China
China and Vietnam get funding support to phase out HCFCs
17/01/2013 In November 2012, the World Bank approved a grant of USD 73 million from the Multilateral Fund to China to support its efforts to phase out HCFC consumption and production. The Mont...
WB predicts 8.4% growth for China
2013-01-17 Developing countries, led by China and Brazil, will see greater progress in their economic recoveries, as high-income countries continue to struggle in the wake of the global financial crisis of several years ago, according to a World Bank report. According to the bank’s latest Global Economic Prospects report published on Wednesday, its growth prospect for the global economy in 2013 w...
2013 will be a year of recovery for China: HSBC
2013-01-16 China is going to see positive growth in economic development with higher efficiency in production and increased consumption, which is a great sign of recovery, according to HSBC’s prediction for the economy in 2013. "China will face a new era with economic growth while the US and European countries are still suffering with the severe financial crisis," Stephen King, HSBC Bank chief ec...
China's Appliance Stimulus Program Drives Sales of $116 Bill
Jan 16, 2013 China’s stimulus program to boost appliance sales in rural regions helped increase 2012 unit sales by 22.6%, to 79,913 million units, according to data released by China’s Ministry of Commerce. The stimulus program has been in-place since February 2009. Chinese sales of home appliances in rural areas (excluding sales in provinces of Shandong, Henan, Sichuan, and Qingdao City) in 2012...
Li pledges measures in fight for clean air
2013-01-16 China will strengthen the enforcement of environmental laws, and take other measures to tackle air pollution, Vice-Premier Li Keqiang pledged on Tuesday. "We published accurate PM2.5 data....
China targeted by 72 trade probes in 2012
2013/1/15 Chinese exports were targeted by a total of 72 trade investigations in 2012, according to China’s General Administration of Customs. Trade protectionism is prevalent globally and the external environment for Chinese trade is worsening, according to Zheng Yuesheng, spokesman of the Customs. Among the world’s major economies, Chinese exports were the most targeted by trade protectionism. ...
China's GDP to grow 8.6 percent in 2013: HSBC
2013/1/15China’s GDP will grow by 8.6 percent in 2013 owing to measures to stabilize economic growth despite weak global demand, Chongqing Morning Post quoted Qu Hongbin, HSBC’s chief economist in China, as saying on Wednesday. Qu said that the recently launched projects had rejuvenated infrastructure investment while investment in real estate is warming up, which will drive up Chinese economic g...
China's retail sales to accelerate in 2013
2013/1/14 BEIJING -- China’s retail sales are likely to expand faster this year than in 2012 on government efforts to boost domestic demand, according to a commerce chamber report released on Friday. It is estimated that retail sales will grow by around 15 percent in 2013, the China General Chamber of Commerce said its report. The rate will be higher than the soon-to-be-released retail sales gro...
China's 2012 rural home appliance sales jump 18.8 %
2013/1/14 BEIJING, Jan. 7 (Xinhua) -- Home appliance sales under China’s rural subsidy program rose 18.8 percent year on year to 214.52 billion yuan (34.05 billion U.S. dollars) in 2012, the Ministry of Commerce said Monday. The volume of appliances sold in the period increased 22.6 percent from one year earlier to 79.91 million units, according to a ministry statement. In December alone, ...
Enterprises boost profile of China at Doha conference
2013/1/14 Chinese enterprises demonstrated a green and low-carbon future to the world at the UN Climate Change Conference here. China has gained credit for its efforts to cope with climate change and push forward climate change negotiations during the conference, with Chinese corporations boosting the profile of China as a responsible developing country. A set of activities, including forums, su...
China's rural home appliance sales surge in November
2013/1/14 (Xinhua) -- China’s home appliance sales under the country’s rural subsidy program surged 12.8 percent year on year to 26 billion yuan (4.13 billion U.S. dollars) in November, the Ministry of Commerce (MOC) said Monday. In the first eleven months, subsidized home appliance sales in China’s countryside rose 18.1 percent from a year earlier to reach 201.25 billion yuan, according to a MOC...
Chinese joint venture Yanfeng Johnson Controls celebrates it
Strategic partnership to build a world-class automotive seating supplier PLYMOUTH, MICH. (Jan. 11, 2013) -- Shanghai Yanfeng Johnson Controls Seating Co., Ltd. (YFJC), a leader in the Chinese a...
