Chinese economy to grow
After a strong performance in the last quarter of 2009, researchers believe the Chinese economy is likely to grow by 12 percent in the first quarter of 2010. China's consumer price index (CPI), a main gauge of inflation, is likely to rise 2.3 percent year on year in the first 4 months of this year.

New credit may exceed govt target
China's new credit in 2010 may well exceed the central government-set target of 7.5 trillion yuan ($1.1 trillion) as urban investment in fixed assets continues to grow on a large scale. In the first two months of this year, urban investment in fixed assets reached 1.3 trillion yuan, up 26.6 percent year-on-year according to the National Bureau of Statistics (NBS).

Shenzhen, Foshan, Zhuhai Reach USD10,000 Per-Capita GDP
Eleven Chinese cities now boast a GDP per-capi  ta of over USD 10,000. The combined population of these cities is more than 100 million people. The first Chinese cities to hit the 10,000 dollar-mark were Shenzhen and Suzhou in 2007, followed by Wuxi, Foshan and Shanghai in 2008.

GD-HK Cooperation Framework Agreement to be Signed
A framework agreement on Guangdong-Hong Kong Cooperation will be signed on Wednesday in Beijing, according the HK government on Monday. The framework agreement translates into concrete policies and measures, the macro strategies laid down in the "Outline of the Plan for the Reform and Development of the Pearl River Delta".

The U.S government to penalize Toyota
The U.S. government said on Monday that it will seek as much as 16.3 million dollars of civil penalties against Toyota over the massive recalls. The fine would be the largest civil penalty assessed by the U.S. government against an automaker. Toyota has two weeks to respond to the proposed fine.