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Nearly 3,000 companies registered in Macao last year

A total of 2,991 new companies have been registered in Macao last year, increasing by 18.3 percent over 2009, according to figures released on Wednesday by the city' s Statistics and Census Service (DSEC). For the whole year of 2010, registered capital value of the new companies ...

Shenzhen GDP grew 12% last year

Shenzhen remained the country's fourth-largest economy after it recorded a 12-percent GDP growth last year, official statistics released Friday (Jan 28) showed. Figures from the city's statistics bureau showed industrial output was 409.26 billion RMB (62 billion USD), up 13.8 ...

Guangzhou GDP exceeds 1 trillion RMB

The average income of urban residents in Guangzhou in 2010 rose 11% year-on-year to hit 30,658 RMB, while the average net income of rural residents increased 14.7% to reach 12,688 RMB, according to statistics released by the city's Statistics Office on January 28. Last year, the ...

Safety code released for commercial and trading enterprises

Guangzhou quality inspection authorities recently released The Safety Standardization Management Code for Commercial and Trading Enterprises, which are expected to enhance the safety standard of businesses engaged in commerce and trade in Guangzhou. The Code is mostly applicable ...

Shenzhen Five-year plan highlights

The following are some highlights from a draft plan of the Shenzhen's Five-year Plan (2011-2015) to be discussed at the municipal people s congress. GDP growth The city's GDP is expected to grow by 10 percent each year from 2011 to 2015 and reach 1.5 trillion RMB (227.28 billion ...

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 ...
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China slams Japan's NHK governor's denial of Nanjing massacre
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world

market

GM China chairman to retire
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China's farm product pricing plan shifts to market orientation
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finance

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China cloning pigs on industrial scale
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trade

Dollar trades at lower 102 yen level in early Tokyo deals
Dollar trades at lower 102 yen level in early Tokyo deals
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Dreamliner launches its world tour in China
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