China's general economy info - Page 2

oneman28 · 01-02-2006, 05:00 AM

http://www.tmcnet.com/usubmit/-yangt...ec/1246211.htm

Quote:

SinoCast Via Thomson Dialog NewsEdge)HANGZHOU, Dec 29, 2005 (SinoCast via COMTEX) --Sources from forum on communication of Yangtze River Delta Area said Hangzhou-Ningbo high-speed railway will be built up before 2020.

Besides, China will also build up Shanghai-Hangzhou and Shanghai-Nanjing inter-city high-speed railways before 2010. Then, improved communication network will help to prople integration of Yangtze River Delta.

Yangtze River Delta area is the one of the most energetic areas in China, and the regional planning covers 16 cities around Shanghai within 300 square kilometers.

Experts said the inter-city railways with the speed of over 200 and 300 kilometers per hour will greatly expand the area of integration and city agglomeration.

However, the length of road per 10,000 people in the delta area have is 40.8% of the average level of the whole country, and per 10,000 people in the area just have 0.16 kilometer of railway, at the moment.

From www.sina.com, Page 1, Wednesday, December 28, 2005
info@SinoCast.Com

oneman28 · 01-02-2006, 05:04 AM

http://www.planetark.com/dailynewsst...4230/story.htm

CHINA : December 28, 2005

Quote:

BEIJING - China restarted construction on Monday on its second-largest hydropower project, which will have 12.6 gigawatts of installed capacity when up and running, state media said.

Total investment would surpass 50 billion yuan ($6.2 billion) by the time the Xiluodu power station was completed in 2015, when it would annually generate 57.1 billion to 64 billion kilowatt hours of electricity, Xinhua news agency said.
The dam would cross the Jinsha river section of the Yangtze in 2007 and its first generator would be installed in 2012, Xinhua said.

At the beginning of the year, China's environmental watchdog ordered the state-owned Yangtze River Three Gorges Project Development Corp. to halt unapproved construction of three hydropower projects, including the Xiluodu dam.

Beijing generally encourages development of hydropower stations, which account for around a quarter of China's installed capacity, as renewable, relatively clean alternatives to thermal plants.

But some environmentalists do not believe large hydropower projects should be grouped with renewable energy technologies like solar power and wind turbines because of their impact on river systems.

Xinhua said the Three Gorges Corp. had turned over the necessary environmental impact assessment on the Xiluodu dam to the State Environmental Protection Administration, but did not say when the watchdog gave the green light for work to resume.

The Xiluodu dam would be one of four new projects along the Jinsha river that would have a total installed capacity of 38 gigawatts, Xinhua said, more than the projected 22.4 gigawatts at the Three Gorges Dam, the world's largest hydropower project.

When completed, the four new projects could generate 174 billion kilowatt hours of electricity annually, the report said.

The Xiluodu project is part of China's West-East power transmission project, which aims to take electricity from poor areas suited to dams to the booming but power-strapped coastal regions.

(US $1 = 8.073 Yuan)

oneman28 · 01-02-2006, 05:10 AM

http://en.chinabroadcast.cn/855/2005.../501@39792.htm

2005-12-29 15:00:03 CRIENGLISH.com

Quote:

GUIYANG - Construction on the largest railway hub in southwest China started in Guiyang, capital of Guizhou Province, on Dec. 28.
The project, one of the state key construction projects, involves an investment of 3 billion yuan (US$371.7 million), jointly funded by the Ministry of Railways and Guizhou Province.

Lu Chunfang, vice-minister of Railways, noted that the construction of the project will improve railway transport conditions and enhance the flexibility of the railway network in southwest China.

The hub project based on the Guiyang Southern Station will link with the railway lines between Guiyang and other cities in Sichuan, Hunan and Yunnan provinces and Guangxi Zhuang Autonomous Regions.

Guiyang Southern Station has a designed daily marshalling capacity of 7,800 rail wagons and at present handles some 10,000 wagons daily. Station director Zhang Jiqing said the station has been a bottleneck of railway transportation and has curbed transport capacity of railway lines in southwest China.

Once the project is completed in 30 months, the station will have a daily marshalling capacity of 20,000 wagons with a daily freight volume of more than 400,000 tons.

(Source: Asia Pulse)

oneman28 · 01-02-2006, 05:11 AM

http://www.tmcnet.com/usubmit/-shenz...ec/1244174.htm

Quote:

(SinoCast)SHENZHEN, Dec 28, 2005 (SinoCast via COMTEX) --The southern China's Shenzhen City in Guangdong Province has started building its No. 3 Subway Line on December 26.

The No. 3 Line, with a total length of 32.895 kilometers, connects the Luohu District in the inner part of Shenzhen Special Economic Zone and Longgang District in the outer Zone.

The subway's section in the inner Zone will be running underground for 8.533 kilometers and the other section in the outer Zone, excluding a transitional section, will all travel above elevated bridges, that means, two thirds of the No. 3 Subway Line will run on the ground.

Totally 21 stationshe will be set up along the full range of No. 3 Line, which will enable it to get connected with the city's No. 1 Subway Line and No. 5 Light Railway.

After finish, the No. 3 Line will well link Shenzhen city's three new satellite cities including Buji, Henggang and Longgang.

With a total investment of CNY 10.987 billion, the No. 3 Line is expected to complete and open for traffic by 2009.

From www.nbd.com.cn, Page 1, Tuesday, December 27, 2005
info@SinoCast.Com

oneman28 · 01-02-2006, 05:14 AM

http://english.people.com.cn/200512/...30_231741.html

Quote:

The No. 1 subway expansion project in Tianjin, the largest port city in north China, which was completed on Wednesday, will begin trial operation on March 28, 2006.

A test run was conducted on the newly completed subway tracks on Wednesday, sources from Tianjin Subway Corporation said.

Tianjin is China's second city built with a subway system. But because of low construction standards, the old subway failed to play a key role in diverting passenger flows after it was put into traffic in 1984.

The expansion project, which began in November 2002, was carried out on the basis of the outdated 7.4 km subway section. With a budget of 7.8 billion yuan (about 962 million U.S. dollars), the expanded subway is 26.2 km long and is built with 22 stops, including eight elevated open-air stops and one ground stop. Each stop is installed with automatic ticket vending machines.

A corporate spokesman predicted the expanded subway system, which connects six administrative districts from north to south, would haul 48,100 journeys an hour at most.

According to him, Tianjin will plan to build six new tracked routes in the years to come and by the year of 2050, the city will have a tracked transport network with its length totaling 154 km.

At present, the city's second and third subway projects, with a combined budget of 20 billion yuan (2.47 billion U.S. dollars), are under preparation.

Subway service is now available in Beijing, Shanghai, Nanjing, capital of east China's Jiangsu Province, as well as Guangzhou and Shenzhen, both in south China's Guangdong Province.

Source: Xinhua

oneman28 · 01-02-2006, 05:17 AM

http://en.chinabroadcast.cn/855/2006.../262@40397.htm

2006-01-02 11:41:33 Shanghai Daily

Quote:

China's retail sales were expected to close out 2005 with a 13 percent gain as the government moved to spur domestic spending and the country's economic development put more money in consumers' pockets.

Sales were forecast to exceed 6.1 trillion yuan (US$753.09 billion) compared with 5.4 trillion yuan in 2004, according to the Ministry of Commerce.

China currently ranks third in the world in retail sales after the United States and Japan and is followed by the United Kingdom and France.

Among its efforts to boost the sector, the country is encouraging the service industry by lowering the threshold for market entry.

Major retailers in China are generating competitive strength through acquisitions and consolidations. For the first time, sales of the top 100 retailers accounted for more than 10 percent of the nation's total, up 1 percentage point from 2004.

Analysts said the development is a matter of the survival of the fittest, as retailers that failed to earn a profit either closed down or were bought by bigger companies.

"The retail market has experienced too much competition in the past few years as companies poured into the business," said Lin Li, an analyst at Xiangcai Securities Co.

"The increasing amount of sales by major retailers means that the market is getting healthier by sweeping out unnecessary competition."

Lianhua Supermarket Holdings Co, under Shanghai Brilliance (Group) Co Ltd, paid about 100 million yuan in October to buy a 58 percent stake in Century Lianhua — its hypermarket operator.

Shanghai Brilliance (Group) Co Ltd now operates six supermarket brands.

The group said it will finish the consolidation of its two main brands, Hualian and Lianhua, in three years to avoid internal competition and reduce operating costs.

oneman28 · 01-03-2006, 04:20 AM

http://www.upi.com/NewsTrack/view.ph...2-083737-6490r

Quote:

BEIJING, Jan. 2 (UPI) -- China's economy may be growing faster than expected.

A senior Chinese official says China's economy grew an estimated 9.8 percent in 2005, much faster than expected, the BBC reported.

Ou Xingqian, a senior member of the National Development and Reform Commission, made the remarks at a meeting of the economic planning body.

The BBC said the figure, if confirmed, means China's economy grew faster in 2005 than in the two previous years. It would also prove that the government's efforts to cool down sectors of the economy in danger of overheating have proved largely unsuccessful.

Previous forecasts have suggested China's economy would grow 9.4 percent in 2005, in line with the 9.5 percent growth seen in both 2003 and 2004.

The BBC said official estimates for 2005 growth will be published later this month.

oneman28 · 01-03-2006, 04:21 AM

http://www.chinaknowledge.com/news_d...eneral&ID=1715

Quote:

3 January 2006 (CHINA KNOWLEDGE PRESS)

Jan. 3, 2006 (China Knowledge) – China’s export of farm produce in 2005 is expected to reach a record high of US$26.5 billion, according to the country’s Ministry of Commerce.

From January to November 2005, China exported US$24.37 billion worth of farm produce, an increase of 19.3% year-on-year. During the period, the country’s trade deficit in farm produce narrowed by 71.6% over the same period last year to US$1.53 billion.

Export of China’s farm produce to the E. U. and South Korea increased by 40% and 41% respectively from January to October 2005.

The ministry has adopted five major strategies this year, namely improving the policies on farm produce export, providing public information service and training, continuing to promote export credit insurance of farm products, supporting companies in developing international markets and being proactive in responding to epidemics.

Neo · 01-03-2006, 15:49 PM

SHANGHAI: China’s economy grew 9.8 percent in 2005, a senior Chinese official was quoted as saying Monday, faster-than-expected after a major revision upwards last month of the size of the economy in 2004.

Ou Xinqian, vice minister of the National Development and Reform Commission (NDRC), said the final year figure would be up 0.4 percentage points from the organisation’s previous forecast of 9.4 percent.

“This figure was adjusted according to the newly revised 2004 GDP,” Xinhua quoted Ou as saying, referring to last month’s revision of China’s gross domestic product (GDP) data.

That revision showed the total value of China’s economy at the end of 2004 was in reality 16.8 percent, or 284 billion dollars, more than previously estimated.

The miscalculation, mainly in the service sector, meant China hopped over Italy to become the world’s sixth largest economy with total GDP of more than 1.97 trillion dollars.

The revised 2005 growth figure of 9.8 percent from Ou is not the final official number. afp

oneman28 · 01-05-2006, 00:48 AM

http://www.sciencedaily.com/upi/?fee...-newcities.xml

Quote:

BEIJING, Jan. 3 (UPI) -- China plans to build 11 satellite cities around its capital, Beijing, each with fast tracks connecting to downtown, Tuesday's the Beijing News reported.

"We have finished the planning of three satellite cities in the east part of Beijing so far," Chen Gang, the director of the Beijing's Municipal Commission of Urban Planning, was quoted as saying.

The cities are expected to hold 5.7 million people, mostly from Beijing, which has a population of 11.5 million.

Housing will be cheaper than in downtown areas, and each city will have at least one good-quality hospital, a primary and a middle school and a scaled supermarket.

The Municipal Commission of Urban Planning said Beijing plans to build more government-subsidized housing in outlying districts along the subway lines.

The decision to build the satellite cities reflects Beijing's general urban plan for 2004-20, which was approved last January. The plan requires city authorities to develop policies to decrease the population density and improve living conditions in old Beijing.

Copyright 2006 by United Press International. All Rights Reserved

oneman28 · 01-05-2006, 00:50 AM

http://www.forbes.com/business/feeds...fx2428229.html

Quote:

01.04.2006, 09:35 PM
BEIJING (AFX) - China's largest oil refiner Sinopec has received approval from the State Council to build a 3.1 bln usd petrochemical complex in the northern municipality of Tianjin, the China Daily reported.

The plant, which is scheduled for completion in 2008, includes a one mln ton per year ethylene cracker, a refinery able to process 12.5 mln tons of crude oil a year, and other facilities to produce petrochemical products such as polyethylene and polypropylene, the newspaper said.

Citing a Sinopec official who declined to be named, the newspaper said the State Council approved the project, which will be wholly owned by Sinopec, on Dec 21.

Construction of the new complex will start in the first half of this year, the newspaper said, adding that Sinopec officials did not provide any more details.

Tianjin port handled 240 mln tons of commodities last year, ranking among the world's top 10 ports, the newspaper said.

Sinopec rival PetroChina is also looking to build a similar sized petrochemical complex in Tianjin to tap the huge potential of China's petrochemical market, the newspaper said.

China consumed 16 mln tons of ethylene in 2004, but only 6.27 mln tons of the product was produced domestically that year, the newspaper added.

'The current ethylene production facilities under construction are far from enough to meet demand,' the newspaper quoted Hou Jixiong, an oil and gas analyst with Guotai Jun'an Securities Co Ltd, as saying.

oneman28 · 01-05-2006, 01:02 AM

http://today.reuters.com/investing/f...GEN-URGENT.XML

Quote:

Wed Jan 4, 2006 10:08 PM ET
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SHANGHAI, Jan 5 (Reuters) - Sales at Volkswagen A.G.'s (VOWG.DE: Quote, Profile, Research) car-making joint ventures in China fell 13.8 percent to 564,300 units in 2005, the second consecutive year of declining sales, executives at the two businesses said on Thursday.

The German company's flagship joint venture in Shanghai sold 287,000 vehicles last year, 19 percent fewer than in 2004 and hit by weakness in the world's third-largest vehicle market, an executive, who asked not to be identified, told Reuters.

Volkswagen's other plant, in the northeastern city of Changchun, saw 2005 sales of 277,300 vehicles, another executive said.

The sales figures covered only locally produced vehicles. Volkswagen officials in China declined to comment.

In 2004 the auto maker sold 655,000 units in China, down 6 percent from 2003, executives have said.

oneman28 · 01-05-2006, 01:04 AM

http://news.xinhuanet.com/english/20...nt_4011060.htm

Quote:

BEIJING, Jan.5 -- Shanghai General Motors Corp overtook the two joint ventures of Volkswagen AG in China to capture the crown as the top seller of passenger cars in 2005.

It was the first time Shanghai GM has beaten Shanghai Volkswagen and First Automotive Works-Volkswagen to drive to the top as the best seller in the world's third-largest car market over the past decade.

Shanghai GM, General Motors Corp's joint venture with Shanghai Automobile Industry Corp, and the second-largest domestic automaker, sold 325,000 sedans nationwide in 2005, a surge of 29 percent year-on-year.

Shanghai VW, the winner in 2004, reversed one place to first runner-up spot as it sold 287,000 cars to customers, down 19 percent from a year earlier.

FAW-VW, Volkswagen's joint venture with First Automotive Works Group Corp, the largest carmaker domestically, also slipped one position to third place on sales of 270,000 units, a drop of 10 percent from the same period last year.

The market share of German-based Volkswagen AG, which used to dominate the Chinese market for a long time with its popular Santana model, fell from 80 percent to 20 percent while its sales also dropped more than 10 percent on-year.

Shanghai GM's success was helped by its quick response to market demand as it introduced various models to meet people's needs, said business insiders.

Beijing Hyundai Motor Company also surpassed Guangzhou Honda Automobile Co Ltd and moved one position to No. 4 in the sales stakes, followed by Guangzhou Honda,

Sales of Beijing Hyundai Motor Corp jumped 62 percent to 233,668 cars for 2005 after surging a whopping 176.4 percent in 2004.

Guangzhou Honda, which makes Accord, Fit and Odyssey models, sold 233,000 units nationwide in 2005, up 13.9 percent after it raised its sales target in the middle of 2005.

(Source: Shanghai Daily)

oneman28 · 01-05-2006, 01:05 AM

http://www.chinadaily.com.cn/english...ent_509544.htm

Quote:

Updated: 2006-01-05 10:49

Despite increasing international trade disputes and the appreciation China's currency in 2005, the country's textile industry recorded healthy increases, the China Chamber of Commerce for Import and Export of Textiles said Wednesday.
According to the chamber's estimate, sales revenues, profits and exports all increased 20 percent year on year. Sales revenue totaled 2 trillion yuan (250 billion U.S. dollars), profits were 66 billion yuan, while exports reached 116 billion U.S. dollars in2005.

China's textile export in 2004 totaled 97.3 billion US dollars, according to figures from Chinese customs.

The chamber attributed the textile output and export growth mainly to increased investment in fixed assets and technological innovation that have enhanced the competitiveness of Chinese companies.

Official statistics show in the first ten months of 2005, sales revenue and sales value and industrial added-value of large-sized Chinese textile enterprises grew 26.33, 26.28 and 24.95 percent year on year respectively. This is a growth rate that was higher than the same period of 2004.

Due to oil price hikes, profits in China's chemical fiber sector of the textile industry dropped about 30 percent. If this decline were not included in the industry's calculations the chamber believes profit growth registered 30 percent in most other sectors.

Thanks to the elimination of global textile quota, China's textile exports to the United States and European Union jumped 62.7 percent in the first ten months of 2005, and accounted for 34.09 percent of all of China's textile exports. The ratio in 2004 stood at 25.72 percent.

oneman28 · 01-05-2006, 01:10 AM

http://www.carthagepress.com/article.../d8eu2dq82.txt

Quote:

BEIJING - China is putting its marathon anti-graft crackdown online, launching a Web site for the public to report corrupt officials.

The site adds to efforts to assure China's public that the ruling Communist Party takes complaints seriously even as many believe they face retaliation for reporting abuses.

The new site is run by the party's Central Commission for Discipline Inspection, the official Xinhua News Agency reported.

The Web site offers Chinese villagers and others a way to lodge complaints directly, bypassing local authorities who are sometimes criticized for retaliating against petitioners or refusing to take action on complaints.

China has the world's second-largest population of Internet users after the United States, with more than 100 million people online.

A service of the Associated Press(AP)

01-03-2006, 15:49 PM	#24 (permalink)
Neo Silent lurker *Senior Contributor* Join Date: 04-06-05 Location: Amsterdam Posts: 7,920 Country:	China’s GDP grew faster than forecast in 2005 SHANGHAI: China’s economy grew 9.8 percent in 2005, a senior Chinese official was quoted as saying Monday, faster-than-expected after a major revision upwards last month of the size of the economy in 2004. Ou Xinqian, vice minister of the National Development and Reform Commission (NDRC), said the final year figure would be up 0.4 percentage points from the organisation’s previous forecast of 9.4 percent. “This figure was adjusted according to the newly revised 2004 GDP,” Xinhua quoted Ou as saying, referring to last month’s revision of China’s gross domestic product (GDP) data. That revision showed the total value of China’s economy at the end of 2004 was in reality 16.8 percent, or 284 billion dollars, more than previously estimated. The miscalculation, mainly in the service sector, meant China hopped over Italy to become the world’s sixth largest economy with total GDP of more than 1.97 trillion dollars. The revised 2005 growth figure of 9.8 percent from Ou is not the final official number. afp __________________ Administrator @ Defence.pk

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