- China's business climate index, measuring corporate
performance, fell 16.1 points to 128.6 points year on year in the third quarter, the National
Bureau of Statistics said. The index, based on a survey of 19,500 Chinese firms, fell 8.8 points in the second quarter.
- The government reserved RMB300m in subsidies for dairy farmers following the melamine-contaminated milk scandal that killed four infants and sickened another 53,000. The Ministry of Finance did not specifically say that the money is spent as a result of the crisis but mentioned on its website that the subsidies will be paid to farmers in areas where contaminated milk has been confiscated.
- There were 168.03 million motor vehicles on China's streets in September, up 8.26
million, from last year's figure,
the Ministry of Public Security announced. The figure includes automobiles, motorcycles, tractors, trailers and other motor vehicles, state media reports. Private motor vehicles rose by 6.11 million and made up 75.99
percent of the country's total motor vehicles, statistics showed.
- Beijing is expected to invest at least RMB7 bn in quake-hit Sichuan province in the coming two years,
state media quotes Mayor Guo Jinlong. The money will be used for construction, intellectual support and
industry cooperation.
- Prices for gasoline and diesel increased in Beijing by eight per cent
this week, the Beijing Municipal Commission of Development and Reform
said in a statement. Benchmark prices
for gasoline and diesel oil surged RMB200 and RMB290 per tonne
respectively. After the adjustment, gasoline 93 sells for RMB6.37
per litre, up RMB0.17.
Gasoline 97 sells for RMB6.78 per litre after increasing RMB0.18.
- More than 178 million Chinese traveled in China during the
National Day holiday week, state media reports. Compared with the same
period last year, the number increased by 22.1 per cent, the China
National Tourism Administration and the National Bureau of Statistics
said. Tourism revenue during the week amounted to RMB79.6 bn, up 24.2
percent year-on-year.
- Standard Chartered Bank (China) said it estimates that the number of
"high net worth individuals", people with assets of more than USD1m,
will increase to 610,000 in 2011.
Last update : Friday, 10 October 2008
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