China Technology Global Corp (fka CTGLF)

[richordietrying]

IM so glad the bashers are here, Most people on ihub who cant connect the dots are either dumber or lying through thier teeth. Bashers thanks for the cheap shares LONG AND STONG....

-4-20 11:30:31 Read 10 Degree IndustryNews
China's Total Logistics Value Exceeds RMB 3,800 Billion In 2004


It is learned from the Ministry of Commerce that the total logistics value of the whole Chinese society reached RMB 3,840 billion in 2004, up by about 30% from 2003.
According to research by the Ministry of Commerce, the Federation of Chinese Logistics & Procurement Associations and the China Logistics Information Centre, last year, logistics demand by Chinese society experienced rapid growth, up 2.9% from the year earlier; a logistics demand coefficient for the ratio of national GDP and total logistics volume reached 2.8, indicating national economic development's greater dependence on logistics and that each unit of GDP output requires the support of 2.8 units of total logistics volume. This is significantly higher than the average 1.6 in the "8th five-year plan period" and the average 1.7 in the "9th five-year plan period". But there remains a big gap between China and the developed countries, as is most clearly revealed in the higher proportion of logistics cost in GDP. Last year, the total logistics cost of Chinese society reached RMB 2,900 billion, accounting for 21% of the GDP, a proportion that is much higher than in the developed countries.
Now these numbers are from 2004 they have increased significantly for 2005 as recent reports ahow china growing 9.5% gdp.....

China holds $659.1 bln in forex reserve


BEIJING, April 14 (Xinhuanet) -- China's foreign exchange reserve reached 659.1 billion US dollars by the end of March this year, up 49.9 percent over the same period of 2004, the People's Bank of China said on Thursday.

In the January-March period this year, the foreign exchange reserve increased by 49.2 billion dollars, an increase of 12.6 billion dollars over the corresponding period of the previous year.

The country's foreign exchange reserve stood at 609.9 billion dollars at the end of 2004, ranking second in the world after Japan.

Currently, the exchange rate of US dollar against the Chinese currency RMB, or Yuan, is one dollar to 8.2765 yuan.


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