China Software industry grows

in the first half of this year, China’s software industry continued to grow,but at a slower pace because of the global economic downturn.

in the first half of this year, China’s software industry continued to grow,but at a slower pace because of the global economic downturn.

Assistant Minister of Commerce Chong Quan said multinationals were encouraged to strengthen cooperation with their Chinese partners in promoting regional development, technological innovation, outsourcing services, product safety and exercising corporate social responsibility.

Shares in China Steel Australia Ltd soared after the company said it commenced production at its merchant pig iron (MPI) plant in China’s Shandong Province last week.

Chinese consumers continue to spend. On the macro front, economic dataremain encouraging, indicating continued growth of domestic demand even asexternal demand stays weak. The 7.9% economic growth in 2Q09 exceeded ourprojection of 7.4% and consensus estimate of 7.8%. Retail sales continued to holdup, supporting recent data showing buoyant sales of real estate and autos. Wemaintain our 7.6% GDP growth forecast for the full year.

Sound familiar? Unlike the U.S. plan that will hurt some companies as the government tries to save money to pay for the added coverage, it looks like the Chinese plan should be a gold mine for most health-care companies, with China’s health-care spending expected to jump 38% this year.

According to the earlier plan for the industry, China would increase its nuclear power capacity to 40 gigawatts by 2020, accounting for 4 percent of the nation’s total power capacity. China currently has only 9 GW of nuclear power capacity, or about 1.3 percent of its total.

Banking is in the subject position of China financial industry. According to the character and function, China banks could be divided into three kinds: Central bank, Commercial bank and Policy bank.

2008 years 6 5, the China Securities Regulatory Commission in 2008 held its 78th issue of the work of audit committee meetings to examine the China Construction Company Limited and Shanxi Natural Gas Co., Ltd. the first application.
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