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January 31, 2009

China and Spain economy development

Filed under: Financial News — Tags: , — Nancy @ 11:53 pm -0800

China and Spain strive for 40 billion U.S. dollars bilateral trade volume in 2011
China and Spain determine to achieve 40 billion U.S. dollars target for the bilateral trade volume in 2011. To this end, China is willing to expand imports of products and equipment from Spain and the Chinese side will send a procurement mission to Spain. Spain said Spain would promote competitive products to China.

Chinese Premier Wen Jiabao on January 30 arrived in Madrid and began an official visit to Spain. Premier Wen Jiabao on January 30 talked with Spanish Prime Minister Zapatero in Madrid.

China and Spain agree to boost economic and cultural links
China and Spain agreed Friday in Madrid to forge closer economic ties to mitigate the impact of the financial crisis and vowed to enhance cultural exchanges for better understanding of each other.

Relations between China and Spain are at their best with frequent high-level exchanges and close cooperation in a wide range of fields since the two countries set up a comprehensive strategic partnership in 2005, said a joint statement issued during a visit by Chinese Premier Wen Jiabao to Spain.

Wen, who arrived here Friday for a two-day visit, met with KingJuan Carlos and held talks with Prime Minister Jose Luis Rodriguez Zapatero on bilateral ties, China-European Union relations, the international financial crisis and other issues of common concern.

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2009 China economy growth and world economy growth

Filed under: Financial News — Tags: , , — Nancy @ 11:22 pm -0800

IMF forecast 2009 China economy growth and world economy growth
International Monetary Fund (IMF) on January 28 forecasted that 2009 economic growth rate would be 0.5%, which would be much lower than the forecast in November last year and would significantly reduce to the lowest post-war world economic growth.

At the same time, the Organization has forecasted that 2009 China’s economy would grow 6.7% and recover to 8.0 percent growth in 2010.

In addition, the Organization has forecasted economic growth for developed countries would be -2.0%, which is much more pessimistic than the previous forecast -1.7%. Among which, the United States would be -1.6%, Japan -2.6%, UK -2.8%.

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Construction and real estate market will be the important pillar industry of China

Filed under: Financial News — Tags: , , — Nancy @ 11:21 pm -0800

Construction and real estate sectors have become an important pillar industry of China’s national economy
The reporter learned from China’s Ministry of Construction: since the reform and opening up for 30 years, China’s construction and real estate industry pulling effect on the national economy growing national economy has become an important pillar industry.

Statistics show that from 1980 to 2007, construction output value develops from 28.693 billion yuan to 5.0019 trillion yuan. The number of construction industry employment increased from 8.54 million people to 30.85 million people. The added value of construction industry has stabilized at about 5.5% of GDP for many years.

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