BIZCHINA / Weekly Roundup
Railroad investment
(China Daily)
Updated: 2006-08-21 09:51
Railroad investment
China invested 72.5 billion y
BIZCHINA / Biz Life
50,000 foreigners in Shanghai
(Chinanews.cn)
Updated: 2006-07-12 10:26
The number of foreigners currently employed in Shanghai has exceeded
50,000, reached 51,000, according to statistics recently released by the
Shanghai Municipal Bureau of Labor and Social Security.
Of the employees from 152 countries, the top 10 nationalities they belong
to are Japan, US, ROK, Singapore, Germany, Malaysia, France, Canada, UK
and Australia.
In term of the employment structure, the foreigners working in Shanghai
present the characteristics of "three highs"��high position, high
academic level and high proportion of employment by foreign-invested
companies
Ninety-nine percent of these people are administrative personnel or
technicians, 90 percent have bachelor degree or above, 2.5 percent are
doctoral degree holders or postdoctoral researchers, and 86 percent work
at foreign-invested companies or the representative offices of foreign
establishments.
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uan (US$9.1 billion) in railway construction
from January to July, up 1.8 times from the same period last year, a
Ministry of Railway spokesman says.
Of the total, 53.4 billion yuan (US$6.7 billion) came from the ministry,
up 1.3 times from the same period last year, says spokesman Wang
Yongping.
Meanwhile, outlays by local governments and companies surged to 18.588
billion yuan (US$2.326 billion), up 5.5 times year-on-year.
The money will be invested in both State-run and joint-venture railways.
Investment in local railway construction reached 545 million yuan
(US$68.1 million), all bankrolled by local governments, Wang says.
Government reprimand
China's cabinet, in an unusually tough message, has warned regional
officials that any attempt to dilute the effects of macro-economic
policies would not be tolerated.
At an executive meeting chaired by Premier Wen Jiabao last Wednesday, the
State Council sternly reprimanded top officials in the Inner Mongolia
Autonomous Region for their role in an unauthorized project which caused
fatal accidents.
The region's chairman, Yang Jing, and vice-chairmen Yue Fuhong and Zhao
Shuanglian, were ordered to write self-criticisms to the State Council.
The illegal project was Xinfeng Power Plant's investment of 2.88 billion
yuan (US$350 million) for two coal-burning generators with a capacity of
300,000 kilowatts each. Construction started in April 2004 without
requisite approvals.
1 2 3 4
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