China Trade Information

The authorities are calling for more foreign investment in road and port construction next year, in line with plans to spur domestic demand in the sector, a transport official said Tuesday. Read the rest of this entry »

China will spend 120 billion yuan ($17.6 billion) to build a second railway traversing the northwestern Xinjiang Uygur Autonomous Region, according to information from a meeting of the Xinjiang committee of the Communist Party of China on Tuesday.

Construction is expected to begin next year, with investment from the central and local governments and other sources. Read the rest of this entry »

China registered 3.22 million new mobile phone subscribers in October, far less than the average monthly increase of 8.5 million recorded in the first nine months to September, the Ministry of Industry and Information Technology (MIIT) said Saturday.

By the end of last month, China had more than 627.26 million handset users, the MIIT said in an industry report posted on its website. Read the rest of this entry »

The government may launch a tax rebate on property purchases again to revitalize the sluggish property market, an official said yesterday.

“We are working on a tax rebate policy on property purchase, which is quite similar to the one Shanghai had in 1998,” said Qin Hong, deputy director-general of the Policy Research Center of the Ministry of Housing and Urban-Rural Development. Read the rest of this entry »

The central bank’s rare big interest rate cut will help stabilize the property market but will not ease property developers’ tightened cash flow, experts said.

The People’s Bank of China cut the benchmark interest rate by 1.08 percentage points on Wednesday, the biggest slash in 11 years, lowering the one-year lending rate from 6.66 to 5.58 percent. Read the rest of this entry »

Online advertising spending in China will continue to grow rapidly next year but the growth of the online search-related advertising, where Baidu.com dominates, will slow down, industry officials told a digital advertising conference yesterday in Shanghai.

China’s online advertising spending, including display and search, will grow between 30 and 40 percent year-on-year in 2009, despite the global financial crisis, according to Hans Yu, chief executive of CR-Nielsen, Nielsen’s China joint venture on research of China’s Internet market. Read the rest of this entry »