China's 2009 GDP Growth Targets 8%
A series of economic statistics were announced yesterday (Jan 22nd) by the National Statistics Bureau. In 2008, China's economy slowed down due to the global financial crisis, with the country's Gross domestic product (GDP) reaching over 30 trillion Yuan, merely a 9% growth, which is its lowest level since 2001, and the first time China's GDP growth fell to single-digits since 2003. Some economic experts in Guangdong said that the significant drop in the fourth quarter of last year could threaten to this year's goal of 8% GDP growth. For 2009, China's economic growth rate is expected to remain low during the first half of the year, but should start to pick up again over the summer.

Sanlu Ex-boss Gets Life for Milk Scandal
Former chairwoman and general manager of Sanlu Group, the dairy production plant at the centre of China's melamine-tainted milk scandal, was sentenced to life imprisonment on Thursday for producing and selling fake or substandard products. Two other defendants were sentenced to death and another received a death sentence with probation.

7 Major Downtown Flower Markets in Guangzhou Open This Morning
In Guangzhou yesterday evening, the Xihulu and Donghu flower markets were illuminated and this morning seven major downtown markets officially opened. Today, various entertainments including Yue Opera performances will be held at the Xihulu flower market and the Yuexiu market.