuances were made by small and micro firms.
 
A total of 63 listed firms conducted acquisitions in H1 this year.
 
The NEEQ was launched in early 2013 to supplement the Shanghai and Shenzhen stock exchanges to serve small and medium-sized enterprises, which functions as an easier financing channel with low costs and simple listing procedures.
 
 
OUTPUT OF OVER 100 CHINESE PRODUCTS RANK TOP GLOBALLY
 
According to a report from the National Bureau of Statistics, China's output of over 100 light industry products including bicycles, batteries and furniture ranks first in the world.
 
Over the past 70 years, China's industrial production has grown rapidly, with the aggregated industrial value-added expanding 970.6 times from 1952 to 2018 at an average year-on-year growth rate of 11 percent, if calculated at constant price.
 
The report noted that in the meantime, the international influence of China's industrial sector has also brought historical changes.
 
In 2010, China's manufacturing value-added in current dollars overtook the United States as the world's largest manufacturing country for the first time and has retained first place ever since.
 
Its share of manufacturing value-added hit 27 percent of the world's total in 2017, pointing to the fact that it has become a significant growth engine boosting global industrial development.
 
The report said although the high-tech equipment production started late, it expanded fast as well.
 
The output of mobile phones, computers and televisions amounted to 1.8 billion, 310 million and 190 million units in 2018 respectively, accounting for about 70 percent to 90 percent of global output.
 
Auto production stood at 27.82 million units in 2018, remaining first in the world.
 
 
CHINA'S CAR EXPORTS EXPAND IN JUNE
 
According to data from the China Association of Automobile Manufacturers, China's car exports expanded in June with a narrowed year-on-year drop.
   
The data showed that Chinese car firms exported 96,000 cars last month, up 22.6 percent compared with May.