The Asian Development Bank in November forecast that China's economy would grow by 7 per cent in 2002. In April 2001 it had predicted that China would achieve a growth rate of 7.5 per cent in 2002. However, its forecast for 2001 remained unchanged at 7.3 per cent. The Bank expects China's robust domestic sector […]
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The International Finance Corporation (IFC), the private funding arm of the World Bank, invested a total of US$383m in China in the 12-month period ending June 2001, 46 per cent more than in the previous year, South China Morning Post said. Within the total, US$251m was in the form of loans and US$131m in equity. […]
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Fixed asset investment
Fixed asset investment was 17.4 per cent higher in the first 10 month of 2001 than in the same period of 2000, according to the National Bureau of Statistics. The bureau did not give figures for October alone, but it had previously reported a year-on-year rise in the first nine months of the 2001 of […]
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China retains investor confidence
Utilised foreign direct investment (FDI) during the first 10 months of 2001 totalled US$37.25bn, 19 per cent higher than in the same period of 2000, according to the Ministry of Foreign Trade and Economic Cooperation. Contracted FDI over the period totalled Yn55.2bn, 27 per cent higher. The number of new foreign enterprises approved over the […]
Accession to the World Trade Organisation will cause a restructuring of China's labour market, the labour minister, Zhang Zuoji, said in an interview with Reuters. He said there would be redundancies in traditional industries such as farming and farm products, the car industry, electronics, banking and insurance. Officially, China has 5.5m registered unemployed and about […]