Guangdong’s economy has overtaken that of Taiwan for the first time following 14.5 percent growth last year, according to figures released at the provincial people’s congress yesterday.
Its GDP rose to 3.06 trillion yuan ($422 billion) last year, with a per capita figure of more than $4,000.
Tags: GDP, Guangdong, investment
China and the South Pacific nation of Papua New Guinea (PNG) have boosted their trade ties, with bilateral trade volume surpassing the 500 million U.S. dollar mark during the first 10 months of last year, the Pacnews reported on Friday.
Available statistics indicated that trade exchange could exceed 600 million U.S. dollars by the end of [...]
Another 10 of the Fortune 500 companies began investing in southwest China’s Sichuan Province last year, bringing the total number to 135, local government statistics show.
TNT Post Group (TPG), ING Group, Morgan Stanley, Home Depot, Bertelsmann AG and five other world-renowned companies on the Fortune 500 list were among the newly approved businesses, statistics with [...]
China Africa Development Fund has signed its debut investment deal in Africa, as the government tries to increase strategic cooperation there.
The fund will invest more than US$90 million in four Chinese companies with projects in Africa, China Development Bank (CDB), the fund’s main backer, said yesterday.
Tags: Fund, investment
Yang Buting, chairman of the China Film Group Corporation (CFGC), told the reporter yesterday that the CFGC was trying to go public this year. The company planned to raise a fund 20 to 30 times the total company assets. The total assets of the CFGC during 2006 were 2.866 billion yuan, so it must raise [...]
Chinese Premier Wen Jiabao encouraged overseas Chinese business people to optimize their investment structure and raise the standard of their investments on the Chinese mainland.
Wen made the remarks on Wednesday afternoon when he met deputies to the opening ceremony of the China Overseas-Chinese-funded Enterprises Association.
Tags: investment
