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From January to October, total investment in fixed assets in urban areas stood at 11,318.9 billion yuan, a rise of 27.2 percent, year-on-year. Of which, state-owned and state-holding enterprises invested 4,707.3 billion yuan, surging 21.3 percent; real estate development valued at 2391.8 billion yuan, up by 24.6 percent.
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The report recommends steps to improve fuel quality and vehicle emissions for creating better air quality in the region. Emissions from motor vehicles continue to pose a significant threat to the environment and lives of Asia’s urban population.
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It's been a big week for China and its attempts to stabilise and then kick start its slowing economy.
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The total retail sales of consumer goods in October reached 1008.3 billion yuan, a year-on-year increase of 22.0 percent.
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The Conference Board announced that the leading index for Korea declined 0.7 percent and the coincident index declined 0.4 percent in September.
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In October, consumer price index rose by 4.0 percent over the same period of the previous year. Of which, urban area and rural area was up by 3.7 and 4.6 percent respectively; the price of foodstuff, non-foodstuff, consumable and services expanded 8.5, 1.6, 4.9 and 0.9 percent respectively.
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In October, Producer Price Index (PPI) for manufactured goods was up by 6.6 percent year-on-year; purchasing prices for raw material, fuels and power rose by 11.0 percent.
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Himfr.com reports that in September this year, China's Guangdong province exported toys to the amount of 2.2 billion U.S. dollars, a year-on-year increase of 26%. The upward trend is more or less consistent with the upcoming Christmas period. However, toy enterprises admit that next year orders will sharply drop, so the toy industry is turning to the domestic market out of necessity.
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The Conference Board reports that the leading index for Japan decreased 1.0 percent and the coincident index decreased 0.1 percent in September.
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Japan revealed a rate cut and its second stimulatory package on Friday; China's Government made it clear it will be revealing more stimulation for its slowing economy with comments reported by State-run media from President Hu Jintao at the weekend, and India's central bank cut its key interest rate for the second time in two weeks.
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