China's Forex Reserves Hit USD1.9 Trillion
As of 30 September, the foreign exchange reserves of China totalled USD1.9056 tr, the People's Bank of China announced on its website. The reserves grew USD377.3 bn, or 32.92 per cent, year-on-year. The trade surplus, which drives the Forex growth, reached USD180.9 bn in the first nine months of 2008, the General Administration of Customs said.
HP Builds Plant in Chongqing
Hewlett-Packard signed a memorandum of understanding in Chongqing to
build a new computer manufacturing plant, state media reports. The new
site will cover 20,000 square metres and is slated to start production
in 2010. It is estimated that between five and 10 million PCs and
laptops will be manufactured at the new plant. HP already runs a
production site in Shanghai.
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