China Investment Corporation (CIC), the nation’s 300 billion U.S. dollars sovereign wealth fund, may gain more than 10 percent from its investments last year on the back of the global financial market and economic stability, a source close to the fund said.
China National Gold Group Corp (CNGG), the country’s second largest gold producer, will transfer several gold mines as assets to its Canadian subsidiary Jinshan Gold Mines this year and acquire more mining assets abroad through Jinshan.
Asian Development Bank (ADB) President Haruhiko Kuroda said Thursday that China’s move to raise bank reserve requirement this week will help cool down the overheating real estate sector but will not undermine the country’s strong recovery.
The State Grid Corporation of China, the nation’s biggest power transmission and distribution company, reported falling profits last year.
Official figures Monday confirmed China had overtaken the United States to become the world’s top auto maker and market in 2009 boosted by government stimulus measures.
Shanghai has set a GDP growth rate target for the year of more than 8 percent, almost the same as 2009’s economic development rate.
China’s grain enterprises purchased 287.6 million tonnes of grain from peasants in 2009, effectively stabilizing domestic grain prices and protecting farmers’ interests, said head of the State Administration of Grain Nie Zhenbang Monday.
China’s export of mechanical and electrical products would see a moderate growth in 2010 thanks to the gradually improving external demand, an official with China’s Ministry of Commerce (MOC) said Tuesday.
China’s government Tuesday designated another 20 industrial bases as export-oriented innovation bases to boost exports of technology products and improve global competitiveness.
Mercedes-Benz marked 2009 as their “best year ever” in China with sales in the mainland soaring 77 percent to 68,500 vehicles, German-U.S. auto giant Daimler Chrysler said Tuesday.