Shanghai moves up the financial ladder

Shanghai has improved its ranking among global financial centers by taking the fourth position in the 27th edition of Global Financial Centers Index published by the British think tank Z/Yen Group and the China Development Institute in Shenzhen. This is the fourth consecutive time that Shanghai is in the top five financial centers since September 2018.The top 10 financial centers in the world are New York, London, Tokyo, Shanghai, Singapore, Hong Kong, Beijing, San Francisco, Geneva and Los Angeles. A total of eight cities in the Chinese mainland were on the top 100 list. To wit: Shanghai, Beijing, Shenzhen, Guangzhou, Chengdu, Hangzhou, Qingdao and Tianjin.

Mask exports from Jiangxi increase

East China's Jiangxi province exported 11.43 million masks and 130,000 protective suits by March 23, according to data provided by the customs department in Nanchang, capital of the province. The province will further assist medical products manufacturers and increase the exports of medical protective materials, local authorities said. It has also released information such as prices and enterprise contacts on cross-border e-commerce platforms to help manufacturers receive orders online. Nanchang Customs has also set up special service windows for the clearance of medical protective materials.

Weichai Power net profit up in 2019

Weichai Power Co Ltd, a leading Chinese powertrain producer, posted a 5.2-percent year-on-year growth in net profit for 2019. The company said its net profit attributable to shareholders was around 9.1 billion yuan ($1.29 billion) last year. Meanwhile, the business revenue of the company stood at 174.36 billion yuan, up 9.5 percent year-on-year. Weichai Power expects its 2020 sales revenue to reach nearly 188.5 billion yuan, up around 8 percent over the previous year. The company will continue to increase emphasis on research and development and breakthroughs of core and key technologies, to create more competitive products.