GD HK Structural Cooperation Agreement Signed
Guangdong and Hong Kong signed a Structural Cooperation Agreement this morning (April 7th) in Beijing. Chinese Vice President Xi Jinping attended the signing ceremony. The agreement is expected to link the two regions closer together, as it lays out more specific policies and measures for the two sides to cooperate on, under the Outline for the PRD Reform and Development Plan and the CEPA (Closer Economic Partnership Arrangement).

China's foreign debt grows 14.4% in 2009: SAFE
China's outstanding external debt reached 428.6 billion U.S.dollars at the end of 2009, up 14.4 percent from a year earlier according to the State Administration of Foreign Exchange. This figure excludes Hong Kong and Macao. The country's registered foreign debt reached 266.95 billion dollars, up 2.5 percent from 2008 and outstanding trade credits stood at 161.7 billion dollars.

Key inflation gauge likely to slow down in March
China's consumer price index (CPI), the main measure of inflation, may slow down in March despite pressure to rise due to the droughts in the southwestern regions. According to the Guangzhou statistic bureau, Guangzhou's CPI rose 1.7% during the first quarter of 2010 because of the rising prices of building materials and rents. Food price rose 2.8% but the service industry dropped 0.6%. 

7 Enterprises Taxed over 1 Billion in Shenzhen
The "2009 Guangdong Top 100 Taxation Enterprises" was announced today in Guangzhou. Most of the enterprises on the list are concentrated in Guangzhou and Shenzhen. 26 enterprises paid over 1 billion yuan in tax last year, seven of them are in Shenzhen. All combined, the 100 enterprises on the list paid a total of 133.968 billion yuan, an increase of 18.465 billion yuan from 2008. This accounted for 28.5% of total provincial tax revenue, an increase of 1.5 percent over that of 2008.