China’s market in online advertising surged by 75 percent to 10.6 billion yuan (1.48 billion U.S. dollars) in 2007, according to a report by Internet consultant iResearch Inc.
The surge was largely driven by a boom in search engine advertising, or keyword advertising, which experienced an annual growth rate of 108.6 percent, said the report.
Tags: advertising
The primary risk to China’s economy is inflation and the government will stick to the tight monetary policy, said central bank vice governor Yi Gang here on Sunday.
However, the tightening measures would be “proper” and “moderate” to avoid recession, Yi said at a seminar on Chinese economy held in the Beijing University.
Tags: deposits, inflation, investment, [...]
China Railway Construction Corp. (CRCC), the country’s leading rail builder, may raise as much as 22.25 billion yuan (3.1 billion U.S. dollars) in its initial public offering (IPO) in Shanghai.
In a statement to the Shanghai Stock Exchange late Sunday, the state-owned company said it has cut the number of A shares it is offering to [...]
The U.S. may slip into stagflation with the subprime crisis, but that would have a limited impact on China, the World Bank’s new chief economist and senior vice president Justin Yifu Lin said Sunday.
Lin told a seminar in Peking University the U.S. economy would slip into recession as the subprime crisis hurt consumer spending and [...]
China aims to cut energy consumption this year by five percent for each unit of gross domestic product, its top economic planner said yesterday.
Central government faces growing pressure to improve energy efficiency after missing its goal for 2006, Xie Zhenhua, vice chairman of the National Development and Reform Commission, said in Beijing. By 2010, China [...]
China may increase spending on power plants and grids by at least 9.3 percent this year to meet demand from economic expansion and to repair networks damaged during the country’s worst snowstorms in five decades.
Power utilities may invest at least 600 billion yuan (US$84 billion) this year to expand and repair the infrastructure, a government [...]
