Guangdong, flagship of China

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Guangdong, flagship of China

Latest Updated by 2004-12-29 11:37:35

>>National Highlight	>>GD's Spotlight
Macro Control	Achievement Gained
China highlights macro control in economic work Macro-control: effective baton for China's healthy economy [Over-investment]Official vows to stamp out over-investment in power [Currency] Improved currency mechanism suggested [Interest Rate]PBOC raises interest rate [Agriculture]Macro-control boost agricultural production [Fixed asset investment]Fixed asset investment grows slowed down [Exchange Rate]Renminbi exchange rate kept stable [WTO]3 years in WTO bring waves of change	Guangdong reports highest growth in 10 years Guangzhou reports strong economic performance GD becomes a big tax revenue contributor Guangdong Consumer Price Index rise Guangdong import volume hits record high Seven cities in GD listed as Top competitive cities GD cities recognized for exuberant economy GD six advantages attracting foreign investment Five social changes in Guangdong 2001-04
China's 2004 tax revenue to top US$304b China's foreign trade surges US$1 tril. Mild slowdown of growth expected for 2005 Macro economic control to stay in 2005 China to see 8% growth in 2005: OECD	'Well-off Guangdong' Blueprint comes out! Guangdong Gov't procurement to hit US$2.2b in 2005 Provincial GDP to hit 2 trillion in 2006 GZ: Auto output value to exceed 300bln Yuan in 2010
Farmer
First Regulation of the year: boost farmers' income Government aims to fatten farmer's wallets More support for farmers, rural economy President Hu emphasized grain production	No agriculture tax next year Treat farmers more fairly Guangdong agriculture performs well City-rural dweller fence coming down Grain output up 1.1%, farmers income increase
Regional Development
Premier urges revival of old industrial bases State pushes on with western expansion	[West GD] Zhanjiang to construct a strong city of industry [North GD] Taiwan entrepreneur expands investment in Qingyuan
Employment
Nation pledges to control unemployment Employment vital for people's life, state stability Urban employment gains first increase Blue collar training gets shot in the arm	Guangdong tackles unemployment issues Job-hunting season starts for graduates Guangzhou people upbeat about jobs [Bottleneck] Labor shortage hits province GD plan to train more skilled workers
Energy
Sustainable growth of energy sources national strategy Long-term energy-saving plan launched China to explore new energy resources China sets to diversify energy supply Fastest development of power generation	Guangdong sets goal for energy saving [New Energy] Guangdong LNG power project get bank loan Huilai Wind Power Station put into use in 2006 Fourth nuke plant in pipeline in GD Green Power Plant project starts off
Energy use to double by 2020 Growth leaves China high and dry Power shortage problem to be solved by 2006	[Power Bottleneck] Grid construction to ease GD power shortage Power transmission to GD enhances 10 million kw
Further Reform
China to curb SOEs assets losses SOEs urged to be wary of financial risks SOE reforms expected to end within 3 years	Shenzhen won top prize in reform Reform on officials' car use in the offing
Law and Regulation
China to toughen IPR protection Porn producers face severe punishment China closes 1,129 porn web sites	GD IPR Protection Publicity Week GZ shuts down 41 porn sites Porn Web site operators sentenced Pyramid sales head arrested in Shenzhen Pyramid salesman sentenced in Guangzhou

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