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Domestic and foreign visitors observe a drilling model at the 13th China International Petroleum and Petrochemical Technology and Equipment Exhibition in Beijing.
The petroleum exhibition， the largest of its kind in the world， kicked off on March 19 and has attracted more than 1，500 companies from 62 countries and regions.
Housing Price Surge
New home prices rose steeply in more Chinese cities in February， putting the government in an increasingly complex situation of regulating the bubble-ridden market.
Of a statistical pool of 70 major Chinese cities monitored by the National Bureau of Statistics， 66 saw home prices increase within 3.1 percent in February from a month earlier， while three saw prices remain unchanged and only one reported price falls.
Newly built commercial housing prices in Beijing and Guangzhou， capital of south China’s Guangdong Province， saw the largest increase of 3.1 percent on a month-on-month basis， followed by Shanghai and Shenzhen with price hikes of 2.3 percent and 2.2 percent， respectively.
Zhang Dawei， director of Centaline Property’s research center， attributed the growth to panicky homebuyers driven into hurried purchases by worries that prices may rise further following the recent gaining streak.
FDI Rebound
China’s foreign direct investment（FDI） stood at $8.21 billion in February， expanding by 6.32 percent year on year. This put an end to a streak of declines for eight consecutive months since June 2012.
“The rebound is a heartening fact，” said Shen Danyang， spokesman of the Ministry of Commerce， adding that it showed the competitiveness of China’s economy and foreign investors’ confidence in its business environment and growth prospects.
In the first two months， total FDI inflow dropped 1.35 percent to $17.48 billion from the same period last year.
“Our general estimate is that FDI will remain steady for the whole year， which means significant rises and drops are not likely，” Shen said.
Overseas direct investment by Chinese companies， excluding investment in the financial sector， surged by a robust 147.3 percent year on year to $18.39 billion in the first two months.
Confidence Boost
Amid growing public concern about inflation， Chinese entrepreneurs and bankers are more confident about the country’s economic outlook. The entrepreneurs’ confidence index rose 7.6 percentage points to 68 percent in the first quarter this year from the fourth quarter in 2012， the People’s Bank of China （PBC） said in a report， citing results from a survey of over 5，700 local entrepreneurs.
In a separate report based on a survey of 3，100 bankers， the PBC said their confidence index was up 17.2 percentage points to 72.2 percent from the previous quarter.
Though the country’s economy is improving， the PBC survey found that more people are concerned about price rises.
Of the 20，000 savers the bank surveyed， around 62.1 percent considered prices high， while 68 percent described housing prices as “high and hard to accept.”
Resource Shortage
A research report released on March 19 warns of growing pressure on essential resources in a densely populated area in north China.
With a population of 104 million， the Beijing-Tianjin-Hebei Province region is currently facing grave tensions in water supplies and garbage processing， according to a blue book issued by the Chinese Academy of Social Sciences.
In Beijing， per-capita water resources stood at 119 cubic meters in 2011， much lower than the internationally recognized water shortage warning line of 1，000 cubic meters. Tianjin and Hebei also face a similar situation.
The report also forecasts that Beijing will have to allocate another 213 hectares of land to bury additional garbage by 2020.
Meanwhile， the size of the population in the region， which is already contributing to these issues， will further expand. The report estimates that the region would be home to 112 million people by 2015， although the ideal population should not exceed 98 million.
Beijing New Airport
Beijing plans to build a new airport in its southern suburbs in Daxing District， which borders Hebei Province.
Construction on the new airport is expected to start in 2014， and preparation work is already underway， said Shao Heng， deputy chief of the government office of Daxing District， on March 19.
The new airport will serve as an engine for Beijing’s economic development and a new landmark for the capital， according to the Beijing Municipal Commission of Development and Reform.
Meanwhile， an air transportrelated economic zone is also planned， with an investment of 84 billion yuan （$13.39 billion）， Shao said. Upon completion， the new airport is expected to alleviate traffic pressure on the Beijing Capital International Airport， which remained the world’s second busiest airport in 2012 in terms of passenger throughput.
Highest-Volt Transformer
A 397-ton transformer was carried to a dock in Huzhou， east China’s Zhejiang Province.
The 3，000-megavolt transformer， the largest in capacity in China， will be transported to the Zhejiang North Transformer Substation and will become an important link in the power transmission project from Huainan， Anhui Province to Shanghai.
Numbers
$1.18 tln
The value of China’s exports of mechanical and electronic products in 2012， taking up a greater share of the global market
4，400
The number of FJ Cruiser vehicles that Japanese automaker Toyota will recall in China over seat belt flaws
22 bln yuan
Money that Tibet Autonomous Region will invest in transport construction this year
$1.59 bln
The amount of trade between south China’s Guangxi Zhuang Autonomous Region and ASEAN in January and February
The petroleum exhibition， the largest of its kind in the world， kicked off on March 19 and has attracted more than 1，500 companies from 62 countries and regions.
Housing Price Surge
New home prices rose steeply in more Chinese cities in February， putting the government in an increasingly complex situation of regulating the bubble-ridden market.
Of a statistical pool of 70 major Chinese cities monitored by the National Bureau of Statistics， 66 saw home prices increase within 3.1 percent in February from a month earlier， while three saw prices remain unchanged and only one reported price falls.
Newly built commercial housing prices in Beijing and Guangzhou， capital of south China’s Guangdong Province， saw the largest increase of 3.1 percent on a month-on-month basis， followed by Shanghai and Shenzhen with price hikes of 2.3 percent and 2.2 percent， respectively.
Zhang Dawei， director of Centaline Property’s research center， attributed the growth to panicky homebuyers driven into hurried purchases by worries that prices may rise further following the recent gaining streak.
FDI Rebound
China’s foreign direct investment（FDI） stood at $8.21 billion in February， expanding by 6.32 percent year on year. This put an end to a streak of declines for eight consecutive months since June 2012.
“The rebound is a heartening fact，” said Shen Danyang， spokesman of the Ministry of Commerce， adding that it showed the competitiveness of China’s economy and foreign investors’ confidence in its business environment and growth prospects.
In the first two months， total FDI inflow dropped 1.35 percent to $17.48 billion from the same period last year.
“Our general estimate is that FDI will remain steady for the whole year， which means significant rises and drops are not likely，” Shen said.
Overseas direct investment by Chinese companies， excluding investment in the financial sector， surged by a robust 147.3 percent year on year to $18.39 billion in the first two months.
Confidence Boost
Amid growing public concern about inflation， Chinese entrepreneurs and bankers are more confident about the country’s economic outlook. The entrepreneurs’ confidence index rose 7.6 percentage points to 68 percent in the first quarter this year from the fourth quarter in 2012， the People’s Bank of China （PBC） said in a report， citing results from a survey of over 5，700 local entrepreneurs.
In a separate report based on a survey of 3，100 bankers， the PBC said their confidence index was up 17.2 percentage points to 72.2 percent from the previous quarter.
Though the country’s economy is improving， the PBC survey found that more people are concerned about price rises.
Of the 20，000 savers the bank surveyed， around 62.1 percent considered prices high， while 68 percent described housing prices as “high and hard to accept.”
Resource Shortage
A research report released on March 19 warns of growing pressure on essential resources in a densely populated area in north China.
With a population of 104 million， the Beijing-Tianjin-Hebei Province region is currently facing grave tensions in water supplies and garbage processing， according to a blue book issued by the Chinese Academy of Social Sciences.
In Beijing， per-capita water resources stood at 119 cubic meters in 2011， much lower than the internationally recognized water shortage warning line of 1，000 cubic meters. Tianjin and Hebei also face a similar situation.
The report also forecasts that Beijing will have to allocate another 213 hectares of land to bury additional garbage by 2020.
Meanwhile， the size of the population in the region， which is already contributing to these issues， will further expand. The report estimates that the region would be home to 112 million people by 2015， although the ideal population should not exceed 98 million.
Beijing New Airport
Beijing plans to build a new airport in its southern suburbs in Daxing District， which borders Hebei Province.
Construction on the new airport is expected to start in 2014， and preparation work is already underway， said Shao Heng， deputy chief of the government office of Daxing District， on March 19.
The new airport will serve as an engine for Beijing’s economic development and a new landmark for the capital， according to the Beijing Municipal Commission of Development and Reform.
Meanwhile， an air transportrelated economic zone is also planned， with an investment of 84 billion yuan （$13.39 billion）， Shao said. Upon completion， the new airport is expected to alleviate traffic pressure on the Beijing Capital International Airport， which remained the world’s second busiest airport in 2012 in terms of passenger throughput.
Highest-Volt Transformer
A 397-ton transformer was carried to a dock in Huzhou， east China’s Zhejiang Province.
The 3，000-megavolt transformer， the largest in capacity in China， will be transported to the Zhejiang North Transformer Substation and will become an important link in the power transmission project from Huainan， Anhui Province to Shanghai.
Numbers
$1.18 tln
The value of China’s exports of mechanical and electronic products in 2012， taking up a greater share of the global market
4，400
The number of FJ Cruiser vehicles that Japanese automaker Toyota will recall in China over seat belt flaws
22 bln yuan
Money that Tibet Autonomous Region will invest in transport construction this year
$1.59 bln
The amount of trade between south China’s Guangxi Zhuang Autonomous Region and ASEAN in January and February