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Date:2012/01/13
Revenues from customs duties in China jumped 29 percent year-on-year to more than 1.61 trillion yuan ($256 billion) last year, Yu Guangzhou, chief of the General Administration of Customs said Thursday.
Yu ascribed the revenue surge to the higher pr...
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Date:2012/01/17
The trade between China and the United Arab Emirates (UAE) grew steadily in the past decade and is expected to reach $35 billion in 2011 despite the global economic downturn, thus placing the UAE as the second largest trading partner of China in the ...
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Date:2012/01/13
Inflation eased to a 15-month low in December, further fueling speculation that the government may ease monetary policy.
Consumer price inflation of 4.1 percent, from the same month last year, saw the continuation of an easing trend over the last fiv...
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Date:2012/01/17
Visiting Chinese Premier Wen Jiabao urged Saudi and Chinese enterprises to expand cooperation and mutual investment here Sunday.
Wen made the remarks while meeting Saudi entrepreneurs, including Abdul Rahman Al-Jeraisy, president of the Saudi Arabia...
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Date:2012/01/12
China's Producer Price Index (PPI), a main gauge of inflation at the wholesale level, rose 1.7 percent in December year-on-year, the National Bureau of Statistics (NBS) said Thursday.
The reading eased further from November's 2.7-percent gr...
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Date:2012/01/17
China aims to increase coal-bed methane output this year while avoiding coal mine gas leak accidents, a senior official said Monday.
The country's coal-bed methane output is expected to reach 15.5 billion cubic meters in 2012, up from 11.5 bill...
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Date:2012/01/12
China's cross-border trade settlement in yuan under current accounts hit 2.58 trillion yuan ($408 billion) by the end of 2011 since China launched the pilot program in July 2009, official figures showed on Wednesday.
By the end of 2011, China h...
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Date:2012/01/16
Visiting Chinese Premier Wen Jiabao and Secretary General of the Gulf Cooperation Council (GCC) Abdullatif al-Zayani agreed on Sunday to speed up negotiations on a free trade agreement (FTA) between the two sides.
Setting up the free trade zone will...
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Date:2012/01/12
Local governments have formed a consensus on China's overall plan to control total energy consumption, the nation's energy chief said on Wednesday.
After some revisions, the plan will be submitted to the State Council, or China's Cabi...
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Date:2012/01/16
A Chinese commercial vessel was attacked on Saturday by unidentified gunmen in the Mekong River's deadly Golden Triangle region, known for its criminal activity.
The merchant boat Shengtai 11 was shot at by firearms from the Laotian side as it ...
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Date:2012/01/12
China will soon start construction on its second installment of wind power projects for the 2011-2015 period, Liu Tienan, minister of the National Energy Bureau (NEB), has said.
The first group of wind power projects for the 2011-2015 period was ann...
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Date:2012/01/11
Chinese shares opened lower on Wednesday, with the benchmark Shanghai Composite Index down 0.12 percent, or 2.83 points, to open at 2,282.91.
The Shenzhen Component Index opened at 9,278.05, down 0.03 percent.
Source: Xinhua
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Date:2012/01/11
The Chinese currency Renminbi, or the yuan, stayed unchanged from a day earlier at 6.3171 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.
In China's foreign exchange spot market, the yuan is allowed...
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Date:2012/01/09
Vice Premier Li Keqiang on Friday called for further economic restructuring and innovation to stabilize growth and boost development amid a grim economic outlook at home and abroad.
China should stabilize economic growth and price levels while accel...
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Date:2012/01/11
China's foreign trade surged 22.5 percent in 2011 from a year earlier to $3.64 trillion, the General Administration of Customs (GAC) said Tuesday.
The country's annual trade surplus narrowed 14.5 percent year on year to $155.14 billi...
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Date:2012/01/05
The price of steel is likely to rebound this month, according to Hu Yanping, an analyst from CuSteel. The steel price usually rises at the beginning of each year, Hu said, citing 5.5 millimeter hot rolled steel, which showed January price rises each ...
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Date:2012/01/09
According to the data released by MOFCOM, the domestic raw price decreased by 0.2% last week as compared to prior week. Looking at the price in detail, the prices for bituminous coal slipped by 0.5% week over week but for brown coal and anthracite co...
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Date:2012/01/11
China will continue to boost the development of the country's less-developed western and northeastern regions, according to a statement released after an executive meeting of the State Council Monday.
The meeting, presided over by Premier Wen J...
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Date:2012/01/09
It is reported that Chongqing Steel has produced 415,037 tonnes of crude steel in December 2011, a slight increase of 1.67% compared with the same period last year. Chongqing Steel's crude steel production totaled 5.333985 million tonnes in the ...
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Date:2012/01/05
Shanxi Province-based Chinese steel group Taiyuan Iron and Steel Company (Taiyuan Steel or TISCO) has signed an agreement with another local steelmaker Xingyuan Iron and Steel Company (Xingyuan Steel) according to which Taiyuan Steel will acquire a s...