Regional News

18.01.2019

China's rail freight volume grows by 9.1 pct in 2018

China's rail freight volume, an indicator of broad economic activity, rose 9.1 percent year on year in 2018, according to the China Railway Corporation.

Railways carried 4.02 billion tonnes of freight last year, 334 million tonnes more than the previous year, data from the company showed.

Of the total, state-operated railways carried...

China's rail freight volume, an indicator of broad economic activity, rose 9.1 percent year on year in 2018, according to the China Railway Corporation.

Railways carried 4.02 billion tonnes of freight last year, 334 million tonnes more than the previous year, data from the company showed.

Of the total, state-operated railways carried...

18.01.2019

China's central bank injects funds into market

China's central bank injected liquidity into the money market through reverse repos Thursday.

The People's Bank of China (PBOC) conducted 250 billion yuan (37 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2.55 percent and 150 billion yuan of 28-day reverse repos at 2.85 percent.

Previous reverse repos...

China's central bank injected liquidity into the money market through reverse repos Thursday.

The People's Bank of China (PBOC) conducted 250 billion yuan (37 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2.55 percent and 150 billion yuan of 28-day reverse repos at 2.85 percent.

Previous reverse repos...

18.01.2019

Russia, China enjoy confident progressive development of relations in all areas: Lavrov

Russia and China enjoy a "very confident progressive development of relations in all areas," Russian Foreign Minister Sergei Lavrov said Wednesday.

The two countries reached a record trade turnover in 2018 but this is not a limit, as Russia and China have ambitious plans discussed by President Vladimir Putin and President...

Russia and China enjoy a "very confident progressive development of relations in all areas," Russian Foreign Minister Sergei Lavrov said Wednesday.

The two countries reached a record trade turnover in 2018 but this is not a limit, as Russia and China have ambitious plans discussed by President Vladimir Putin and President...

18.01.2019

Tatneft is upgrading its oil treatment plants using HollySys equipment

Tatneft has entered into a tripartite cooperation agreement in the area of crude oil treatment process flow automation (UPVSN) units. CJSC Sterh-Intelservis and the Chinese HollySys Company have been the Tatneft Company’s partners in the deal. 

The cooperation of Tatneft and HollySys has been developing with the participation of CJSC Sterkh-Intelservis,...

Tatneft has entered into a tripartite cooperation agreement in the area of crude oil treatment process flow automation (UPVSN) units. CJSC Sterh-Intelservis and the Chinese HollySys Company have been the Tatneft Company’s partners in the deal. 

The cooperation of Tatneft and HollySys has been developing with the participation of CJSC Sterkh-Intelservis,...

18.01.2019

Russian economy to overtake Germany’s by 2020 – report

Despite years of Western sanctions, Russia will become the world’s fifth-largest economy as early as next year, surpassing Germany and the UK, multinational bank Standard Chartered said in its long-term growth forecasts.

In a report outlining projections about the world economy up until 2030, the bank said that China is likely...

Despite years of Western sanctions, Russia will become the world’s fifth-largest economy as early as next year, surpassing Germany and the UK, multinational bank Standard Chartered said in its long-term growth forecasts.

In a report outlining projections about the world economy up until 2030, the bank said that China is likely...


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