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City Introduction of Hubei, China: XiangfanPublished: 10 Apr 2009 12:42:13 PST
Xiangfan<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />
Major Economic indicators (2007)
Land Area
<?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /><st1:chmetcnv w:st="on" TCSC="0" NumberType="1" Negative="False" HasSpace="True" SourceValue="3563" UnitName="km">3563 km</st1:chmetcnv>2
Population
5.8 million
GDP
RMB 78.5 billion (US$10.4 billion), 14% up
GDP Composition
Primary Industry (Agriculture)
17.8%
Secondary Industry
(Industry&Construction)
43.6%
Tertiary Industry(Service)
38.6%
GDP Per Capita
RMB 14,478, US$1,925
Unemployment Rate
3.8%
Fixed Asset Investment
RMB 26.6 billion, 32.6% up
Utilized FDI
US$107.0 million, 15.3% up
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China May passenger car, minivan sales up 55 pct y/y: CPCAPublished: 07 Jun 2009 22:02:37 PST
Shanghai, June 8 (Gasgoo.com) China's passenger-car sales, including mini-vans grew a faster-than-expected 55 percent in May, the most since the beginning of this year, data from China Passenger Car Association showed.
Sales of passenger cars, multipurpose vehicles, sport utility vehicles and minivans rose to 812,178 units in May, up 54.7 percent from a year earlier, the Association said.
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Hang Seng Bank buys 20% stake in Yantai City Commercial BankPublished: 18 Feb 2009 00:00:00 PST<!--begin CK content-->
Feb. 18, 2009 (China Knowledge) - Hong Kong-based Hang Seng Bank<11> announced it has finalized the acquisition of a 20% stake in Yantai City Commercial Bank in Shandong Province, the Shanghai Daily reported.
The Hong Kong-based bank will be allowed to nominate directors and make personnel recommendations for various senior management positions after the deal, which is valued at RMB 800 million.
Hang Seng Bank will also offer technical support to the domestic bank in segments including corporate governance, risk management and personal financial services through the personnel training and secondment of executives.
Currently, Hang Seng Bank (China) Ltd, a wholly-owned subsidiary of HSBC<5><HBC>, has 33 branches across China and it plans to raise the figure to between 45 and 48 by end-2009.
The Yantai-based commercial bank, founded in 1997, has 70 outlets and more than 1,200 staff. Hong Kong-headquartered medium-sized lender Wing Lung Bank<96> also bought a 4.99% stake in the mainland bank.
Shares of Hang Seng Bank declined HK$1.95 to HK$85.05 on Tuesday.
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Exiled China tycoon in U.S. clean car venture -sourcePublished: 09 Jul 2009 01:16:29 PST
HONG KONG, July 9 - Yang Rong, a Chinese automobile tycoon who fled the country after being accused of economic crimes, is preparing to launch an ambitious plan to make clean-tech cars in the United States, said a source.
The former chairman of Brilliance China Automotive Holdings Ltd, ranked by Forbes as China's third-richest man in 2001, would announce a plan later this month to set up a conmpany in the southern U.S. state of Alabama, said the source with direct knowledge of the plan.
Yang would cooperate with the Alabama state government on the project, expected to create thousands of jobs in its initial phase, the source said, speaking on condition of anonymity as the source was not authorised to speak to the media.
Yang could not be immediately reached for comment.
Support for the plan had come from former U.S. Vice-President Al Gore, one of the world's most visible environmental activists and now a partner at U.S. venture capital firm Kleiner Perkins Caufield&Byers, said the source, declining to be more specific.
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Greentown's sales revenue hit RMB 7 bln in JunPublished: 06 Jul 2009 01:30:18 PST<!--begin CK content-->
- Top 5 News From ChinaKnowledge.comChina Mobile's parent may buy into ICBCChina's BYD, Chery Auto may build vehicle plants in BrazilChina plans to list some railway assets in HK: reportPing An Trust, Guangzhou Zhongda set up health clinic JVChina's GDP growth in Q2 likely to exceed 7%
Jul. 6, 2009 (China Knowledge) - Greentown China Holdings Ltd<3900>, which is primarily engaged in residential property development, announced that its sales revenue hit RMB 7 billion in June, a year-on-year jump of 539% or a month-month growth of 13%, sources reported.
Last month, the Hong Kong-listed firm sold 450,000 square meters (sq m) of properties, or 2,701 units.
In the first half of this year, Greentown's sales revenue totaled RMB 21.1 billion, up 170% from a year earlier. Greentown's average property price was RMB 13,445 per sq m, whereas it was RMB 11,555 per sq m during the same period of last year.
In the second half of this year, the real estate developer will offer new properties totaling about 1 million sq m will in the market. The new properties include one project each in Huzhou, Ningbo, Beijing and Ji'nan, two projects in Shanghai and three projects in Hangzhou, Zhejiang Province.
Reportedly, Greentown will purchase a 30% stake in a land lot in Hangzhou, Zhejiang Province from a local firm that purchased the parcel for RMB 522 million at the end of last year. The local firm intends to sell the stake at cost, which would be RMB 9,833 per sq m.
Song Weiping, chairman of Greentown, said that the estimated sales revenue of residential properties in Hangzhou will be between RMB 80 billion and RMB 100 billion this year, sources reported.
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