Daily News - 20191216

 |  China Daily / Xinhua

Today's point

1.Macro: 

China's economic indicators beat expectations

2.Industries:

China's postal industry expands 21.6 pct in first 11 months

3.Trade:

China, Africa see robust growth in agricultural trade

4.Companies:

Demand for English training rises

 

Quick view

1. China's economic indicators beat expectations

Major economic indicators performed better than expected in November, showing that the Chinese economy made progress in stability despite challenges both at home and abroad, according to the National Bureau of Statistics on Monday. [Photo provided to chinadaily.com.cn]

Major economic indicators performed better than expected in November, showing that the Chinese economy made progress in stability despite challenges both at home and abroad, according to the National Bureau of Statistics on Monday.

The country's industrial output, an important economic indicator, increased by 6.2 percent year-on-year last month, compared with 4.7 percent for October, the NBS said.

Retail sales rose by 8.0 percent year-on-year in November, compared with 7.2 percent in the previous month, the bureau said.

Fixed-asset investment expanded by 5.2 percent in the first 11 months, unchanged from the January-October period.

The urban employment situation stayed stable last month, with the surveyed jobless rate in urban areas standing at 5.1 percent, the same as October.

(Source: China Daily)

 

2. China's postal industry expands 21.6 pct in first 11 months

BEIJING, Dec. 15 (Xinhua) -- China's postal industry saw a 21.6-percent rise in business revenue year on year to reach 868.15 billion yuan (about 123.7 billion U.S. dollars) in the first 11 months, data from the State Post Bureau showed.

The express delivery sector, the backbone of the postal service, has seen fast expansion, as courier firms made 56.79 billion deliveries during the period, up 25.4 percent year on year.

The business revenue of these courier firms jumped 23.9 percent year on year to stand at 672.57 billion yuan over the same period.

China plans to extend its courier network and improve computer systems, services and international connections by 2020 when the target annual revenue of the courier sector will hit 800 billion yuan.

(Source: Xinhua)

 

3. North American trade deal alone cannot spur Mexico's economic growth: think tank

MEXICO CITY, Dec. 15 (Xinhua) -- A North American free-trade agreement alone cannot spur economic growth in Mexico, a private sector think tank said on Sunday.

Mexico needs to take additional measures, namely modernizing its productive sector, the Private Sector Center for Economic Studies (CEESP) said in its weekly report.

"Once it takes effect, the agreement is expected to have a significant impact on economic growth and improved employment," the center said, referring to the United States-Mexico-Canada Agreement (USMCA).

"The USMCA is a necessary factor (for growth), but it is not enough to achieve those objectives," said the center, which is part of the Business Coordinating Council (CCE).

"Other factors are needed that will lead to the modernization of the economy, so that it will be possible to take full advantage of the opportunities that arise" from the free-trade deal, said the center.

Mexico will need to take measures to boost productivity and lower the costs of production, said the CEESP.

In addition, the agricultural sector needs to be modernized to improve efficiency so it can compete on a large scale, the report said.

In 2018, Mexico, Latin America's second largest economy after Brazil, saw a 2.1 percent growth in GDP.

(Source: Xinhua)

 

4. China's small, medium-sized airports to share 1.56 bln yuan of subsidies in 2020

BEIJING, Dec. 15 (Xinhua) -- China's small and medium-sized airports will share 1.56 billion yuan (about 222.86 million U.S. dollars) of subsidies in 2020, according to a draft plan issued by the Civil Aviation Administration of China (CAAC).

The subsidies will cover 174 airports across the country, according to the draft plan issued to solicit public opinions.

China's civil airport industry saw steady growth in the past 10 years.

The number of licensed transport airports surged from 158 to 238, improving the density from 1.6 per 100,000 square km to 2.5 over the past decade. The number of licensed general airports increased nine-fold to 240, surpassing that of licensed transport airports, an official with the CAAC said in November.

(Source: Xinhua)

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