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Sichuan recorded highest GDP growth since 1978
(Jan 23, 2008) The province of Sichuan Province saw outstanding economic performance in 2007 with GDP rose 14.2% to RMB1,050.53 billion, the highest growth since 1978. Governor Jiang Jufeng says that the province's general budget income was RMB139.57 billion, up 31.8% as compared with 2006. The per capita disposable income of urban residents ...
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You'a Group to build largest Outlets in Changsha
(Jan 23, 2008) Hunan You'a Group, a Chinese company engaging in real estate development, will build a shopping mall in the city of Changsha for RMB400 million. The to be built 'Outlets Shopping Mall' is located in the Tianxin district in Changsha and will have theme parks, cinema, pubs, entertainment city, internet centre, ...
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Shanghai Brilliance to build mall in city south
(Jan 23, 2008) To cope with the southward shift of Shanghai's urban sprawl, Shanghai Brilliance (Group) Company is to build a shopping center in the Fengxian District's Nanqiao township. Shanghai Brilliance will fully own the Brilliance Nanqiao shopping center which has a gross floor area of 48,000 square meters spreading over 6 levels, ...
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Infrastructure boosts 10% Hunan economy
(Jan 23, 2008) The province of Hunan launched 185 provincial construction projects in 2007 with investments of RMB75.4 billion to contribute a more than 10% share of provincial economic growth. Among the 185 projects, there were 7 new village construction projects with completed investments of RMB10.3 billion, 64 infrastructure projects with complete investment ...
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Hebei comes to HK to seek service and manufacturing ties
(Jan 23, 2008) Hebei province governor Guo Geng Mao unveils that 2008 Hebei (Hong Kong) International Fair for Investment & Trade is scheduled to hold in Hong Kong from March 26 to 29, 2008. Guo will lead a trade delegate to Hong Kong. The services industry is the main focus of this trade ...
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China population not happier despite economic booms
(Jan 23, 2008) The Chinese population is not happier despite the booming Chinese economy in 2007. A poll headed by Li Dong-min of the Social Survey Institute of China (SSIC) shows that happiness of the Chinese population drop from 2006. Only 34.3%polled are satisfied with their income, and less than 50% polled are ...
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Shenzhen Futian grows on hi-tech and financial services
(Jan 23, 2008) The GDP of Shenzhen's Futian District in 2007 is expected to grow by 11% to RMB126 billion as compared with 2006. Li Ping, Mayor of Futian District, reveals that the foreign direct investment in Futian in 2007 will reach RMB840 million which will rise by 14.3% as compared with 2006. ...
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Shenzhen Luohu expands Golden Triangle Commercial Zone
(Jan 23, 2008) Shenzhen's Luohu District plans to develop the Golden Triangle Commercial Zone, composed of South Renmin Road, Old Dongmen and South Bao'an, in the future. Lu Yi, Mayor of Luohu District, reveals that Luohu will accelerate the comprehensive restructuring of the Golden Triangle and extends the triangle to Hong Ling Road, ...
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Banks allowed to do bank-joint-insurance business
(Jan 23, 2008) China Banking Regulatory Commission (CBRC) and China Insurance Regulatory Commission (CIRC) allow commercial banks to invest in insurance companies according to a cooperation memorandum signed in mid-January 2008. CBRC and CIRC will jointly enforce supervision, carry out on-site inspection as well as content, mode and channels of information exchange. At ...
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China Trucks join banks to offer auto loans
(Jan 23, 2008) The China National Heavy Duty Truck Group Company (CNHTC) has unfinished orders for 140,000 heavy-duty trucks as of mid-January. 2007 orders totaled 60,000 units and the launching of its new series, the 08 models, pushes up the size of orders to 140,000 units in 2008 and export size doubles. The ...
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