China News Direct

 
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Guangdong Enters New Babyboom Time
(Dec 29, 2008) Guangdong's regular resident population has exceeded 94.49 million in 2007, becoming the most populated province in China for the first time. Li Miaojuan, chief executive of Guangdong Provincial Development and Reform Commission, said that Guangdong had entered a new stage of baby boom, which is earlier than expected. The province ...
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China More Likely to See 7.5% Growth in '09
(Dec 23, 2008) Economists believed China might not be able to attain an 8% GDP growth in 2009. Wang Qing, Greater China Economist with Morgan Stanley, said the mainland's economy might only grow 7.5% in 2009, under the impact on trade finance brought by the financial tsunami. However, with the government's monetary policies, ...
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Guizhou Gives Interest Subsidies to Enterprises
(Dec 19, 2008) Officials from Economic and Trade Commission of Guizhou Province said recently that Guizhou industries had been experiencing sharp declines since the middle of September 2008 due to the financial crisis and the government's monetary policy. It is forecast that Guizhou's large scale industries had value-added of RMB103 billion in 2008. ...
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Survey: Economic Recovery Expected in 2010
(Dec 19, 2008) Institutional investors in China see a bottoming of the economy in the first half of 2009 or by the latest the third quarter. A survey with 340 insurers, investment funds, brokerage houses and institutional investors by Shanghai Shenyin Securities showed that over 50% of them believed there would be more ...
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GDP May Drop Half Without RMB4tn Stimulus
(Dec 19, 2008) China may only see a GDP growth of 5.2% next year if the RMB4-trillion stimulus plan was not launched. Shanghai Securities Journal quoting an official from the National Development and Reform Commission (NDRC) that without the stimulus package, the economy may slow down to 5.2% as domestic demand in China ...
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Lee's Pharmaceutical to Set Up R&D Center in Hong Kong
(Dec 18, 2008) Lee's Pharmaceutical Holdings Ltd. plans to invest HK$5 million to set up a research and development (R&D) center in the Hong Kong Science Park. The center will be located in phase two of the park and covers an area of 1,724 sq. feet in total. It will develop new R&D ...
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NDRC Sets '09 CPI Goal Higher
(Dec 18, 2008) China's National Development and Reform Commission (NDRC) has set a goal of limiting CPI to 3%-4.8% for 2009, according to mainland media. The goal is set higher than the market anticipation of 2% and has left room for reforms, such as the energy pricing system reform, according to 21st Century ...
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CITIC Ka Wah Bank: Only a Mild Recession in '09
(Dec 18, 2008) CITIC Ka Wah Bank expects China to post an 8.3% GDP growth in 2009. Liao Qun, vice president, chief economist and strategist of China Banking of CITIC Ka Wah Bank, expects China will launch more supporting policies and that the country will only see a mild recession in 2009. Liao ...
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M&A Cases Dropped Half, Will Rebound
(Dec 17, 2008) China's merge and acquisition (M&A) activities tumbled in the second half of 2008 due to counter-inflation policies, new Labor Law, price hike and stock market plunge, according to a report of PricewaterhouseCoopers (PwC). China had 543 domestic M&A deals from July to November 2008, down 47% on year. David Brown, ...
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CASS Draws Attention to Ten Big Issues
(Dec 16, 2008) Chinese Academy of Social Sciences (CASS) has released the "Society Blue Book 2009" that draws attention to ten major social and economic issues in China - unemployment and price levels continue to be big issues. CASS forecasts that in 2008, out of the 5.6 million fresh graduates, some 1.5 million ...
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