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China's economy surged 11.1% in the first
quarter, causing the country's Cabinet to declare Thursday it will take
steps to keep the economy from overheating, reports AP. It was the highest
growth rate since Q2 2006's 11.5% growth, the fastest in a decade.
Continue reading... "Overheating Worries: China Economy Sizzles with 11.1% Growth in Q1 07" »
China's
trade surplus in March fell to $6.9 billion, well below forecasts and down
sharply from February's $23.7 billion surplus, reports
AP. It was not clear whether the drop in March was the result of
government efforts or would have a lasting impact.
Continue reading... "China Trade Surplus Falls Sharply to $6.9 billion in March " »
China
is on course to become the world's second-largest consumer market by 2015,
according to Credit Suisse, reports Reuters. Credit Suisse projects that
the value of Chinese consumption will hit $8.8 trillion by 2020, fueled
partly by a 5% yearly appreciation in the yuan between now and then.
China
Mobile, the world's largest wireless phone carrier by users, with more
customers than the total U.S. population, added a record 4.86 million
subscribers in January, taking its total to 306.1 million users. China
Mobile stock surged 83% last year.
China's
export of electronic information products, including computers and
communications products, is expected to grow 14% to $390 billion in 2007,
according to China's Ministry of Information Industry, reports
Xinhua.
Continue reading... "Chinese Electronic Information Products Exports to Jump 14% to $390B in 2007" »
China
is set to over take U.S. as the No.2 exporter worldwide this year and with
an estimated $1.4 trillion dollars in exports in 2008, China will surpass
Germany in 2008 to become the No.1 exporter in the world, according to
Germany's federal foreign trade body BFAI.
Continue reading... "China to Become No.1 Exporter Worldwide in 2008, Surpassing Germany and US" »
China economy grew by 10.7% in 2006, at its fastest
rate in a decade, moving China closer to overtaking
Germany as the world's third-largest economy, according to figures
issued by the government. It was the fastest growth since 1995, when the
economy expanded by 10.9%.
China's internet population jumped 23.4%
or 14 million new users last
year to 137 million people, or about 10% of its 1.3 billion population,
according to China Internet Network Information Center (CNNIC). China is on pace to surpass the
U.S. within
two years as the nation with the most Internet users.
Continue reading... "Paid VoIP Users in China Will Exceed 70 Million by 2011: Report" »
Continue reading... "Foreign Direct Investments in China at Record $63 billion in 2006" »
