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China Tower priced its IPO last week at the bottom of an indicative range, raising $6.9 billion in the world’s biggest listing since Postal Savings Bank of China Co Ltd’s (1658.HK) $7.63 billion Hong Kong float in 2016. The company operates 1.9 million tower sites and had 2.8 million tenants at the end of June, its IPO prospectus showed. It was formed in 2014 from the tower operations of China’s three state-backed telecoms providers - China Mobile, China Telecom and China Unicom - to reduce duplication.

China Tower Chairman Tong Jilu, speaking at the open of trading in Hong Kong, said the fact that the company could go public after just three years of operation showed its quality was recognised by investors, “I’m very happy that the international offering of our IPO has attracted global long-long funds, sovereign wealth 3d r2d2 cufflinks funds and hedge funds as well as high-quality Chinese investors,” he said, China Tower’s operating revenue in 2017 rose nearly 23 percent to 68.7 billion yuan ($10.07 billion), while profit rose more than 25 times to 1.9 billion yuan, Its three telecoms shareholders accounted for almost all its revenue last year..

BEIJING (Reuters) - China increased its coal imports in July by 14 percent to their highest in 4-1/2 years, official data showed on Wednesday, as rising temperatures boosted demand for coal-fired power to run air conditioners in the world’s top buyer of the fuel. Arrivals came in at 29.01 million tonnes last month, the General Administration of Customs said. That is the highest since January 2014. Imports rose 23.9 percent from 25.47 million tonnes in June and climbed 49.1 percent from 19.46 million tonnes in July 2017.

Electric power loads on the transmission grid in parts of China soared late last month because of high temperatures, with 3d r2d2 cufflinks southern areas of the Hebei province that surrounds Beijing reporting record demand and the State Grid Corporation of China [STGRD.UL] warning of power shortages, The China Meteorological Administration has been issuing regular heat alerts over the past few weeks, On Wednesday, it warned regions in western and southern China could see temperatures reaching as high as 40 degrees Celsius (104°F), which would continue to support demand for coal-fired electricity..

Increased buying of foreign shipments has also been spurred by curbs on domestic output as Beijing increases checks on heavy industry to clear air pollution. Thermal coal prices for delivery in September CZVU8 were up 0.1 pct to 614.2 yuan per ton before the lunchtime break on Wednesday after earlier hitting 623.2 yuan, the highest since July 13. The data is also another signal that customs has relaxed its checks on foreign shipments, which had slowed arrivals earlier this year. Cheng Gong, coal analyst at Zheshang Securities, said imports were higher than he expected.

“The authorities have vowed to ensure coal supplies and keep prices running smoothly during the peak season, therefore checks on imports could not be tightened in the short term,” he said, Year-to-date imports were up 15 percent at 175 million tonnes, Stockpiles at three major coal ports in northern China rose 0.9 percent to 2.51 million tonnes as of Aug, 3 from the prior week, according to data compiled by data supplier Wind, Stocks at six major utilities added 391,000 tonnes 3d r2d2 cufflinks last week to 15.35 million tonnes..

BEIJING (Reuters) - Certain people who want to wield the “stick of hegemony” on China with tariffs for their own personal ends will only end up hurting themselves, major Chinese state newspapers said on Wednesday in a unified message against the United States. China and the United States are locked in an increasingly bitter trade war, with Washington set to begin collecting 25 percent tariffs on another $16 billion in Chinese goods on Aug. 23, the latest move by President Donald Trump to put pressure on Beijing to negotiate trade concessions.

The latest commentary from state media took a softer line after resorting to personal attacks against Trump earlier in the week, saying China could get 3d r2d2 cufflinks through the storm but not directly mentioning the U.S, president, All China’s main state newspapers published a lengthy commentary by the official Xinhua news agency, entitled “declaration”, on their front pages on Wednesday, The Chinese people had weathered hardship and crisis in the past through their resilience and were progressing toward prosperity, the commentary said..

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