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Bank of East Asia to offer new fixed-rate mortgagePublished: 11 Mar 2009 21:44:30 PSTMar. 12, 2009 (China Knowledge) - Bank of East Asia Ltd (BEA), the largest independent local bank in Hong Kong, cut its interest rate in a fixed-rate mortgage program and shortened the period for early repayment penalty, the Standard reported.In order to compete with its rivals, BEA is offering a fixed-rate plan as low as 2.18%, down from the previous 2.48%. According to the bank's new mortgage policy, it will offer fixed-rate terms of one, two and three years. Customers pay 2.18% under the one-year plan, 2.48% for the first two years under the two-year plan, and 2.68% for the first three years under the three-year plan.The mortgage interest reverts to the bank's best lending rate minus 2% after the fixed-rate period. In addition, the Hongkong and Shanghai Banking Corp, is offering a similar fixed-rate at 2.18%. Chong Hing Bank released a new mortgage plan to offer as low as prime minus 2.78%. Citibank is offering as low as prime minus 2.25%, with plans including a cash rebate of 0.8%. Shares of BEA closed flat at HK$13.22 on Wednesday.Copyright � 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News上海注册公司 uv机クレジットカード現金化大阪电磁流量计即日融資

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China, Argentina sign RMB 70 bln currency swap agreementPublished: 30 Mar 2009 17:16:14 PSTMar. 31, 2009 (China Knowledge) - China and Argentina have inked an RMB 70 billion worth of currency swap deal on Sunday, the official Xinhua News Agency reported.The agreement, the biggest ever financial deal between China and a Latin America country, will allow Argentina to use the Chinese currency Renminbi to import goods from China, its second largest trading partner.The move is expected to stabilize the regional currency system and prevent financial risks amid the deepening global financial crisis. It will also help save the exchange costs for the U.S. dollar, thus boost the bilateral trade.Since last December, China has signed such currency swap deals with South Korea, Malaysia, the Hong Kong SAR government, Belarus and Indonesia, totaling RMB 580 billion.Copyright � 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News乳化机 seoサービスクレジットカード現金化比較齿轮箱混合机

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VC investment hits record high in 2008Published: 25 Feb 2009 00:00:00 PSTFeb. 25, 2009 (China Knowledge) - China mainland saw venture capital (VC) investment surge 33.3% year on year to US$7.31 billion and reach a record high last year, despite the economic downturn, according to the latest report by market researcher Zero2IPO Group.In 2008, 81 domestic and overseas VC companies raised capital in 116 funds in China mainland, twice the number in 2007.The IT industry attracted 36% of the total VC investment, more than any other sector. The retail sector accounted for 22%, the service sector 18%, clean energy 9%, and biomedical science 7%.The extremely active RMB funds obtained a total investment of US$1.394 billion, representing 33.1% of the total VC investment, according to the report.Only 43 VC projects in China regained money through the IPO market, with the number plunging 57% compared with 2007, as a result of global financial crisis.Copyright � 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News乳化机 seo クレジットカード現金化草原旅游混合机

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Hualian to buy 5 property projects through share placementPublished: 15 Jan 2009 00:00:00 PSTJan. 15, 2009 (China Knowledge) - Beijing Hualian Department Store Co Ltd announced that it will issue new shares worth of RMB 830 million to its shareholder Beijing Hualian Group Investment Holding Company in a bid to acquire five property projects from the group.According to Hualian's statement, the company will place 240 million shares to the group. Upon the completion of the share placement, Hualian Group will hold 59.5% stake in the listed unit.Hualian also noted the company planned to open over three shopping centers each year, with focuses on the residential communities in Beijing.Copyright � 2009 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina News乳化机 MBA クレジット現金化被リンク混合机

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Chinese stocks up 1.85% on FriPublished: 22 Oct 2009 23:59:18 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketOct. 23, 2009 (China Knowledge) - Chinese stocks ended higher on Friday, boosted by the positive Q3 economic data released by the National Bureau of Statistics yesterday. The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, rose 1.85% or 56.44 points to close at 3,107.85 points after fluctuating between 3,123.46 and 3,057.39 points.The Shenzhen Component Index on the smaller Shenzhen Stock Exchange increased 1.73% or 218.53 points to 12,843.21 points, after touching an intraday low of 12,656.32 points. Gainers in the Shanghai market outnumbered decliners 694 to 128, while 35 were unchanged. Aggregated turnover on the two bourses was RMB 254.59 billion. Market heavyweight PetroChina, the nation's top oil producer, rose 1.84% to close at RMB 13.83, while Asia's largest oil refiner, Sinopec, grew 2.18% to RMB 12.19.Property stocks ended higher. Poly Real Estate Group Co Ltd, China's second-largest developer by market value, rose 1.32% to RMB 27.69. China Vanke Co Ltd, the country's largest publicly traded residential properties developer, increased 0.97% to RMB 12.47.Bank stocks also ended higher. Bank of China Ltd, the country's largest foreign exchange lender, rose 1.72% to RMB 4.15. China Merchants Bank swelled 4.48% to RMB 17.71.Share prices of securities firms ended higher. CITIC Securities Co Ltd, the largest listed brokerage in China, grew 1.12% to RMB 28.79. Haitong Securities Co, China's second largest broker in terms of assets, increased 1.34% to RMB 15.07.Coal stocks were gainers. China Shenhua Energy Co Ltd, the nation's biggest coal producer, rose 3.22% to RMB 36.88. Hebei Jinniu Energy Resources Co Ltd jumped 8.68% to RMB 38.95.Copyright � 2009 http://www.chinaknowledge.com 乳化机 google seo クレジット現金化摆线针轮减速机混合机

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Mon, 24 Oct 2011 08:15:57 +0000

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Property firms acquire 8 land parcels in Beijing in 2 daysPublished: 30 Jun 2009 17:14:50 PSTTop 5 News From ChinaKnowledge.comChina to build 7 wind power bases by 2020Capital Research and Management raises stake in China TelecomProperty firms acquire 8 land parcels in Beijing in 2 daysHaier likely to cut sales growth target for Asia-Pacific regionHongkong Electric eyes stake in world's largest wind farmJul. 1, 2009 (China Knowledge) - On Jun. 24, a Beijing-based real estate developer acquired one piece of land for RMB 1.74 billion or RMB 6,265 per square meter (sq m) of potential floor area in Tongzhou District, Beijing and another for RMB 188 million or RMB 5,986 per sq m in the same district, source reported.Six parcels were purchased on Jun. 25. A Chengdu subsidiary of CEC Industry Development Corp, a real estate subsidiary of China Electronics Corp (CEC), purchased a piece of residential land for RMB 1.96 billion or RMB 15,216 per sq m in Olympic Village, Chaoyang District. The parcel has a potential floor area of 148,800 sq m.A Beijing subsidiary of Beijing Capital Development Co Ltd purchased a piece of residential land that covers a land area of 125,376.08 sq m and has a potential floor area of 275,827.38 sq m for RMB 643.68 million in Daxing District. Five Beijing-based firms acquired four pieces of land, an RMB 304-million parcel in the city's Changping District, an RMB 131-million parcel in Pinggu District, an RMB 901-million parcel and an RMB 251-million parcel in Daxing District, sources reported. Copyright � 2009 http://www.chinaknowledge.com 乳化机 CFD クレジット現金化摆线针轮减速机混合机

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Sany Heavy Industry inks RMB 440-mln supply contractPublished: 07 Dec 2009 01:15:07 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketDec. 7, 2009 (China Knowledge) - Sany Heavy Industry Co Ltd, a maker of heavy construction machinery based in Changsha, Hunan Province, on Dec. 4 signed a contract to supply 56 cranes worth RMB 440 million to a leading Indian crane firm, sources reported. This is the largest crane supply order Sany Group Co Ltd, the parent of the Shanghai-listed firm, has ever received. The contract comprises four types of cranes. The maximum hoisting capacities of the four types are 80 tons, 150 tons, 250 tons and 630 tons. The Indian firm, which currently has 317 cranes each with a maximum hoisting capacity of between 20 tons and 750 tons, has a 60% share of the Indian market for cranes that can hoist 100 to 150 tons and an 80% share of the Indian market for cranes that can lift over 50 tons. The company intends to spend a total of INR 3.3 billion on crane purchases in the period from 2008 to 2010. Excluding the new supply contract, Sany Heavy Industry has sold the Indian firm 13 crawler cranes that can lift up to 80 tons and three crawler cranes that can lift up to 250 tons. The Chinese crane giant has sold more than 2,000 cranes in the Indian market, mostly to firms in the field of concrete equipment. In the third quarter of this year, Sany Heavy Industry reaped RMB 742.72 million in net profit and realized RMB 0.5 in earnings per share. The enterprise's net profit for the first three quarters was RMB 1.54 billion, and its total assets had reached RMB 15.89 billion as of Sep. 30.Copyright � 2009 http://www.chinaknowledge.com 乳化机 CFD クーポンペニーオークション混合机内蒙古旅游

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Better Rural Life Published: 09 Jun 2009 18:58:01 PSTBEARING FRUIT: Farmers in Xinjiang benefit a lot from growing specialty fruits (CHEN JIAN) Mijit Kasim, 68, is a farmer living in Dolan New Village, Iganqi Township of Aksu City, Xinjiang Uygur Autonomous Region. Growing 1.3 hectares of cotton and having an orchard of 0.13 hectare, his family, which has four members, earns 35,000 yuan ($5,124.45) annually. In 2006, since the government planned to upgrade the environment along the Dolan River, Mijit Kasim's family, together with 500 other households, was resettled to their present village. Mijit Kasim received 250,000 yuan ($36,603.22) in compensation for his 400-square-meter house. His family then paid 210,000 yuan ($30,746.71) to move into a 288-square-meter villa uniformly built by the government. His family members all participate in the rural cooperative medical system, under which they receive compensation for most medical expenses. HOMES: Dolan New Village, Iganqi Township of Aksu City. More and more farmers in Xinjiang are moving into earthquake-resistant houses (CHEN JIAN NEW)The experience of Mijit Kasim and his family represents the achievements of new countryside construction in Xinjiang, such as specialty fruit trees, earthquake-resistant houses and the rural cooperative medical system.Growing goldWith exceptionally good conditions of sunshine and fertile soil, Xinjiang has great advantages for growing fruit. The grapes in Turpan, walnuts in Hotan, Chinese dates in Hami, pears in Korla, apples in Aksu and pomegranates in Plyaman are famous all over the country and even the world.But for a long time, most fruit trees grew in courtyards or scattered across land, and specialty fruit production was confined to a self-supporting small-scale peasant economy. According to figures released by the Forestry Department of Xinjiang Uygur Autonomous Region (FDX), in 1978 when China launched the policy of reform and opening-up, only 103,953 hectares of fruit trees were grown in the region.Over the past three decades, and especially since 1998, Xinjiang has endeavored to establish fruit production bases. FDX figures show that by the end of 2007, fruit tree growing bases in the region covered 866,667 hectares, with annual output of fruit surpassing 4.5 million tons and the annual output value of the fruit industry reaching 11.4 billion yuan ($1.67 billion).The fruit industry is contributing more and more to farmers' incomes and has become a new economic growth point. According to FDX figures, in 2007, the per-capita annual income of farmers from the fruit industry stood at 450 yuan ($65.89), contributing 14.3 percent to the total per-capita income of farmers. In some areas where the fruit industry developed earlier than others, the income generated has accounted for more than 50 percent of the total income of farmers. For example, in Piyalma Township of Hotan, which mainly produces pomegranates, the growing area of pomegranates has surpassed 2,000 hectares. The per-capita annual income of local farmers has reached 4,847 yuan ($709.66), with the pomegranate industry contributing 3,102 yuan ($454.17), or 63.9 percent.In addition to expanding the growing acreage of fruits, Xinjiang is also improving growing practices and developing deep processing methods. For example, in Hotan County, Hotan Prefecture, walnut farmers began to develop close planting in 1998 under the guidance of two specialists from the autonomous region's academy of forestry science. According to Hou Jianxin, Party secretary of the county, farmers can now grow 420 walnut trees in each hectare of land, whereas before the number was between 90 and 105. In the meantime, farmers are also intercropping fruits with grain. "Fruit trees can increase farmers' incomes while grain can feed them," said Hou. According to him, besides sell競馬小额贷款グーグル seo プロジェクト管理呼和浩特旅游木托盘

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Taiwan stocks end down, but Asustek outperforms(Updates closing indexes)Published: 05 Feb 2009 01:01:58 PSTAuthor: Gina Chang,Jonathan HopfnerTAIPEI, Feb 5 (Reuters) - Taiwan stocks fell 0.61 percent on Thursday, ending a three-day winning streak after CLSA issued a gloomy outlook for Taiwan's economy, but Asustek rose after forming a tie-up with Garmin to make GPS phones.The main TAIEX share index closed down 26.72 points at 4,363.25, retreating from a three-week closing high reached in the previous session.Turnover was thin at T$55.5 billion ($1.6 billion), lower than Wednesday's T$61.7 billion. (US$1=T$33.7) 即日現金化橡胶制品キャバクラ求人ビジネスローン合法ハーブ灭火器

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Chinese stocks down 0.09% at middayPublished: 18 Nov 2009 22:09:51 PSTMore From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial MarketNov. 19, 2009 (China Knowledge) - Chinese stocks ended slightly higher in the morning trading session on Thursday, dragged by market heavyweights.The Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, edged down 0.09% or 2.85 points and closed at 3,300.38 points in the morning session.The Shenzhen Component Index on the smaller Shenzhen Stock Exchange declined 26% or 35.41 points and stood at 13,606.94 points.Market heavyweight PetroChina, the nation's top oil producer, went up 1.07% and closed at RMB 14.16, while Asia's largest oil refiner, Sinopec declined 0.16% to end at RMB 12.7. Sinolink Securities Co Ltd gained 0.29% to RMB 24.27. The Pacific Securities Co Ltd added 0.12% to RMB 17.13. Guoyuan Securities Co Ltd edged up 0.48% to RMB 21.07. Bank stocks were among the decliners in the morning trading session. Industrial and Commercial Bank of China, the world's largest lender by market value, dropped 1.26% to end at RMB 5.5. China Merchants Bank went down 2.5% and closed at RMB 18.35. Shanghai Pudong Development Bank decreased 1.17 % to RMB 23.7.China Life Insurance Co, the country's largest life insurance company, slipped 0.35% to RMB 31.62, while Ping An Insurance (Group) Co, China's second-largest insurer, shrank 1.16% to RMB 60.65. Property shares ended mixed in the morning. Vanke Co Ltd, the country's largest property developer, ended flat at RMB 12.14. Gemdale Corp, one of the largest property developers in China, lost 0.12 to RMB 16.32. COFCO Property (Group) Co. Ltd declined 0.36% to RMB 13.76. Poly Real Estate Group Co. Ltd, China's second-largest developer by market value, edged down 0.07% and closed at RMB 26.68.Copyright � 2009 http://www.chinaknowledge.com カード現金化現金化比較キャバクラ求人テレホンセックス过滤器搅拌器

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China Alarmed About Spread Of Swine FluPublished: 14 May 2009 23:24:16 PSTAuthor: Vivian Wai-yin KwokHONG KONG -- Swine flu has reached China, and the government is trying to stop its spread.Top Chinese leaders called for strict steps to be taken against the outbreak of swine flu after the country confirmed its first case of A/H1N1 influenza.More From Forbes.com: In Depth: World's Most Powerful Luxury Brands In Pictures: Eight Disruptive Companies Investors Love In Pictures: The Best Countries For Business Whitney: Capital Markets Regress Stress Tests: Not The Final Grade Chinese President Hu Jintao ordered officials at all levels to take all emergency measures to prevent the disease from spreading."We must attach great importance to the fact that the flu epidemic is still spreading in some countries and regions, and that China has discovered one case," official news agency Xinhau cited Hu as saying Monday night after the first swine flu case was confirmed in Chengdu, the capital of southwestern Sichuan Province.A 30 year-old patient, a student surnamed Bao who recently returned from the United States, tested positive for the A/H1N1 influenza early on Monday. The patient was sent to Chengdu Infectious Disease Hospital under medical observation.The State Council held an urgent meeting Monday to discuss further precautionary measures to stop the disease.The confirmed carrier returned from the U.S. to Beijing via Tokyo on Northwest Airlines flight NW 29 early Saturday morning. He then flew from Beijing to Chengdu on Sichuan Airlines flight 3U8882 the same day, according to the Ministry of Health.As soon as the case was confirmed, Beijing health authorities began trying to track down passengers and crew on the Tokyo-Beijing flight with Bao, and by Tuesday morning, 201 of the 233 people on NW 29 had been put under medical observation, the health ministry said. Another 160 were on the plane Bao took to Chengdu. While two are still at large, the other 158 have been found and quarantined.Bao stayed for more than nine hours at a hotel in Beijing's Shunyi district before he got on the plane flying to Chengdu. All 103 guests and staff, including nine foreigners, were placed under a week-long "observation," or quarantine, at the hotel.The government of Hong Kong, a southern city in China, expects a mass outbreak to occur in Hong Kong about three weeks after the Chinese mainland reports its first swine flu case, given the heavy flow of people between the two places.In other parts of the world, Japan reported its first four cases: a teacher and three students who had been on school trip to Canada. Australia reported its first confirmed case Saturday.According to the U.S. Centers for Disease Control and Prevention and the World Health Organization, the total global death toll reached 53, with 48 deaths in Mexico, three in the U.S., one in Canada and one in Costa Rica.There were nearly 4,700 confirmed cases in 30 countries, including at least 1,626 in Mexico, 2,532 in the United States and 284 in Canada.The WHO predicted up to 2 billion people could eventually be infected if swine flu turns into a pandemic.カード換金現金化比較カード現金化口コミテレクラ管理咨询搅拌器

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Exhibition on Tibet opens at National Art Museum of ChinaPublished: 12 Nov 2009 01:02:01 PSTStaff set up the "Inspiring highland� Chinese art exhibition". Opening on November 13 at the National Art Museumof China in Beijing, More than 500 artistic works about Tibet will be on show.An oil painting entitled, Spring comes to Tibet by Dong Xiwen in 1955 is on show at the National Art Museum of China.An oil painting by Wu Zuoren called Tibetan woman carries water was painted in 1946 and is shown at the National Art Museum of China in Beijing.Tibetan youth, a watercolor by Wu Changjiang in 2009, is on display at the National Art Museum of China in Beijing.A watercolor entitled Drum music in winter by Dezhen in 2003 is exhibited at the National Art Museum of China in Beijing.The auspicious clouds over the snow mountain by Feng Yuan in 2005 is on show at the National Art Museum of China in Beijing.A sculpture entitled The spring of the highland by Shiyi in 1979 is presented at the National Art Museum of China.Painted by Jimeichilie in 2003, The mounted archer is on show at the National Art Museum of China in Beijing.An oil painting entitled The lady from art troupe was done by Jin Shangyi in 1978 and is on display at the National Art Museum of China.A carving entitled Study by Li Huanmin in 1962, is shown at the National Art Museum of China in Beijing.A Chinese painting called Snow line by Liu Dawei in 2004 is shown at the National Art Museum of China.The east is red, the sun rises is a carving made by Niu Wen in 1959 and is on show at the National Art Museum of China in BeijingAn oil painting entitled We are walking on the highroad by Pan Shixun in 1964 is on display at the National Art Museum of China.Towards Lhasa, an oil painting by Wang Yiguang in 2005 is presented at the National Art Museum of China in Beijing.An oil painting entitled Chaimucuo by Zhan Jianjun in 1977 is on show at the NationalArt Museum in Beijing.An oil painting by Zhu Naizheng in 1963, Golden Season is displayed at the National Art Museum of China.A carving entitled Hostess by Xu Kuang and A'ge in 1978 is presented at the National Art Museum of China. Explore the World, Understand China!Please log on http://www.gloaltimes.cn Waterproof socks 現金化カード現金化比較ツーショットダイヤル港澳游搅拌器

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Firm signs first emission reduction dealPublished: 05 Aug 2009 10:02:01 PSTBy Chen Xiaomin Shanghai-based Tianping Auto Insurance became the first Chinese company yesterday to voluntarily buy carbon emission credits in an effort to help reduce greenhouse gases.It signed a deal to pay 270,000 yuan ($39,527) for 8,026 tons of emitted carbon, which the firm produced during the last four years.An official with National Development and Reform Commission (NDRC) yesterday acknowledged the importance of the first voluntary emission reduction (VER) trade in China.“The deal is a very useful trial. What we should do next is to keep improving the market-based mechanism, which has become one of the most important ways and trends to reduce emission of greenhouse gases and address climate exchange around the world,” Ma Aimin of the Department of Climate Change at NDRC told the Global Times yesterday.The campaign to encourage companies to buy carbon credits is gaining favor around the world.Companies and individuals can voluntarily purchase credits to offset the amount of carbon they produce.Tianping had to bid for the credits, which were approved for trading on the China Beijing Environment Exchange (CBEX) in December 2008.Mei Dewen, general manager of CBEX, said the amount of carbon Tianping paid for was offset by legions of environmentally conscious Beijingers.“The 8,026-ton carbon emission reduction was achieved by 81,670 people in Green Commuting Campaign during the 2008 Beijing Olympics. They used public transportation such as buses, bicycles and railways more frequently instead of driving their own cars,” said Mei.In addition, the 270,000 yuan will be used to support other green commuting campaigns such as the 2010 Shanghai Expo Green Commuting Program.The world carbon emission market witnessed a boom since 2005. Carbon emission trade volume in 2008 was $110 billion, and is projected to reach $3.1 trillion (up $3.09 trillion from 2005) by 2020, according to a study released in 2008 by Point Carbon.And China has played a significant role in the market, especially in Clean Development Mechanism (CDM), an arrangement under the Kyoto Protocol allowing industrialized countries with a greenhouse gas reduction commitment to invest in projects that reduce emissions in developing countries as an alternative to more expensive emission reductions in their own countries.NYSE Euronext, one of the world’s most diverse exchange groups, said in June that China had an 84 percent market share in 2008 for the primary CDM market. Between 2002-2008, China accounted for 66 percent of all contracted CDM supply in the market.Mei of CBEX saw the business opportunity in the market.“Till July of this year, NDRC has approved 2,000 CDM projects, among which 600 projects have been registered at the UN. The 600 projects will save $100 billion of carbon emission costs for developed countries and generate $18 billion revenues for China if the price is $10 per ton.”However, within China, there are no pending carbon deals on the horizon, besides the one with Tianping. Point Carbon attributed this to the lack of mandatory emissions trading schemes in China.“China will be continuing to be the world market leader in CDM projects. However, there is no demand within China for emissions trading, as long as the central or provincial governments do not introduce mandatory emissions trading schemes,” Axel Michaelowa, senior founding partner at Perspectives GmbH at the Zurich Office of Point Carbon, said in an e-mail interview.The 11th Five-Year Plan (2006-10) listed caps for energy consumption per GDP, and has set emission limits on two major greenhouse gases – sulfur dioxide and chemical oxygen demand (COD), and sWaterproof socks 現金化カード現金化ショッピング枠現金化港澳游搅拌机

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Proactive Policies Pay off Published: 28 Apr 2009 20:57:22 PSTWINDING UP: Workers operate machinery at Dongfang Steam Turbine Works in Deyang, Sichuan Province. China's overall industrial production increased steadily in the first quarter"It's really hard-earned for the Chinese economy to get stable and warm again," said Li Xiaochao, spokesman of the National Bureau of Statistics (NBS), at a press conference held in Beijing on April 16. "It's the result of massive stimulus policies timely launched by the Chinese Government."Since last November, the government has adopted a stimulus package to counter the effects of a marked decrease in international demand for the country's goods and the growing pressure on domestic economic growth brought about by the global financial crisis. This package includes a 4-trillion-yuan ($586 billion) investment and 10 industrial stimulus plans.Li presented a detailed analysis about the stimulus package and noted that it includes not only policies to increase investment and consumption and expand domestic demand, but also policies to stabilize exports such as increased tax rebate rates. It contains proactive fiscal policies such as increasing the number of treasury bond issues and structural tax cuts. It also calls for appropriately accommodative monetary policies such as a reduced interest rates and deposit reserve ratios. Various government departments and local governments at all levels are working hard to implement these policies in accordance with the requirements and arrangements of the Central Government, thereby contributing to the country's economic recovery.Positive changesThe overall national economy has shown some positive changes thanks to the stimulus package, Li said.Industrial production has increased steadily. In March, the added value completed by enterprises with annual sales revenue of more than 5 million yuan ($732,064) increased 8.3 percent year on year, and was 4.5 percentage points higher than the rate in the January-February period."In regard to industry, the most difficult time was between last November and this February," Li said. "Industrial growth has recovered to the level in last October (8.2 percent)."Among the country's current 39 industrial sectors, 33 are growing, accounting for 80 percent of all sectors, Li said. He noted that while the textile and garment industry had been losing money, its profit rose 15.6 percent in the first quarter. The petroleum processing and coking industry recovered from 19.4-billion-yuan ($2.84 billion) in losses in the same period last year to make 11.7-billion-yuan ($1.71 billion) in profit in the first quarter of this year, Li said.Signs of an economic turnaround can be seen elsewhere in the first-quarter figures. Agricultural development remained stable with the sowing area of grain rising for the last six consecutive years. Meat output rose 6 percent year on year.Li noted that China's fixed-asset investment increased quickly in the first quarter and was up 28.8 percent over a year ago. Retail sales of consumer goods also rose fast. In the first quarter, they were up 15.9 percent, which was 3.6 percentage points higher than the same period last year, and 1.1 percentage points higher than in 2008. In the meantime, consumption in rural areas grew faster than in cities."Faster growth in investment and consumption shows that the government's policies of expanding investment and promoting consumption have achieved great effects," Li said.Increased lending by financial institutions also has supported the country's economic recovery. In the first quarter, the amount of loans issued by financial institutions hit a record high. The outstanding amount of loans among all financial institutions totaled 34.96 trillion yuan ($5.12 trillion), an increase of 4.58 trillion yuan ($670.5Waterproof socks 現金化カード現金化ショッピング枠現金化比較分散机搅拌机

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Hang Seng Bank may increase investment in mainland ChinaPublished: 10 Aug 2009 17:38:50 PSTTop 5 News From ChinaKnowledge.comZijin Mining H1 net profit up 11%Duke Energy, Huaneng Group ink renewable energy MOUHang Seng Bank may increase investment in mainland ChinaChampion REIT's income up 162% in H1CIC reports 2.1% loss on 2008 overseas investmentsAug. 11, 2009 (China Knowledge) - Hang Seng Bank, 62% held by HSBC Holdings Plc, may raise its investment in mainland China by 35% to RMB 10 billion in total by internal expansion and acquisitions in the next three years, said the Hong Kong-based bank's Chief Executive Margaret Leung, sources reported.The Hong Kong-listed lender is well prepared for potential acquisitions and establishment of joint ventures in mainland China, focusing on the insurance, wealth management and securities sectors, though current asset valuation level in the market is not cheap, according to the executive.HSB will seek acquisition opportunities carefully, said Leung, adding that if there are good projects, the bank will take it early rather than late as asset prices are increasing in mainland China.The bank, Hong Kong's fourth largest lender, was reportedly considering raising its shareholding in Industrial Bank Co Ltd. As of Mar. 31, 2009, HSB holds 639 million shares of the mainland bank. HSB said that its lending to small and medium-sized enterprises during the first quarter of this year increased approximately 6% compared with that of the fourth quarter of 2008, according to an earlier report from China Knowledge.Shares of HSB rose 2.42% to close at HK$118.6 on Monday.Copyright � 2009 http://www.chinaknowledge.com Chengdu expat 現金化カード現金化ショッピング枠現金化分散机搅拌机

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