New corporate credit evaluation framework

China will establish an institutional framework for the comprehensive evaluation of corporate credit status, according to a document recently released by the General Office of the State Council. The framework will strengthen the fundamental role of public credit evaluation while promoting its integration with market assessment, thereby facilitating financing for micro, small and medium-sized enterprises, it said. Unified rules will be established for public credit evaluation, together with standardized channels for publishing evaluation results. The document also called for stronger coordination mechanisms and improved management of credit evaluations across industries.

China-Laos Railway cargo trade rising

The China-Laos Railway has recorded robust growth in cross-border cargo trade, with its first-quarter value rising 62.7 percent year-on-year to 6.81 billion yuan ($995.5 million), a record high for the period. From January to March this year, exports of photovoltaic products surged 43.2 times year-on-year to 1.19 billion yuan, while imports of fresh and dried fruits doubled to 500 million yuan, according to Kunming Customs in the border province of Yunnan, Southwest China. The railway is emerging as an efficient two-way corridor for "Chinese manufactured goods heading south and Southeast Asian specialties heading north," Kunming Customs said.

Xinhua - China Daily