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Mainland visitors to Taiwan to surge during upcoming holiday: Taiwan has become a favored sightseeing destination for the Chinese mainland tourists as the number of mainland visitors to the island will increase sharply during the upcoming Spring Festival. More than 30,000 sightseeing tour applications during the traditional festival have ...

China's current account balance falls 35% in 2009: China's current account balance dropped 35 percent in 2009 to $284.1 billion, preliminary data released by the State Administration of Foreign Exchange (SAFE) showed Friday. According to SAFE, China recorded a goods trade surplus of $249.3 billion, and a yearly deficit of $28.7 ...

China's fiscal revenue rise 55.8% in Dec: China's fiscal revenue for last December reached 508.4 billion yuan ($74.45 billion), up 55.8 percent year on year, the Ministry of Finance (MOF) announced Friday. Of the total, the central fiscal revenue topped 183.1 billion yuan, up 140 percent from December 2008, while local ...

China confiscates 36m illegal audio, video products in 2009: BEIJING: China confiscated 36.13 million illegal audio and video products during last year's nationwide campaign, the Ministry of Culture said Thursday. Law enforcement department across the country also revoked 6,632 licenses and imposed 180 million yuan ($26.4 million) in fines...

41 Chinese IPOs raise $7.1b globally: A total of 41 Chinese mainland companies launched initial public offerings in markets around the world last month to raise a combined $7.1 billion, an industry report said yesterday. Of the total, 37 companies floated shares on the Chinese mainland, up from 28 in December, to ...

Govt procurement saves $290m in 2009: BEIJING: Centralized procurement by the Chinese government has helped save close to 2 billion yuan ($290 million) in 2009, an official said Thursday. The Chinese government spent more than 14.7 billion yuan in government procurement last year, Chen Jianming, director with the ...

China's foreign trade of electronic information products down in 2009: BEIJING: China's foreign trade in electronic information products fell 12.8 percent last year, the first annual decline since 2000, the Ministry of Industry and Information Technology (MIIT) announced Wednesday. The combined import and export value stood at $771.9 billion last ...

China's textile industry output rises 10%: BEIJING: China's gross output value of textiles rose by 10.3 percent last year, said vice president of China National Textile and Apparel Council (CNTAC) Shen Kunyuan Wednesday. "The output of textile enterprises with annual sales exceeding 5 million yuan ($733,000) reached 3.8 ...

China's Xiamen Tungsten reports profit surge: BEIJING: Xiamen Tungsten Co, Ltd, China's largest producer and exporter of tungsten and molybdenum products, Wednesday said its net profit increased 40.49 percent to 467 million yuan ($68 million) last year. Special Coverage:2009 profit forecasts of listed companies The company ...

China's land sale revenue close to $233 bln in 2009: BEIJING: Land sale revenues for China's local governments rose more than 60 percent in 2009 as the country's property market surged, figures from the Ministry of Land Resource revealed Tuesday. Local governments generated 1.59 trillion yuan ($233 billion) from the sale of 209,000 ...

HK's negative-equity mortgages drop: HONG KONG: The estimated number of residential mortgage loans in negative equity fell to 466 cases at the end of December in 2009 from 835 at the end of September, the Monetary Authority of Hong Kong announced on Monday. The aggregate value dropped to HK$700 million ($90 million) ...

Macao's gaming revenue surges 55% in January: MACAO: Macao's gaming sector generated a record high monthly revenue of 13.3 billion patacas ($1.7 billion) in January 2010, which was a significant increase of 55 percent over the same period of last year, the Macao Post Daily reported on Tuesday, quoting unnamed official source...

HK retail sales revenue grows 16%: Hong Kong's total retail sales revenue for December has been provisionally estimated to be HK$29.4 billion ($3.79 billion), up 16 percent on the same month last year, the Census and Statistics Department of Hong Kong said Monday. After netting out the effect of price changes over ...

ICBC extends $16b of new loans in January: BEIJING: The Industrial and Commercial Bank of China (ICBC), the world's largest lender by market value, said Monday it extended 110 billion yuan ($16.1 billion) of new loans in January, less than the amount in the same period of 2009. "The lending growth in January was stable ...

New credit hits $234b in January: New yuan-denominated loans extended by China's domestic banks in 2010 almost hit 1.6 trillion yuan ($234.36 billion) in January, catching up with the amount of the same period last year, but economists did not expect interest rate increase in the near future, the Economic ...

China shares close lower on new PMI data - Mon: BEIJING: Chinese equities closed lower Monday on the latest manufacturing sector figures, led by iron and steel and brokerage large-cap shares. The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 55.8 percent in January, down 0.8 percentage points from ...

China manufacturing activity index decreases: SHANGHAI: China's manufacturing activity decreased slightly in January as industrial output growth slowed amid severe winter weather, but the outlook remained positive. The state-affiliated China Federation of Logistics and Purchasing said Monday that its monthly purchasing ...

China's textile industry reports big profit rise: BEIJING: China's large textile businesses took in 133.15 billion yuan ($19.57 billion) in profits in the first 11 months of last year, according to figures released by the China Textile Industry Association. The profits were up by 25.39 percent year on year, 36.40 percentage ...

China's PMI of manufacturing sector down in Jan: BEIJING: The Purchasing Managers' Index (PMI) of China's manufacturing sector stood at 55.8 percent in January, down 0.8 percentage points from the previous month, the China Federation of Logistics and Purchasing said on Monday. It was the 11th straight month for the index to ...

China's gold output grows 11% in 2009: China's gold output rose 11.34 percent to a record of 313.98 tons in 2009, according to latest statistics from China Gold Association. It is the third year in a row for China to rank the first in gold production in the world, according to the association. The domestic gold sector ...

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