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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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."
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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.
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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.
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Guangzhou aims to develop service industry
The conference released the "Guangzhou Declaration," which aims to boost the cooperative's efforts in the Asia-Pacific region's service sector. By 2015, the modern service and finance industries of Guangzhou are prospected to account for 65 percent and 9 percent of the GDP respectively.
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Wang Yang, a member of the Political Bureau of the Communist Party of China (CPC) Central Committee and secretary of the CPC Guangdong provincial committee speaks during the first APEC Business Advisory Council (ABAC) meeting for 2011 in Guangzhou, capital of south China's Guangdong Province, Feb. 15, 2011. The meeting kicked off here Tuesday. (Xinhua/Lu Hanxin)
