China Launches 7 New Free Trades Zones Across the Country

Seven new free trade zones (FTZ) began operation across China on April 1, with the aim of further opening up the country and coordinating development between various regions. The new zones are in the provinces of Liaoning, Zhejiang, Henan, Hubei, Sichuan and Shaanxi, as well as in Chongqing municipality, with each area having its own

Chinese Cargo Containers Arrive in Hungary via Ningbo-Athens-Budapest Trade Route

The first two trains carrying Chinese cargo containers, launched by China COSCO Shipping Group, arrived in the Hungarian capital, the Economic and Commercial Counselor’s Office of the Chinese Embassy in Hungary said Tuesday. The shipments arrived here on Jan. 29 and Feb. 5, respectively, from the port of Piraeus, Greece, marking the official opening of

Chinese Investment Bank Promotes Traditional Huangjiu (Yellow Wine)

Forget beer and wine made from grapes. In China’s alcoholic drinks market, it’s all about another, equally old boozy beverage. Yellow rice wine, sometimes known as liquid cake, dates back to the Shang Dynasty (c.16th century-11th century BC) more than 3,000 years ago. It is the fastest growing mass-market alcoholic drink in China, with sales

Zhejiang Province to Looks to Replace More Farmers with Machines Amid Modernization Push

China has chosen one of its most affluent provinces, Zhejiang, to pilot the strategy of replacing farm laborers with machines. Zhejiang agricultural department confirmed on Monday [10 October 2016] that the province has set a timetable of becoming a paradigm of modern agriculture by 2020…Full Article: The Global Times Oct 2016 Key Point By 2020,

Braised Chicken and Rice the Most Common Food Transaction on Alibaba’s Alipay E-Payment System

Consumers from Zhejiang province were the second-biggest spenders by Alipay in 2015, only second to their counterparts from Shanghai, according to an annual report released by the country’s largest online payment platform. The report showed the average individual in Shanghai spent 104,155 yuan ($15,703) on Alipay last year. Zhejiang’s consumers ranked second with average per

Chinese Scientists Complete the Genome Sequencing of Mustard

Chinese scientists have mapped the genome sequence of allopolyploid Brassica juncea, or mustard, a vegetable commonly used in Chinese cooking. Zhejiang University’s Zhang Mingfang, who is a member of the research program, said Tuesday [13 September 2016] that the sequencing would help scientists understand and improve the agriculturally important vegetable…Full Article: The Global Times Sept