Hunan, the late real estate market trend will slow down
Hunan Provincial Construction Department statistics, the province a quarter of total investment in real estate development completed 14.38 billion yuan, an increase of 32.3 percent. Second quarter and the coming period, real estate investment growth will further slow down. The current number of outstanding issues of concern and resolve. First, housing supply conspicuous structural contradictions. [...]
Wuhan expo highlights industry shift to central China
WUHAN, April 28 (Xinhua) — The third Expo Central China concluded on Monday in Wuhan, capital of central China’s Hubei Province, with business people from 113 countries and regions signing agreements with six central provinces on projects valued at more than 300 billion yuan (42.9 billion U.S. dollars). Minister of Commerce Chen Deming said at [...]
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Survey: U.S.-based companies mostly positive about China prospects
BEIJING, April 28 (Xinhua)– The majority of U.S.-based companies are positive about business prospects in China, with 89 percent characterizing their five-year outlook as optimistic or cautiously optimistic, according to a survey released here on Monday by the American Chamber of Commerce. The findings of the 2008 Business Climate Survey revealed that U.S. companies remained [...]
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China to transport grain from northeast to south to stabilize prices
BEIJING, April 28 (Xinhua) — China will accelerate shipment of grain from the grain-rich northeast to the country’s south to ease supply imbalances and stem price rises, the Ministry of Railways (MOR) said. The ministry has ordered railway authorities in the northeast provinces to improve efficiency and send 10 million tonnes of grains out of [...]
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China records urban unemployment ratio of 4.0% at Q1 end
BEIJING, April 28 (Xinhua) — China had a registered unemployed population of 8.25 million in urban areas at the end of the first quarter of this year, according to latest data the ministry of human resources and social security released on Monday. The ministry said the nation’s urban registered unemployment ratio was 4.0 percent at [...]
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Hong Kong stocks gain 0.97 pct near 26,000 mark
HONG KONG, April 29 (Xinhua) — Hong Kong stocks rose 0.97 percent on Tuesday and moved one step closer to the key 26,000 mark. The benchmark Hang Seng Index edged down 4.33 points, or 0.02 percent, to open at 25,661.96, just off the day’s lowest 25,633.47,but gained momentum from blue-chip companies. The index once jumped [...]
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Chinese share prices up slightly on rises of power, energy sectors
BEIJING, April 29 (Xinhua) — Chinese shares concluded Tuesday trading slightly higher, with brokers, power, energy sectors leading the upward movement. But the impending unlocking of large amount of non-tradable equities dampened market sentiment and drove the upward adjustment to a halt, market observers said. In May, there will be formerly non-tradable shares valued at [...]
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Hong Kong sees strong retail sales growth in March
HONG KONG, April 29 (Xinhua) — Hong Kong continued to record a sustained upbeat consumer sentiment in March, with its total retail sales value growing 20 percent year on year to 22.6 billion HK dollars (about 2.9 billion U.S. dollars), revealed the Census and Statistics Department here Tuesday. According to the Census and Statistics Department’s [...]
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Baosteel Q1 net profit up 16% on stainless steel rebound
BEIJING, April 29 (Xinhua) — China’s largest steel provider, Baoshan Iron and Steel Co., Ltd., reported its first quarter net profit rose 16 percent over the same period last year on better performance from its stainless steel sector. The profit reached 4.26 billion yuan (609 million U.S. dollars), with earnings per share valued at 0.24 [...]
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Oil duo’s profits plunge
PetroChina Co will build a 10-million-ton-a-year oil refinery in the northeastern Liaoning Province, the local government has said.Photo Gallery>>> BEIJING, April 29 — PetroChina, the nation’s largest oil producer, said its first-quarter profit fell 31.5 percent as refining losses and windfall taxes cut its earnings from record crude prices. Net income dropped to 28.9 billion [...]
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