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2007/01/16

30,000 specialists

China will seek to hire 30,000 overseas specialists most needed for its development in 2007, according to The Ministry of Personnel. The government will fund the hiring of 10,000 economic and technical specialists and 20,000 educational, health and scientific specialists.

1 yuan

The Jinan Spring Holiday Travel Agency in Shandong Province has been fined 150,000 yuan (US$19,180) by the local government for selling air tickets for 1 yuan (13 US cents) each. The cut-rate ticket sales violated regulations on selling discounted air tickets of the National Development and Reform Commission and the General Administration of Civil Aviation of China (CAAC).

283,500 flawed vehicles

Twenty-two foreign and domestic carmakers recalled more than 283,500 flawed vehicles in China in 2006, said an official with the State quality watchdog.

US$700 billion

An appropriate size for China’s foreign exchange reserves would be about US$700 billion, according to a senior official from the China Banking Regulatory Commission (CBRC). China’s foreign-exchange reserves are the world’s largest and recently exceeded US$1 trillion.

18,344 yuan

Urbanites in Beijing earned 18,344 yuan (US$2,352) per capita in disposable income in the first 11 months of 2006, a growth of 13.6 percent from the same period in 2005.

650 million yuan

More than 650 million yuan (US$81.25 million) has been donated to the National Aquatics Center (Water Cube), the site of the swimming events for 2008 Beijing, 60 million (US$7.5 million) of which is from Taiwan Province.



	Article featured in Business Beijing, January 2007 Publication sponsored by Information Office of the Beijing Municipal Government, Beijing Municipal Bureau of Commerce, Development & Reform Commission of Beijing Municipality, China Council for the Promotion of International Trade (Beijing Sub-Council)