Sony is to open a new design center in China as part of the Japanese electronics giant's expansion plans in one of their fastest growing markets.
China’s outstanding external debt in 2011 totaled more than $751 billion by the end of March, the highest since 1985, according to data released by the State Administration of Foreign Exchange on Tuesday.
Enterprises should be the main investors in commercial mineral projects, and government funding will not enter exploration projects that could be invested by enterprises, reported China Securities Journal, citing a guideline jointly issued by four ministries and commissions.
By the end of 2011, the total annual expenditure for urban subsistence allowances reached 65.99 billion yuan ($10.4 billion), up 25.8 percent over the previous year. A total of 66.77 billion yuan was spent on rural residents, an increase of 50 percent compared to 2010, reported People’s Daily on Monday, citing the Ministry of Civil Affairs.