The recently-released statistics show that in 2012 both provinces of Zhangjiang and Jiangsu invested over 100 billion yuan in Anhui province. Last year the number of out-of-province projects under construction invested more than 100 million yuan amounted to 4,952, with the actual paid-in capital of 528.32 billion yuan. And Zhejiang and Jiangsu rank 1st...
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Zhejiang, Jiangsu Invested over 100 Bln in Anhui in 2012 Separately
Guangdong leaders fear they will lose economic pole position to Jiangsu
A sense of urgency looms large among senior Guangdong leaders who are worried that the economic powerhouse may lose its top spot in terms of total economic output by as early as 2015, while the province’s new party chief, Hu Chunhua said pressure on future growth was “beyond my expectation”. In a panel discussion...
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Income growth outstrips GDP surge
One third of China’s provinces and municipalities that have released their annual economic data so far have registered growth in urban disposable incomes that is faster than their GDP growth rate. The six are: Shanghai and the provinces of Jiangsu, Shandong, Liaoning, Hebei and Shanxi. The gap varies from 0.4 to 0.9 of a...
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Jiangsu billionaire’s call to declare nationality strikes a chord
Jiangsu billionaire Chen Guangbiao, who made a fortune by recycling construction materials and is famous for his flashy philanthropy, has made headlines again by calling on the authorities to publish details of rich mainlanders’ assets and what passports they hold. A 2011 survey by the Bank of China and the Hurun Report found more...
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Li Xueyong re-elected Jiangsu governor
NANJING – Li Xueyong was re-elected governor of East China’s Jiangsu province on Friday during the first session of the 12th provincial People’s Congress. Li, born in 1950, is a native of the city of Shijiazhuang in North China’s Hebei province. He has served as Jiangsu’s governor since February 2011. Li previously served as...
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Local govts set modest GDP growth targets
Global Times | By Song Shengxia Local governments have set moderate economic growth targets this year amid an uncertain economic outlook to focus on quality, according to recent data released in the run-up to local legislative sessions. East China’s Jiangsu Province set its GDP growth target for 2013 at 10 percent year on year,...
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China plans promotion of BeiDou tech on vehicles
Xinhua | By Agencies Major transportation vehicles in parts of China are now required to use homegrown BeiDou Navigation Satellite System (BDS). All tour coaches, long-distance scheduled buses and vehicles for transporting dangerous articles, should install the BDS service when they renew mobile navigation terminals, according to a Ministry of Transport (MOT) conference. The...
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An Oxford in Changzhou? International schools spread across China
Students attend a class at the Oxford International College in Changzhou, Jiangsu province January 10, 2013. Credit: REUTERS/Aly Song By Lucy Hornby BEIJING (Reuters) – The website for a private school in Changzhou, one of China’s smaller cities, features blue blazers and plaid skirts, music classes and an ivy-clad brick doorway — all the...
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Inland areas ‘catching up’
Millionaires increasing investments in gold, 10-carat diamonds and art The total value of private investable assets in China reached more than 73 trillion yuan ($11.6 trillion) in 2012, up 14 percent on the previous year, according to a recent report by Boston Consulting Group and China Construction Bank Corp. By the end of 2012,...
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Authorities Suspect Jiangsu Mobile of Tax Evasion
According to recent media reports, after opening an investigation into the Jiangsu subsidiary of China Mobile (NYSE: CHL; 0941.HK) in late 2012, the Jiangsu provincial office of the State Administration of Taxation now suspects Jiangsu Mobile of having exploited tax loopholes to avoid paying RMB 1 bln in taxes. Jiangsu Mobile said in a...
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