Shandong became only the second province to reach a GDP of over 3 trillion yuan in 2008. While most of the economies across the world are suffering from the current financial uncertainties, Shandong, the eastern coastal province, impressed all by a 2008 GDP of 3.11 trillion yuan—a growth of nearly 12.1 percent, achieving an accomplishment previously only matched by China’s traditionally most prosperous province—Guangdong.
According to a more in-depth analysis of the figures, it was also Shandong’s Read more…
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China, crisis, economy, GDP, growth, province, Shandong
Because of the 29 percent rise of China sales for its patent medicines, the Swiss drug maker Novartis shows that they may start six new medicines in the domestic market this year.
Senior company executives forecasted that there would be 30 percent growth in sales as sales rose to 3.3 billion yuan in 2008.
Jeffrey, chief executive officer, Novartis China said that 2008 is the best year in their sales in recent years, in spite of the financial turmoil.
This year, a global sales growth of five percent is Novartis’ target. According to Li, the proportion of Novartis’ global sales in China is one percent.
2.26 billion yuan has already been invested and more will be laid in establishing infrastructure, research and Read more…
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China, company, drug, economy, growth, market, Novartis
The General Administration of Customs announced on February 11, that the growth of China’s steel export that has lasted as long as 10 years finally declined by 5.5 percent year-on-year in 2008, which was a warn of threat to the field this year.
Customs said on its website that the steel export in China fell down to 59.23 million tons in 2008 whereas the export value has climbed up to $63.44 Read more…
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China, economy, export, growth, market, steel
The latest figures from the provincial statistics have shown that Jiangsu province is rejuvenating after the blow of the global financial recession and radiating potential of steady growth this year.
Jiangsu, obviously shown from the statistics, regained investment growth in the last two months of 2008. Also, the vitality was resumed to the sales of commercial residential properties with the 233 percent monthly growth in residential space last December. Even the companies, mainly dealing with export business and being one of the targets that the global financial crisis attacked most severely, have found its turning point. There is a total value of $234 billion in this respect, with an increase of 16.9 percent.
The provincial governor Luo Zhijun made the comment in his government report at the second session of the 11th provincial people’s congress that opened Read more…
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China, economy, growth, investment, Jiangsu, recession
Since October 2008, a series of conferences have been held timely and roundly by the Information Office of the State Council, aiming to give a full explanation for the government’s solution, as well as achievements in handling the financial crisis and guaranteeing a sustain rapid growth in economy, said by an official with the organization in a recent interview. He added that with the strength of those conferences hosted, Read more…
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achievement, China, conference, economy, growth, office, solution
Dujiangyan
In the 21st century Dujiangyan has become an international tourist destination attracting visitors from home and abroad.
Traditionally reputed as the Fountain of the Land of Abundance, Dujiangyan in Chengdu city boasts thousands of years of water culture and Taoist culture that are profound, sophisticated and celebrated domestically and internationally.
With an average annual temperature of 15.2 Read more…
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China, development, economy, growth, places
The country’s top leadership guaranteed the taking steps to ensure a “stable and relatively fast” economic growth next year after the three-day Central Economic Work Conference (CEWC) in Beijing on December 10, 2008.
President Hu Jintao and Premier Wen Jiabao addressed at the annual conference that policymakers plan to boost domestic demand and carry out economic restructuring to maintain a sound economic growth amid the deepening global financial crisis.
Under the worsening global economic situation, the World Bank was forced to cut its growth forecast for the world economy from 1 percent to 0.9 percent next year. And the global trade volume would decrease by 2.1 percent, it said.
To tackle the crisis, the government Read more…
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Beijing, CEWC, China, domestic demand, economy, growth
The issue that how to ensure at least 8% economic growth next year while at the same time accelerating the nation’s economic restructuring is being discussed at the annual Central Economic Work Conference.
The conference which began in Beijing on Monday will come to an end today. The three-day event is expected to how more details on how the government will use fiscal and monetary measures to support employment and domestic demand, while reducing excessive dependence on exports.
According to Song Hong, a researcher with the Chinese Academy of Social Science (CASS), the meeting will announce the detailed measures for the goal of economic growth in Read more…
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China, economy, growth, measure, package, stimulus
According to the nation’s think tank the day before yesterday, China’s GDP growth could get 9% next year.
Because of the moves of stimulating investment and consumption, it is believed that the GDP growth could get 9% next year—with 70% possibility.
Wang Tongsan, a senior economist also holds the same opinion, he said Read more…
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China, domestic demand, economy, GDP, growth, package, spur, stimulus
The four-day CeMAT ASIA 2008 exhibition these days in Shanghai is witnessed by famous global brands for logistics technology and equipment that how China has developed the industry at the exhibition.
This exhibition provides Chinese logistics equipment and manufacturers with a big opportunity to showcase their new technology and products while looking for potential business cooperation among foreign counterparts. Some 380 exhibitors from 25 countries and regions Read more…
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CeMAT, growth, industry, logistics, rapid
Shandong became only the second province to reach a GDP of over 3 trillion yuan in 2008. While most of the economies across the world are suffering from the current financial uncertainties, Shandong, the eastern coastal province, impressed all by a 2008 GDP of 3.11 trillion yuan—a growth of nearly 12.1 percent, achieving an accomplishment previously only matched by China’s traditionally most prosperous province—Guangdong. 
