China will invest ¥1.5 trillion in the civil aviation industry over the next 5 years, up 50% compared with the previous 5 years, according to Li Jiaxiang, director of the Civil Aviation Administration of China.
China's premium income rose 33% to ¥1.47 trillion and insurance profits amounted to ¥60.7 billion in 2010, said Wu Dingfu, director of the China Insurance Regulatory Commission.
China gave ¥2.69 billion in subsidies to domestic airline companies and airports to offset rising operating costs; China had 1,604 cargo aircraft by the end of 2010, according to a meeting organized by the Civil Aviation Administration of China.
China's tourism sector will receive 2.34 billion tourists and generate ¥1.3 trillion in revenues in 2011, up 10% and 12% respectively from 2010, according to the National Tourism Administration. It also estimated 57 million Chinese tourists would travel overseas spending a combined $55 billion this year, up 5% and 14% respectively.
Corporate China's demand for new employees will decline 4% in Q1 2011 compared to Q4 2010, predicted Bridge HR.
Chongqing plans to build a 500-meter tall building, the tallest in western China.
Dongguan, an industrial powerhouse in Guangdong province, has unveiled a plan to make its photovoltaic manufacturing a ¥100 billion industry by 2015.
$1 = ¥6.61
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