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Regulations on property rights trading market released: The Provisions on the Acceleration of the Development of the Property Rights Trading Market in Guangzhou was recently released by the municipal government. According to the provisions, the property rights trading market will be established into a financial market platform with ...

Hitachi sets up R&D center in Knowledge City: Guangzhou Vice Mayor Gan Xin recently met with Hitachi Vice President Kazuhiro and his associated. Both parties exchanged views on strengthening communication and cooperation. Mr. Gan extended a warm welcome to Mr. Kazuhiro and his entourage and expressed appreciation to the ...

Provincial financial budget to focus on people's livelihood: The Guangdong province will budget over 180 billion RMB financial revenue for improving people's livelihood, 140 billion RMB of which would be spent on public services, accounting for 77.64 percent of the total provincial budget. "About 10 billion RMB would be spent on the social ...

Guangzhou targets 11 percent annual GDP growth in 12th Five-year plan: Guangzhou's annual GDP would be aimed at an 11 percent growth in the 12th Five-year plan (2011-2015), 3 percent higher than the provincial target, according to the draft of the 12th Five-year plan discussed at the municipal people s congress. Guangzhou Party Secretary Zhang ...

Four more companies build headquarters in Huangpu: A signing ceremony was held on the morning of January 20 for the agreements of four companies to base their headquarters in Guangzhou's Huangpu District. The four companies include the Platinum New Materials Corporation, the Qiaofeng and Guangyuan Group, the Blue Moon China ...

China Economic News in Brief: The following are some Chinese economic news items in brief: SOUTH CHINA CITY GDP HITS 950 BILLION RMB IN 2010 The economy of Shenzhen City, Guangdong Province, grew 12 percent in 2010 to 950 billion RMB (144.19 billion USD), according to statistics released at the city's ...

Dongguan posts strong foreign trade growth in 2010: Dongguan's foreign trade last year jumped 28.8 percent year on year to 121.3 billion USD, a government official said on January 17. Dongguan's foreign trade last year grew by 28.8 percent year on year while its export jumped by 26.1 percent year on year to 69.6 billion USD, said ...

Guangzhou CPI Up 3.2% in 2010: Guangzhou's Consumer Price Index (CPI) was 3.2 percent in 2010, up from 2009, according to the National Bureau of Statistics. It is 0.8 percent higher than Beijing, 0.1 percent than Shanghai, and 0.3 percent lower than both Tianjin and Shenzhen. Six kinds of commodities have ...

China Southern Airways adds new air route to it's global air services: A new Guangzhou to Auckland air route will be opened up by China Southern Airlines on April 8 this year. The non-stop airline will provide an easy access to travelers from Southern China to New Zealand. The airline will have three flights a week, departing Guangzhou at 11:50 pm ...

Guangzhou Development Zone set to double its main economic index in 5 years: The year 2011 marks the beginning of the 12th five-year plan. At the beginning of this critical year, major indicators reflect Guangzhou's economic performances in 2010 are gradually coming to the surface. As it turns out, the 2010 performances of Guangzhou Development Zone and ...

Guangzhou's foreign trade revenue exceeding 100 billion USD for first time: Xiao Zhenyu, the Director of Guangzhou Foreign Trade Bureau advised on Jan 12 that Guangzhou's foreign trade has withstood the severe test of the financial crisis, and actively undergone foreign trade restructuring and transformation, by initiating international leading service ...

Guangzhou's GDP tops 1 trillion RMB: Guangzhou's 2010 GDP surged by 100 billion RMB or 12.5 percent to hit a trillion RMB, becoming the third Chinese city after Beijing and Shanghai to register annual GDP of a trillion RMB. "Guangzhou has fulfilled all major tasks set in the 11th Five-Year Plan," proclaimed ...

Home rent rises set to continue in Shenzhen: The average rent for an apartment reached 41 RMB (6.18 USD) per square meter in Shenzhen in the fourth quarter last year, a 10.8-percent increase compared with the same period in the previous year. Another rise in home rent was expected after the Spring Festival, the Shenzhen ...

1st Chinese Circulation Industry Chamber of Commerce inaugurated in Guangzhou: The Circulation Industry Chamber of Commerce of Guangdong was officially established on Jan 10. Some 200 major companies in the circulation industry of Guangdong will become its first group of members. It represents China's first chamber of commerce of the circulation industry. ...

Southern Airlines 2010 profits surge 14 folds on travel boom: China Southern Airlines, the country's largest airline by passenger numbers, estimated on Tuesday (Jan 11) that its 2010 profits would jump by 14 folds year on year to its record high of 5.37 billion RMB (813 million USD). The Guangzhou-based carrier said in its preliminary ...

Foreign investment formalities put online: Guangzhou has become China's first city to introduce a Web-based system for foreign investors to complete formalities for their business. The city's Industry and Commerce Administration has also opened a microblog for foreign business registration, with daily updated instructions ...

Carrefour strengthens price monitoring to restore image: French retail giant Carrefour announced on Wednesday the establishment of a "price center" at one of its China stores to improve supervision of prices after being accused of overcharging customers. At the price center located at Carrefour Xinshi Store in Guangzhou City, south ...

China expands cross-border yuan trade settlement trial: China's central bank late Monday announced a dramatic expansion of its pilot program for cross-border yuan trade settlement to 67,359 exporters from the original 365 firms. The sharp increase is a significant step towards internationalizing the Chinese currency, and it surprised ...

Guangdong seeks economic growth by new means: Guangdong has set its annual economic growth goal at about 8 percent for the next five years, which is slightly higher than the national average though lower than the goals in many other provinces. The purpose is to place even more emphasis on transforming economic development ...

Auto show at Panzhou from Dec. 21 to Dec. 27: The annual China (Guangzhou) International Automobile Exhibition is due to take place from December 21 to December 27 at the Guangzhou Pazhou International Convention and Exhibition Center. Xiao Zhenyu, deputy director of the auto show's preparatory office and director of the ...

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