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Guangzhou Asian Games drives foreign investment surge: On December 2, the Bureau of Foreign Trade and Economic Cooperation of Guangzhou Municipality, held the "Symposium of Guangzhou and Consulates and Chambers of Commerce of Asian Countries and Regions in Guangzhou" at the Garden Hotel. Consuls and economic officials from over 10 ...

More U.S. companies eye China's domestic market: survey: More U.S. businesses seek expansion in China to cash in on the expanding domestic market, rather than seeing China as only a processing and export hub, a survey showed Tuesday. About three-fourths of over 400 member companies surveyed by the American Chamber of Commerce in South ...

2010 GDP of Guangdong Cities: Three Economic Rings' GDP in 2010 (Guangzhou-Foshan-Zhaoqing,Shenzhen-Dongguan-Huizhou,Zhongshan-Zhuhai-Jiangmen) Rank City 2010 GDP (billion RMB) Year on Year Growth (%) 1 Guangzhou 1060.45 13.0 2 Foshan 565.10 14.0 3 Zhaoqing 106.59 17.1 4 Shenzhen 950.00 12.0 5 Dongguan 424.60 ...

Tencent shares rally on group-buying website venture: Shares of Chinese Internet giant Tencent surged Monday (Feb 28) with the opening of a new joint venture with US group-buying website Groupon. The launch of bargain website GaoPeng.com boosted Tencent Holding stocks by 3.2 percent to finish at 206 Hong Kong dollars in Hong Kong. ...

Minimum wage jumps to RMB 1,300: Starting March 1, the minimum wage for workers in the central districts of Guangzhou increased from 1,100 RMB to 1,300 RMB. The minimum hourly wage has risen from 6.32 RMB to 7.47 RMB for full-time staff and from 10.6 RMB to 12.5 RMB for part-time staff. In suburban districts ...

Express, flights emulate petrol price hike: On February 20, 2011 The China National Development and Reform Commission (NDRC) raised the prices of petrol and diesel to 8,080 RMB(1230 USD) and 7,330 RMB (1116 USD) per ton respectively, 350 RMB (53 USD) higher than the prices in December 2010. As a result, the closer ...

10 billion RMB invested in building Aviation Town in Guangzhou: On Feb 23, Guangzhou Mayor Wan Qingliang said the development of China Southern Airlines strengthened Guangzhou's status as a national central city and improved Guangzhou's function as a comprehensive gateway city, and Guangzhou would further support China Southern Airlines in ...

Huawei wins suit against Motorola over property rights: China's Huawei Technologies Co., Ltd. said Wednesday it had won a lawsuit against Motorola and Nokia Siemens Networks (NSN), and a U.S. court has now prohibited Motorola from selling any confidential data from Huawei to NSN. A spokesman for Huawei said at its headquarters in ...

90 percent booths booked at cultural industries fair: About 90 percent of the booths for the Seventh China (Shenzhen) International Cultural Industries Fair (ICIF) have already been booked. The fair will be held from May 13 to 16 at the Shenzhen Convention and Exhibition Center in Futian District and at subvenues across the city. ...

[SZ] No new plans to curb home sales: Shenzhen authorities said there would be no new measures to curb property speculation soon although the city government was determined to control property prices, Chinese-language media reported Thursday (Feb 24). The city planning and land resources commission made the remarks ...

Housing market expected to cool under strict purchasing limits: Home buyers stand in front of a scale model of a residential community at the sales office of a property project in Qionghai, south China's Hainan Province, Feb. 5, 2011. (Xinhua/Meng Zhongde) China's surging housing market is expected to cool, at least for a while, as a new ...

Airline fuel surcharge increased: As of Feb 22, Domestic Airline Fuel Surcharge will be further increased. Surcharge per air passenger on domestic flights of or below 800 kilometers will be increased from 40 to 50 RMB; surcharge per air passenger on domestic flights beyond 800 kilometers will be increased from 70 ...

Tax maybe cut for small cars: Owners of vehicles with engine capacity below 2.0 liters would pay less vehicle tax under a draft law discussed at a meeting of the Standing Committee of China's top legislature in Beijing yesterday(Feb 23). According to the draft law, taxes on vehicles with engines smaller than ...

China eases tariffs to boost domestic consumption: China may reduce import duty and consumption tax on some products to avoid tax losses through "unusual import methods," China National Radio reported. The State Administration of Taxation plans to cancel the consumption tax for cosmetic products and abolish it for gold and ...

Guangzhou sets target for growth: Guangzhou has set an annual economic growth rate of 11 percent for the next five years as the southern China city shifts its focus from fast economic growth to improving people's livelihoods. Speaking at the opening ceremony of the annual meeting of the city's people's congress ...

Huawei confirms participation in mobile phone network bid for London Underground: Huawei Technologies Co. Ltd. in south China's Guangdong Province confirmed Monday that the company had participated in a phone network installation bid for the London Underground. A senior executive of the company told Xinhua that the bid was worth some 50 million pounds. "Huawei ...

Guangdong's foreign trade in Jan. set new record: Guangdong's import and export trade volume rose 51.7 percent year on year to a record high of 74.17 billion USD in January, accounted for 25.1 percent of the nation's total trade, according to the latest statistics released by Guangdong Customs. The province's growth in foreign ...

Guangzhou aims to develop service industry: The opening ceremony of the Asia-Pacific Service Industries Conference hosted by the Asia-Pacific Economic Cooperation (APEC) was held in Guangzhou, capital of South China's Guangdong Province, yesterday (February 14). The conference is organized by the Guangzhou government and ...

Senior executive confident of grain supply, relieving public worries about inflation: Chinese leading grain, cooking oil and food enterprise COFCO on Thursday tried to ease public concerns over inflation, saying China is able to stabilize grain prices this year thanks to "substantial reserves." The message by Ning Gaoning, chairman of COFCO, came after soaring ...

APEC Service Industries Conference held in Guangzhou: The five-day-long Asia-Pacific Economic Cooperation (APEC) Business Advisory Council 2011 Asia-Pacific Service Industries Conference opened in Guangzhou, capital of Guangdong Province on Monday (Feb. 14). ---------------------------------------------------------------------------...

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