Archive for January, 2011

Hong Kong sees new mortgages rise in Dec

Hong Kong

HONG KONG – New mortgage loans drawn down in Hong Kong totalled HK$31 billion ($US3.97 billion) in December, up 11.3 per cent from a month earlier, data from the Hong Kong Monetary Authority (HKMA) showed on Monday. The value of new mortgage loans approved in December declined by 23 per cent from the previous month [...]

Tax collection in China in 2010 grew by more than 20 percent

BEIJING, January 10 – RIA Novosti, Vasily Kashin. Tax collection in China in 2010 grew by 20,8% and amounted to 6.686 trillion yuans (1.1 trillion U.S. dollars), as stated by the State Tax Administration of China. Import duties for the same period increased by 35,9% – up to 1.053 trillion yuans (160 billion dollars). Tax [...]

China supports Spain

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China is going to buy public debt of Spain. “We are confident in European financial market and, in particular, in Spanish financial market, which means the purchase of public debt of Spain, and we shall continue doing this in the future”, – Chinese Vice Premier Li Keqiang wrote in Spanish newspaper “El Pais” on the [...]

China’s trade surplus fell sharply

China’s trade surplus was narrowed to 13.1 billion dollars in December 2010. This was reported on the website of Chinese Government. As noted by Agence France-Presse, it is 8.6 billions less than the analysts expected and 9.8 billion dollars less than in November.

China to continue its military dialogue with the U.S.

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Defence Minister Liang Guanglie after the negotiations with his U.S. counterpart Robert Gates said that the dialogue between nations on the military theme will be continued. “In the first half of 2011, the Chief of the Staff of People’s Liberation Army of China, Chen Binde will come to the U.S. for a visit,” – said [...]

The first capsule hotel to open in China.

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In China, in down-town of Shanghai, the first hotel in the capsular type for 68 rooms was opened. The size of rooms-capsules is approximately 2 x 1 x 1 m. Ta Zan, the owner of capsule hotel, said that the rooms-capsules for the hotel were purchased by him in Japan, where they appeared in the [...]