Shanghai sees growth in foreign trade

Foreign trade rose by 2.2 percent to 3.15 trillion yuan ($481.6 billion) in Shanghai during the first 11 months of this year, data from Shanghai Customs showed. From January to November, exports rose by 0.5 percent to 1.25 trillion yuan, while imports rose by 3.4 percent to 1.9 trillion yuan. Trade with the European Union, Shanghai's largest trading partner, stood at 620.4 billion yuan, up 4.2 percent year-on-year and accounted for 19.7 percent of total foreign trade during the period.

Beijing's industrial profits up 3%

The profits of major industrial firms in Beijing rose 3 percent year-on-year to 156.46 billion yuan ($24 billion) in the first 11 months of this year, authorities said on Tuesday. Among the 39 major industrial sectors, 20 saw year-on-year growth in profits from January to November, according to the Beijing Municipal Bureau of Economy and Information Technology. The auto manufacturing sector reaped a total profit of 36.42 billion yuan during the period, up 24.7 percent year-on-year, while the profit in manufacture of computer, information technology and other electronic products rose by 9.2 percent year-on-year to 20.59 billion yuan. Major industrial companies refer to those with an annual business turnover of at least 20 million yuan.

Record production at Changqing Oilfield

Changqing Oilfield, China's largest oil-and-gas field, produced a record 60 million metric tons of oil equivalent of crude oil and natural gas so far this year. Located in Northwest China's Erdos basin, the oilfield became the first oilfield in China to hit the 60-million-ton mark in annual oil and gas output, a landmark in China's energy history.

Xinhua