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China Economics Trend Watching

Health in China: Output of medicine industry expected to increase by 20% in 2009

Output of China’s medicine industry would increase by 20 percent in 2009, a senior legislator has said. The output figure is expected to hit one trillion yuan (146 billion U.S. dollars) in 2009 despite the severe domestic macroeconomic situation, Sang Guowei, vice chairman of the Standing Committee of the National People’s Congress, told a biological industry forum on recently.

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China Consumer Behavior Trend Watching

China, Socialism & Consumer Behavior: aiming for 10 million units in vehicle production, sales in 2009

China aims for 10 million units in both vehicle production and sales this year, according to an online government document concerning detailed automobile support package. China’s automobile industry is to yield an average 10 percent growth for its production and sales in the next three years, said the document, released on recently […]

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China Economics

Investing in China: Shanghai to launch plan to use yuan for foreign trading

Shanghai is set to be among the first to implement a pilot program to settle overseas trade using the Chinese RMB yuan to consolidate its international financial hub position, the Shanghai Financial Services Office said recently. Using the yuan as a settlement currency for international trade is a step forward to internationalizing the currency and will also boost Shanghai as an international financial hub. The city is a magnet for overseas financial players, home to the China headquarters of giants such as HSBC and Citigroup. The city also holds the mainland’s bigger stock market, biggest futures market, gold, currency and interbank markets…

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China

107 dead, $15.4 billion lost due to snow in China

The blizzards that struck southern China in the past month have killed at least 107 people and left eight missing, as of February 12/2007, reported a senior Chinese official recently. The disaster has also caused direct economic losses of about 111 billion yuan ($15.4 billion), Civil Affairs Minister Li Xueju said: 21 provincial-level areas had been affected, with Hunan, Guizhou, Jiangxi, Anhui, Hubei, Zhejiang and Sichuan provinces and the Guangxi Zhuang autonomous region the worst hit […]

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China Economics Trend Watching

Living in China: Limits to the inflow of Foreign Workers likely to be set

China’s top legislature began to deliberate a draft law on exit and entry administration, which aims to cope with the surging overseas visits by Chinese and the influx of foreigners […]

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China Consumer Behavior Economics Trend Watching

China, Socialism & Consumer Behavior: Hotel industry experiences building boom

China is witnessing an unprecedented boom in hotel construction that is changing the face of the global hospitality industry. The country will have the highest number of hotels under construction and room openings in the world for each of the next two years, according to figures released by Lodging Econometrics, the US-based hotel retail estate market analysts […]

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China Economics Innovation Trend Watching

China, Technology, Innovation & the Environment: aiming for 230 gigawatts wind power capacity

China is set to achieve wind power of 230 gigawatts of installed capacity by 2020, which is equal to 13 times the current capacity of the Three Gorges Dam, according to a latest report […]

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China

Living in China: Shanghai’s air quality report may add more pollutants

Daily ozone and carbon monoxide measurements may be included in Shanghai air quality reports to meet new standards proposed by the Chinese Ministry of Environmental Protection. The ministry wants to bring China’s air quality reports into line with international standards […]

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China

Living in China: Beijing population size warning

Beijing’s population is approaching the saturation point, Wei Chenlin, director of the municipal bureau of land and resources, said on recently. The population upper limit for the city, according to the bureau of land and resources, is 18 million. Currently the population has surpassed 16.3 million. It is estimated that by 2020 the population will be 21 million.

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Trend Watching

Internet in China: blogs exceed 100 million

China-based blogs total 107 million, with more than 42 percent of netizens running a blog, a senior information official said here on recently. Cai Mingzhao, deputy director of the Chinese State Council Information Office, made the comment at the 2nd U.S.-China Internet Industry Forum. The number of blogs was about 40 million just a year ago […]