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China Eastern Airlines signed agreements with CFM and Honeywell, respectively, worth more than .1 billion, accounting for 83 percent of the carrier's total contracts expected to be placed during the 3rd China International Import Expo, said the Shanghai-based airlines on Thursday.The agreement with CFM, one of the world's leading suppliers of jet engines for single-aisle aircraft, includes Rate per Flight Hour (RPFH) maintenance agreement for LEAP-1A engines and six backup engines. The deal with Honeywell entails the purchase of 131-9A APUs (auxiliary power units).China Eastern is projected to sign 23 contracts with companies from 11 countries and regions during this year's CIIE, outnumbering 14 of last year. The deals include products and services of aviation engines, in-flight food and beverage, aviation equipment, fuel, fresh food, specialty vehicles and maintenance services.Being the world's largest consumer market, China shows the promising outlook for aviation market players. China Eastern is resolved to tap into opportunities presented by China's consumption upgrade with its procurement deals.
China and Spain should take concrete steps to deepen trade and other partnership activities as they mark the 45th anniversary of the establishment of diplomatic relations, a senior Spanish scholar said.
China Everbright Bank, a large joint-stock commercial bank, said in October that its parent, China Everbright Group Ltd, had converted 5.8 billion yuan of convertible bonds to equity capital. The move will help boost its "core tier-1" capital to risk-weighted assets ratio－a key gauge to measure banks' capital cushion－by 15 basis points, according to Moody's Investors Service, a global credit ratings agency.
China Merchants Bank (CMB) Private Banking’s assets under management have reached a new record and exceeded two trillion yuan (2.79 billion), Securities Times reported Monday.
China National Nuclear Corp employees pack medical supplies for use in Wuhan on Feb 9, 2020. [Photo provided to China Daily]
来源：资阳报