China will launch a nationwide pilot program of electrification of public vehicles in the period from 2023 – 2025, according to a notice issued by the Ministry of Industry and Information Technology and other seven departments.Â
China’s domestic passenger flight volume has recovered to more than 90% of 2019-level, while daily international/regional flight volume on Feb 3 rose above 400 for first time in three years.
In Hong Kong, China Hongqiao is sliding more than 6%, Zijin Mining, Shandong Gold, China Nonferrous Mining and China Gold International down more than 5%, Zhaojin Mining, Luoyang Molybdenum, Lingbao Gold, etc. are more than 4%.
China Hongqiao, the world’s top private aluminium producer, said that its net profit for the year ended 31 December 2022 is expected to tumble by about 40% from a year earlier.
ING Bank raised the forecast of China’s GDP growth in 2023 to 5% from its previous projection of 4.3%, according to a research note.
A new drug for the treatment of brain tumors manufactured by Grand Pharmaceutical Group (HK: 0512) has been given the green light by Chinese regulators.
China’s outstanding loans to the real estate sector stood at 53.16 trillion yuan at the end of 2022, rising by 1.5% from a year earlier, slowing by 6.5 percentage points from the previous year.
