According to a more in-depth analysis of the figures, it was also Shandong’s 17th consecutive year of posting a double-digit growth, the province’s per capita GDP also firstly surpassed the 30,000-yuan mark.

Nevertheless, the provincial government is not taking the impressive figures as a mandate for relaxing their drive for economic expansion. On the contrary, it has released ambitious plans to sustain development across the whole province, particularly focusing on boosting the under-performing regions in Yellow River Delta and southern Shandong.

At present, some 72 percent of Shandong’s GDP is contributed by the province’s major cities like Jinan, Qingdao, Yantai and Weihai. Under the local government’s new strategy, growth of 10 major cities in Shandong will continue to be nurtured, though additional resources will be diverted into supporting the economically unsuccessful areas.

Even though they currently make comparatively small contributions to the province’s overall GDP, the local government has identified huge potential for future development among the natural resources and fine ecological balance in both the Yellow River area and the south of the province. Rich Coal reserves have already been identified in southern Shandong, whereas programs are already under way to develop the Yellow River Delta into both the nation’s second largest oilfield and one of most expansive wetland areas in China.

According to Jiang Daming, the governor of Shandong, the new development strategy will place an emphasis on integrating the major cities surrounding the provincial capital Jinan into a closely-linked city cluster, as well as developing a high-end manufacturing industrial zone in the eastern areas. The strategy also includes programs of building an ecologically-friendly economic zone in the Yellow River Delta and stepping up the development of the iron and steel industry in Rizhao, a port city in southern Shandong.

Jiang said a budget of 1.6 trillion yuan had already been earmarked to initiate the scheme with a majority of it being allocated to an infrastructure construction program. In spite of the ongoing uncertainties in global financial markets, the investment aims at ensuring the province maintains an annual GDP growth of at least 10 percent.

The program of urban facility construction, part of the initiative, will be accelerated in the two major cities of Jinan and Qingdao. 335 key construction projects, or a combined investment of 337.4 billion yuan, are expected to start in Qingdao alone in 2009. Another 204 projects, involving a total investment of around 166.1 billion yuan, are planned for Jinan. Furthermore, some 53 billion yuan will be used to improve port facilities in Qingdao, Yantai, Rizhao, Weihai and Jining. Meanwhile, 167.3 billion yuan will be invested in improving road and rail transportation facilities away from the cities, with the total length of railways in Shandong expected to reach 5,500 km by 2015.

As part of the national development plan, the proposed development of ecological-friendly economic zone in Yellow River Delta will also receive some 100 billion yuan of investment in 2009.

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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 development (R&D) and marketing, the CEO said.

The sharp contrast is that during other multinationals are cutting jobs, 20 percent more staff are planned to be hire by the company for the expansion plans in China.

The company will focus on the talent training. Li showed that the company would spend double money on talent training.

From this year, Novartis China will pay more attention to Local community clinics in China in order to benefit from China medical reform program.

It will help train doctors and instruct patients at the clinics. What is more, diagnosis and therapy standards for commonly and frequently encountered diseases will be popularized in public by Novartis China.

In 2008, Novartis China started the establishment of its R&D center in Shanghai, which is the third biggest within the group and ranks top in Asia.

Li added that Novartis is the only foreign pharmaceutical company to integrate comprehensive fundamental research work in China.

The Ministry of Civil Affairs granted the honour of the 2008 China Charity Award to Novartis China for donating cash and drugs worth more than 15 million yuan during the Sichuan earthquake.

The primary school in Sichuan, constructed with 1 million yuan which was donated by the employees from Novartis China is expected to put into use later this year.

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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 billion, with an increase of 43.8 percent year-on-year. While look back to the recent months, we can see that steel exports decreased to 1.91 million tons in January, dropping 40 percent year-on-year, and the import of iron ore 32.65 million tons, dropping 5 percent from December 2008.

Steel exported each month reached the summit of 7.68 million tons in August, but it declined to 2.95 million tons in November which is the lowest point since 2007, although there was a minor increase to 3.17 million tons in December.

As a result, Customs addressed their admonishing that this year would see no improvement in this sector.

According to statistics by foreign research organization, new orders would decline substantially as the result of the cut of global demand by more than 10 percent. It takes place even in China’s major markets. For example, it’s estimated that the demand in South Korea will drop by 9.5 percent while the United States by 11 percent, and Japan by over 30 percent. And the winter last year witnessed the beginning of dramatic drop of steel export orders in China.

Customs also warned the industry of the deteriorating trade conflicts against steel products that were made in China. That’s because some trade partners of the same line were anxious to safeguard their industries from the global financial recession. They may either evolve anti-dumping and countervailing cases against Chinese steel products, or upraise the import tariff.

It also added that the competitiveness was weakened after China was forced to revalue the yuan.

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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 on February 5. He said, “Jiangsu will make greater effort to accelerate the nation’s economic recovery in the way of maintaining steady economic growth, in spite of the ongoing impact of the economic crisis.”

Jiangsu, known as the root of economy of the country apart from Zhejiang province and Shanghai municipality, was described by Guo as “risk-resistant” and “innovative” when confronting the economic recession.

He also said that with the primary task of speeding up the economic development, Jiangsu would never stop stimulating domestic demand and developing an open economy this year. For the latter part, rural reform and development and infrastructure spending would come as the decisive fields.

As a place gathering a large number of private firms, the province would enhance the support for the development of small and medium-sized corporates and hi-tech companies by granting them rights to get loans. At the same time, he added, the province would bring in investments to such important factors as R&D, logistics, environmental protection and services.

“As a matter of fact, the financial crisis has brought us a chance to optimize industrial structures and encourage technological innovations,” the governor said.

“My company was carried out of a tough period by the generally confidence and optimism delivered by the governor,” said Sha Weiping, chairman of Jiangsu Silk Group which achieved double-digit growth in profit last year through persistent investment in R&D and production.

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“Informative, high-profile and timely” with which the press conference was described by a foreign correspondent, who said that they offered precious opportunities for the interview, was quoted by the official.

It’s said by him that more conferences on the latest actions China would take was to be held in the office’s schemes before early March when China’s annual legislative session began. Those conferences would avail the foreign media of the chance to know the latest actions China took to ease the financial crisis.

On the one hand, invitations would be sent to officials from China’s major decision-making departments, including the National Development and Reform Commission, Ministry of Commerce, State-owned Assets Supervision and Administration Commission, State Administration of Taxation, China Banking Regulatory Commission, China Insurance Regulatory Commission, and State Administration of Foreign Exchange. On the other hand, all the foreign journalists stationed in China are accessible.

The official said, as for the plans reported in the purpose of getting China’s media to a new height, China will take pains to forge its communication capacity, conforming to the country’s international status and the existing degree to which the nation’s society and economy has developed, with the bases of the striking triumphs in the Olympic Games, May 12 earthquake relief and safeguarding stability in Tibet, and in accordance with environment where dramatic changes had taken place between China and the world.

All the efforts are done to offer the world a vivid picture of China, in which the international community can get clearly not only what is China, but also its intention to achieve peaceful and harmonious development through collaboration.

The official explained the important role China’s media are playing. Together, they establish a harmonious world of lasting peace and prosperity by enhancing the understanding between China and the world and promoting the exchanges and cooperation between China and other nations.

But yet, the plan of upraising China’s communication capacity remains to be proven by further research, which was emphasized by him.

In the interview, the official, again, declared that the government’s “plan” to invest 45 billion yean ($6.58 billion) in recent media reports was just something out of nothing, and the country would act, in the process of carrying out the plan, with the principle of sticking closely to the practicability and its capability.

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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 degrees C, the climate is mild year-round. The quality of water and air throughout the year stays at State A-grade. Forest coverage of the city is 60.6 percent and afforestation coverage in the city is 44.7 percent.

Dujiangyan is the hub of many famous scenery spots including Jiuzhai Valley, Huanglong Resort, Mount Siguniang, Dujiangyan Irrigation System, Mount Qingcheng, Mount Leshan and Mount E’mei, with 20 minutes’ drive of 39 km away from Chengdu and 40 minutes’ drive away from the Shuangliu International Airport.

Jilin
Jilin province, which is located in the Northeast China with 49 ethnic groups, owns a population of 27.3 million. It neighbors Liaoning province in the south, Inner Mongolian autonomous region in the west, Heilongjiang province in the north and Federation of Russia in the east.

With the provincial government’s effort, Jilin has developed well and fast both in economy and society.

The per capita GDP in 2007 in Jilin is 19,168 yuan, which is an increase of 15.8% year-on-year.

In 2007, the fixed-assets investment of Jilin province realized the highspeed growth, ranking the third in the country. The building industry is in the stable development.

During the period of the 11th Five-Year Plan (2006-10), the infrastructural investment in the province is about 73.4 billion yuan, an increase of 61.4 percent than that in the previous year, accounting for 18.8 percent of the total social fixed-assets investment.

Chengdu
Chengdu is ratified by the State Council as the center of science and technology, commerce and trade, finance, and the hub of transportation and telecommunication in Southwest China.

It is selected by the State Council as pilot reform zone for coordinated development between urban and rural areas.

Chengdu has a total area of 12,400 sq km with a population of 11.123 million, of which are around 2 million migrants.

In 2007, the city’s GDP reached 332.4 billion yuan and per capita GDP reached $4,000. Sales volume of consumer goods amounted to 135.7 billion yuan and the fixed asset investment reached 238.5 billion yuan.

Chengdu was also awarded as one of China’s most economically dynamic cities, China’s Best Tourism City, and Investment Environment Model City in the Chinese mainland.

Nearly 130 of Fortune 500 companies have set up factories or branch offices in Chengdu.

Shanxi
Shanxi, also known as “Jin”, is situated in North China, midstream of the Yellow River.

Shanxi has made a breakthrough in absorbing foreign investment. In 2007, actual foreign investment reached $2.26 billion, accounting for 5.5 percent of the provincial total investment of fixed assets in 2007. The province traded with 166 countries and regions, the volume of imports and exports reached $10 billion.

The province’s road mileage open to traffic has reached 120,000 km, including 1,893 km of motorways. The total length of railway in operation has reached 3,071 km.

There are more than 40 air routes connecting the outside world in Taiyuan, which has a first class airport. Changzhi, Yuncheng, and Datong airports have all been in service.

Mail service is extended to countries and regions world wide and international direct calls are accessible to more than 260 countries and regions. Fixed and movable communication networks cover all the cities and counties of the province.

Henan
The name of Henan province comes from its location. As most of its land lies on the south of the Yellow River, the province is called “Henan” which means “on the south of the river” in Chinese.

Since reform and opening up, Henan has focused on sound and fast development in economy and society, and has become the largest province in terms of population, agriculture, food processing and human resource. It is also a large province in economy, industry, resources, transportation and culture in China.

The total value of GDP topped 1.5 trillion yuan in 2007, increasing by over 14.4 percent against last year, ranking the fifth in China and the first in the middle and western regions of China.

Henan will use its advantages of market, labor force and resources into full play. By improving the investment environment and providing excellent services to investors, the province cordially expects to cooperate with friends from all over the world.

Yunnan
Kunming, the provincial capital of Yunnan province, is a major city in Southwest China with a long history.

Closely focused on the construction of modern Kunming, the city has been putting efforts to make the city prosper and its people rich.

Kunming has been vigorously promoting the construction of a strong, vigorous, cultural, ecological and harmonious city by carrying out some feasible measures.

In recent years, with the implementation of the nation’s development strategy of western regions, Kunming is taking the historic opportunity to construct the China- ASEAN free trade zone and the Pan-Pearl River Delta economic zone, which is expected to speed up its development and enhance the city’s comprehensive strength.

In 2007, the city’s GDP reached 139.4 billion yuan, an increase of 12.5 percent year-on-year, of which the primary industry created an added value of 9.4 billion yuan with an increase of 5.6 percent over the previous year.

Caohejing
Shanghai Caohejing Hi-tech Park (CHJ) is a State-level economic and technological development zone, a high-tech industrial development zone, as well as a national export processing zone. Currently, it covers an area of 14.28 sq km.

Today, CHJ is home to more than 1,200 domestic and overseas hi-tech companies, including over 500 foreign invested enterprises.

Over 40 corporations on the Fortune Global 500 list have set up 70 hi-tech enterprises in the Park.

In 2007, the combined sales revenue of CHJ enterprises totaled 140.5 billion yuan, with their industrial output value of 101.4 billion yuan, GDP of 41.7 billion yuan (including the added value of 13.8 billion yuan from the tertiary industry), and imports and exports reaching $15 billion.

Caohejing Hi-tech Park currently tops the list of all development zones in China in terms of its economic returns per unit area.

Hunan
Hunan is a propitious place giving birth to outstanding people and with beautiful mountains and clear water. It is an inland frontier and coastal hinder land full of vitality, charm and potential.

It is now at the stage of rapid economic development and it is encountering the unprecedented development opportunity and showing the limitless beautiful development prospect.

Since the 10th Five-Year Plan (2001-05), the annual growth rate of its GDP and total budgetary revenue has increased by 11.1 percent and 19.5 percent respectively, reaching 914.5 billion yuan and 111.9 billion yuan respectively in 2007.

In particular, the province is successful in devoting to creating an open, transparent, anticipatable investment environment, and the process of businesses stepping into Hunan is expedited, which have dramatically boosted the development of open economy in Hunan.

Heilongjiang
Heilongjiang literally means Black Dragon River. It has a common boundary with Inner Mongolia autonomous region and Jilin province. Its northern border is on the southeast of the Russian Federation.

Heilongjiang is a land of varied topography. Much of the province is dominated by mountain ranges.

The majority of its population is Han Chinese, while other ethnic minorities include the Manchus, Koreans, Mongols, Hui, Daur, Xibe, Oroqin, Hezhen and Russians.

Heilongjiang province not only has rich soil resources with a large quantity of cultivated land which takes the first place in China, but also has rich, good quality water resources for agriculture, industry and human consumption.

Heilongjiang’s agriculture plays an important role in China. The level of agricultural mechanization is high, and industry has developed rapidly.

It has become an important base of agriculture and industry for products such as commodity grain, wood, coal,

Shaanxi
Shaanxi province, also known as Qin, lies in the middle reaches of the Yellow River, eastern part of Northwest China.

Shaanxi is a cradle of Chinese civilization and culture and the important scientific research and production base for industries of aviation, aerospace, mechanism, electronics, energy and chemical engineering.

The growth of GDP in the province keeps at double- digit for several years. Both the infrastructure and the ecological environment of the province have been improved.

With abundant natural and mineral resources and outstanding local specialty, Shaanxi has a big economic and labor market with big potential, especially with its high quality but low cost labor force and facilitated with related industries.

The unique advantages of Shaanxi enable it to accept industry transfer in such enterprises as high-tech, equipment manufacturing, energy and chemical, fruit, stock breeding, and tourism industry and will guarantee the success of investment.

Gansu
As one of the birthplaces of Chinese civilization, Gansu province is located in the hinterland of northwestern China with a long history and a rich cultural heritage.

Gansu is rich in tourism resources, including Fuxi, which was known as Chinese human ancestor, Dunhuang Mogao Grottoes and the bronze sculpture of Galloping Horse Treading on a Flying Swallow of in Han Dynasty (206 BC-AD 220), all which makes the province a tourism emblem of China.

It also has some world-famous cultural relics and historic sites of different eras. The ancient Silk Road, the famous land passage of exchange between China and the West, traverses the whole length of the province.

Gansu possesses abundant mineral deposits, agricultural products resources, tourism resources and workforce resources.

It serves as an important passage of the Eurasian Continental Bridge and the important region of implementing western regions development strategy in China.

Chongqing
Chongqing is the youngest municipality in China with its unique integrated transportation.

Chongqing is not only the economic center in the upper reach of the Yangtze River but also the industry center in East Asia as well as the best choice for headquarters of multinational enterprises in the East Asian countries.

With preferential policies for industrial parks and industrial bases, it attracts the establishment of many connecting industrial shift development bases, a national experimental zone, and the first inland bonded port, as well as Chongqing North New Zone, Export Processing Zone, Xiyong Microelectronics Industrial Park,

Chongqing Chemical Industry Park and Chayuan Industry Park. Chongqing radiates the vast market in the western regions. With its economic growth, Chongqing has a unique regional advantages and favorable conditions in cooperating with enterprises from the eastern coastal industries and making better use of foreign investment

Anhui
The name of Anhui province has two syllables in Chinese. An means peace, indicating harmony. Hui is composed of waters, mountains and humanities, representing goodliness. Anhui, a combination of harmony, peace, landscape and culture, is known for its long history, splendid culture, and grander landscape.

Three mountains of Huangshan, Jiuhua and Tianzhu together with three major water systems of the Yangtze River, Huaihe River and Xin’anjiang River formed a most beautifully diversified landscaping, giving birth to the profound Huaihe culture, Tongcheng culture and Hui culture, in addition to multiple schools of arts like Huangmei Opera, Hui Opera and Flower and Drum Dance.

Looking back through history, Anhui has seen galaxy of prominent figures. There were leading talents in different fields at different times. Hui Merchants who were ever so influential for hundreds of years in the Ming and Qing dynasties (1368-911), created tremendous business miracles.

Jiangxi
Jiangxi is a unique province in central region directly neighboring the Yangtze River Delta, the Pearl River Delta and Fujian province.

The mountainous terrain and large forest coverage of Jiangxi has made it historically one of the more wild places of central China.

Efficient highways across the province have been constructed, which are the major arteries of the southeast coastal areas into the central region.

A transportation network of waterways, highways and airways has come into being.

Beijing-Kowloon Railway and Zhejiang-Jiangxi Railway wind through the whole province; airports are scattered in Nanchang, Jiujiang, Jinggangshan, Ganzhou and Jingdezhen, Nanchang International Container Handling Dock and Jiujiang International Waterway Transportation Center have been set up.

It has unique geographic advantages in undertaking industrial transfer from southeast coastal areas and efficient utilization of foreign investment.

Guizhou
Situated in the southwestern part of China Guizhou province covers an area of 176,000 sq km with a population of 39.55 million.

Guizhou has beautiful mountains and rivers, pleasant climate and abundant natural resources.

As about developing modern logistics, Guizhou has an advantage of transportation and location.

The distance between the province and the Pan Pearl River Delta (PPRD) is the shortest among the southwest provinces and the advantage of Guizhou in developing logistics in the PPRD is more and more obvious.

The rich population of minorities in Guizhou creats many ethnic festivals throughout the lunar calendar.

During the first lunar month (usually February), the early festival in Kaili (east of Guiyang) celebrates local culture with acts of bullfighting, horse racing, pipe playing, and comedy works.

Xinjiang
Xinjiang Uygur autonomous region is located in the Northwest part of China, which covers an area of 1.66 million sq m with population of 20.95 million in 47 ethnic groups.

As an important gateway to northwest China, Xinjiang is bordering with eight countries in the West. With geographical advantages in opening to the West, Xinjiang becomes a significant pivot of economic growth of western China.

XPCC
Xinjiang Production & Construction Corps (XPCC) is a special social organization with its economic and social development program separately listed in the State plan.

It performs historical mission of station to open up wasteland and garrison the frontier and enjoys rights of dealing with its own administrative and judicial affairs according to laws and regulations.

Through the efforts it will help promote the economic development, social progress, and unity of different ethnic minorities of Xinjiang.

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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 has put creation of jobs and improving people’s livelihood on top of its agenda, the CEWC said. A China Central Television (CCTV) report said the government would increase its spending on rural development, education, services, healthcare, social security, job creation, environmental protection and technological innovation.

To boost domestic demand and minimize the impact of the crisis, last month the government announced a $586-billion stimulus package on November 9th and cut down the interest rate by 1.08 percentage points, the highest in 11 years.

While maintaining its proactive fiscal policy and moderately relaxed monetary policy, the country will implement a “flexible and careful” macroeconomic regulation to ensure that the economy achieves positive progress next year, the conference said.

The country will aim for a “stable and healthy” development of the capital and real estate markets after its major stock indices have fallen by more than two-thirds since late last year and property sales dropped dramatically in some cities, it said.

The top leadership expressed confidence in bolstering economic growth, saying the country has been able to minimize the impact of the global financial crisis.

“The only thing we have to fear is fear itself,” Premier Wen told the CEWC, quoting former US president Franklin D. Roosevelt’s words during the Great Depression, according to sources. “China has the ability to overcome difficulties,” Wen said.

Analysts widely expect the government to set an 8 percent GDP growth target for next year.

This is somewhere between the World Bank’s prediction of 7.5 percent and the country’s top think tank, Chinese Academy of Social Sciences’ forecast of 9.3 percent.

Despite the World Bank forecast of 7.5 percent GDP growth for China next year, its chief economist Justin Yifu Lin told Xinhua that the country could manage to achieve an 8 percent growth.

“It would be more realistic to put the growth forecast at 8 percent, given the gloomy global situation and China’s determination to boost its economy,” said Dong Yuping, senior economist with the Institute of Finance and Banking of the social sciences academy. “It will depend on the effect of the country’s stimulus package.”

The conference emphasized that more efforts should be made to “solve problems related to interests of ordinary people, so as to maintain social stability”. And all measures taken will ultimately target improving people’s living standard, they said.

Despite the global financial crisis, important opportunities for China’s economic and social development still exists, participants at the conference said, “It would not be reversed by ongoing global financial woes”.

In this regard, expenditures in public areas will be “substantially increased” and those in major areas guaranteed.

The conference agreed that wide-ranging measures should be taken to improve the social welfare system both in urban and rural areas.

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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 2009, the minimum required to control the unemployment situation.

Song was one of the two economists who attended a Nov 28 meeting with top Party officials to discuss economic priorities for 2009.

The nation’s economic growth dropped to 9% in the third quarter, and the situation may be worse because of the global crisis, the World Bank forecast earlier.

Such growth is absolutely not enough for China, because the nation needs to create 10 million jobs for fresh job seekers each year. Over the past months, the bankrupt of a number of factories in the costal export bases have caused layoffs of hundreds of thousands of migrant workers.

The government has to announce several stimulus packages and cut interest rates to spur domestic demand in the bleak situation.

It is said that the government may express how and where to use the stimulus package in detail at the conference.

The package could bolster annual GDP growth by 1% point by 2010, Zhang Ping, minister of the National Development and Reform Commission said earlier. Based on the data, 1% growth could create about 1million jobs.

Song forecasted that the policy makers may continue to the ongoing stimulus measures, because the $586 package is not enough in the worsening world economy.

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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 the growth might be higher.

According to the economic forecast research team, the growth rate in economy next year will be 9.3%, which is higher than those made by international organizations.

The World Bank said last month that although they expect China can have 9.4% growth this year, China’s growth may slow to 7.5% next year, the lowest since 1990, as the global financial crisis would affect more on economy in 2009.

The whole world is paying attention to China’s next year’s growth. An Organization of Economic Cooperation and Development report said China’s growth next year could be 8%, while the International Monetary Fund put it at 8.5%.

Chinese Academy of Social Sciences (CASS)’s Wang said the stimulus package and moves from government will make next year different. They believe the policies to spur domestic demand will work well and bring impressive effect.

Local government have promised to follow the central government’s steps to give a hand helping stop the national economy from sliding further after it registered an annualized 9% growth in the third quarter of this year.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

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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 are expected to attend the event at Shanghai New International Expo Centre.

Although the concept of logistics industry was almost unknown to the Chinese 30 years ago, it is now an area of business that China has been developing on an impressive scale. Because this is the leading event in the logistics field, CeMAT ASIA will showcase the industry’s latest products and technologies.

According to the statistics from China Federation of logistics and Purchasing (CFLP), the nation’s output value for logistics equipment increased almost seven times, reaching 200 billion yuan last year, up from 30 billion yuan in 2002.

With an annual speed of 30 percent growth rate, China’s logistics equipment sector is now able to cover a wide range of logistics services, from transportation to port and air port facilities.

The industry’s tremendous development over the years has been noticed by He Liming, CFLP Executive Vice-Chairman who used to lament the gap between China and the West regarding logistics hardware. But nowadays, things changed. The country’s rapid economic growth has stimulated a greater need for logistics services-creating demand for related equipment.

Zhou Yun, secretary-general of the logistics branch under the Chinese Mechanical Engineering Society, agrees China has come a long way in the industry. He notes the country today boasts logistics equipment giant Zhenghua Port Machinery Co Ltd, which holds a market share of up to 70 percent in the world’s port machinery sector.

The industry has also become more competitive for China-made products as major international manufacturers within the sector have set up joint ventures or wholly owned plants in the country. Industry experts welcome the move because during the process of bringing in increased foreign capital and advanced production facilities, China can share knowledge between Wests.

There are both confidence and worries in experts’ opinions. Although it has been given the strong momentum of the logistics industry, experts still worry about their too fast development which may bring bad effect if they don’t have adequate capacities. As a result, the profit margin of the traditional logistics sector like transportation has been squeezed to less than 5 percent.

Chinese companies need to improve their technology and develop a niche market to compete.

Zhou said the one-stop logistics service in Chinese companies is still very few, but it’s unnecessary for all of them to have such kind of service.

The support of government through investments in technological developments will also be very helpful, Zhou added.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

Please visit http://www.BPOVIA.com/ for details about our service.