Thursday, December 22, 2011

Dec 22 - Over CNY 200 Billion Invested In New Projects in Western China


Source: Chinanews, ChinaScope Financial (Data)
+    The National Development and Reform Commission has announced that in 2011 a total of CNY 207.9 billion was invested in the development of 22 new key projects in the Western regions.
+    165 major projects have been developed since 2000 with total investments amounting to CNY 3.1 trillion.
+    Benefiting from a series of financial, industrial, and economic policies, the annual GDP growth in Western China averaged 11.9% between 2000 and 2009. This is higher than the national growth rate during the same period.
+    Related Data: Fixed Asset Investment in Eastern, Middle, and Western Regions.

Economy of China’s hinterland is supported by more investments in fixed assets.

For more data of Chinese macro data, please visit www.chinascopefinancial.com

Other News Headlines
  • Ping An Insurance Plans to Issue Bonds Worth CNY 26 Billion
  • Over CNY 200 Billion Invested In New Projects in Western China
  • China Filed 391,000 Patent Applications Last Year
  • The SZSE Clears the World’s Most IPOs in 2011
  • China’s Coal Import Dependence Increases

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