Wednesday, January 21, 2009

China to Spend $124b On Healthcare Reform

The Chinese government will spend 850 billion yuan ($124.26 billion) in the next three years to provide accessible and affordable healthcare to the country's 1.3 billion people.


See how, "Primary healthcare and medical services will become accessible to more people (and) people's medical expenses will be visibly reduced."

China to Unveil Petrochemical Stimulus Package

China is expected to announce a 500-billion-yuan stimulus package for the struggling petrochemical industry.

The proposed package will be submitted to the State Council for approval soon. Sources with China Petroleum and Chemical Industry Association (CPCIA) said it is expected to be announced after the Chinese Lunar New Year.

"The package will focus on oil products restructuring and improvement on technology," an industry insider, who declined to be named, said.

Click here to read about the details.

China's Economy Grows 9 Pct in 2008

China's GDP reached 30.0670 trillion yuan in 2008, up 9 percent year on year.

Even though the growth was the slowest since 2001, when an annual rate of 8.3 percent was recorded, China's performance was better than the average growth for the world economy. How much better?