
China posted GDP growth of 8.9 per cent in the third quarter of the year, up from 7.9 per cent growth in the second quarter, Bloomberg reported. The growth rate, the fastest in a year, reflected heavy government stimulus spending and high lending growth. Helped by massive stimulus spending on infrastructure, urban fixed-asset investment rose 33.3 per cent in the third quarter. Industrial production rose 13.9 per cent year-on-year in September, the highest rate of growth in more than 12 … [Read more...] about China posts 8.9 per cent Q3 GDP growth
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Dubai International stays on growth track
Dubai International airport has continued to hang on to both cargo and passenger growth despite the continuing global downturn in air cargo and passenger movements with the airport holding on to its position among the world's top five hubs for international cargo volumes. Dubai Airports Cargo handled a total of 163,427 tonnes of air freight in August 2009 as compared to 158,714 tonnes in August 2008, up 2.9 per cent. … [Read more...] about Dubai International stays on growth track
Global carrier capacity growing again
Global airline capacity for September 2009 is showing positive growth for the second consecutive month, reports OAG. The world's airlines have scheduled 296.9 million seats, a rise of 1.4 per cent (4.1 million more seats) over September 2008 levels. Air cargo capacity is closely linked to passenger seat numbers as over 80 per cent of air cargo is carried in the bellies of passenger aircraft. … [Read more...] about Global carrier capacity growing again
Global semiconductor industry looking up
The global semiconductor industry is seeing growth despite rough beginnings this year. According to the Semiconductor Industry Association (SIA), worldwide chip sales reached US$22.2 billion in July 2008, up 2.8 per cent sequentially, and an increase of 7.6 per cent on-year. SIA President George Scalise notes that growing sales of consumer electronics, PCs and mobile phones— collectively accounting for 80 per cent of overall chip demand—have fueled the increase in sales, in addition to … [Read more...] about Global semiconductor industry looking up
