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Date:2012/02/10
According to the data released by MOFCOM on February 9, Chinese domestic steel price increased by 0.1% last week as compared to prior week. In detail, the price for rebar with diameter of 12 mm, steel rod with diameter of 16 mm and plate with...
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Date:2012/02/13
The Three Gorges Dam, the world's largest hydropower project, will work at full capacity by the end of May, when the last two power units will become operational, Chen Fei, general manager of the China Three Gorges Corporation, said Saturday.
I...
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Date:2012/02/14
The trade deficit of the European Union (EU) with China decreased to 132 billion euros ($174.8 billion) for the first 10 months of 2011 from 140 billion euros registered in the same period in 2010, EU's statistics office said Monday. ...
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Date:2012/02/09
China's consumer price index (CPI) rose to a three-month high of 4.5 percent in January, the National Bureau of Statistics (NBS) released on its website on Thursday. The figure is 0.4 percentage points higher than December's growth and...
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Date:2012/02/13
The US-China Business Council (USCBC) that groups major US firms doing business in China, said Friday that the two countries need to beef up efforts to advance economic ties.
"The relationship has grown significantly over the past three decades than...
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Date:2012/02/14
China's foreign exchange market saw its transaction volume hit $14.2 trillion in 2011, up four times from 2006, the country's forex regulator said Monday.
From 2007 to 2011, forex transaction volumes soared by an annual average of 40...
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Date:2012/02/09
Foreign trade of northwest China's Xinjiang Uygur autonomous region grew about 33 percent year-on-year in 2011, far above the national average on robust growth of border trade with its central Asian neighbors, the local government reported Wedne...
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Date:2012/02/13
China will try to expand the scope and scale of its government procurement program and continue to push for reforms in the area this year, China's Ministry of Finance (MOF) said Friday.
While pledging to further improve laws and regulations con...
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Date:2012/02/14
Shanghai is encouraging more foreign companies to set up microfinancing operations, the city's financial authority said on Monday, ahead of the opening of the first such organization in the municipality.
As many small companies have had difficu...
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Date:2012/02/09
More cash-rich Chinese manufacturers will surge into debt-stricken European nations as the spreading economic and financial crisis creates buying opportunities, said officials from the Ministry of Commerce.
"Chinese companies see attractive op...
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Date:2012/02/13
The government plans to introduce 500 to 1,000 high-end non-Chinese foreign professionals from other countries in 10 years to spur innovation and promote scientific research.
The One Thousand Foreign Experts Project, launched late last year, h...
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Date:2012/02/14
Experts says that China will manage to weather adversity stemming from thwarted investments and exports to achieve a soft landing in its macroeconomy this year.
The country's economy is dotted with uncertainties in 2012, as its stern prop...
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Date:2012/02/09
Chinese companies should intensify their drive to invest in Canada, especially in the energy sector, as there are tremendous opportunities, an official from the Ministry of Commerce said.
"We could anticipate the growth (of China's ...
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Date:2012/02/13
According to the data compiled by China's customs, Chinese steel product exports totaled 3.73 million t in January of 2012, decreasing by 10000 t month over month while increasing by 19.90% year over year.
During the given period, China had imp...
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Date:2012/02/14
There are no reasons why China and the United States cannot engage in friendly cooperation, Vice-President Xi Jinping said.
Xi was speaking prior to his departure for the US on Monday.
In a written interview with the Washington Post, pub...
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Date:2012/02/09
An association in China's major rare earth reserve region on Wednesday denied Japanese media reports claiming that it has agreed to cooperate on mineral business with its Okinawa counterpart.
Reports of a signed agreement of cooperation in the ...
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Date:2012/02/10
The inflation rate hit an unexpected three-month high in January as consumers increased spending during the Chinese New Year holiday.
The rate may deter policymakers from further loosening monetary policy, analysts said.
The consumer price index (CP...
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Date:2012/02/14
Accordingly, the domestic social steel inventories in Chinese 26 main cities increased by 1.118 million metric tons vs prior week to 18.489 million metric tons last week, signifying that the domestic steel inventories have hiked for seven straight we...
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Date:2012/02/09
According to the data released by CISA (China Iron and Steel Association), Chinese registered steelmakers contributed a daily crude steel output of 1.495 million metric tons in late January, rising by 1.35% from middle January. Meanwhile, Chinese ave...
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Date:2012/02/10
In order to become a more open city, Chongqing is seeking to transform its Liangjiang New Area into a free trade zone, said a director of Chongqing Bonded Port Development Co Ltd at a recent meeting, the 21st Century Business Herald reported. Once es...