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QINGDAO TODAY
在线翻译:
szdaily -> Business -> 
At a Glance
    2019-10-14  08:53    Shenzhen Daily

Developers’ leverage

PROPERTY developers in China will see lower leverage in the next 12 to 18 months as revenue growth outpaces debt growth, a report showed.

Credit metrics of 53 Chinese developers rated by Moody’s will improve during the period on robust revenue growth, a result of strong contracted sales growth in the past two to three years, said a report by the credit rating agency. Large-scale developers will drive the overall leverage improvement across rating categories, due to strong contracted sales growth in the past few years.

Pork imports

CHINA’S imports of U.S. pork surged to a weekly record after African swine fever devastated the Asian nation’s hog herd.

In the week ended Oct. 3, imports soared to 142,200 tons, U.S. Department of Agriculture data showed. For all of September, shipments were 19,900 tons. China signaled it may import as much as 400,000 tons to stem a domestic shortfall.

Farm insurance

THE Ministry of Finance on Saturday published suggestions for improving the country’s agricultural insurance to better protect farmers.

In a document released on the ministry’s website Saturday, the ministry advocated, among other things, increased coverage and insurance to protect farmers from the impact of natural disasters and changes in agricultural product prices.

Software, IT service

THE revenue of China’s software and information technology (IT) service industry reported stable growth in the first eight months, official data showed Saturday.

The software and IT service sector raked in a total of 4.49 trillion yuan (US$634 billion), with a year-on-year growth of 14.9 percent, according to the Ministry of Industry and Information Technology.

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