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Guangdong province in south China has pledged to invest more than 40 billion yuan to build infrastructure projects in the province's rural areas before 2012. The projects include transportation, energy supply, telecommunications, water conservation and scientific innovation. The move aims to further improve the investment climate in the provinc...
Figures released Wednesday by China’s Ministry of Commerce show that 22,736 foreign funded enterprises were set up over the first ten months of the year, down by 26.24% over the same period of last year. The actual use of foreign investment reached nearly 81.1 billion USD, up by 35.06%. Source: People’s Daily Online
China's retail sales grew at an annual rate of 22 percent in October, down 1.2 percentage points from September, the National Bureau of Statistics said on Wednesday. Source: Xinhua
Exports continue to rise although growth has slowed because of the global economic downturn, according to Customs figures released yesterday. Exports reached $128.3 billion in October, up 19.2 percent year-on-year, but down from the 21.5 percent increase for September and the 22.3 percent rise for the first three quarters of the year. Experts say th...
Guangdong province, one of the nation's key economic powerhouses, will spend 2.37 trillion yuan ($347 billion) on 222 items contained in 10 projects in the coming five years, the provincial development and reform commission said on Monday. About 1.26 trillion yuan will go toward building expressways, extending railway tracks, refurbishing ports and air...
China's producer price index (PPI) rose at a slower annual rate of 6.6 percent in October, the National Bureau of Statistics (NBS) announced on Monday. The rises in factory gate prices were down from 9.1 percent in September and the 12-year high of 10.1 percent in August. Source: Xinhua
Chinese exporters expressed their deep regret on Sunday at a European Commission's decision to propose anti-dumping duties up to 87 percent on Chinese-made screws and bolts. The decision is fundamentally flawed because the European Commission's own analysis indicates that European manufacturers of these products have not suffered any damage as a resul...
China's new home-buying policies were meant to make it easier for people to put a roof over their heads, but they've brought nothing but trouble to Xi Ning and his fiancee, who've quarreled many times before even getting the keys to a new home. Xi, a 26-year-old journalist in Beijing, signed an agreement on Oct. 19 to buy a second-hand apartment. A we...
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