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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (93799)	8/22/2012 6:49:03 AM
From: elmatador	Read Replies (1) \| Respond to of 217752

Local governments in China are spending trillions to boost specific industries such as electronic communications, new energy cars and aerospace industries, chemical industry as well as advanced manufacturing. Chongqing and Tianjin have both announced investment plans of 1.5 trillion Yuan ($237 Billion USD) each to boost specific industries such as electronic communications, new energy cars and aerospace industries, chemical industry as well as advanced manufacturing. These two cities are among a long list of Chinese cities that have announced major spending plans to ensure the country’s economy has a soft landing and also build up domestic consumption. Wuhan, Ningbo and Guizhou are among the other cities that have already unveiled their spending plans. ELMAT: Let me check the Five year plan here to see what it says... Chinese cities embark on major investment drive to boost economy Source: The Information Daily Published Wednesday, August 22, 2012 - 06:32 Local governments in China are spending trillions of Yuan on infrastructure and industry to boost economic growth in the world’s second largest economy. Chongqing and Tianjin have both announced investment plans of 1.5 trillion Yuan ($237 Billion USD) each to boost specific industries such as electronic communications, new energy cars and aerospace industries, chemical industry as well as advanced manufacturing. These two cities are among a long list of Chinese cities that have announced major spending plans to ensure the country’s economy has a soft landing and also build up domestic consumption. Wuhan, Ningbo and Guizhou are among the other cities that have already unveiled their spending plans. Last month, Changsha, the capital city of the southern province of Hunan, unveiled 829 billion Yuan investment to stimulate local economy but stakeholders are not convinced about the details of the plan. Chongqing, now famous for the Bo Xialai and family scandal, announced 250 billion Yuan in the manufacturing of advanced equipment and 150 billion Yuan in the chemical industry earlier this week. The city also allocated 300 billion Yuan for supporting the electronic communications industry. Tianjin, a city next to Beijing, said it has "preliminarily" decided to move forward with a plan calling for investment of 1.5 trillion yuan over four years in 10 industrial sectors which include new energy cars, advanced manufacturing as well as aerospace industries. However, none of the cities have yet laid out how they would pay for these investments. There are concerns that the stimulus plans could repeat the 2008-2009 experience when local governments borrowed heavily from state run banks which caused major problems for local balance sheets. In addition, the local government revenues are unsustainable as they are often dependent upon land sales and some analysts fear these investments would increase bad debts and exacerbate China’s already over dependence on investment for growth

To: TobagoJack who wrote (93799)	8/22/2012 7:26:52 AM
From: elmatador	Respond to of 217752

We accelerated the development of the national innovation system; carried out knowledge innovation projects and technology innovation projects; and made breakthroughs in urgently needed cutting-edge technologies, core technologies and key equipment technologies. A large number of research results have been applied in industrial production. Full Text: Report on the Work of the Government en.ce.cn 3. Strongly promoting economic restructuring and improving the quality and performance of economic growth First, we accelerated industrial restructuring and innovation. We vigorously carried out technological upgrading in enterprises and enterprise mergers and reorganizations, which noticeably raised the overall level and competitiveness of Chinese industries, particularly equipment manufacturing. Strategic emerging industries grew rapidly. We accelerated the development of the national innovation system; carried out knowledge innovation projects and technology innovation projects; and made breakthroughs in urgently needed cutting-edge technologies, core technologies and key equipment technologies. A large number of research results have been applied in industrial production. The service industry developed quickly and the proportion it contributes to GDP rose by 2.5 percentage points. We greatly accelerated infrastructure development. We expanded the railway system by 16,000 km over the past five years and the road system by 639,000 km, including 33,000 km of expressways. We built, improved or expanded 33 airports and built or reinforced 17,000 km of dykes. Second, we made genuine progress in energy conservation, emissions reduction, ecological improvement and environmental protection. We formulated policies, measures and national objectives for controlling greenhouse gas emissions by 2020 and drew up a comprehensive work plan for conserving energy and reducing emissions. We vigorously developed clean energy. New power generating units with a capacity of 445 million kW were put on line, including hydropower plants with 96.01 million kW capacity and nuclear power plants with 3.84 million kW capacity. We decommissioned small thermal power plants with a capacity of 72.1 million kW and eliminated a number of outdated coal, steel, cement and coke production facilities. We made progress on key ecological forestry projects, and afforested a total of 25.29 million hectares. We applied a combination of approaches to control soil erosion on 230,000 km2 of land, and strengthened efforts to control water and air pollution in key watersheds, prevent and control air pollution and control industrial wastewater, waste gases and residues. We strongly promoted the development of the circular economy. Energy consumption per unit of GDP fell 19.1%, chemical oxygen demand by 12.45% and sulfur dioxide emissions by 14.29%. Third, we worked to balance regional economic development. We implemented a master strategy for regional development, issued and implemented the national plan for development priority zones; formulated new 10-year guidelines for the large-scale development of the western region and a number of regional development plans; and introduced new measures to stimulate development by leaps and bounds in Tibet, Tibetan ethnic areas in Sichuan, Yunnan, Gansu and Qinghai provinces, Xinjiang and other ethnic minority areas. Development accelerated in the central and western regions and northeast China, and their economic growth rates and other main economic indicators were higher than the national average. The economic structure of the eastern region constantly improved, and its innovativeness and competitiveness gradually increased. Discrepancies in levels of basic public services among regions were decreasing, and the development of each region was taking on unique characteristics.