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China's GDP growth aims high in 2013
(Jan 15, 2013) Analysts say the climb up in the GDP growth in China in the fourth quarter of 2012, for the first time after six quarters of consecutive falls, means the economy has touched its trough and has stabilized, setting 2013 off for a projected GDP growth of 8% to even 8.5%. ...
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Banks lends more to emerging strategic industries
(Jan 14, 2013) The inclination of commercial banks in China, aligning with government policies, to lend more loans to emerging strategic industries such as environmental protection may reshape banks' portfolios and exposure. The Central Work Conference held by the Chinese government in mid-December last year basically set the direction of economic development for ...
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Fundraising days for China's urban redevelopment
(Jan 16, 2013) BEIJING - Amid a relatively stable monetary environment, analysts believe more new loans will be created in 2013 for China's urban redevelopment and related infrastructure construction. Many provinces and regions are drawing plans and scaling up investments to develop towns and cities. The provincial government of Henan, for instance, announced ...
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China awaits a private jet market of RMB150bn
(Jan 14, 2013) BEIJING - The sky is the limit will probably be the right line to describe the helicopter or private jet market in China which plans to relax the low-altitude flying zones (below 4,000 meters) this year, releasing new opportunities. A helicopter and private jet show staged on a snow-covered day ...
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City governments to finance RMB55bn metro construction
(Jun 26, 2013) GUIYANG, Guizhou - The National Development and Reform Commission (NDRC) of China has approved a number of city railway or metro projects for Guiyang, Guizhou province, Wuhan, Hubei province, Shijiazhuang, Hebei province and Chongqing, giving the green light to RMB55 billion of city railway construction which will be mostly project ...
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Portuguese stones turned gold in China
(Jan 04, 2013) BEIJING - Portuguese stone material companies have turned to China for export, making China the second largest export destination after France in the first quarter of last year. The stale economy in Europe has pushed more European companies out of the continent in search of new markets. In 2011, Portuguese ...
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Sinosure in keeping trade and investments
(Jan 03, 2013) BEIJING - China Export and Credit Insurance Corporation (Sinosure) has played a reassuring role in keeping businesses and trades up in a volatile economic environment, backing Chinese companies and banks in financing and foreign investments. As China's state-run export credit insurer, Sinosure will devote more resources to keeping risks under ...
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China tightens local government financing
(Jan 08, 2013) BEIJING - The People's Bank of China (PBOC) together with three other departments issued a note on the last day of 2012 to forbid local governments from pledging land, school buildings and parks for funds. The note, jointly issued by the Ministry of Finance, National Development and Reform Commission and ...
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Chongqing Liangjiang signs RMB75bn investments, financing power revealed
(Jun 19, 2013) CHONGQING - Foreign and Chinese companies have signed RMB75 billion worth of investment projects in Chongqing's Liangjiang New District which will be made regional headquarters of large companies in west China. Companies from 13 countries including Microsoft, 7-Eleven and China Minmetals Corporation signed contracts on 13 investment projects worth a ...
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Jiangsu legislates for fair investments
(Jan 02, 2013) NANJING, Jiangsu - Jiangsu province has just released a regulation to promote and protect the investments of Taiwanese merchants, the first province to let Taiwanese merchants enjoy the same treatment as locals. As a province hotly favoured by many Taiwanese businessmen, Jiangsu spells out equality for the first time in ...
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