Revenues in Asia Pacific grew 9 percent, making it the region with the fastest growth for the sixth consecutive year. Korea and India are part of the member firms that have grown over 20 percent. Deloitte China has grown by 8 percent. The market share of the Fortune Global 500 rose 2 percentage points in the Asia-Pacific. The Deloitte member firms have also contributed to the achievement of some of the largest IPO on the markets.
Fixed Asset Investments in China during the first eight months increased by 24.8% yoy to reach 14,100 billion yuan, the National Bureau of Statistics (NBS) said on Saturday.
The growth rate was 0.1 percentage point lower than that for the first seven months.The investments in the state and controlled by the state rose 20.0% to 5850 billion yuan.
Investments in the property market rose by 36.7% to 2,840 billion yuan during the first eight months.
Investment in projects of the central government rose by 11.4% to 1120 billion yuan, while investment in projects of local governments increased by 26.1% to 12,980 billion yuan during the first eight months .
Foreign investment rose 2.5% to 488.7 billion yuan from January to August over a year. Investment from Hong Kong, Macao and Taiwan rose 15.8% to 445.4 billion yuan. The domestic business investment rose by 26.3% to 13,110 billion yuan.
Agricultural Bank of China Governor Zhang Yun:
The Agricultural Bank of China will participate in the strategic placement of investors in their respective areas of expertise to lead at their technological level and rich management expertise. I believe these investors that join the Bank will help promote sound corporate governance, improve internal control standards , improve existing products , technologies, and improve staff quality. This will help our world-class banks to move , and ultimately enhance our value .
China- According to investment financial specialist SUN Hong-Tao Dong, the most important global macroeconomic changes of the global economy are entering a long period of deleveraging. In China the deleveraging process will continue for 3-5 years , at least to 2012. The European economy the deleveraging process will be longer with some estimated it to last 5-10 years. The deleverageing process has long term implications for Chinese stock markets.
One implication is that low-income groups in proportion to the national income distribution will gradually rise. The low-end Chinese consumer goods and services will be the biggest winner in the next few years the stock market .