China Digest

Economics and policy from China’s newspapers

Friday February 3, 2017

Iron and steel prices will be stable in 2017: CISA

The iron and steel sector expects high productivity, low export volumes and stable prices in 2017, Xinhua reported on Thursday morning, citing a report issued by the China Iron and Steel Industry Association (CISA). The industry has witnessed good increases in both price and profits due to the central government policy on supply side reform.

Tourism revenue exceeds US$581m over Lunar New Year holiday

The tourism industry saw more than 323 million visitors and generated around 4 billion yuan (US$581 million) in revenue for the first six days of the week-long Lunar New Year holiday, state agency China News Services reported on Thursday, citing the China National Tourism Administration.

Over US$200b in FDI recorded in 2016, report shows

China’s foreign direct investment exceeded US$200 billion in 2016, a 40% annual increase, Yicai said on Thursday, citing a report published by the Mercator Institute for China Studies in Germany and Rhodium Group in New York. Xu Shaoshi, director of the National Development and Reform Commission, earlier said some investments overseas were not rational.

Identification documents needed for internet access contract

Telecommunication service providers must request official identification documents if users want to sign up for internet access protocols, Xinhua reported on Wednesday morning. No services can be provided to people who refuse to show their documents, the report added.