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  • THE ECONOMIC OBSERVER
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    site: HOME > > Economic > China Buzz > Zeigeist
    Defense Spending, Diplomacy, and Energy Efforts

     


    The Jakart Post

    670 billion yuan
    The money that China will set aside this year for defense spending, the second highest of any single nation after the U.S.
    Bloomberg


    7.5 percent
    Premier Wen Jiabao has announced in his annual report to the NPC that the State Council plans to lower China’s growth target to 7.5 percent in 2012, signaling the end to an era of  "supercharged expansion."
    WSJ

    350,000
    The number of registered volunteers in the Shenzhen area. They plan to expand the volunteer force to 1.1 million by 2015. By using real-name registration, the city plans to track the service hours and award volunteers accordingly.
    China Daily

    4 percent
    The government plans to raise education spending to four percent of the country’s GDP this year. They hope to devote more resources to the central, western, and remote regions of China
    China Daily

    23
    ...countries try to maintain ties with Taiwan. Countries in Central America and the Caribbean have deep diplomatic ties with Taiwan.
    Christian Science Monitor

    4.2 billion dollars
    China’s reach into the U.S. energy market has been increasing over the past three years. Chinese companies have invested over $17 billion into oil and gas deals in North America. China’s investment in oil and gas acquisitions are valued at $4.2 billion so far in 2012.
    WSJ

     

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