China's industrial output rose 16.1 percent in October from a year earlier, as the economy saw a consolidated recovery of growth with massive government spending.
The increase rate was 7.9 percentage points higher from a year earlier and 2.2 percentage points higher than September, according to figures released by the National Bureau of Statistics (NBS) Wednesday.
Industrial output of the world's third largest economy increased 9.4 percent year on year over first 10 months this year.
Although the growth rate was 5 percentage points lower than that of a year earlier, it was 0.7 percentage points higher than that of the first nine months, said the NBS.
China's consumer price index (CPI),a main gauge of inflation, dipped 0.5 percent year on year in October, the National Bureau of Statistics (NBS) said Wednesday.
The rate of decline was 0.3 percentage points lower than that in Septemper.
The producer price index (PPI), a major measure of inflation at the wholesale level, dropped 5.8 percent in October from a year earlier, according to the NBS.
The World Travel & Tourism Council (WTTC) announced Monday that China will hold the 2010 Global Travel& Tourism Summit in Beijing.
The summit will take place in Beijing on May 25-27, 2010. "Our members are all delighted that we will be going to Beijing, capital of the world's most dynamic travel and tourism economy and one of the most interesting and exciting new tourism destinations," said Jean-Claude Baumgarten, WTTC president & CEO, while announcing the summit venue. The board was unanimous in its decision to select China.
Read more: Beijing to host 10th global travel, tourism summit
The world's third-largest independent software company, Infor Global Solutions, is planning to expand its presence in China which is expected to surpass the United States to become the world's largest automobile market this year, China Daily reported Monday.
Consumer demand for automobiles in China is also pushing up demand for software systems used by carmakers and parts suppliers, the newspaper said, citing Tobin Alexander, Infor's vice president for automotive industry sales in Japan and Asia-Pacific.
Read more: Infor Global Solutions expands in China - The next largest auto market
Chinese companies have expressed interest in dualizing the trunk road linking Zimbabwe and its northern neighbor Zambia, as well in rehabilitating a stretch of the railway line along the same route, a senior government official said on Monday.
Deputy Minister of Transport, Communication and Infrastructure Development Tichaona Mudzingwa told Xinhua in an interview on Monday that the railway project could also stretch to Zambia.
"The Chinese have expressed interest in constructing the trunk road that is Harare-Chinhoyi-Chirundu. They have also expressed interest in the railway from Harare to Chinhoyi and if possible over the Zambezi to Zambia," the deputy minister said.
Read more: China interested in upgrading Zimbabwe's transport network
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