Jun. 20, 2008 (China Knowledge) – The World Bank raised its previous forecasts for China’s economic growth to 9.8% this year, largely due to the strong growth in country’s service sector, Chinese Xinhua agency reported. Last month, the World Bank predicted the economy to expand by 9.4% this year, also down from the 9.6% it [...]
BEIJING (Reuters) – Online social network site Facebook.com has launched a version targeting mainland Chinese Web surfers to compete with local and overseas rivals in the world’s largest Internet market. Facebook users in mainland China accessing the website are redirected to http://zh-cn.facebook.com, which is in the simplified version of Chinese used on the mainland. A [...]
BEIJING, June 20 (Reuters) – Beijing’s surprise increase in diesel prices will make truckers grumble, but for the first time in weeks they may be able to fill up without rationing or queues, and the easier supply of oil will likely bolster consumption. The government said on Thursday it would raise low state-set caps on [...]