China＇s steetout.put in 2010 may nit newmgn

China plans to lower the number of steel plants from 800 to 200, through mergers and acquisitions as well as shutting down of some substandard mills, an official from the Ministry of Industry and Information Technology （MIIT） said July 20.     

＂Dragon＂ Brings Business Opportunity for China and South Africa

The direct flight was opened At 12:20 pm by South Africa time on Tuesday January 31,2012,a "dragon"jumped into the twilight sky of Johannesburg and fled to the east.After 15 hours,at 8:50 pm by China time on February 1,2012,the flight SA288 landed at Beijing Capital Airport with all sectors of government,businesspeople and internationd media.When interviewing Mr.Miller Matola he vividly described how meaningful the flight is to South Africa and China.He also compared the different concepts of dragons as they are evil in the west but in China the dragon is the symbol of wealth,prosperity,luck and power.The dragon also represents success,perfection,bright and an indomitable spirit.He expressed that this special time of the start of the Year of the Dragon was selected by South Africa Airways after elaborate consideration.     

Chinese Commodities and Vietnam Market

Last April, with the support of China Machinery Industry Federation and Vietnam Em bassy in China, the Society of Automotive Engineers of CCPIT successfully held “China Famous Brand Auto Vietnam Show“. I am informed that the Organizing Committee plans to hold the 3rd China Auto International Exhibition Tour in this November. According to the agenda, this activity will extend from Vietnam to other ASEAN member countries, therefore, it will have a larger scale, a longer route and a richer content. On beha...     

China National Gold Corporation

Subordinated to the Ministryof Metallurgical Industry theChina National Gold Corporationis the only state-run national groupcorporation in China.It isauthorized to perform itsobligations in the control andoperation of the state ownedassets of its subordinatedenterprises and undertakinginstitutions.And it is alsoresponsible for working out andimplementing the long-termprogrammes and yearly plans ofthose enterprises and officesdirectly affiliated to the corporationand for the investment and buildupof the entire gold industry in China.It has the autonomy to developinternational economic andtechnical exchange andcooperation with its foreigncounterparts and to conduct importand export business of thematerials,equipment andtechnologies for use in the industry.     

＂Central China Delta＂ to be Built

China's central provincesJiangxi,Hunan and Hubei are making joint efforts to build a new urban hub in Central China along the middle reaches of the Yangtze River. The strategic cooperation framework agreement to build the cities of the middle reaches of the Yangtze Rivet was released at the conference held by the three provinces on Feb.10 in Wuhan,signifying the official start of establishing the new urban hub in Central China,China News Agency reported.     

Prospects for digital TV industry

China will broadcast digital TVcomprehensively by 2006.By2010,the making andbroadcasting of radio,film and TVprogrammes,and the satellite and cabletransmission will be digitalised,ground TVwill be basically digitalised,and digital TVreceivers will become popular.The StateAdministration of Radio,Film andTelevision plans to eliminate analog TVfrom 2013 and complete the transition from     

Chinese Commodities and Vietnam Market

Last April, with the support of China Machinery Industry Federation and Vietnam Em bassy in China, the Society of Automotive Engineers of CCPIT successfully held "China Famous Brand Auto Vietnam Show". I am informed that the Organizing Committee plans to hold the 3rd China Auto International Exhibition Tour in this November. According to the agenda, this activity will extend from Vietnam to other ASEAN member countries, therefore, it will have a larger scale, a longer route and a richer content. On behalf of Vietnam Embassy in China, I would like to express welcome and support to this     

China to develop 13 solar power projects in western region

China, the world＇s second-biggest energy user, plans to develop 13 solar power projects in the western region as part of a government aim to cut emissions and boost energy investment in the area.     

Voices from the ＂Summer Davos＂ in Asia

China pledges to sustained growth
Wen Jiabao, Premier of the People＇s Republic of China, opened the World Economic Forum＇s Annual Meeting of the New Champions, laying out an ambitious agenda to reinvigorate China＇s economy while meeting social goals. He explained the nation＇s stimulus plan and called for increased cooperation to meet collective challenges as the world recovers from the recent financial turmoil. ＂Over the past year, the world economy has experienced the most severe challenge since the Great Depression,＂ said Wen. ＂Thanks to the concerted efforts and active measures of the entire world community, the world economy has started to recover.＂     

Chinese provinces settle in Expo

China＇s Hebei and Anhui provinces launched their exhibition plans yesterday at Expo site, as more than one third of China＇s provinces have unveiled their blueprints for the World Expo Shanghai 2010.     

REVIVAL PLANS, Ten Key Sectors Benefit?

To revive China's industrial establishment during the biggest Great Depression in the world after World War Ⅱ,China's Central government has launched the "Revival Plans of Ten Key Sectors"plus the 4 trillion stimulus package in the early 2009.Formulated by the National Development and Planning Commission(NDRC).these revival plans aimed at reinvigorating"ten key sectors",to be specified.the iron and steel.automotive,shipbuilding,petrochemical,textile,light,nonferrous metals,equipment manufacturing,electronics and information technology,and logistics industrial sectors.     

Positive Effects FROM SHRINKING INVESTMENT

Since its launch in November 2008,the RMB 4 trillion investment plan has been carrying the task of＂capital growth＂. According to the plan,from the fourth quarter of 2008 to the end of 2010,the central government will increase a total of RMB 1.18 trillion additional funds to promote     

Loan Growth Slowing down in 1st 7 Months

The growth of loans significantly slowed during the first seven months of this year, which indicates the government's economic macro control measures are taking effect, the People's Bank of China (PBOC) said. By the end of July, outstanding loans of all financial institutions stood at RMB18.1 trillion (US$2.18 trillion),up 15.9% on a year-on-year basis. The growth rate compared to 23.2% registered during the same period in 2003,the central bank said.     

Construction

Building Materials Sub-council of CCPIT is the other sub-council in construction field.CCPIT Building Materials Subcouncil（CCPITBM）,as well as CCOIC Building Materials Chamber of Commerce,is authorized by CCPIT and state administration of building materials industry in 1992.CCPITBM is a sub-organization of CCPIT and CCOIC. Meanwhile, it is a non-governmental organization for commercial trade and liaison with trade organization, chamber of commerce, association, and other economic group internationally in the field of building materials industry.     

浅析人民币升值对中国经济的影响

近年来人民币汇率受到国内外的高度关注,自从中国实行一揽子货币政策以来,人民币对美元汇率一路飙升,并且迫于美国的压力,央行表示仍要持续稳定的上升。人民币的升值对我国经济带来一系列积极和消极的影响。我国政府应通过经济、行政、法律手段将人民币升值速度控制在一个合理的范围内。     

Boosting Cultural Industry

On July 22 of 2009, the State Council released the Revitalization Plan of Cultural Industry, which is the 11th revitalization plan for an industry following plans for steel, auto, textile, equipment manufacturing, ship-making, IT and other industries.     

The Emerging Sectors in 2008

Last year,the doubling of the A-share market was unmatched in global capital markets.Fueled by appreciation of the RMB,sectors like finance and real estate as well newly revitalized areas like nonferrous metals,the steel and chemical industries,drove market growth,creating many millionaires in the process. In terms of pure performance,all of the 13 sectors classified by the CSRC had strong performance with growth rates well over 100 percent since 2007.     

Investment Guide to Shanghai

Shanghai plays an important role in China's social and economic development.With a population of 16 million,Shanghai contributes 1/12 of China's total industrial output value,1/6 of China's port cargo handling volume,1/4 of China's total exports and 1/8 of China's financial revenue.In 2007,Shanghai's GDP reached RMB 1.2 trillion (US$167.2 billion) up around 90 times over that of 1952 according to the comparable prices.     

Time to Build Our Own Ships——Focus on the stlmulus plan of shipbullding industry

In the fourth quarter of 2008, the shipbuilding industry entered the downturn period, with the weak global shipping market adding more pressure. The shipbuilding industry is almost frozen, and the companies' busi-ness performances result turned in red all at once. While the industry leaders and experts were shocked at the weak-ness, the supporting industries of this sector, which used to be dependent on shipbuilding industry, have begun a quick development in Nantong, Weihai, Wuzhou and other places, stirring the "dead" shipbuilding industry. Just after the lunar New Year, as one of the ten re- vitalization plans, shipbuilding industry stimulus plan was issued, and the policy has a clear favor of ship machinery manu-facturing industry, than shipbuilding in-dustry.     

Yes,Virginia, there is an economic recovery

More factories seem to be at work in the Pearl River Delta than there have been in a recent eight‐month period. Maybe the economy is improving. If pollution means more work, then China just might be on an economic rebound. China has done a few things to speed a possible recovery; among them, it acted fast, engaging in a massive CNY 4 trillion stimulus package combined with bank lending at higher levels than ever by the state‐owned Chinese banks. But the news comes with some caveats, including the increased risk of corruption and triangular debt. China also continues to export but less than before, due to increasing consumer demand at home. Of course, you can create economic incentives to export (assuming there are importers available to the extent there were previously). But what you cannot do is change a culture that understands there is no more “iron rice bowl,” and therein lies the real dilemma for China and an economic recovery. © 2010 Wiley Periodicals, Inc.