Urbanization Drives ¥48t for Infrastructure
China will need a total investment of ¥48 trillion in infrastructure construction between 2011 and 2015 as the nation's urbanization rate is expected to rise from 47.5% to 51.5% during that five-year period, according to Liu Yong, a senior official at the State Development Bank.
China Nets $187b Hot Money in 2011
China recorded $186.7 billion of net foreign capital inflow in 2011, equivalent to half of the increase in its foreign exchange reserves, according to the State Administration of Foreign Exchange.
Electronics Revenues to Top ¥10t by 2015
Revenue from China's electronics sales is expected to grow 10% annually to ¥10 trillion by the end of 2015, the Ministry of Industry and Information Technology.
Q4 Third-Party Billing Amount Nears ¥767b
Turnover of third-party payments rose 24.6% quarter on quarter and 116.8% year on year to ¥766.7 billion in Q4 2011, according to iResearch.
$1 = ¥6.3
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