China's iron ore imports will grow 6% this year, predicted Xu Xu, director of the China Chamber of Commerce of Metals Minerals & Chemicals Importers & Exporters. Xu also forecasted the nation's steel output to reach 670 million tons in 2011.
UBS Securities has lowered its forecast for China's GDP growth in 2011 to 9.3% from 9.6% due to rising oil prices that would disrupt the export sector.
Revenue of China's engineering and machinery industry is expected to have totaled ¥400 billion in 2010 and to be ¥900 billion by 2015, predicted industry experts.
Yuan-denominated new loans in Shenzhen rose 14.37% year on year to ¥13.42 billion in February, said the central bank.
7-Eleven said it plans to open 50 stores in Sichuan provincial capital Chengdu this year.
British retailer Tesco has signed a deal to open its fourth supermarket in Anhui provincial capital Hefei.
$1 = ¥6.57