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According to the results of nationwide sampling survey on 68 thousand rural households in 31 provinces (autonomous regions, municipalities) of China, it was indicated that per capita cash income of rural households reached 1,622 yuan in the first quarter, a year-on-year increase of 8.6 percent, and a real growth of 8.6 percent after deducting price factors.
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In the first quarter, value-added of the industrial enterprises above designated size (all state-owned enterprises and non-state-owned enterprises with an annual income over 5 million yuan) was up by 5.1 percent year-on-year, or 11.3 percentage points lower than that in the same period of 2008.
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Emerging Asia's capital markets are starting to stabilize and the region's relatively resilient economies should help them recover as the global crisis ebbs and investor appetite returns, says a new report from the Asian Development Bank (ADB).
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Total investment in fixed assets of the country stood at 2,812.9 billion yuan in the first quarter, a year-on-year rise of 28.8 percent. Of which, investment in fixed assets in urban and rural areas hit 2,356.2 and 456.7 billion yuan, climbing 28.6 and 29.4 percent respectively.
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In March, consumer price index dropped 1.2 percent year-on-year. Of which, urban and rural area was down by 1.4 and 0.7 percent respectively; the price of foodstuff, non-foodstuff, consumable and services descended 0.7, 1.3, 1.1 and 1.4 percent respectively. The general level of CPI decreased 0.3 percent month-on-month; the price of foodstuff was down by 0.6 percent, of the total, fresh vegetable surged 1.6 percent, while that of fresh egg dropped 0.5 percent.
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In the first quarter, the total retail sales of consumer goods reached 2,939.8 billion yuan, a year-on-year increase of 15.0 percent.
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In March, producer price index (PPI) for manufactured goods was down by 6.0 percent year-on-year; purchasing prices for raw material, fuels and power dropped by 8.9 percent.
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In early 2009, all regions and departments effectively implemented the policies and measures set by the central government on further stimulating domestic demand, promoting the sound and fast growth of national economy, and responded with tenacious spirit to the impacts from the international financial crisis, the overall national economy showed positive changes with better performance than expected.
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Fitch Ratings has commented that China's power consumption growth is likely to remain weak for 2009, although it expects the Chinese Independent Power Producers' (IPPs) profits and operating cash flows to benefit from the lower coal costs.
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The rail market in Asia Pacific has emerged as a high growth potential area with many countries in the region, especially China and India, focusing on developing their rail infrastructure and routes.
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