BEIJING Ivan Perisic Croatia Jersey , Feb. 2 (Xinhua) -- Chinese stocks closed higher Friday led by coal and cement sectors.
The benchmark Shanghai Composite Index went up 0.44 percent to close at 3,462.08 points. The Shenzhen Component Index closed 0.56 percent higher at 10,925.16 points.
The ChiNext Index, tracking China's NASDAQ-style board of growth enterprises, gained 0.3 percent to end at 1 Gordon Schildenfeld Croatia Jersey ,702.43 points Friday.
Combined turnover on the two bourses stood at 462.8 billion yuan (73.8 billion U.S. dollars), down from 567 billion yuan the previous trading day.
Nearly 1,200 stocks gained among the two bourses with coal and cement sectors leading the rise.
Shanxi Coking surged by the daily limit of 10 percent to close at 13.71 yuan and Gansu Shangfeng Cement rose by the daily limit of 10 percent to end at 12.91 yuan.
Listed companies in China reported rapid profit growth in 2017 as the country's supply-side structural reform began to bear results.
Most companies in traditional sectors such as coal and steel posted strong growth on the back of the country's economic restructuring and business environment improvement.
Nineteen out of 20 companies that have released 2017 reports in the coal sector saw profit growth as China continues to slash excess coal capacity and product prices increase.
BEIJING, Dec. 21 (Xinhua) -- China's Ministry of Commerce (MOC) Thursday voiced opposition to the European Union's new anti-dumping methodology, saying it was imposing "misleading" standards for enterprises.
"Every country enjoys the right to choose its own development path Duje Cop Croatia Jersey , which should be respected by the international community," said MOC Spokesperson Gao Feng when commenting on the new EU anti-dumping methodology and its report accusing China of significant market distortion.
The EU has recently released new anti-dumping rules that remove the former distinction between "market and non-market economies" for calculating dumping. Instead, the rules require the proving of the existence of a "significant market distortion" between a product's sale price and its production cost.
It has also published a report on China, claiming that there were "significant distortions" within the economy.
"Practice has fully proven that China's socialist market economy with Chinese characteristics accords with China's reality and its economic development in the new era, and it has won positive evaluation from many other countries Domagoj Vida Croatia Jersey ," Gao said.
"EU leaders have repeatedly expressed hopes that they want China-EU economic and trade relations to be sound and stable...which has so far maintained good momentum," he said, citing figures that bilateral trade between the two sides has climbed 12.7 percent in the Jan.-Nov period.
"China hopes the EU side would 'walk the talk' and guide its enterprises in a right way to truly protect China-EU trade and economic cooperation," Gao said. "China reserves its rights under the WTO dispute settlement mechanism and will take necessary measures to protect its legitimate interests."
Zhang Xiaodong (right) makes leather items in her studio in Xi'an, Shaanxi Province on October 26. Photo: CFP
A college graduate who turned to making handicraft leather products in Xi'an Darijo Srna Croatia Jersey , Shaanxi Province, has made headlines recently. Majoring in engraving in university, Zhang Xiaodong tried a number of jobs unrelated to his major before he eventually found success with his handicraft business.
Zhang is among a small group of people who have found success and also satisfaction in devoting themselves to handicrafts, a rising trend in fashion. Delicately made handicraft articles that are unique and reflect the dedication of craftsmen, leather goods Danijel Subasic Croatia Jersey , wooden products, or pieces of pottery are becoming the new favorite for people looking for a more refined way of life that can express their individuality.
Like Zhang, other enterprising individuals have created business opportunities for themselves by dedicating themselves to handmade items that stand sharply opposed to today's industrialization and mass production. However, compared to mass-produced goods, the market for handicraft items is still very small. Craftsmen need to spend a large amount of time and effort to attract customers. This high cost of labor and time usually means that handicrafts are more expensive than ordinary products. Yet Ante Coric Croatia Jersey , despite this there are still people willing to buy these items.
From purse to furniture
A number of stores dedicated to handmade leather products have sprung up in Guangzhou, Guangdong Province. Demonstrating a fashionable sense of good taste, these stores produce leather articles that show strong individuality. Though hand-made, they are very exquisite and of a quality equal to that of many famous fashion brands. Most importantly, you never need to worry that you'll run into someone who has the same exact purse or jacket as you because each item is completely unique.
In addition to Zhujiang Andrej Kramaric Croatia Jersey , there are also craftsmen selling leather goods on online retailing platform Taobao. Mostly run by people in their twenties and thirties, these stores are rather low profile as they spend more time and energy on taking care of their staff than marketing themselves.
Bonnie is one of these young people selling hand-made leather products on Taobao. A year ago, she and three friends who shared her interest in handicrafts opened a handmade accessory studio in Guangzhou, Guangdong Province. Inspired by cats, most of their leather purses Vedran Corluka World Cup Jersey , mobile phone bags and so on are all shaped like man's feline companion.
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