A total of 450 billion yuan ($65.88 billion) will be spent on at least 60 airport projects, which will start in the next two years, the Civil Aviation Administration of China (CAAC) said on Wednesday.
Tags: Airport, CAAC, flights
HONG Kong’s economy entered its first recession since the outbreak of SARS in 2003 as the global financial crisis cut exports and spending cooled, forcing the government to lower its full-year growth forecast.
Gross domestic product shrank a seasonally adjusted 0.5 percent in the third quarter from the previous three months, the government said yesterday. The [...]
Venture capital investment has become an essential tool to promote China’s high-tech industries, especially during the global financial turmoil.
Tags: investment, IPO
Industrial enterprises each with an annual sales income of at least 5 million yuan (733,138 U.S. dollars) in the Chinese mainland posted a year-on-year growth rate of 14.4 percent in value-added output in the first 10 months this year, the National Bureau of Statistics said on Thursday.
The growth rate was 0.8 percentage points lower than [...]
China’s broad money supply grew 15 percent in October, the slowest pace in three years, a sign economists said shows the economy is in sharp slowdown.
The growth of M2 - the broadest measure, which includes cash and all deposits, fell from September’s 15.3 percent to 45.31 trillion yuan at the end of October, central bank [...]
The National Bureau of Statistics released yesterday that China’s industrial production growth dipped to 8.2 percent in October, the slowest in seven years.
Output growth fell from September’s 11.4 percent and August’s 12.8 percent. It reinforced evidence that China’s economy risked a slowdown that required aggressive growth-spurring policies to stimulate it.
Tags: economy, electricity, industry, material
