China plans to transfer ¥3.73 trillion in fiscal revenue from the east coast to the western hinterland as government expenditure, said the finance ministry. The central government's total expenditure for this year is ¥10.22 trillion.
China's banking assets climbed 18.4% to ¥96.51 trillion by the end of February compared to a year earlier, according to the China Banking Regulatory Commission.
China's software revenue rose 23.8% year on year to ¥216.7 billion and profit rose 31% year on year to ¥27.15 billion in January-February, said the Ministry of Industry and Information Technology.
China's electricity generation capacity by wind power is expected to hit 200 billion kW by 2020, according to the China Photovoltaic Society.
China's is expected to be self sufficient in polysilicon supply in two to three years, said Wang Sicheng, an energy researcher with the National Development and Reform Commission.
China's inflation is likely to hover around 5% in 1H 2011 before edging back in 2H, predicted the National Development and Reform Commission.
China's GDP accounted for 9.5% of the world's total from 5% in 2005, said the National Bureau of Statistics.
Hainan province's duty free quota of ¥5,000 is expected to generate an additional ¥20 billion in the retail sector per year, market watchers have estimated.
$1 = ¥6.56