China's Logistics Fees Rise 18.5%
China’'s logistical expenses grew 18.5% to ¥8.4 trillion in 2011, according to joint figures from the National Development and Reform Commission, the National Bureau of Statistics and the China Federation of Logistics and Purchasing. The amount was equivalent to 17.8% of the nation's gross domestic product, a relatively high figure.
China Alerted on Auto Overcapacity
China's automobile capacity will be the most excessive of the BRIC nations by 2016, a KPMG report has found. Official data show that China will be able to manufacture 32.5 million vehicles per year by the end of 2015, double last year's volume.
Insurers to Pump ¥300b Into China's Stock Market
China's insurers will invest ¥200 billion to ¥300 billion in the nation's stock market his year, the Shanghai Securities News reported, citing estimates from an unnamed investment bank.
China's Online Video Ad Revenue Doubles
Ad revenue from China's online video sites surged 99.9% to ¥6.27 billion in 2011 and is expected to exceed ¥12.6 billion this year, according to iResearch.
China Exported $631b of Machines in 2011
Output from China's mechanical and engineering machinery manufacturing industry rose 25% to ¥16.89 trillion in 2011, according to the industry association. The industry exported $631.2 billion worth of goods last year, up 23% from 2010.
$1 = ¥6.29