China growth rate to hit 12% in Q1: experts
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China's business press carried the following stories on Tuesday. China.org.cn has not checked the stories and does not vouch for their accuracy.
China growth rate to hit 12% in Q1: experts -- China Securities Journal
When economic data for Q1 2010 are released in mid-April GDP growth may reach 11 or even 12 percent. But this is not a sign of an overheating economy, because the growth rates may fall back after Q2, according to Fan Jianping, director of economic forecasting at the State Information Center.
According to a report released by CICC (China International Capital Co. Ltd.), the March CPI figure should be around 2.6 percent.
Some experts forecast that credit will increase by between 500 billion yuan (US$73.24 billion) and 700 billion yuan (US$102.55 billion). The overall figure for Q1 is expected to be 2.6 trillion yuan (US$380.87 billon).
Home brands to join hands with US enterprise on new energy cars – hexun.com
Chery and Beijing Automobile Works, two home brand automakers, will exhibit products developed jointly with US Better Place at the 2010 Beijing International Automotive Exhibition to be held April 25 -May 2, according to hexun.com.
Hexun says Better Place focuses on the popularization of electric cars and the optimum usage of energy.
Jin Gebo, assistant to the general manager of Chery, confirmed Chery's cooperation with Better Place, "But the items we will exhibit are technical equipment, not end products."
Beijing Automobile Works said that they are negotiating with Better Place, but that no further details could be released at the moment.
Huawei in talks on purchasing part of Motorola's business – Oriental Morning Post
Huawei Technologies Co. Ltd, a Chinese communications equipment maker, is in talks with US defense and intelligence agencies over a possible purchase of Motorola's mobile network infrastructure business, according to the UK Financial Times.
Huawei is considering signing a "mitigation agreement" with the US government.
Motorola has been considering a possible sale of its mobile network infrastructure business for some time. Huawei, Ericsson and other major manufacturers of mobile network equipment are regarded as potential buyers.
