Archive for May, 2007

Rural areas focus of industrial progress

Many business opportunities have been created in the rural areas of Guangdong Province, where the provincial government is making greater efforts to develop the rural economy.
The southern Chinese province is speeding up construction of 18 industrial development zones in the rural areas, providing investment opportunities to both domestic and overseas investors.
In addition to industrial transfers [...]

OECD predicts double-digit economic growth for China

The Chinese economy is expected to grow at rates above 10 percent over the next two years, the Organization for Economic Cooperation and Development (OECD) said Thursday.
In an annual global survey, the Paris-based group said China’s Gross Domestic product (GDP) would increase by 10.4 percent in 2007 and 2008, with domestic demand set to keep [...]

China discovers 3.8 tln cubic meters gas reserves

脗路The reserves were discovered in southwest China’s Sichuan Province.脗路CNPC and Sinopec Corporation plan to build five purification plants.脗路By 2010, the deposits will raise gas output to 24 billion cubic meters.CHENGDU, May 26 (Xinhua) — About 3.8 trillion cubic meters of natural gas deposits have been discovered in southwest China’s Sichuan Basin, with verified exploitable reserves [...]

Middle East investors eye mainland property market

International investors and developers especially from the Middle East are showing growing interest in China mainland’s real estate market which is benefiting from robust economic growth and from the golden opportunities to host the 2008 Olympics and World Expo 2010.
This was what Shanghai Daily learnt from Cityscape China 2007, one of the most acclaimed B2B [...]

China to become 3rd biggest travel destination

China is likely to replace the United States as the world’s third most popular tourism destination next year, a United Nations World Tourism Organization (UNWTO) official said.At present, China ranks fourth, after France, Spain and the United States.
Last year, China accounted for 5.8 percent of the global tourism market, a growth of 0.3 percent compared [...]

US looks for more Chinese tourists

The China-US economic exchanges in the tourism sector are expected to enter a new, positive phase as the two nations yesterday announced the China-US Tourism Joint Declaration at the close of the three-day Strategic Economic Dialogue.
The declaration says the relevant authorities from the two sides will soon start official consultations on ways to encourage more [...]

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