Hainan FTP inks deals for 12 major projects

Twelve overseas enterprises, including tourism giant TUI Group from Germany, signed cooperation agreements for major projects within the free trade port in South China's Hainan province on Thursday. Fifty-nine major projects, including 12 foreign-funded and 47 domestic ones, were agreed, covering tourism, the modern service industry and high-tech industries, with an estimated total investment of 14.2 billion yuan ($2 billion). The signing ceremony also unveiled 20 investment-promotion projects that are open to global investors, in areas such as new-energy vehicles, tourism, offshore trade and duty-free retail.

Nation top destination for Mongolian exports

China remained the top export destination for Mongolia during the first seven months of this year, and accounted for 68 percent of the country's total exports, the Mongolian National Statistics Office said. China was also the top source for Mongolian imports in the January-July period, accounting for 35.2 percent of the total imports.

Great Wall Motor car output up last month

Great Wall Motor Co Ltd, China's largest sport utility vehicle and pickup manufacturer, said production and sales rose in July. The Baoding, Hebei-headquartered company manufactured 73,610 cars last month, up 22.98 percent on a yearly basis. Sales in July climbed 29.79 percent year-on-year to 78,339 units. In the January-July period, Great Wall Motor manufactured 464,643 cars, down 16.58 percent on a yearly basis.

Xinhua