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5.8%: Guangzhou's CPI in January breaks new record

A supermarket in Nanchang city (Xinhua) Guangzhou's Consumer Price Index (CPI), a main gauge of inflation, rose 1.5% month-on-month in January. Compared to January 2010, the CPI has increased by 5.8%, 0.9% higher than the national level, which was announced yesterday by the ...

VW, PSA to invest USD1.5b in GD

Volkswagen AG, PSA Peugeot-Citroen and other automakers would invest more than 10 billion yuan (USD 1.52 billion) in manufacturing capacity in Guangdong this year, domestic media reported Sunday (Feb.13). Major greenfield projects lined up in Guangdong included Volkswagen s car ...

APEC business leaders see soaring prices as key economic challenge

Business leaders of the Asia-Pacific Economic Cooperation (APEC) warned Tuesday that inflation will be the key economic challenge for most of the region's economies this year. The warnings were sounded at the first APEC Business Advisory Council (ABAC) 2011 meeting, which opened ...

ABAC: Chinese economy expects strong growth due to increased inflation pressure

According to an economic outlook report from an Asia Pacific Economic Cooperation (APEC) business advisory body, China's economy is expected to remain strong in 2011, but inflationary pressures are likely to rise further due to rising food prices. According to the report, Chinese ...

Brazil becomes major resource products supplier for Guangdong

Guangdong Province, the economic powerhouse in southern China, imported more resource products from Brazil, a world's leading grain and mineral products exporter, to feed its fast growing economy. According to the local customs house, Guangdong's imports from Brazil rose 11.8 ...

APEC Business Advisory Council to open in Guangzhou next week

Focused on the regional economic integration, policies consistency and the green growth, the APEC Business Advisory Council (ABAC) will be held in Guangzhou from Feb 14 to 18. More than 200 ABAC representatives and officials will attend the meeting, including 11 members from the ...

Guangdong, Sichuan economies grow rapidly in 2010

China's southern coastal province of Guangdong and southwestern Sichuan Province reported double-digit gross domestic product (GDP) growth in 2010, reflecting robust economic momentum. Guangdong generated nearly 4.57 trillion RMB (696.4 billion USD) in GDP last year, a 12-percent ...

Shenzhen stock indices close up on Feb 10

The Shenzhen Component Index on the Shenzhen Stock Exchange closed higher Thursday to end at 12,170.51 points, up 362.58 points, or 3.07 percent. A Share Index: 13,205.94 points, up 393.43 points, or 3.07 percent; B Share Index: 5,715.83 points, up 0.99 points, or 0.02 percent; ...

Shenzhen housing prices up last month

Shenzhen's average housing price exceeded 20,000 RMB (3,030 USD) per square meter last month, up 6.6 percent over December, according to city urban planning and resources commission statistics. Selling for an average price of 20,168 RMB per square meter, a total of 4,128 new ...

Property regulations in China face long battle

Consumers look at models of residential buildings on sale in Tancheng County, Linyi City of east China's Shandong Province, March 22, 2011. (Xinhua/Zhang Chunlei) China's major cities have been ordered by the central government to introduce property price control measures to curb ...

Hotel rates upped for China Import & Export Fair

Guangzhou's price regulators published on March 31 the standard hotel rates for the upcoming China Import and Export Fair. The rates for rooms at four- and five-star hotels were raised by 100 yuan and 200 yuan, respectively. Specially, at four-hotels, standard rooms, luxury ...

UK companies seeking business cooperation in West Pearl River Delta

The three west Pearl River Delta cities Zhuhai, Zhongshan and Jiangmen are of great potential and there are business opportunities for British companies all across the Pearl River Delta (PRD), said the new British Consul-General in Guangzhou Alastair Morgan, who led a business ...

49 Chinese cities fail to announce housing price control plans before deadline

A total of 49 Chinese cities have defied a central government order by failing to announce their property price control measures for 2011 before April 1. The Ministry of Housing and Urban-Rural Development said Friday that 608 cities, or 92.5 percent of the total required to ...

Guangzhou to build world class CBD

Yesterday, Guangzhou s Tianhe CBD signed 28 contracts with world top 500 multinationals, with a total investment over 26.2 billion RMB. The projects include Guangdong branch headquarters of National Development Bank and Bank of Communications Co., Ltd., and headquarters of China ...

Leading SOEs to spur Guangdong's industry upgrading

Guangdong province signed investment agreements worth over 2 trillion RMB with 70 State-owned enterprises (SOEs) on 204 projects in the Strategic Cooperation Forum between Guangdong and State-owned Enterprises held in Beijing in March, as part of the Province's efforts to ...

First-tier cities release home-price targets before deadline

Home prices in some of China's major cities, such as Beijing, have more than doubled over the past two years due to easy credit and low lending rates. With just several days to go before deadline, China's first-tier cities- Shanghai, Beijing, Guangzhou and Shenzhen- finally broke ...

China Southern Airlines reports huge net profit growth for 2010

China Southern Airlines Company Limited (China Southern) posted an upsurge in profits in 2010 from the low base in the previous year due to rebounding demand. In its annual business report filed with the Shanghai Stock Exchange Tuesday, China Southern said its net profit ...

Macro economic index of Guangdong, 2010

Guangzhou international travel fair open on March 24

According to Guangdong Tourism Bureau and Guangzhou Tourism Bureau, the 19th Guangzhou International Travel Fair hosted by Hannover Fairs (Shanghai) Ltd. will be held from March 24 to 26 at Jinhan Exhibition Center. The exhibition covers an area of 15000 squaure meters and more ...

Guangdong's foreign trade up nearly 36%

South China's Guangdong province generated USD 125.42 billion in foreign trade in the first two months of this year, a growth of 35.5 percent on the same period of last year, the local customs house said Tuesday.The growth rate was 7.2 percentage points higher than the national ...
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