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RMB 516 Billion
According to the Ministry of Railways statistics, China invested RMB 461 billion in railway line construction in 2011, and even more last year. The 2012 budget was first set at RMB 406 billion, but later increased to RMB 516 billion. During the 12th Five-year Plan period(2011-2015) China will earmark RMB 2.3 trillion for railway infrastructure, and plans to extend the tracks in operation to 120,000 kilometers by 2015. This includes at least 40,000 kilometers for express trains and 48,000 km in less developed western provinces.
1 Billion
Industry insiders estimate that China’s mobile phone exports exceeded 1 billion sets last year. According to the Ministry of Industry and Information Technology, China’s mobile phone production soared from 80.31 million sets to 1.13 billion sets and annual exports reached 880 million sets over the decade 2001-2011, accounting for 80 percent of global exports. Behind these colossal sales figures, however, lies the bleak fact -- only 1 percent or less of profits in the industry worldwide went to Chinese manufactures, the rest reaped by big names, most prominently Apple and Samsung.
US $10 Billion
Despite fast growth in technology exports, China’s technology trade is still seeing an average annual deficit of more than US $10 billion. Over the 2006-2011 period its technology trade volume jumped from US $22.61 billion to US $53.56 billion. In 2011 China imported 12,202 technology contracts worth US $32.16 billion, up 8.43 percent and 25.5 percent year on year, respectively.
1,000 Tons
A guideline document for the gold industry of the Ministry of Industry and Information Technology predicts that China’s gold consumption will hit 1,000 tons by 2015. For five successive years from 2007 to 2011, China produced the largest amount of gold, and its demand for gold soared, reaching 761 tons in 2011, second only to India. The domestic production of gold is estimated to be around 450 tons, implying a yawning gap between supply and demand. China’s confirmed gold ore reserves stood at 6,865 tons in 2010.
According to the Ministry of Railways statistics, China invested RMB 461 billion in railway line construction in 2011, and even more last year. The 2012 budget was first set at RMB 406 billion, but later increased to RMB 516 billion. During the 12th Five-year Plan period(2011-2015) China will earmark RMB 2.3 trillion for railway infrastructure, and plans to extend the tracks in operation to 120,000 kilometers by 2015. This includes at least 40,000 kilometers for express trains and 48,000 km in less developed western provinces.
1 Billion
Industry insiders estimate that China’s mobile phone exports exceeded 1 billion sets last year. According to the Ministry of Industry and Information Technology, China’s mobile phone production soared from 80.31 million sets to 1.13 billion sets and annual exports reached 880 million sets over the decade 2001-2011, accounting for 80 percent of global exports. Behind these colossal sales figures, however, lies the bleak fact -- only 1 percent or less of profits in the industry worldwide went to Chinese manufactures, the rest reaped by big names, most prominently Apple and Samsung.
US $10 Billion
Despite fast growth in technology exports, China’s technology trade is still seeing an average annual deficit of more than US $10 billion. Over the 2006-2011 period its technology trade volume jumped from US $22.61 billion to US $53.56 billion. In 2011 China imported 12,202 technology contracts worth US $32.16 billion, up 8.43 percent and 25.5 percent year on year, respectively.
1,000 Tons
A guideline document for the gold industry of the Ministry of Industry and Information Technology predicts that China’s gold consumption will hit 1,000 tons by 2015. For five successive years from 2007 to 2011, China produced the largest amount of gold, and its demand for gold soared, reaching 761 tons in 2011, second only to India. The domestic production of gold is estimated to be around 450 tons, implying a yawning gap between supply and demand. China’s confirmed gold ore reserves stood at 6,865 tons in 2010.