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Beijing home to most wealthy people in China 08/02/2012
by Chinadaily.com.cnTopic: Economics
One out of every 1,300 people in China has a million yuan or more, according to the Hurun Wealth Report 2012, which was released on Tuesday.

And the number of Chinese people who have 10 million yuan ($1.6 million) or more reached a record of 1.02 million, an increase of 6.3 percent from 2011.

China is home to 63,500 super-rich people, defi ...Read More
Shenzhen tests waste classification 08/02/2012
by Chinadaily.com.cnTopic: Economics
Shenzhen will introduce waste classification in communities, officials from the Shenzhen urban management bureau said at a news conference on July 2.
According to the bureau's deputy chief Ye Guo, the city will set up 500 pilot communities this year in which waste classification will be introduced.
The communities are encouraged to purchase small waste treatment facili ...Read More
Economic easing urged as manufacturing hits low 08/02/2012
by Chinadaily.com.cnTopic: Economics
As China's manufacturing data hit an eight-month low in July due to worsening external demand, more aggressive easing policies should be rolled out to strengthen investment, analysts say.
Data released by the China Federation of Logistics and Purchasing and the National Bureau of Statistics on Wednesday showed that the purchasing managers index (PMI) fell to 50.1 percent in July ...Read More
Chinese investment fuels African development 08/02/2012
by Chinadaily.com.cnTopic: Economics
The rapid increase of China's investments in Africa is not only a fruit of the long-standing friendship between China and Africa but also the result of objective economic laws. To ignore the mutually beneficial cooperation that now occurs between China and Africa and to simply make irresponsible remarks will only lead people to wonder if Washington truly cares about Africa's developme ...Read More
Housing data scuttles real estate stocks 07/19/2012
by People.com.cnTopic: Statistics
The Shanghai and Shenzhen stock markets ended at odds Wednesday, although contractions in the real estate sector weighed heavily on both bourses.

The Shanghai Composite Index edged up 7.91 points, or 0.37 percent, to close at 2,169.10; while the Shenzhen Component Index retreated 0.48 percent, or 45.86 points, to finish at 9,514.17. 

Bad loans in Spanish banking system reach 8.95% 07/19/2012
by Chinadaily.com.cnTopic: Statistics
Non-performing loans within the Spanish banking sector reached 155.84 billion euros ($192 billion) in May, or 8.95 percent of total loans, the Bank of Spain said Wednesday.

The rate of non-performing loans is close to the historical high of 9.15 percent recorded in 1994, when the Spanish economy was suffering a deep recession.

Latest stati ...Read More
Slowdown sparks adjustments in hiring practices 07/19/2012
by Chinadaily.com.cnTopic: Statistics
As the government highlights social stability while trying to stabilize economic growth, employment has become a key issue.

"Greater pressure for employment looms after industrial profits dropped 2.4 percent year-on-year during the January-to-May period. State-owned companies were hit hard, with first-half profits down 11.6 percent," said a research note f ...Read More
News Analysis: China faces a bumpy road to achieve stable growth 07/19/2012
by Chinaview.cnTopic: Statistics
For safety reasons, drivers slow down when travelling on bumpy roads. Chinese policymakers appear to be using the same reasoning in directing the world's second-largest economy through global and domestic difficulties.

China's GDP expanded 7.6 percent in the second quarter from a year ago, down sharply from 9.5 percent a year earlier and half a point below t ...Read More
Shanghai tightens restrictions on home purchase 06/25/2012
by People.com.cnTopic: Statistics
Authorities in east China's Shanghai city have shut another door for house buyers seeking loopholes in local restrictions on home purchase in a move to tighten controls on the property sector, a Chinese newspaper reported Friday.

People without registered permanent residence permits in Shanghai have been forbidden to buy houses in the city even if they pay socia ...Read More
Funds see strong gains in year to date 06/25/2012
by People.com.cnTopic: Statistics
According to statistics from China Galaxy Securities, 312 standard stock funds saw an average net increase in value of 5.48 percent from the start of this year until last week.

Meanwhile, 145 standard stock index funds saw an average net increase of 7.31 percent during the period, while 24 enhanced stock index funds gained an average of 6.74 percent over the same pe ...Read More
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