
China's GDP per capita is expected to climb to 4,000 US dollars by the end of next year, according to the 2010 social blue book issued Monday, reports Global Times.

China and Taiwan have signed the latest in a series of economic deals, amid some disquiet on the island at their ever-closer relationship. Chen Yunlin, China's top Taiwan envoy, agreed the deals with his Taiwanese counterpart on the second day of his four-day visit to the island.

The European Union has voted to extend tariffs on shoes from China and Vietnam in order to help European producers compete with cheaper imports. The tariffs, which were first introduced in 2006, will last for a further 15 months.
A number of countries in the EU were opposed to the extension.

Spain has vetoed Gibraltar’s role as interlocutor in a 2001 European Convention of data protection, right to privacy and exchange of data between member states, reports the Gibraltar Chronicle.

Spain's long-haul leisure carrier Air Comet stopped flying Tuesday, stranding thousands of passengers at airports in Spain and Latin America.

China's industrial output is expected to post an annual 11% increase in 2009 and in 2010 buoyed by the government's stimulus packages, Minister of Industry and Information Technology (MIIT) Li Yizhong said Monday. He added that industrial performance would ensure GDP growth of 8% as planned for this year and the next.

The World Trade Organization has upheld a ruling that China is illegally restricting US imports of music, films and books. The decision, issued Monday in Geneva, could force China to liberalize imports of media in the next year or face sanctions.

Two leading Greek banks, Eurobank and Alphabank, have had their credit ratings downgraded by ratings agency Standard and Poor's while the European Central Bank said there will be no bail out for debt-stricken member states.

China’s capital Beijing registry has reached 4,001,426 vehicles and 5,679,000 drivers, according to a release from the municipal government. The number of vehicles and drivers jumped 497,000 and 536,000 respectively in the last twelve months.

An Illegal fishing vessel was detected by a Royal New Zealand Air Force (RNZAF) P3K Orion in the Ross Sea on Wednesday during a routine fisheries patrol.