AMB Property Corporation, a world leading developer and owner of industrial real estate, announced yesterday that it had acquired approximately 133,100 square meters of land in the Xiuzhou Logistics Park in Jiaxing of Zhejiang Province.
The company said it planned to build a 74,612-square-meter distribution center on the site, its latest effort to expand its distribution [...]
The country’s “Go West” policy to develop the lagging western regions is gaining ground, a United Nations report has shown.
The heartening signs are largely from government efforts to improve trade and investment, the UN Economic and Social Commission for Asia and the Pacific (ESCAP) said in its latest annual survey of the region.
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Several of China’s western provinces, whose development has long lagged the eastern and southern regions, outpaced the rest of the nation by some key economic parameters last year.
For example, among all provinces, the southwestern Tibetan Autonomous Region posted the highest growth in retail sales, while the northwestern Xinjiang Uygur Autonomous Region topped export growth, according [...]
Economic development benefits everyone of every ethnic group in Tibet, a well-known Tibetologist told reporters here on Wednesday.
“Everyone who has been to Tibet will find great improvements in the infrastructure and living standards of the local people, compared with three decades ago,” said Prof. Tanzen Lhundrup, the deputy director of the Institute of Social and [...]
Shares of Baoshan Iron & Steel Co plunged yesterday after the top Chinese mill posted an unexpected drop in 2007 earnings, the first annual decline since 2001.
The Shanghai-based company blamed higher prices of iron ore and coking coal for the profit fall as well as fluctuating nickel prices which hit its loss-making stainless steel business.
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Profits of China’s industrial companies grew slowly as the firms were hit by a double whammy of tighter credit control and weaker demand from abroad, the National Bureau of Statistics said yesterday.
The combined net income of the nation’s industrial firms rose 16.5 percent to 348.2 billion yuan (US$49.04 billion) in February and January from a [...]
