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 DEVELOPMENT OF CHINA'S INDUSTRY |
| The value of contract signed by construction enterprises totaled RMB10.1142tn in 2008, RMB1.773tn more than that in the previous year, a rise of 21.3% with the growth rate down by 2.8% compared with that in 2007. |
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| STATUS OF FOREIGN INVESTMENT |
| According to the statistics of MOFCOM, 213 foreign investment projects in Construction industry(Construction Industry (Code E47,E49) hereinafter is in accordance with the National Economic Industrial Classification (GB/T4754-2202£©.) were newly set up in 2008, 44 less than that of the same period in the last year, and the amount of the actual utilized foreign capital reached USD 935,780,000, up by 142.66£¥ year-on-year. |
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| COMMITMENTS TO THE WTO AND INTERNATIONAL PRACTICES |
| In the WTO entry negotiations concerning construction industry, China, based itself as a developing country, persisted in the basic principles of mutual benefit and win-win strategy, and promised to implement the commitments China should undertake as a WTO member country, while try to achieve the maximum of protection of the development of China's construction industry. |
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| DEVELOPMENT OF GLOBAL INDUSTRIES |
| American house construction market is one of the few problems happened in 2006 global economic development. In summer of 2006, American house construction market slides down. Though decline is not so much, the biggest economic market in the world may step into depression as most people worried. |
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