- State Council: housing prices in some cities are still rising too fast, more curbs needed.
- Beijing is to provide 10 million sq meters of affordable housing and 10 mln sq meters of price-capped homes within 3 years.
- Carrefour's five stores in Guangzhou in the red, Beijing outlets operating well.
- Xinjiang boasts proven natural gas deposits of 1.29 tln cu meters, tops all the hydrocarbon producing regions in China.
- Daily west-to-east gas transmission reaches 36 mln cu meters, up nearly 40 per cent yr-on-yr.
- Beijing's tourism sector pockets CNY 1.9 bln during the week-long Chinese New Year holiday.
- China's trade defict in service sector is in a widening trend.
- Steel industry witnessed record high profit in 2006.
- Monetary tightening remain central bank's main policy as concerns about excess liquity linger.
- The three state-run oil giants of China will send deligations to Russia next month in efforts to seek breakthrough in engergy cooperation between the two countries.
Monday, February 26, 2007
Chinese Economy Update
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