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China supplies 73.5 metric tons of petrol to Nepal

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Kathmandu: Nepal has received 73.5 metric tons of petrol in the first batch of Chinese delivery, a Nepali official said on Sunday.

The first fuel delivery came through 12 fuel tankers sent by the Nepal Oil Corporation(NOC) to China on Saturday and Sunday.

“We have received 73.5 metric tons of petrol from China in these two days,” NOC spokesperson Deepak Baral told Xinhua.

The fuel-filled tanks have been on the way from the northern hilly district Rasuwa to the Kathmandu valley, said the official.

(IANS)

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China’s industrial expansion slows down

Chinese manufacturing sector activity expanded at a slower pace in December while the service sector continued its growth.

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China's industrial expansion on a slow down. Pixabay
China's industrial expansion on a slow down. Pixabay
  • This December, China witnessed a slow rate of it’s industry expansion.
  • The service sector is growing whereas the manufacturing sector is bearing the brunt of the slowed pace.

Chinese manufacturing sector activity expanded at a slower pace in December while the service sector continued its growth, according to the Purchasing Managers’ Index (PMI).

China's manufacturing industry experienced a slow growth rate. Pixabay
China’s manufacturing industry experienced a slow growth rate. Pixabay

The PMI of China’s manufacturing activity was released on Sunday. It stood at 51.6 points in December, down from 51.8 in November, Efe news quoted the figures released by the National Bureau of Statistics (NBS) as saying.

 In contrast, the service sector activity grew to stand at 55 points in December as compared to 54.8 in November.

A figure above 50 points suggests expansion while a figure lower than 50 indicates contraction. The service sector already accounts for more than half of China’s gross domestic product.

The December figure for the manufacturing index was at par with the annual average, which points to strong resilience in China’s growth, according to NBS statistician Zhao Qinghe. IANS

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