Ma Jiantang, who is the National Bureau of Statistics Director, quoted Premier Wen Jiabao’s words “worse than expected” when he expressed the effect of the global financial storm on China on Tuesday.
After the central government announced last Sunday a 4 trillion yuan ($586 billion) stimulus package to boost the economy, it is the first time the personal evaluation of the premier was made public on the situation.
The Read more…
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China, crisis, effect, government, storm, yuan
Although still on the rise in November, Foreign direct investment (FDI) begins to decline in capital inflows amid global economic turbulence.
According to the Ministry of Commerce on Nov 12, for the first 10 months, FDI reached 81.1 billion, up 35 percent compared to 45.6 percent for the first half of this year. The ministry did not release the Read more…
Popularity: 3%
billion, China, FDI, figure, investment, turbulence
The provincial development and reform commission said on Monday that Guangdong, one of the nation’s key economic powerhouses, will spend 2.37 trillion yuan ($347 billion) on 222 items constrained in 10 projects in the coming five years.
Of the total mount, about 1.26 trillion yuan will be used to build expressways, extend railway tracks, refurbish ports and airports, and build power generation plants. 731.2 billion yuan will put to boost the advanced manufacturing and modern service industries which include Read more…
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$347b, China, development, Guangdong, key, regorm
In a news release the day before yesterday, the China Atomic Energy Authority (CAEA) said that at least nine nuclear power plants will be established over the next two years.
In response to the publication of the release, CAEA official Song Gongbao dais, with the four NPP projects currently under construction, the scale of building nuclear power plants in China is “large and unprecedented.” Read more…
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CAEA, China, plants, power, province
Based on a report released by the Development Research Centre of the State Council, there are almost 40 cities in China building or planning to add 3,000 km of urban rail lines.
The projects that setting up and operating about 1,700 km in 15 cities by 2015 while other cities getting a green light will spend at least 600 billion yuan ($88 billion), according to the report.
Liu shijin, deputy chief of the centre said last Friday that the unexampled Read more…
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China, city, line, network, project, rail
It has been demonstrated that for business innovation, setting economy-wide targets for boosting the share of renewables as a share of total energy source is a vital platform. Chinese companies are ranking tops in solar power, rechargeable batteries for mobile phones and electric cars in the global market.
Today’s new frontier is energy efficiency. Chinese business, encouraged by the government’s aim of raising the energy efficiency of the economy overall by 20 percent Read more…
Popularity: 14%
business, China, energy, innovation, productivity, profit
In the first three quarters, Shenzhen registered an 11.5 percent growth in gross domestic product (GDP) despite global financial turbulence.
Boosted by the hi-tech industry, especially the electronic information industry, industrial output of sizable enterprises reached 1.12 trillion yuan during the period, which rose by 14.5 percent. IT sector plays an important role in the significant rise. This sector grew by 16.4 percent to 111.35 billion yuan, which is 4.9 percent Read more…
Popularity: 14%
China, GDP, industry, IT, product, Shenzhen
Gavin Newsom, the mayor of San Francisco, arrives in Shanghai today to launch a privately funded business recruitment initiative. This is a part of the city’s drive in the past two years to further ties with China and its own environment projects. Before he arrived in the financial centre, he said energy dependence and establishing a stronger relationship with China are the two important things for them.
The ChinaSF, which Read more…
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China, mayor, relationship, San Francisco, U.S.
Clean tech companies have got $10 billion investment from venture capitalists (VCs) since 2000. The investment approached $4 billion in 2008 alone. 70% of the money is in the United States, less than 10% of that in China.
US VCs will invest in clean tech most within 5 years. The majority of venture capital dollars have been captured by sustainable power generation such as solar, wind and biofuels.
Where Read more…
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capital, China, dollars, investment, technologies
It is time to seek medical help if you feel tense and angry because you cannot get online. A new Internet Addiction Disorder (IAD) diagnostic manual approved over the weekend by psychologists has shown that Internet addiction now is considered a clinical disorder rather than a bad habit.
Two major symptoms have been identified—lingering online for more than six hours a day and having adverse reactions from not being able to get online. Based on the report, suffers usually Read more…
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addiction, disorder, help, manual, net
Ma Jiantang, who is the National Bureau of Statistics Director, quoted Premier Wen Jiabao’s words “worse than expected” when he expressed the effect of the global financial storm on China on Tuesday.
