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Date:2011/09/27
China will further open up its central region to foreign investments, as a way to accelerate the country's industrial upgrading and maintain sustainable economic growth, senior central government officials said on Sept 26.
"We will contin...
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Date:2011/09/27
China said on Sept 26 it has launched an inter-provincial operation to better regulate the production of light rare earth metals in its latest effort to rein in illegal rare earth exploration.
The local governments of three regions where most of Chi...
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Date:2011/09/26
China's stocks continued a falling trend Monday, with the benchmark Shanghai Composite Index down 1.64 percent, or 39.98 points, to close at 2,393.18 points.
The Shenzhen Component Index dropped 1.99 percent, or 209.92 points, to finish a...
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Date:2011/09/27
China and India launched a Strategic Economic Dialogue on Sept 26 in a sign that both Asian powers are seeking closer economic ties despite differences over issues such as South China Sea disputes.
Analysts said that the dialogue wil...
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Date:2011/09/26
The Chinese currency Renminbi, or the yuan, gained 105 basis points to a record high of 6.3735 per U.S. dollar on Monday, according to the China Foreign Exchange Trading system.
In China's foreign exchange spot market, the yuan is allowed to ri...
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Date:2011/09/27
Chinese cities whose economies rely largely on the exploitation of natural resources must seek a new source of development to boost the nation's growth, government officials and scholars said at an Expo Central China 2011 forum on Sept 26 in Tai...
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Date:2011/09/26
Hong Kong stocks closed down 261.03 points, or 1.48 percent, at 17,407.80 on Monday.
The benchmark Hang Seng Index traded between 17,734.84 and 16, 999.54. Turnover totaled 79.18 billion HK dollars (about 10.15 billion U.S. dollars).
Source: Xi...
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Date:2011/09/27
According to the data released by NBS yesterday, in September 6 to September 20 of current year, China's iron ore price with Fe content above 56% was quoted at 839.9 yuan per ton, rising by 1.7% month over month.
Meanwhile, the price quotes for...
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Date:2011/09/26
According to the news released by Guangxi Daily, Mabiao as the governor of Guangxi province has talked with the president of WISCO Deng qilin on the acceleration of the steel base program in Fangcheng port. Both of the parties consent to the speed-up...
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Date:2011/09/27
Valin Steel has reduced loss greatly during the first half and posted a gain in the second quarter. It has gradually walked out of the woods. Now the company is in collaboration with ArcelorMittal on automobile sheets and silicon steel.Valin will enh...
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Date:2011/09/26
Tax authorities in Zhejiang province have responded to an outcry over their buying a yacht for 2.71 million yuan ($424,000) by saying it will be used to collect taxes.
Pictures of the yacht Guorui published widely on the Internet raised questi...
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Date:2011/09/27
Chinese steelmaker Hebei Iron and Steel Group established the headquarter office of Changyu iron ore project and accelerated the development of Changyu iron ore mine exploration.Hebei Iron and Steel Group as well as Chinese companies Hebei Yinghua Mi...
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Date:2011/09/26
A table measuring the harshness of a country's tax regime in 2009, which ranked the Chinese mainland high at second place, has again aroused much debate, with experts urging faster reform of the system.
According to the 2009 Tax Misery an...
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Date:2011/09/27
China saw fewer coal mine accidents and deaths in the first eight months of this year, the country's coal mine safety watchdog said Monday.The number of coal mine accidents declined 19.1 percent year-on-year in the Jan.-Aug. period while the dea...
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Date:2011/09/26
China is widely seen to be taking the lead among the so-called BRICS countries (Brazil, Russia, India, China and South Africa) in helping to relieve the pressure on the European Union, which is groaning under the weight of its sovereign debt problems...
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Date:2011/09/27
Hubei Province-based Chinese steelmaker Wuhan Iron and Steel Co.'s (WISCO) cast steel plate (CSP) plant has completed a successful trial test for production of 1.25 mm high strength ultra-thin structural steel sheet, thereby expanding its produc...
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Date:2011/09/26
China issued its first evaluation report on the Shanghai Cooperation Organization (SCO) on Sept 23 reviewing its development since it was established 10 years ago.
This report was initially released on a sideline event of the ongoing 2011 Euro-Asia ...
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Date:2011/09/27
Reportedly, China has been spending 48% more foreign currencies annually averagely in the past decades on its iron ore import, most of which were paid by domestic buyers, according to deputy Head of the Price Department of the National Development an...
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Date:2011/09/26
China's Sichuan Hongda Co. Ltd. has signed a $3 billion deal with Tanzania to mine coal and iron ore in the resource-rich east African country, local media said on Thursday. The investment involves construction of the Mchuchuma integrated coal m...
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Date:2011/09/27
Shandong Province-based Chinese steelmaker Laiwu Iron and Steel Corporation (Laiwu Steel) has announced that it has produced 31.21 mt of manganese-added cold rolled sheet in specifications of 2.0 mm, 1.5 mm and 1.2 mm at its cold rolled steel product...