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The year 2009 is the most difficult time for China’s economic development in the new century. According to preliminary estimation, the gross domestic product (GDP) for the year 2009 was 33,535.3 billion yuan, up by 8.7 percent at comparable prices, or 0.9 percentage points lower than that in the previous year.
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In 2009, the total investment in real estate development amounted to 3,623.2 billion yuan, up by 16.1 percent year-on-year. Of which, investment in commercial residential buildings reached 2,561.9 billion yuan, 14.2 percent of increase year-on-year, occupied 70.7 percent of the investment in real estate development.
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Southeast Asian economies are recovering faster than expected from the global economic crisis, but in the longer term will need to make financial, fiscal and structural adjustments to buffer themselves against future shocks, says a new study commissioned by the Asian Development Bank (ADB).
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Growth in the People’s Republic of China (PRC) is set to surge this year as the global financial crisis fades, and policymakers will need to consider tightening measures to prevent potential overheating of the economy, said a new study commissioned by the Asian Development Bank (ADB).
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The Conference Board Leading Economic Index™ (LEI) for Korea increased 1.5 percent and The Conference Board Coincident Economic Index™ (CEI) for Korea increased 0.3 percent in November.
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The Conference Board Leading Economic Index™ (LEI) for Japan increased 1.7 percent The Conference Board Coincident Economic Index™ (CEI) increased 0.2 percent in November.
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According to the results of nationwide survey showed that entrepreneur confidence index (ECI) gained 127.7 in the fourth quarter, promoted 7.6 points over previous quarter.
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Business Climate Survey results of NBS in whole country showed that the national business climate index (BCI) was 130.6 in the fourth quarter of 2009, booming up by 6.2 points quarter-on-quarter.
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From January to November, the industrial enterprises above designated size (all state-owned enterprises and non-state-owned enterprises with an annual sales over 5 million yuan, same as follow) reached 2,589.1 billion yuan, rose by 7.8 percent year-on-year.
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In 2008, China’s total expenditures on science and technology (S&T) continued to maintain a rapid growth. The expenditures of research and development (R&D) funds have increased steadily, the input intensity reached the highest level in the history.
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