Weekly China Statistics Update
Source: http://www.bizchina-update.com/content/view/1331/81/Posted on Saturday, September 13th, 2008 | In China
Contributed by: Biz China Update (http://www.bizchina-update.com) -
- Domestic retail sales increased 23.2 per cent in August, the National Bureau of Statistics (NBS) announced on its website. The August retail sales totaled RMB876.8 bn
- China’s industrial output in August grew 12.8 per cent, it is the slowest pace in 18 months because of weaker exports and the…
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As China continues to evolve into a global power, its economic structures are changing, new laws are being enacted and the government is seeking to re-channel the fruits of sustained growth from the eastern seaboard to the rest of this vast nation. Gateway cities, such as Beijing, Shanghai, Shenzhen and Guangzhou, now compete with cities across China for foreign and governmental investment.
Meanwhile, successful Chinese companies are raising billions of dollars from domestic and international IPOs, and the most ambitious are acquiring foreign companies from Santiago to Sydney and Stockholm to Saigon. The nation’s twin-barreled property and stock market frenzy has created 106 dollar billionaires, when in 2002 there were none.
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