Daily Archives: October 1, 2017

Tibet to plant more forests

LHASA – Southwest China’s Tibet autonomous region will plant more forests in the next few years, the regional department of forestry said Friday. The region’s average annual expansion forest cover is scheduled to surpass 60,000 hectares by 2020. A total of 55,000 hectares of forests were planted in 2016, more than 3,000 hectares of which were under a program to return farmland to forest, according to Tsultrim Gyatso, secretary of the department party committee. The region also created 93,000 hectares in 2016 to combat desertification. Tibet is striving to attain 15 square meters of urban green area per capita by 2020. The region spent close to 4 billion yuan ($580 million) in creating around 350,000 hectares of new forests from 2011 to 2015.

China’s exports rise 11.6% in Oct

Trucks drive past piles of shipping containers at the Qingdao Port, Shandong province June 8, 2014. China’s exports rose 11.6 percent year on year to $206.87 billion in October, customs data showed on Saturday.The growth rate for October has decelerated compared to September’s 15.3 percent, which was a fastest growth rate in 19 months. Imports in October stood at $161.46 billion, up 4.6 percent, according to the data released by the General Administration of Customs (GAC). Total exports and imports rose 8.4 percent to $368.33 billion in the month, as trade surplus expanded to $45.41 billion, up 46.3 percent. “Imports and exports in October have both extended a growth trend from the previous month,” the GAC said in a press release. In the first ten months of this year, China’s total exports and imports hit $3.53 trillion, up 3.8 percent. Trade surplus during the period stood at $277.11 billion, up 38.5 percent year on year. During the Jan-Oct period, trade with the European Union, China’s largest trading partner, saw the fastest growth of 9.8 percent, amounting to 3.12 trillion yuan. Trade with the United States, China’s second-largest trading partner, came in at 2.78 trillion yuan, up 5.5 percent. China-ASEAN trade went up 7.4 percent to 2.4 trillion yuan. In contrast, trade between the Chinese mainland and Hong Kong fell 10.1 percent to 1.82 trillion yuan in the first ten months, while trade with Japan fell 0.1 percent to 1.59 trillion yuan. The GAC said that foreign-invested companies were the main trade bodies, with their total trade volume during the period accounting for 46 percent of the nation’s total trade during the first ten months, compared to 34.6 percent held by privately-owned companies and 17.7 percent by state-owned firms. The rest tiny portion came from micro-sized or individual businesses. Exports including machinery, garments, textiles, shoes, toys, plastics rose during the first ten months, while exports of electronic products, home furniture and vehicles fell. China’s trade data exceeds expectationsTrade surplus skyrockets to hit monthly record

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