China Economic ReviewDespite the recent Sars outbreak, utilised foreign investment in the first five months of 2003 rose 47 per cent year-on-year to US$24bn. However with a growth rate of 51 per cent recorded between January and April, momentum tailed off slightly in May. Experts at the China Academy of International Trade and Economic Co-operation forecast that […]
The director of rural development research at the Chinese Academy of Social Sciences warned that rural incomes would not grow by the government's target rate of per cent this year as a result of the impact of Sars, -South China Morning Post said. Many rural migrants have lost their city jobs in the service Sector, […]
China's industrial production in May grew by 13.7 per cent from a year earlier, the slowest growth rate in nine months. The downturn reflected the impact of Sars, which caused some factories to shut temporarily, and hit sales as consumers stayed at home to avoid possible infection. Retail sales in May were 4.3 per cent […]
Korean firms with investments in China have suffered an estimated US$2.Sbn in losses due to the impact of Sars, The Korea Herald said. The figure was calculated from a survey of 125 Korean firms doing business in the country and undertaken by the Korea Trade-Investment Promotion Agency. Losses resulting from troubled factory operations accounted for […]
Beijing's gross domestic product grew by an average of I0.4 per cent year-on-year in the first live months of 2003 but by only 4.8 per cent in May, China Daily said. The capital's tertiary sector was badly hit by the Sars out-break, increasing by only 0.1 per cent in May. However the manufacturing sector maintained […]