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Li said that effective market exploration had contributed to the 2009 results. Many enterprises, he said, accelerated their moves towards globalization, but had also benefited from the expansion of the domestic market. According to Li, measures to lower operational costs had also proved effective. Budget management and the centralized control of group f...
The market scale of online games in China reached 25.8 billion yuan ($3.7 billion) in 2009, a 39.5 percent increase over the previous year, a white paper on online game development released by the Ministry of Culture (MOC) said on Monday. The document said the domestic games' market size surged 41.9 percent last year to occupy 61.2 percent of the entire ...
An amendment to the implementation rules of the Patent Law, made public Monday, detailed the procedure of government scrutiny over domestic inventions before they are submitted for foreign patent application. The rules were amended to be in line with the latest amendment to the Patent Law, said a statement from the State Council Legislative Affairs Office...
China's power consumption would rise 7 percent this year if the country could maintain an 8-percent growth of economy, Wang Xudong, chief of the State Electricity Regulatory Commission (SERC), said on Monday. Because the economy would continue to improve this year, the power consumption is expected to steadily increase to 3.9 trillion kilowatt-hours, a r...
China's banking regulator said Monday night commercial bank lending should be studied and planned by boards of directors while reiterating a reasonable pace and quality of lending. A spokesman of the China Banking Regulatory Commission (CBRC) said commercial banks should meet requirements for capital adequacy and provision coverage, and should improve ri...
Economy chugs along at good pace, but some red lights ahead Even as China is set to achieve its targeted goal of 8 percent growth in gross domestic product (GDP) for 2009, economists have stressed that tackling high inflation should be the top priority for policymakers this year. Inflation is likely to accelerate to more than 5 percent before the middle...
UNDER the headline, "As China rises, fears grow on whether boom can endure", The York Times says that China's economic boom may turn into a bust, because of too much stimulus spending and a refusal to unpeg the rising yuan to the sinking dollar. "China once could wave off complaints about its currency policies, arguing that it was a developing nation ent...
An assembly line of Chinese automaker Geely was officially launched in Russia's Caucasus republic of Karachay-Cherkessia, local media reported Saturday. Russian car company Derways has started body welding and other assembling work of Geely-brand vehicles on Friday, according to Russian state TV channel Russia-24. Some 1,100 units were expected to be p...
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