Briefly

Bond market plays bigger role

China's bond market is playing a growing role in serving the real economy, data from the central bank showed. By the end of August, the balance of various bonds in China totaled 142.3 trillion yuan ($20.24 trillion), the second-highest level globally, said the People's Bank of China. The country's direct financing scale has expanded thanks to the development of the bond market. Net bond financing accounted for 31 percent of the country's total social financing by the end of last month, up 10 percentage points from the same period in 2017.

Commercial vehicle production, sales up

Production and sales of commercial vehicles in China rallied in August amid significant progress in infrastructure construction, industry data showed. The country's commercial vehicle output stood at 238,000 units last month, up 3.1 percent year-on-year, said the China Association of Automobile Manufacturers. In the same period, some 258,000 commercial vehicles were sold in China, up 4 percent from the same period last year and climbing 5 percent from July.

CGN's green nuclear plant unit gets dome

China's first ecological nuclear power plant, China General Nuclear Power Group's Taiping Mountain Nuclear Power Project in Guangdong province, has completed the dome lifting of its HPR1000 Unit 2 nuclear island. This marks an engineering breakthrough from construction to equipment installation. The power plant adopts China's independent HPR1000 nuclear power fusion technology. CGN plans to build six megawatt-class nuclear power units in three phases.

Xinhua - China Daily