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The major driving forces of China's economy would be property development, corporate investment and exports next year, instead of government-led spending for this year, a top economist said Monday at a forum in Xiamen in eastern Fujian province. The Chinese government has arranged an economic stimulus package valued at 4 trillion yuan ($586 billion) to p...
As rumors flew following Google China's President Kai-fu Lee's resignation last Friday, Lee said in his blog his reason for leaving was because his new job is "overwhelmingly exciting!" "I work hard, not because I am poor, but because of my passion for work. To create my new company I will again undergo a process of building up a new career from nothing...
The government is attempting to pass the baton of growth from State-funded infrastructure investment to the private housing sector, a risky but necessary move to sustain the economic recovery. Construction cranes sprouting in big cities, busy furniture shops and soaring property sales all show that the transition is going smoothly so far. But officials ...
The Chinese economy is experiencing a "V" shape recovery and the growth rate may reach 8 percent both this year and next year, Chinese economist Fan Gang said in Beijing on Saturday. Fan, a monetary policy adviser to China's central bank, said at the 2009 annual conference of CEO in Beijing, that the economy will see a sustainable recovery and will be ba...
China Unicom (Hong Kong) Ltd said Sunday that it signed a deal with Telefonica, the Spanish telecom operator, to enhance their alliance by spending $1 billion each on share purchase. China Unicom would acquire shares equal to about 0.885 percent to 0.892 percent of stake in Telefonica, according to the company's statement to the Shanghai Stock Exchange. ...
The money-earning capability of China's top 500 enterprises has exceeded that of their United States counterparts for the first time, as the sweeping financial crisis pummeled many US firms while China is already entering an economic recovery. Net profits for the Chinese companies stood at $170.6 billion in 2008, well above the $98.9 billion for US compa...
US-China IP Protection Cooperation and Research Forum, hosted by John Marshall Law School, opened in Chicago Thursday, calling for greater promotion of cooperation in IP education and related law enforcement between the two countries. The theme of the Forum is to celebrate the extraordinary 15- year successful cooperation between the John Marshall Law Sch...
Chinese equities edged up on Friday, rising for the fourth trading day, led by metal stocks. The benchmark Shanghai Composite Index rose 0.58 percent, or 16.59 points, to finish at 2,861.61. The Shenzhen Component Index advanced 1.01 percent, or 115.63 points, to end at 11,519.68. Combined turnover increased to 219.46 billion yuan ($32.13 billion) fro...
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