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China's leading heavy industrial equipment manufacturers, including Guangxi-based Liugong Machinery Co Ltd, Shandong-based Shantui Construction Machinery Co Ltd and Jiangsu-based Xugong Group Construction Machinery Inc, have decided to lift the price on their loaders due to the rising cost of manufacturing materials such as steel, rubber, aluminum and iron castings.
China's internet data services, including data center and cloud computing businesses, realized 11.62 billion yuan (.67 billion) in revenue in 2019, an increase of 25.6 percent from a year earlier, People's Daily reported on Wednesday, citing a report from the China Academy of Information and Communications Technology.
China's new round of reform of its State-owned enterprises will further encourage them to be the country's major force driving the Belt and Road Initiative via win-win projects, high operational efficiency and flexible business layouts, political advisers and business leaders said on Sunday.
China's exports grew by 10.4 percent year-on-year to 1.69 trillion yuan in July, while its imports rose to 1.24 trillion yuan, growing by 1.6 percent from same period a year earlier, the General Administration of Customs said.
China's currency, the yuan, is convertible for trade purposes under the current account, while the capital account, which covers portfolio investment and borrowing, is largely run by the state in an effort to control capital flows in and out of the country.
来源：资阳报