The following are some China economic news items in brief.
CHINA, U.S. OIL COMPANIES JOIN HANDS IN NW CITY
Shaanxi Yanchang Petroleum Group based in Yan'an of northwest China's Shaanxi Province has teamed up with the U.S. oil company, KER, according to company sources.
The joint venture they launched in the provincial capital of Xi'an will be engaged in petrochemicals production and coal-oil co-processing.
KER recorded 12 billion U.S. dollars in sales revenue last year. Yanchang Petroleum, as one of China's four enterprises which boast franchise for oil and gas exploration and development, garnered 102 billion yuan (15.5 billion U.S. dollars) in sales income in 2010.
FUJIAN'S FOREIGN TRADE UP 26.9 PCT
East China's Fujian Province generated 51.49 billion U.S. dollars in foreign trade in the first five months of this year, a rise of 26.9 percent over the same period of last year, according to the local customs house.
The total included 32.77 billion U.S. dollars of exports, up 24 percent year-on-year, and 18.72 billion dollars of imports, up 32.3 percent.
Between January and May, Fujian's trade with the European Union amounted to 8.49 billion U.S. dollars, up 22.5 percent year-on-year, its trade with the United States hit 8.18 billion dollars, up 17.4 percent, and trade with Japan reached 3.96 billion dollars, up 12.1 percent.
FOXCONN'S HIGH-END ELECTRONICS PROJECT IN SOUTHERN CITY
The Taiwan-based electronics giant Foxconn is building a scientific and technological garden in Nanning, capital city of south China's Guangxi Zhuang Autonomous Region, according to company sources.
High-end electronics, such as intelligent cell phones, GPS (global positioning system) and high-end routers, will be produced in the garden.
The project is expected to generate 30 billion yuan in sales income annually.
Work on another Foxconn project in Nanning began in January. Up to now, two production lines of the project have started operation, which are expected to record more than 10 billion yuan in annual sales income in 2012.
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Source:Xinhua
Weekly review
CHINA, U.S. OIL COMPANIES JOIN HANDS IN NW CITY
Shaanxi Yanchang Petroleum Group based in Yan'an of northwest China's Shaanxi Province has teamed up with the U.S. oil company, KER, according to company sources.
The joint venture they launched in the provincial capital of Xi'an will be engaged in petrochemicals production and coal-oil co-processing.
KER recorded 12 billion U.S. dollars in sales revenue last year. Yanchang Petroleum, as one of China's four enterprises which boast franchise for oil and gas exploration and development, garnered 102 billion yuan (15.5 billion U.S. dollars) in sales income in 2010.
FUJIAN'S FOREIGN TRADE UP 26.9 PCT
East China's Fujian Province generated 51.49 billion U.S. dollars in foreign trade in the first five months of this year, a rise of 26.9 percent over the same period of last year, according to the local customs house.
The total included 32.77 billion U.S. dollars of exports, up 24 percent year-on-year, and 18.72 billion dollars of imports, up 32.3 percent.
Between January and May, Fujian's trade with the European Union amounted to 8.49 billion U.S. dollars, up 22.5 percent year-on-year, its trade with the United States hit 8.18 billion dollars, up 17.4 percent, and trade with Japan reached 3.96 billion dollars, up 12.1 percent.
FOXCONN'S HIGH-END ELECTRONICS PROJECT IN SOUTHERN CITY
The Taiwan-based electronics giant Foxconn is building a scientific and technological garden in Nanning, capital city of south China's Guangxi Zhuang Autonomous Region, according to company sources.
High-end electronics, such as intelligent cell phones, GPS (global positioning system) and high-end routers, will be produced in the garden.
The project is expected to generate 30 billion yuan in sales income annually.
Work on another Foxconn project in Nanning began in January. Up to now, two production lines of the project have started operation, which are expected to record more than 10 billion yuan in annual sales income in 2012.
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Source:Xinhua
Weekly review
