China's general economy info - Page 8

Neo · 02-25-2006, 06:16 AM

BEIJING: China’s foreign exchange reserves, which are set to surpass those of Japan to become the world’s biggest, are likely to reach more than $950 billion by the end of 2006, a government economist said in a forecast seen on Friday.

“The foreign exchange reserves are likely to rise by about $150 billion from the end-2005 level,” Zhu Baoliang, senior economist at the State Information Centre, a top government think-tank, wrote in an article in the Securities Market Weekly.

China’s trade surplus more than tripled in 2005 to $102 billion, which, along with inflows of foreign investment and speculative funds, pushed up the country’s foreign exchange reserves to a record $818.9 billion at the end of last year.

UBS economist Jonathan Anderson has forecast China’s foreign currency reserves will top $1 trillion some time in late 2006, exceeding by a good margin those of Japan, which grew a meagre 0.28 percent in 2005 to $846.9 billion.

“In 2006, the yuan faces pressure to appreciate while there are also some factors that could help ease such pressure, but the trend of the yuan’s appreciation will not change,” Zhu wrote.

Chinese officials have repeatedly said the country is committed to pursuing a basic balance in its balance of payments and have promised to take steps to spur domestic consumption. The US has put persistent pressure on China to let the yuan rise. reuters

oneman28 · 02-25-2006, 22:12 PM

http://www.chinadaily.com.cn/english...ent_516263.htm

Quote:

(china.org.cn)
Updated: 2006-01-28 09:38

China's telecommunications sector saw stable growth in 2005, with total revenues of 579.9 billion yuan (US$71.93 billion) and a 11.7 percent growth from the previous year, according to information published on the Ministry of Information Industry website on Tuesday.

The growth was partly driven by an increase of nearly 100 million subscribers last year. By the end of 2005, there were a total of 740 million phone users, including 350 million fixed line users and 390 million mobile users. The number of new fixed line users and mobile users were 38.68 million and 58.6 million respectively.

The penetration rate for fixed line services is 27 sets per hundred persons, and 30 sets per hundred persons for mobile services.

In 2005, there were about 12.63 million more users with access to broadband Internet services, bringing the total to 37.5 million.

According to statistics released by China Internet Network Information Center on January 17, China now has 111 million Internet users, the second highest in the world after the United States.

Short message service (SMS) remained a major contributor to telecom growth last year. About 304.65 billion messages were sent, an increase of 40 percent over the previous year, and total revenue surpassed 30 billion yuan (US$3.72 billion). In addition, other value-added services (VAS) like multimedia message service (MMS), ring tone downloads, and broadband Internet, also saw robust growth.

Due to the uncertainty of 3G policies last year, overall telecom investment was slashed by 4.8 percent to 203.34 billion yuan (US$25.22 billion). Experts believed that investments should rebound following the announcement of a national 3G standard and the implementation of 3G policies.

Su Jinsheng, director of the Telecom Management Bureau under the MII, outlined the bureau's aims for this year during a recent interview with People's Posts and Telecommunications News:

? Develop the layout for the 11th Five-Year Development Guidelines (2006-2010);

? Set up an evaluation system for basic telecom services, and boost the all-round operations of telecom service operators;

? Further improve policies and measures in the areas of industrial development, business coordination, market standards, resource allocation and inter-network settlement; and

? Research policies and measures for an enhanced opening-up of the telecom market, encourage and guide the private sector to play a greater role in telecom service, assist related departments to study policies developed after China's entry to the World Trade Organization so as to raise the sector's importance in the national economy.

As for the development of new technologies and businesses, Su highlighted a three-pronged approach:

First, keep close watch on new broadband access and application technologies, and carry out advanced research in this area.

Second, the bureau will evaluate pilot programs already conducted in the areas of 3G networks, Internet protocol television (IPTV) and ENUM (protocol for phone number mapping) for next-step development planning.

In addition, the bureau will set up an exchange mechanism with key enterprises, and an information sharing mechanism with industry associations to keep abreast of the status of development of new technologies and businesses.

Third, the bureau will set up program models for enterprises, and strengthen the support for new businesses.

oneman28 · 02-26-2006, 07:30 AM

http://www.forbes.com/business/feeds...fx2531293.html

Quote:

BEIJING (AFX) - China's PC market grew 29 pct in 2005, with total shipments of 19.3 mln units in the year, research firm Gartner said.

China's top PC vendor was Lenovo, which achieved a 40.5 pct increase from a year earlier to 6.35 mln units.

Founder Electronics was the second-placed vendor in China, with 2.14 mln sales, followed by Tongfang, Dell Inc, and Hewlett-Packard, who sold 1.58 mln, 1.5 mln and 1.22 mln units respectively, Gartner said.

China's PC industry had a strong fourth quarter last year, recording a 40.7 pct year-on-year growth and 8.3 pct growth from the previous quarter, Gartner analyst Simon Ye said in a statement.

'From a consumer perspective, the October National Day Holiday and early winter promotions in December were the main growth drivers,' Ye said.

Notebook PCs outpaced desk-based PCs with a 46.6 pct year-on-year growth, Gartner said, without providing figures.

'Considering the low PC penetration rate and purchasing power, most Chinese may still consider desk-based PCs for their first time purchase,' Ye added.

Total PC shipments in Asia Pacific, excluding Japan, reached 41.7 mln units in 2005, up 26.2 pct from 33.1 mln units in 2004, Gartner said.

In the fourth quarter, 11.6 mln units were shipped, up 32.6 pct from a year earlier.

The research firm added that there was exceptional demand from the professional market.

The professional market experienced 34 pct growth in the fourth quarter compared with the home market which grew 31 pct.

China, India and Hong Kong were the key drivers to strong demand from the professional market, Gartner said.

will.davies@xinhuafinance.com

oneman28 · 02-26-2006, 10:37 AM

http://www.theage.com.au/news/busine...888748582.html

Quote:

CHINESE industrial giant Sinosteel has revealed a $3 billion war chest to kickstart new overseas mining ventures, including in Australia, as China tries to escape the dominance of iron ore heavyweights BHP Billiton, Rio Tinto and Brazil's CVRD.

The revelation comes as Chinese steel makers hold out against another likely big increase in iron ore prices this year, warning that miners were putting at risk their relationship with the world's biggest ore importer.

It also comes as Sinosteel-backed junior Midwest Corporation loads the first shipment from its new Koolanooka hematite mine, east of Geraldton in Western Australia, for delivery to the conglomerate next month.

Speaking on the sidelines of the AJM Iron and Steel conference in Perth, Sinosteel Australia managing director Xiaofei Cui said China was eager to identify and control new supplies of raw materials.

To that end, Sinosteel, which last year traded more than 20 million tonnes of iron ore, had already secured two bank facilities giving it $3 billion for new mining ventures, Mr Cui said. How much was invested in Australia would depend on the quality of opportunities brought to Sinosteel.

oneman28 · 02-26-2006, 10:40 AM

http://www.chinadaily.com.cn/english...ent_524026.htm

(xinhua)
Updated: 2006-02-26 09:15

Quote:

China's trade in farm products grew steadily in 2005 to reach 55.8 billion U.S. dollars, reducing the trade deficit by 70 percent in a year, the Chinese Minister of Agriculture has said.

Briefing the Standing Committee of the 10th National People's Congress (NPC), China's top legislature, on Saturday, Minister Du Qinglin said exports of farm products topped 27.18 billion U.S. dollars in 2005, up 17.7 percent on the previous year.

Imports rose 2.4 percent to reach 28.65 billion U.S. dollars, Du said, adding that the trade deficit was under control, dropping from 4.88 billion U.S. dollars in 2004 to 1.47 billion in 2005.

Despite a heavy blow to domestic poultry raisers following the bird flu outbreak, the export of poultry and related products rose 26.6 percent to reach 1.35 billion U.S. dollars last year, he added.

Though trade of farm products developed well in 2005, most of China's farm products were not so competitive in the international market, with the technical trade barriers increasing, Du said.

oneman28 · 02-27-2006, 00:00 AM

http://news.xinhuanet.com/english/20...nt_4233269.htm

Quote:

www.chinaview.cn 2006-02-27 10:54:49

BEIJING, Feb. 27 (Xinhuanet) -- China posts two-digit growth in total forestry output value every year from 2001 to 2005, reachingmore than 700 billion yuan (about 87.0 billion US dollars) in 2005,the State Forestry Administration (SFA) announced here Monday. Enditem

China plants over 12 bln trees in 2001-2005 period

China planted more than 12 billion trees in the 2001-2005 period, the State Forestry Administration (SFA) announced here Monday.

A total of 2.75 billion volunteers participated in tree planting in the five-year period, according to SFA. Enditem

China reports downsizing in desert encroachment

China's desert area has shrunk byan average 1,283 square kilometers annually in recent years, the State Forestry Administration (SFA) announced here Monday.

This marked a reverse for the first time in the period since 1949 when China has reported continuous expansion in desert areas.China witnessed its desert area expanding by an average of 3,436 square kilometers annually till the end of last century, accordingto SFA. Enditem

China's forest coverage rate reaches 18.21 percent

　 China planted 32 million hectaresof trees in the 2001-2005 period, with the forest coverage rate rising to the current 18.21 percent from 16.55 percent, the State Forestry Administration announced here Monday. Enditem

oneman28 · 02-27-2006, 03:02 AM

http://www.autonews.com/apps/pbcs.dl.../1003&refsect=

Quote:

DETROIT -- General Motors has shifted its worldwide electronics purchasing unit from Warren, Mich., to Shanghai to place it at the hub of China's electronics industry.

According to sources familiar with GM's plans, the move is intended to keep GM abreast of trends in automotive electronics and buy more electronic components in China.

"Just about all electronic subcomponents now originate in China or Korea or Singapore," says a source close to GM who asked to not be named. "You are more aware and you buy better when you are where the action is."

GM's other six commodity buying groups will remain in the Detroit area.

The move to China illustrates the strategic importance of electronics. Every year, GM buys $85 billion worth of components worldwide. Electronics made up about 10 percent of a vehicle's value in the early 1990s and will rise to 40 percent by 2010, according to trade publication Electronic Business.

China is widely viewed as the world's new hub for consumer electronics. It also is GM's largest growth market. Much of the electronics that GM buys in China are destined for its Asian assembly lines, not U.S. shores, a senior GM official said Friday, Feb. 24.

It indicates how important GM's Asian assembly plants have become. In 2005, GM produced 1.6 million vehicles in Asia, up nearly 22 percent from the year before. If current trends continue, GM's Asian assembly plants soon will outproduce its European plants, which produced 1.9 million cars and trucks last year.

By 2009, GM expects to buy $6 billion worth of China-made parts annually for its operations in China, more than double its purchases in 2003.

A Shanghai headquarters also will help GM to export more components to plants in Europe and North America. By 2009, the company expects to buy $4 billion worth of Chinese parts annually for GM assembly plants outside China, up from $200 million in 2003.

To ensure the success of its electronics venture, GM has dispatched a top purchasing executive to China. Effective Wednesday, March 1, GM Vice President Jim Bovenzi will run GM's overall purchasing operations in Asia. He will operate out of Shanghai.

Suppliers also are watching Akhil Puri, the 31-year-old executive director who moved the automaker's electronics commodity group from Warren to China. Puri is considered to be a rising star at GM. In his position, Puri will have enormous influence over the electronic guts of GM vehicles.

Five managers from Puri's Warren team have joined him at his new headquarters in the gleaming 88-story Jin Mao Tower near Shanghai's bustling harbor, says the GM source. Puri has hired more than 100 employees in the group.

Puri's job is to engage suppliers, set strategy and work with engineering. GM has about 400 Chinese suppliers, including joint ventures and government-owned companies. It also is developing 50 independent suppliers in China.

"The pressure to source from the low-cost countries has become relentless," says the former CEO of a key GM supplier. "This will give them more impetus."

Bo Andersson, GM's global purchasing chief, has encouraged his staffers to make frequent face-to-face contact with suppliers. Andersson himself spends much of his time in supplier factories looking for ways to cut waste.

Moving the electronics purchasing functions to China gives GM purchasers more daily contact with electronics suppliers.

GM executives "want to spend more time in supplier factories and less time in the office," says the senior GM executive. This helps the company "better understand what we are buying."

Asked about the risks of the initiative, the senior executive admitted that a more intense focus on China could make it too easy for an executive to assume that the China price is always the best solution.

"The end goal is not buying from China," the executive said. "The goal is to (obtain) the best value and the best technology."

You may e-mail Robert Sherefkin at rsherefkin@crain.com

oneman28 · 02-27-2006, 08:10 AM

http://en.chinabroadcast.cn/1641/200...7/65@55559.htm

Quote:

2006-02-27 11:01:34 CRIENGLISH.com

China's desert area has shrunk by an average 1,283 square kilometers annually in recent years, the State Forestry Administration (SFA) announced Monday.

This marked a reverse for the first time in the period since 1949 when China has reported continuous expansion in desert areas.

China witnessed its desert area expanding by an average of 3,436 square kilometers annually till the end of last century, according to SFA.

Forest coverage to reach 30% in most of cities: SFA

http://news.xinhuanet.com/english/20...nt_4233269.htm

Quote:

BEIJING, Feb. 27 (Xinhuanet) -- China will strive to increase its forest coverage in 70 percent of the cities nationwide to 30 percent, with per capita public land under vegetation reaching eight square meters, Jia Zhibang, director of the State Forestry Administration (SFA) announced here Monday.

Forest coverage to reach 20 pct in 2010

China will strive to increase its forest coverage to 20 percent and to bring half of its natural wetlands and 90 percent of the country's key wildlife species under protection in 2010.

Jia told a press conference that the total forestry output value would reach 1,200 billion yuan (149.1 billion US dollars) in 2010.
Forestry output value grows by 2 digits annually

China posts two-digit growth in total forestry output value every year from 2001 to 2005, reaching more than 700 billion yuan (about 87.0 billion US dollars) in 2005.

12 bln trees planted in 2001-2005 period

Jia Zhibang said 12 billion trees were plated across the country in the 2001-2005 period, and a total of 2.75 billion volunteers participated in tree planting.

Desert encroachment reduced, forest coverage increase

The desert area has shrunk by an average 1,283 square kilometers annually in recent years. This marked a reverse for the first time in the period since 1949 when China has reported continuous expansion in desert areas.

Thanks to the 32 million hectares of trees planted in the 2001-2005 period, the forest coverage rate in the country has risen to the current 18.21 percent from 16.55 percent, the State Forestry Administration said. Enditem

oneman28 · 02-27-2006, 11:08 AM

http://news.xinhuanet.com/english/20...nt_4235450.htm

Quote:

www.chinaview.cn 2006-02-27 20:19:50

BEIJING, Feb 27 (Xinhuanet) -- The world's largest personal credit information databank has been put into operation in China, with the number of persons covered reaching 486 million by late January,the People's Bank of China has said.

Su Ning, vice-governor of the central bank, said at a national conference over the weekend that almost every Chinese citizen who is economically active is now covered by the databank.

The databank provides information concerning one's basic facts, bank accounts, borrowing records and his/her accounts at the national housing saving pool, he told the conference on the administration of credit information collection in Guilin, south China's Guangxi Zhuang Autonomous Region.

The vice-governor said another credit information databank targeting enterprises has also launched operation on a trial basis and would start full operation at the middle of the year.

He called for the better utilization of the databanks by enterprises and personal credit information for safeguarding financial security and providing a benchmark for monetary and macroeconomic policy makers. Enditem

oneman28 · 02-28-2006, 06:33 AM

http://www.sun-sentinel.com/business...ness-headlines

Quote:

HONG KONG -- China will spend 140 billion Chinese yuan ($17.4 billion) over the next five years to expand its airport infrastructure to meet a forecast 14 percent annual growth in domestic air traffic, a civil aviation official said Tuesday.

That is sharply higher than the 120 billion yuan ($14.9 billion) the government spent on airport infrastructure in the fifteen years from 1990 to 2005.

"By 2010, the mainland will have about 186 airports, up from 142 currently," said Gao Hongfeng, vice-minister of the Civil Aviation Administration of China, or CAAC. Several existing airports will also be expanded to ease the pressure on capacity from rising traffic, he said at an aviation conference in Hong Kong.

Gao also said China's fleet of commercial aircraft will grow to 1,580 by 2010, up from 863 currently, before reaching a total of about 4,000 aircraft by 2020.

The government will continue to expand the country's three largest airports -- Beijing, Shanghai and Guangzhou -- to help them maintain their role as China's main international air transport hubs for passengers and cargo, he said.

Other airports slated for expansion include those in Shenzhen, Chengdu, Haikou, Hangzhou and Xian, he said.

China's aggressive aviation development plans come as air traffic continues to grow at double-digit rates. In 2005, Chinese airlines carried 138 million passengers, up 15.5 percent from the previous year, and 3.4 million tons of cargo, up 13.8 percent.

The CAAC said it expects passenger and cargo traffic to grow at an average of 14 percent a year until 2010, with growth then slowing to 11 percent annually in the period 2011-2020.

Gao said China is considering to establish a more open and free air transport network with ASEAN countries, which include Cambodia, Indonesia, Laos, Malaysia, Myanmar, Thailand, the Philippines, Singapore, Brunei and Vietnam.

oneman28 · 02-28-2006, 06:48 AM

http://english.people.com.cn/200602/...28_246717.html

Quote:

China is drafting an action plan for measles control for the next few years which aims to eliminate measles by 2012, according to a health official Tuesday in Xiamen.

The rate of measles incidence in China has decreased by 95 percent since the 1990s due to the planned immunization that started in 1978, with the lowest figure in history reported in 1995, about five per 100,000, said Qi Xiaoqiu, director of the Department of Disease Control under the Ministry of Health.

However, since 1995, the incidence of measles has been rising again. In 2005, the highest incidence rate was reported in the past 10 years. Some provinces are still seeing high prevalence this year, Qi said at a national conference on the immunization plan of 2006.

Last year, China reported nearly 130,000 measles cases nationwide, with the incidence rate at 10 per 100,000. Most provinces and regions saw measles outbreaks, including underdeveloped western regions and eastern parts with large rural-migrant floating populations, according to epidemic reports by the ministry.

Today, measles is still a major infectious disease menacing Chinese children's health and life, said Qi, noting that the elimination of measles is another great challenge in public health after poliomyelitis.

To achieve the goal, local governments should maintain a high immunization rate by making sure the percentage of the two-dose vaccination reaches at least 95. The surveillance system should be improved as well, he said.

Measles will hopefully be the third infectious disease to be eliminated in the world after smallpox and poliomyelitis, which expected to be vanished soon. The Americas region of the World Health Organization (WHO) eliminated measles in 2000, while the European region, the eastern Mediterranean region and the western Pacific region have pledged to achieve the goal by 2007, 2010 and 2012, respectively.

Source: Xinhua

China to survey hepatitis B epidemic situation
http://english.people.com.cn/200602/...28_246713.html

Quote:

China's Ministry of Health is going to launch a nationwide survey on the current epidemic situation of hepatitis B in a bid to give scientific support to the country's prevention of the disease.

The control of hepatitis B has been listed on the 11th national five-year program (2006-2010) and is one of the priorities of the ministry on its infectious disease control agenda, said Qi Xiaoqiu, director of the Department of Disease Control under the ministry.

The survey will focus on the current epidemic situation, changing trends, transmission elements, financial burdens and immunization evaluation of hepatitis B, noted Qi at a national conference on the immunization plan of 2006 held on Tuesday.

"The control of hepatitis B is a crucial task of the ministry this year. We are organizing experts to assess the survey and will work out a detailed plan soon," said Qi.

Hepatitis B is one of the major infectious disease in China, which carried out nationwide surveys about the epidemic situation of hepatitis on 1979 and 1992. According to experts, the country currently has 20 million people infected with chronic hepatitis B.

On Jan. 28, the ministry issued a national prevention and control plan on hepatitis B for the next five years, which set a goal of significant decrease in the incidence of hepatitis B and deaths caused by hepatocirrhosis and liver cancer by 2010.

Source: Xinhua

oneman28 · 02-28-2006, 06:55 AM

http://www.polymerupdate.com/polymer...1726&types=brk

Quote:

Date - Feb 28, 2006 14:50
PetroChina Company Limited has announced today that it has broken ground on an ethylene plant in Sichuan Province. The petrochemical facility will have an annual capacity of 800 kt/annum of ethylene, the first ever complex of such scale in China~s southwestern region.

PetroChina owns 51 percent of the project, which has a total investment of approximately RMB 21 billion. Chengdu Petrochemical Co. Ltd. owns the remaining 49 percent stake

....

oneman28 · 02-28-2006, 06:59 AM

http://english.people.com.cn/200602/...28_246711.html

Quote:

China's first Euro IV diesel engine with independent property rights YC6L-40 was born at China's largest internal combustion engine production base - Guangxi Yuchai Machinery on Feb.26. The "green power" engine will be installed on buses in Beijing in serving the Beijing "green Olympics".

The Yuchai YC6L-40 engine has not only reached the Euro IV standard, it is also of quite good power performance and economical efficiency. With high power, low emission, low noise and high reliability it is fit for use in luxury passenger cars and city buses.

By People's Daily Online

oneman28 · 02-28-2006, 07:10 AM

http://english.people.com.cn/200602/...28_246677.html

Quote:

China had a 1.30756 billion population by the end of 2005, 7.68 million more than that in the previous year, according to a report released by the National Bureau of Statistics (NBS) on Tuesday.

China has made persistent efforts to slow its population growth over the past 30 years and succeeded in reducing the birthrate.

The birthrate dropped from 21.06 per thousand in 1990 to 12.40 in 2005, while the growth rate went down from 14.39 per thousand to 5.89, according to figures from the NBS.

Although the population growth rate has been reduced, the actual increase is still huge. The country is expecting a peak in the number of elderly and migrant population amid growing imbalance in gender proportions among newborn babies.

China's urban population totaled 562.12 million by the end of 2005, accounting for 43 percent of the total, and rural population reached 745.44 million, accounting for 57 percent.

NBS figures show 673.75 million Chinese are male, making up 51.5 percent, and 633.81 million are female, making up 48.5 percent.

Some 100.55 million Chinese people are over 65 years old, accounting for 7.7 percent of the total.

Source: Xinhua

oneman28 · 02-28-2006, 07:12 AM

http://english.people.com.cn/200602/...28_246674.html

Quote:

China's grain output reached 484.01 million tons in 2005, up 3.1 percent on the previous year, according to a report released Tuesday by the National Bureau of Statistics (NBS).

The report on the country's national economy and social development in 2005 also said China's cotton output decreased by 9.8 percent to 5.7 million tons, and oil-bearing crops output rose 0.4 percent to hit 30.78 million tons.

Meanwhile sugar production fell 0.2 percent to 95.51 million tons in 2005. The production of vegetables and fruit maintained a stable growth.

According to the report, China's grain cultivating area hit 104.27 million hectares in 2005, 2.67 million hectares more than 2004.

The area devoted to cotton-growing, however, dropped 630,000 hectares to 5.06 million hectares last year.

Source: Xinhua

02-25-2006, 06:16 AM	#106 (permalink)
Neo Silent lurker *Senior Contributor* Join Date: 04-06-05 Location: Amsterdam Posts: 7,920 Country:	‘China forex reserves to top $950b this year’ BEIJING: China’s foreign exchange reserves, which are set to surpass those of Japan to become the world’s biggest, are likely to reach more than $950 billion by the end of 2006, a government economist said in a forecast seen on Friday. “The foreign exchange reserves are likely to rise by about $150 billion from the end-2005 level,” Zhu Baoliang, senior economist at the State Information Centre, a top government think-tank, wrote in an article in the Securities Market Weekly. China’s trade surplus more than tripled in 2005 to $102 billion, which, along with inflows of foreign investment and speculative funds, pushed up the country’s foreign exchange reserves to a record $818.9 billion at the end of last year. UBS economist Jonathan Anderson has forecast China’s foreign currency reserves will top $1 trillion some time in late 2006, exceeding by a good margin those of Japan, which grew a meagre 0.28 percent in 2005 to $846.9 billion. “In 2006, the yuan faces pressure to appreciate while there are also some factors that could help ease such pressure, but the trend of the yuan’s appreciation will not change,” Zhu wrote. Chinese officials have repeatedly said the country is committed to pursuing a basic balance in its balance of payments and have promised to take steps to spur domestic consumption. The US has put persistent pressure on China to let the yuan rise. reuters __________________ Administrator @ Defence.pk

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