China’s aggregate value of listed stock ranks the second globally, with more than 2,000 listings and 130 million investors.
China sets its per capita income growth at 7 percent annually during the 12th five-year plan (2011-2015), at the same pace of anticipated economic growth.
The HSBC China Purchasing Managers’ Index (PMI) slipped to 54.4 in December from 55.3 in November as output and new businesses increased at the slowest pace in three months.
China sets to expand the coverage of value added tax (VAT) during the 12th five-year plan (2011-2015), among other tax adjustments, which would bring the country’s revenue up 8 percent in 2011.
Chinese companies swept U.S. IPO market in 2010 with 34 new listings that raised a total of 3.6 billion U.S. dollars.
China’s raising of interest rates at the weekend will have a limited impact on the market while future hikes are likely in the near future.
The Chinese mainland registered a trade deficit of 78.44 billion U.S. dollars with Taiwan in the first 11 months, according to the customs.
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