Province Introduction of China: GuangdongPublished: 01 Apr 2009 18:13:00 PST<p class="authorInfor"]</p]Key Information
Introduction
Guangdong is located at the south end of Mainland China, with a coastline of about 3,368km and a land area that ranks 15th in the country. The Pearl River, which is the 3rd largest river in China, flows through Guangdong and forms a delta region. It is economically comparable to the Yangtze River Delta in eastern China, where the regions economic hub is Shanghai.
Guangdong has played a pioneering role in Chinas economic reforms ever since the countrys implementation of opening policies in the late 1970s. Three of Chinas Special Economic Zones, namely, Shenzhen, Zhuhai and Shantou, are located in Guangdongs coastal areas.
Economic Overview
Guangdong is the biggest economy in China. In 2006, the provinces GDP rose 14.1% to RMB 2.6 trillion (US$331.2 billion), maintaining its strong growth momentum. As noted, most of the GDP comes from industry and service, with just 6.1% coming from the agriculture sector.
In recent years, Guangdongs leading economic position has been challenged by Shandong and Jiangsu, which are the second and third largest economies in China respectively. In 2006, the GDP of Shandong amounted to RMB 2207.7 billion (US$281.2 billion) while that of Jiangsu totaled RMB 2154.8 billion (US$274.5 billion), further narrowing the gap with Guangdong. Moreover, some other economic indicators have even surpassed Guangdongs.
For example, since 2003, Jiangsu has replaced Guangdong as the largest FDI destination. The value-added industrial output of Shandong, a major benchmark of a provinces economic strength, reached RMB 1,149 billion in 2006, cutting very close to Guangdongs output of RMB 1,178 billion.
Guangdong is the largest consumer market in China in 2006, with retail sales of consumer goods at RMB 911.8 billion, an increase of 15.7% from the previous year. It accounts for 11.9% of Chinas total retail sales of consumer goods. As the region that opened earliest, Guangdong has an advanced retail market. In recent years, the retail distribution channel has further expanded and in addition to traditional department stores, other types of stores such as chain stores, supermarkets, and warehouses have seen a fast growth.
As evidenced, more than a third of the expenditure is on food and a fifth of the total expenditure is on transportation and communications. Surprisingly, given the advanced retail market, the proportion of expenditure spent on clothing is a mere 5.8%.
Guangdong saw only a modest growth in fixed asset investment in 2006. Total investments rose 16.7% to RMB 813.2 billion, ranking Guangdong third in China after Shandong and Jiangsu. Out of these investments, RMB 184.4 billion was invested in real estate development. This accounted for 23% of the total fixed asset investment.
Industry
Despite the threat of Shandong and Jiangsu surpassing Guangdong as the leading economy in China, the industrial output in Guangdong is on the rise. The total value-added industrial output reached RMB 1,178 billion in 2006, an increase of 17.6% from the previous year. Of the total value-added industrial output, that of above designated-sized enterprises amounted to RMB 1071.9 billion.
COMAC chooses 9 suppliers for China's jumbo jet projectPublished: 01 Jun 2009 01:45:55 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comGeely withdraws acquisition offer to buy GM's Saab unitCCB's London branch to become operational in early JuneHang Seng Index opens 329 points higher on MonMCC to invest US$3.1 bln in Waratah CoalChina to continue to float regional gov't and corporate bondsJun. 1, 2009 (China Knowledge) - Commercial Aircraft Corporation of China Ltd (COMAC), the maker of the country's first home-grown jumbo jet, signed memorandums of understanding with nine suppliers last week to produce undercarriages, doors and wings, according to the company's statement on its website, the Shanghai Daily reported.
Zhejiang-based Xizi United Holding Corp is reportedly to be the only private company among the nine suppliers, but the names of the suppliers were not disclosed, said the paper.
The company will select other types of suppliers this year, said Zhang Qingwei, chairman of COMAC.
China plans invest a total of RMB 200 billion in its home-grown jumbo jet project, beginning with an initial investment of RMB 60-billion to be used during the next three to five years.
The country's first home-grown jumbo-jet, namely the C919, is set to take its maiden flight in 2014 and be put into operation in 2016. It will be equipped with 150 seats and will consume less jet fuel than the Boeing 737 and the Airbus A340.
State-owned Aviation Industry Corp of China (AVIC), the parent of the jumbo jet maker and the country's largest aircraft maker, last week also said it is seeking a group listing abroad for its new unit, China Aviation Technology International Holding Co.
JPMorgan adjusts shareholdings in 4 Chinese firmsPublished: 15 Jun 2009 23:39:45 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comMercedes-Benz's sales in China jump 86% in MayCBA raises stake in China BlueChemicalYunnan sees farm produce exports rise 12.1% in Jan-MayJaguar Land Rover launches new auto-parts center in SuzhouChina Mobile to build 85,000 TD base stations in 2009Jun. 16, 2009 (China Knowledge) - U.S.-based financial holding company JPMorgan Chase & Co on Jun. 11 bought 7.04 million H-shares of Yanzhou Coal Mining Co<600188><1171><YZC> for HK$79.01 at an average price of HK$11.23. The deal raised its stake in the Chinese company to 5.34% from the previous 4.98%, according to the bourse operator Hong Kong Exchanges and Clearing (HKEx)<0388>.
JPMorgan on Jun. 10 and Jun. 11 purchased around 7.38 million H-shares of China Coal Energy Company Ltd<601898><1898> for HK$73.57 million or HK$9.97 apiece, increasing its stake in China Coal Energy to 8.1% from 7.92%.
In the same period, the U.S. company bought 885,000 million H-shares of Jiangxi Copper Co Ltd<600360><0358> for HK$12.63 million at HK$14.27 apiece. The transaction increased its shareholding in the company to 6.05% from the 5.99% it held earlier.
However, JPMorgan in the same period sold 8.62 million shares of Angang Steel Co Ltd<0347> for HK$115 million or HK$13.35 per share, cutting its shareholding in Angang Steel to 11.24% from 12.04%.
CORRECTED - CORRECTED-China GDP Q1 to grow 6.5 pct y/y - think tankPublished: 08 Mar 2009 21:33:46 PST<p class="authorInfor"]</p]
(Corrects conversion in paragraph four to billion, notmillion)</p]
SHANGHAI, March 9 - China's economy in the firstquarter is forecast to expand 6.5 percent from a year earlier,and consumer prices will likely contract 1 percent, agovernment think tank said.</p]
Chinese exports may fall 9 percent in the first quarterfrom a year earlier to $278.4 billion, while imports are likelyto drop 25 percent to $198.4 billion, the State InformationCenter predicted in a report carried in the China SecuritiesJournal.</p]
As a result, China's trade surplus may jump 93.2 percent to$80 billion, it said.</p]
China has taken a series of measures, including a 4trillion yuan ($585 billion) stimulus plan, tax cuts, andlooser monetary policies, to prevent a sharp slowdown in itseconomy.</p]
(Reporting by Samuel Shen, Editing by Jacqueline Wong;Reuters Messaging: jacqueline.wong.reuters.com@reuters.net; +8621 6104 1791)) </p]分散机カード お金搅拌机 [url= http://www.mixer.org.cn/]乳化机[/url]有机玻璃クレジット 現金化摆线针轮减速机
