Briefly

Amphibious aircraft secures new order

China's independently-developed AG600M large amphibious aircraft has secured a new order for five aircraft, the Aviation Industry Corp of China announced on Friday. AVIC General Huanan Aircraft Industry Co Ltd and Jiangsu Xiangyue General Aviation Co Ltd on Thursday signed a purchase agreement for five AG600M firefighting aircraft, said the AVIC, the country's leading plane-maker. The new order shows that the Chinese homegrown large amphibious aircraft model is taking concrete forward steps on the path of effective market entry, said the AVIC.

Shale gas field sees output expansion

As of the end of November, Fuling, China's largest shale gas field, has produced over 53 billion cubic meters of shale gas over the past decade since it was discovered in 2012. Shale gas is mainly methane and is considered a clean new energy resource. Over the past 10 years, the gas field has posted proven reserves of 897.5 billion cubic meters in total, accounting for 34 percent of China's proven shale gas reserves. Fuling also has seen its annual output grow from 142 million cubic meters in 2013 to more than 8.5 billion cubic meters in 2021. As China's first large-scale shale gas field to enter commercial development in 2014, Fuling in Southwest China's Chongqing municipality has brought green and clean energy to more than 70 cities along the Yangtze River Economic Belt.

Jiangxi's foreign trade up 36% in Jan-Nov

Foreign trade volume of East China's Jiangxi province reached 610.09 billion yuan ($87.98 billion) in the first 11 months of 2022, up 36 percent year-on-year, official data showed. Of the total foreign trade volume, Jiangxi's exports rose 39.9 percent year-on-year to 463.07 billion yuan, while imports went up 25.2 percent to 147.02 billion yuan, according to Nanchang Customs in the provincial capital. From January to November, the Association of Southeast Asian Nations, the United States, and the European Union were Jiangxi's top three trading partners.

RMB weakens against greenback

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 448 pips to 6.9791 against the US dollar on Friday, according to the China Foreign Exchange Trade System. In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. The central parity rate of the yuan against the US dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Xinhua - China Daily