Briefly

Daqing Oilfield Q1 output tops 10m tons

Oil and gas output of Daqing Oilfield Co Ltd stood at 10.61 million tons of oil equivalent in the first quarter, the company said on Tuesday. Daqing Oilfield, located in Heilongjiang province, is one of the country's largest oil production bases. Last year, the company's oil and gas output reached 43.22 million tons of oil equivalent. Despite increasing difficulties in exploitation, the company is aiming to produce more than 40 million tons of oil equivalent this year to ensure China's energy security.

Projects worth $2b inked at Hainan FTP

Thirty-six projects with total investment of 13 billion yuan ($2 billion) were signed on Monday at Hainan Free Trade Port, said local authorities. The projects cover fields including modern logistics, biomedicine, high-end manufacturing, digital economy, offshore trade, business aviation, modern finance and high-tech agriculture. Among them, 21 are related to biomedicine, a major driver of the local economy. By the end of last year, biomedicine had become a 37.6 billion yuan industry in Haikou.

Xinhua