FDI Falls for Fourth Month
China's foreign direct investment fell for the fourth month in a row in February following a sharp decline in contributions from the debt-ridden EU, the Ministry of Commerce said. FDI dropped 0.9% from a year earlier to $7.73 billion last month, and was down 0.6% to $17.72 billion in the first two months of 2012.
China's Per Capita GDP 10 Times Higher Without Monopolies
China's per capita GDP would have been 10 times higher if it had significantly weakened or even broken monopolistic operations, argued Li Yiheng, the nation's chief representative to the IMF, calling for deeper reforms in the finance, construction, transport, education, healthcare and telecommunications industries. "An average US worker's productivity and salary were 10 times and 9 times respectively those of an average Chinese worker's over the past decade, and poor productivity stemming from monopolies has resulted in low wages, Li said.
136m 3G Users in China
The number of 3G service users in China increased by 8.18 million to 136.6 million as of the end of 2011, the Ministry of Industry and Information Technology said. Total mobile service subscribers increased by 10.35 million to 996.6 million last year.
146m Broadband Users in China: eMarketer
China had 146.4 million broadband users as of the end of 2011, accounting for 34.6% of all netizens, according to eMarketer figures. The market research firm predicted that the number would total 270.7 million, or 60% of the cyber population, by 2016.
Environment Equipment Manufacturing to Keep Steady Growth
Output from the manufacture of equipment for environmental protection in China is expected to grow 20% this year, the Ministry of Industry and Information Technology predicted. Output from the nation's 779 largest producers of such equipment expanded 31.6% to ¥130.46 billion in 2011.
$1 = ¥6.33