Export tariff on grains imposed
Updated: 2008-01-07 15:37
Venture capital boom
Venture capital institutions from home and abroad provided $3.18 billion for 428 deals in China from January to November 2007, according to a report from consulting firm Zero2IPO Group.
The investment was 78.9 percent higher than the figure of 2006, the report said, adding the number of venture capital investment deals in 2006 was 324.
The investment increase came as venture capital institutions flocked to the world's fastest-growing economy for business opportunities arising from robust economic growth, the report said.
Domestic and foreign venture capital institutions raised a total $5.42 billion in 55 funds in China during the first 11 months last year. The money raised and the number of funds were 36.5 percent and 41 percent higher than the figures of the previous year, the report stated.
Futures exchanges brimming
The latest statistics from the Dalian Commodity Exchange show that China's three major futures exchanges - Shanghai, Dalian and Zhengzhou - last year posted 728.46 million transactions totaling 40.974 trillion yuan, respectively up 62 percent and 95 percent year-on-year.
Volume on Dalian Commodity Exchange reached 3.7 trillion transactions and 1.9 trillion yuan in turnover, up 54.23 percent and 128 percent from the previous year. Turnover on Shanghai Futures Exchange topped 23 trillion yuan, taking up more than half of the total nationwide.
Power capacity increased
China added 85 million kW of power generating capacity from January to November 2007 to fuel its double-digit economic growth, according to the China Electricity Council (CEC).
The installed power generating capacity in China stood at 622 million kW by the end of 2006.
The rapid increase in power capacity means there is only a slim chance of power shortages in most of the country despite the sustained growth in power demand, said an unnamed CEC official.
China's power generating capacity is projected to rise to 900 million kW in 2010 as demand grows around 10 percent annually from 2007 to 2010, the CEC predicted.
Brazil-China trade brisk
Trade between Brazil and China totalled to $23.4 billion in 2007, up 42.55 percent over 2006, according to the Brazilian Ministry of Development, Industry and Foreign Trade.
China has replaced Argentina to become the second-largest exporter to Brazil after the United States, with Chinese exports to Brazil amounting to $12.6 billion, up 57.9 percent compared to 2006.
China still ranks third after the US and Argentina as a Brazilian export market as China's imports from Brazil reached $10.7 billion, up 27.9 percent.
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