- Inflation is expected to fall "below 4 per cent in November and
December," state media quotes Yao Jingyuan, Chief Economist at the
National Bureau of Statistics. A report by the Bank of Communications
forecasts an inflation rate of 2.8 per cent for November.
- China's exports are expected to grow around 15 per cent in 2009 "despite the impact of the financial crisis and global
economic downturn", state media quotes a trade expert with the Ministry of Commerce.
- The number of newly registered mobile phone subscribers has fallen to
3.22 million in October, the Ministry of Industry and
Information Technology said in a statement. In previous months, the
average increase hit 8.5 million subscribers. As of October, there were
627.26 million registered handset users in China.
- An estimated RMB3 bn reserved for environmental and housing projects have been "misappropriated or misued" in China's southern city of Shenzhen during the last four years, the South China Metropolics Daily reports.
- Consulting firm AT Kearney said China's economy will grow 6 per cent
on a yearly basis in 2009. The World Bank said last week that it forecasts a
7.5 per cent growth for China's economy.
- Sales of China's telecoms sector reached RMB679.79 bn in the first 10 months of 2008. This is an increase of 8.1 per cent year-on-year. Investments surged 9.9 per cent to hit RMB185.05 bn, the Ministry of Industry and
Information Technology.
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