Briefly

Shanghai foreign trade up 17% in Jan-Aug

In the first eight months of this year, Shanghai's foreign trade totaled 2.57 trillion yuan ($400 billion), up 17 percent year-on-year, Customs authorities said on Thursday. During the period, the municipality's exports rose by 10.4 percent to about 973.8 billion yuan, while imports went up 21.6 percent to 1.6 trillion yuan. High-tech and new-technology products, including integrated circuits and automatic data processing equipment and its components, accounted for nearly one-third of the total import value, said the local Customs.

AmEx in China with two debit cards via JV

American Express announced on Thursday its joint venture in China called Express (Hangzhou) Technology Service Co. It joined hands with Fuzhou, Fujian province-based Industrial Bank Co to introduce two AmEx-branded debit cards, the first debit products to support renminbi transactions on the AmEx network. Other Chinese issuers such as China Merchants Bank, China CITIC Bank and China Guangfa Bank will also launch AmEx-branded debit products in the coming months.

Wenzhou LNG project's storage tank gets dome

The dome of No 2 storage tank of the Huagang liquefied natural gas project was successfully installed in time on Thursday in Wenzhou, Zhejiang province. The project, as one of 53 LNG receiving stations along the country's coast, is being built by China Construction Electric Power Construction Co Ltd for Huafon Group. With a total investment of 10.6 billion yuan ($1.64 billion), the project will further improve the natural gas system in Zhejiang and contribute to energy reserves and carbon emission reduction.

Xinhua - China Daily