More new apartments sold in Guangzhou in July

    穗楼市7月新盘放量

        Statistics show that 6,500 new apartments came into the real estate market of Guangzhou in July, as eased to some extent the tension between supply and demand.

        June witnessed a shrinking supply of new houses due to the World Cup fever. The total floor area that month only reached 213,000 square meters, down 67.7% on a year-on-year basis.

        It is a good time for buyers to purchase self-use apartments, said experts, because the real estate prices are expected not to go down dramatically in the short run.

        GZ enterprises more than half of Guangdong's Top 50

    粤企业50强过半是广州企业

        Twenty-six Guangzhou companies have been listed in Guangdong province's Top 50 businesses of 2005. The list was jointly published yesterday by the provincial Bureau of Statistics and Guangdong's Provincial Economy & Trade Committee.

        In 2005, business income of the province's 50 largest enterprises all exceeded 10 billion yuan, while those of companies in Guangzhou totalled 772.9 billion yuan; 51% of total income in the province.

        Total business income in the Top 50 was 1,505 billion yuan, up 265 billion yuan over 2004. Total assets were 2,696 billion yuan, up 14.9% over 2004, and total profits were 103 billion yuan, also up 12.8% over the previous year.

        Guangdong's GDP Increasing by 14.4% in Jan-Jun

    广东上半年GDP增长14.4%

        Huang Huahua, Governor of Guangdong Province, said that the economy of Guangdong Province saw a rapid and rational development in the first half of this year.

        In Jan-Jun, 2006, the GDP of Guangdong Province hit 1156.532 billion RMB, up 14.4 percent year on year. The value added of large industries reached 486.78 billion RMB, with an increase of 18.5 compared with the same time of last year. Meanwhile, the total investment in fixed assets reached 323.089 billion RMB, the export value reached 131.2 billion USD and the financial revenue reached 248.2 billion RMB, increasing by 20.5 percent, 28.3 percent, and 14.1 percent respectively.

        Bottled gas price rises to 83 yuan

    全省瓶装气均价涨至83元

       Prices of bottled natural gas have rebounded to 83 yuan in Guangdong due to insufficient supply.

       After hitting the highest in the middle of January, the prices experienced a slow downward trend from 104 yuan to 80 yuan on July 11.

        Three reasons account for the rebound, according to experts. First, it is natural to have such a rebound since the price decline has lasted for as long as half a year.

        Secondly, the price increase is also a result of floods caused by several typhoons in the province because most of the gas supply are transported by ship.

        The fact crude oil prices remain high also explains the price rise.

        Guangdong IT output exceeds 1 trn yuan

    广东IT出口超1万亿元

       Guangdong is undoubtedly the country's leading producer of IT products, having passed the 1 trillion yuan mark last year, according to several PRD newspapers.

       Statistics released by the provincial government publicity office show that in 2005 Guangdong generated 1.15 trillion yuan in IT industry output value, accounting for 33.32 per cent of the national total and equaling the combined IT output value of Jiangsu and Shanghai, which followed in second and third place.

       It took nine years for Guangdong to increase its IT output value from 10 billion yuan to 100 billion yuan, but only three years from 100 billion yuan to 500 billion yuan. Doubling that number again took only a little more than two years, according to the reports.