China foreign service trade up 2.6 pct in H1

10:59, August 05, 2019

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  China's foreign trade up 4.2 pct in first seven months

  BEIJING, Aug. 8 (Xinhua) -- Chinas foreign trade of goods rose 4.2 percent year on year in the first seven months of this year to 17.41 trillion yuan (about 2.49 trillion U.S. dollars), customs data showed Thursday.(File Photo: VCG)Exports increased 6.7 percent year on year to 9.48 trillion yuan during the period, while imports grew 1.3 percent to 7.93 trillion yuan, the General Administration of Customs (GAC) said.China saw its trade surplus widen by 47.4 percent year on year to 1.55 trillion yuan during the same period.Chinas trade mix continued to optimize with the general trade growing both in volume and proportion in the January-July period. General trade grew 5.7 percent year on year and accounted for 59.8 percent of the total trade, 0.8 percentage points higher than the same period of last year.The European Union remained as Chinas largest trading partner in the period, with bilateral trade volume up 10.8 percent from one year earlier to 2.72 trillion yuan, followed by the ASEAN, up 11.3 percent to 2.35 trillion yuan, and the United States, down 8.1 percent to 2.1 trillion yuan.Chinas trade with Belt and Road countries totaled 5.03 trillion yuan, up 10.2 percent year on year, 6 percentage points higher than the overall pace, said the GAC, adding that the amount accounted for 28.9 percent of Chinas total trade volume.Chinas private businesses reported faster trade growth in the first seven months, with the trade volume increasing 11.8 percent to 7.31 trillion yuan. The amount accounted for 42 percent of the total trade volume in the period, up 2.9 percentage points year on year.

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  Chinese tech giant Huawei's revenue up 23.2 pct in H1

  GUANGZHOU, July 30 (Xinhua) -- Huaweis revenue rose to 401.3 billion yuan (about 58.3 billion U.S. dollars) in the first half of 2019, with a net profit margin of 8.7 percent, according to the companys semiannual report released Tuesday.Photo: VCGAfter being added to the "Entity List," Huaweis overseas smartphone business was affected but has now returned to 80 percent of its pre-ban level, said Liang Hua, the companys chairman.The companys smartphone shipments reached 118 million units in H1, representing a 24-percent growth year on year. Rapid growth was also observed in the shipments of tablets, PCs and wearables, the report said.Huaweis year-on-year growth of more than 23 percent in H1 indicates that the "Entity List" impact is within control and the companys main products remain basically unaffected, according to Liang.U.S. suppliers are resuming supplies in a few nonessential fields, but supplies of key components, including licensing of some modules for Android systems, have not been restored, Liang said."Our attitude has always been that if the U.S. allows us to use the Android operating ecosystem, we will continue to choose the system. And if not, Huawei also has the ability to develop its own operating system and ecosystem," Liang said.He said the companys "operations are smooth and the organization is as sound as ever."With effective management and excellent performance across all financial indicators, Huaweis business remained robust in the first half of this year, Liang said.The chairman admitted difficulties facing the firm, which he said may affect the pace of growth in the short term. "But we will stay the course. We are fully confident in what the future holds, and we will continue investing as planned," he said.The company plans to invest 120 billion yuan in research and development this year, according to Liang.

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  China's CPI up 2.8 pct in July

  BEIJING, Aug. 9 (Xinhua) -- Chinas consumer price index (CPI), a main gauge of inflation, rose 2.8 percent year on year in July, up from 2.7 percent in June, the National Bureau of Statistics said Friday.(File Photo: VCG)Food prices grew 9.1 percent year on year last month, up from 8.3 percent in June, while non-food prices gained 1.3 percent, 0.1 percentage points lower than that of June.The CPI in urban and rural areas registered a year-on-year growth of 2.7 percent and 2.9 percent, respectively.In the first seven months, consumer prices rose 2.3 percent from a year earlier on average, the bureau said.