China's business climate index dropped 4.2 percentage points to 133.8 and entrepreneur confidence index was unchanged at 137.4 in Q1 2011 compared to Q4 2010, according to the National Bureau of Statistics.
There were 227 China-involved mergers and acquisitions valued at a combined $14.15 billion in the international market in Q1 2011, up 48.4% and 162.5% year on year and up 22% and 11.9% quarter on quarter respectively, according to Zero2IPO. There were 186 domestic transactions valued at $5.82 billion, 19 transactions involving Chinese firms acquiring or merging with foreign firms valued at $5.58 billion, and 22 transactions involving foreign firms acquiring or merging with Chinese firms valued at $2.75 billion.
The Chinese government plans to pour ¥100 billion into the alternative energy-powered automobile industry over the next 10 years, according to a blueprint submitted to China's cabinet. The industry is expected to manufacture five million cleaner vehicles in total by 2020.
China's coking coal output and demand will amount to 387 million tons and 384 million tons respectively in 2011, predicted the China Coking Coal Industry Association.
Bank loans in China will rebound to ¥600 billion in March from ¥535.6 billion in February, predicted Goldman Sachs (NYSE: GS). ¥600 billion is up 17.7% from the same month a year earlier.
The Chinese currency's exchange rate against the greenback is expected to climb to 6.3 by the end of this year, according to a survey of the chief economists of 17 international banking or investment institutions.
The Beijing city government aims to make its tourism sector create 10% of gross domestic product by 2015 from currently 6%. By 2015, the Chinese capital hopes to receive 257 million domestic tourists expected to spend ¥463 billion and seven million foreigners expected to spend $8.85 billion in the city.
$1 = ¥6.54