Manufacturer China

Internet shopping in China hit a staggering 250 billion yuan ($36.6 billion) in 2009 accounting for 1.97 percent of all domestic retail, the Beijing News reported Wednesday.

The Chinese government will continue encouraging outbound investment while attracting foreign investment in 2010 for “stable and relatively fast” growth of the country’s economy, a government official has said.

China’s manufacturing has recorded growth for 10 straight months, consolidating the recovery of the world’s third largest economy, an official survey showed on Friday.

China’s tourism market is gearing up for the Shanghai World Expo. The National Tourism Administration has set 2010 as the Year of World Expo Tourism. Laurie Lew looks at this year’s first promotional event.

China International Capital Corp (CICC) topped the rankings of the underwriters of China’s initial public offerings (IPOs) in 2009, making an estimated 1.23 billion yuan from fees, Bloomberg data showed.

SAIC Motor Co Ltd sold more than 82,000 cars of its Roewe and MG brands between January and November of 2009, up 160 percent over the same period of the previous year. Full-year sales are expected to hit 90,000 units, the company said.

China’s Ministry of Commerce (MOC)announced Monday that it is to impose temporary anti-dumping measures on food additives imported from Thailand and Indonesia.

The Chinese government said on Monday that it aims to build the southern island of Hainan into a top international tourism destination by 2020.

Whole year auto sales for the U.S. auto giant General Motors (GM) in the Chinese market topped 1.82 million units, up 66.9 percent from a year earlier, the company said Monday in an annual business report.

Shanghai’s first modern streetcar line begins operation in the east China city on January 1, 2010. There are 15 stations along the 9.8-kilometer route with a flat ticket fare of 2 yuan. It connects with Shanghai Metro Line 2 at Zhangjiang High Tech station.