- State media reports that the National Development and Reform Commission (NDRC) has allocated RMB150m for emergency repair and reconstruction work of infrastructure that was damaged in the earthquake-hit areas in provinces of Gansu, Shaanxi, Yunnan and Chongqing Municipal City.
- The U.S. government says that visitor arrivals to the United States from South Korea, China and India grew by 9 per cent, 28 per cent and 13 per cent, respectively, in February - and 5 per cent, 31 per cent and 14 per cent so far in 2008.
- The municipal government of Guangzhou plans to put 700 more taxis on the roads this year to meet the increasing demand. 60,000 passengers a day.
- The Ministry of Finance announced that it would issue RMB28 bn (USD4 bn) worth of three-month book-entry treasury bonds next week.
- China dropped two places to 17th in the latest World Competitiveness Yearbook compiled by Swiss business school IMD.
- Centrally administered State-owned enterprises (SOEs) sustained losses
of more than RMB30 bn (USD4.3 bn) in the May 12 earthquake, a senior
official said yesterday.
- China's major power plants produced 1.09 trillion kilowatt hours (kWh)
of electricity during the January to April period, up 14.1 per cent
year-on-year, the China Electricity Council said.
- The United Nations has increased its emergency grant for earthquake relief efforts in China to USD8 mn, a UN spokesperson said.
- China's iron ore imports volume amounted to 42.85 million tons in
April, representing a rise of 29 per cent compared with the same period
of last year, according to statistics released by China's General
Administration of Customs.
- By the end of April 2008, cellphone users in China had reached 583.5
million, increasing 8.9 million over last month, according to
statistics from the Ministry of Industry and Information.
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