'Stimulus' Increase To RMB6 Trillion?
China is likely to expand its RMB4 trillion economic stimulus package to RMB5 or RMB6 trillion, Stephen Green, Head of Research of Standard Chartered, said. Green said that the government is “capable of expanding the stimulus package” and the economic recovery “would start at an earlier date and last longer” if additional capital would be made available. Some 25 per cent of the RMB4 trillion is reportedly allocated for direct investments and loan discounts.
SGS Opens Food Laboratory
Swiss-based inspection and testing company SGS Group has opened a food laboratory in Dalian, Liaoning province, state media reports. The company, called SGS-CSTC Zhangzidao Food Laboratory, “will serve agricultural and fishery companies like the Dalian Zhangzidao Fishery Group covering every aspect of production," said Richard Shentu, Executive Director of SGS-CSTC. The company is a joint venture between SGS Group and China Standard Technology Development Corp.