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Economics & Trade

Population peak revised down

China's population will peak at 1.387 to 1.45 billion between 2025 and 2030, state media reported, citing Chinese Academy of Social Sciences (CASS) research. The prediction scales back earlier estimates of a 1.6 billion peak in 2050. China's population is characterized by low birth, mortality and natural growth rates.

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Economics & Trade

City workers expect wage hike: survey

Nearly half of Chinese employees between the ages of 18 and 60 in eight major cities expect to be promoted and paid more or change jobs in the new year, state media reported. Beijing-based polling agency Horizon Group released the findings after surveying more than 4,000 households nationwide. Other findings showed 67.4% of urbanites anticipate […]

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Economics & Trade

Illicit deals taint $35.8b in '05

Chinese auditors have discovered irregularities with US$35.8 billion of government funds in the first 11 months of 2005, state media reported. The National Audit Office (NAO), which monitors the use of government money, said 22,000 officials had been audited with 196 found to have violated regulations. Meanwhile, the China Banking Regulatory Commission said it punished […]

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Economics & Trade

Outbound investment up 300%

China's outbound investment totalled US$5.65 billion in the first 11 months of 2005, three times higher than the same period last year, state media reported. However, the figure was only slightly higher than the total for 2004, which was boosted by PC maker Lenovo's US$1.75 billion acquisition of IBM last December. Information and telecoms, mining […]

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Economics & Trade

US wants talks on steel, IP piracy

Washington wants talks to avert a trade war over China's cheap steel exports, the Wall Street Journal reported. Undersecretary for International Trade Franklin Lavin met with top Chinese trade and economic-policy officials this week to push China to drop trade barriers to ease a record trade deficit. The US also asked for tougher intellectual property […]