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The credit crunch has posed a far more serious threat to China's business hub Shanghai than many have expected, as over one quarter of Grade A offices in Lujiazui Finance & Trade Zone were empty at the end of 2008, sources said.
An investment seminar on Hadaqi Industrial Corridor was held during the 2009 Heilongjiang International Investment Cooperation Fair at the Harbin International Convention Center on Jan 7.
Northeast China's Heilongjiang province will give top priority to developing eight key economic areas, said vice-governor Sun Yao during the 2009 Heilongjiang International Investment Cooperation Fair last week.
Hubei will do everything possible to create jobs, stabilize employment rates and boost consumption, Governor Li Hongzhong said Tuesday.
The deepening financial recession notwithstanding, the western province of Shaanxi yesterday decided to set its economic growth target for 2009 at 13 percent, the same as last year.
The city will overcome its economic difficulties and maintain steady GDP growth, Mayor Han Zheng said yesterday at the opening of the annual meeting of the municipal people's congress.
Average rentals in Beijing's office market are expected to fall 15 percent to 20 percent in 2009, due to soaring supply and shrinking demand, said a Jones Lang LaSalle report Tuesday.
The Guangxi branch of Aluminum Corporation of China, also known as Chalco, will have to lay off half of its 3,000 workers without help from the provincial government, said Liu Yonggang, the company's general manager.
Exports from China's southern Shenzhen city stood at US$179.72 billion last year, up 6.6 percent from 2007 and leading the list of major Chinese cities for the 16th straight year, Shenzhen Customs said Tuesday.
In the face of the most severe global financial turmoil in decades, northeast China's Jilin province has maintained rapid and stable economic growth by attracting more investment and reorganizing its industrial structure.
Guangdong province will organize a delegation to the United States in February or March to seek to recruit experts and other high-caliber professionals.
China's tropical province Hainan will make greater efforts to make itself a top international beach destination, competing against Bali, Phuket and Jeju-do, its governor said yesterday.