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Improving competitiveness is essential to the future prosperity of Japan’s agricultural sector, according to a new OECD report. Recent attempts to focus support on the more efficient farmers can help, but progress will be limited as long as the sector is protected from competition, the reports says.
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Industrial profits in 22 regions realized 322.7 billion yuan in the first quarter, declined 32.2 percent year-on-year, narrowed 7.3 percentage points over first two months, which have picked up.
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Continuous government support for private sector growth is of strategic importance to China if it is to build up an enterprise-led technological innovation system, says a World Bank report. "In China's existing national innovation system, state-owned enterprises and research institutes are the main performers of innovation activities; in the future, however, China's success in technological catching-up is likely to rely more on the capacity of its private sector, especially large private firms", the report concludes.
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In April, value-added of the industries above designated size (enterprises above designated size with an annual sales over 5 million yuan) went up by 7.3 percent year-on-year, or fell 1.0 percentage points month-on-month; that of generating capacities reduced 3.5 percent year-on-year, or expanded 2.2 percentage points month-on-month; that of export delivery value of industrial enterprises declined 14.3 percent, or increased 0.4 percentage points month-on-month.
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From January to April, value-added of the industrial enterprises above designated size (enterprises with an annual income over 5 million yuan) was up by 7.3 percent year-on-year, or 8.4 percentage points dropped over same period of previous year.
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The Conference Board Leading Economic Index™ (LEI) for Korea increased 0.6 percent and The Conference Board Coincident Economic Index™ (CEI) increased 0.8 percent in March.
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From January to April, the total investment in real estate development was 729.0 billion yuan, up by 4.9 percent year-on-year, and 0.8 percentage points over first three months, while that of a decrease of 27.2 percentage points over same period of previous year. Of which, investment in commercial residential buildings reached 511.4 billion yuan, 3.4 percent of increase year-on-year, picking up 0.2 percentage points over first three months, or 31.8 percentage points dropped over same period of previous year, which occupied 70.2 percent of the investment in real estate development.
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A free-trade agreement covering East and South Asia could generate around US$260 billion in additional income and pave the way for further cooperation between the two regions, says a new book from ADB.
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In April, the total retail sales of consumer goods reached 934.32 billion yuan, a year-on-year increase of 14.8 percent.
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Total investment in fixed assets of the country stood at 3,708.2 billion yuan from January to April, a year-on-year rise of 30.5 percent. Of which, state-owned and state-holding enterprises invested 1,605.5 billion yuan, surging 39.3 percent; real estate development valued at 729.0 billion yuan, went up 4.9 percent.
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