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Date:2011/09/07
China's Guangdong Provincial Changda Highway Engineering Co Ltd on Sept 5 kicked off construction of a highway project to link the Vietnamese capital Hanoi and city Haiphong.
Vice-governor of China's Guangdong province...
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Date:2011/09/08
Some Chinese provinces will face a power crunch in the winter even though electricity demand growth will be curbed by an energy-efficiency drive, an official with the China Electricity Council (CEC) said on Sept 7.
A spring power shortag...
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Date:2011/09/07
Having re-established pre-crisis growth trends, the world's developing economies could now be affected by recession in the developed countries where economic revitalization is slowing, said Supachai Panitchpakdi, secretary-general of the United ...
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Date:2011/09/08
Cooperation in port logistics across the Taiwan Straits will focus on lowering tariffs in the near future. The Chinese mainland and Taiwan need to work together to achieve a shared tariff standard, said Wang Junyou, director at Taiwan Ports Associati...
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Date:2011/09/07
The global debt crisis presents opportunities for Chinese companies planning to invest overseas amid enticing prospects for outbound direct investment (ODI), the Ministry of Commerce said on Sept 6.
Recent figures would seem to contradict the ministr...
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Date:2011/09/08
To overcome the complicated global economic woes, China's economy is in dire need of accelerating the process of transformation, said Li Yang, vice president of the Chinese Academy of Social Sciences (CASS), Sept 7 at the 15th China In...
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Date:2011/09/07
The growth rate of China's economy is likely to fall below 9 percent next year, pulled down by the deteriorating economic momentum of the largest developed countries, a senior currency regulation official said on Sept 6.
Huang Guobo, the ...
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Date:2011/09/08
During the period of Twelfth Five-Year Plan, China's government will advocate and encourage the development of high-performance steel products through tax exemption and subsidy improvement etc. it is reported that this program costing billions o...
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Date:2011/09/06
China's stocks extended losses and slipped slightly on Tuesday, as the plunging European markets and the shrinking liquidity battered the investor sentiment. The benchmark Shanghai Composite Index fell 0.33 percent, or 8.22 points, to end at 2,4...
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Date:2011/09/08
The Chinese currency Renminbi, or the yuan, strengthened 79 basis points to 6.3889 per U.S. dollar on Thursday, according to the China Foreign Exchange Trading system.
In China's foreign exchange spot market, the yuan is allowed to rise or fall...
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Date:2011/09/06
According to the report released by Xu Lejiang, the incumbent president of Baosteel, almost 95% of the global multinational investment programs in steel industry belong to joint venture and this trend may continue in future. He po...
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Date:2011/09/06
Eastern Ganzhou city has ordered three rare earth mines to halt production by year-end, according to local mining authorities.
The city issued a notice telling three of its eight major rare earth producing counties to halt production by the en...
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Date:2011/09/06
A new electricity pricing system for electric vehicles is likely to be established in pilot cities to boost China's fledging new-energy vehicle industry, experts said.
New-energy vehicles will become big electricity consumers and provide ...
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Date:2011/09/02
According to the reported released by Luo Bingsheng, an official from CISA, the global iron ore demand has been suppressed by the current stagnant world economy. Beside, in January to July of this year the giant iron ore suppliers have overestimated ...
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Date:2011/09/01
Hong Kong's total assets of the Exchange Fund went up 57.8 billion HK dollars (about 7.4 billion U. S. dollars) in July, bringing the balance to 2.491 trillion HK dollars by the end of the month, according to figures released by the Monetary Aut...
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Date:2011/09/06
China is playing a greater role in helping to maintain world economic growth, but needs currency reform and a re-balancing of its growth model. That's according to an IMF "Spillover Report", looking at the external effect of China's domesti...
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Date:2011/09/02
China will speed up opening up of its inland regions to the outside world and give full play to Xinjiang's role in the opening up to neighboring countries.
Chinese Vice-Premier Li Keqiang told officials and business leaders attending the ...
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Date:2011/09/01
According to the data released by MOFCOM on August 31, China's domestic steel price inched down 0.1% for the week ended on August 28 compared to prior week. For instance, the price for high speed wire rod with diameter of 6.5 mm and rebar with d...
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Date:2011/09/06
China's consumer prices were expected to increase at the slower pace of about 6 percent in August, driven down by stabilized food prices, economists said.
The consumer price index (CPI), a main gauge of inflation, is likely to have fallen to abo...
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Date:2011/09/02
China's cross-border trade settlements in yuan hit 1.63 trillion yuan (254.69 billion U.S. dollars) by the end of July since the program's launch in July 2009, a central bank official said on Thursday.
The People's Bank of China (PBOC...