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• Services seen as crucial to province's economy
  Guangdong province has recently outlined a new development plan for the service sector, vowing it will be given top priority as the provincial government expects it to play a significant role in further economic growth. According to the ambitious development plan, the service industry in Guangdong will account for more than 45 percent of revenues in 2010, more than 50 percent in 2012 and 60 percent in 2020. The sector is projected to employ more than 40 percent of the province's workforce ...
• Guangdong to bolster growth with rural resources
  Guangdong province in south China has pledged to invest more than 40 billion yuan to build infrastructure projects in the province's rural areas before 2012. The projects include transportation, energy supply, telecommunications, water conservation and scientific innovation. The move aims to further improve the investment climate in the province's western, eastern and northern regions where economic development lags far behind Pearl River Delta (PRD) cities. According to Guangdong's dev ...
• China Life eyes stakes in lenders
  China Life, the country's largest life insurer, will acquire stakes in unlisted companies, particularly commercial banks and infrastructure companies, a company executive said yesterday. "We've submitted a list of investment proposals, mainly in unlisted commercial banks and infrastructure firms, to the industry regulator," said Liu Lefei, China Life's chief investment officer. Liu, however, refused to disclose more details of the proposals. Yuan Li, the spokesman for the China Insuranc ...