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  • Chinese SOEs to be barred from property development
  • 2010-03-19
  • China's government is set to order some central state-owned enterprises (SOEs) to quit real estate business as their land acquisitions are blamed for fuelling rise of urban housing prices, spokesman of the state assets watchdog Du Yuanquan said Thursday. The ...
  • GM China to recall 7,942 Cadillac CTS cars
  • 2010-03-19
  • GM China Investment Co., Ltd. is to recall 7,942 imported Cadillac CTS cars in the Chinese mainland from April 28 due to possible brake fluid leakages, China's quality watchdog said Thursday. The rubber part of the brake lining could trap water with impure ch ...
  • China's SOEs see big profit jump in Jan-Feb
  • 2010-03-19
  • China's state-owned enterprises (SOEs) profited 250.32 billion yuan (36.7 billion U.S. dollars) in total in the first two months of this year, the Ministry of Finance said Thursday. A statement posted on the ministry's website said the total profit of the cou ...
  • China rejects criticism on yuan, defends exchange rate policy
  • 2010-03-19
  • China on Thursday defended its exchange rate policy, saying the value of its currency, the renminbi (RMB), was not the major cause of the U.S. trade deficit with China. "It is unfair and harmful to continuously depreciate a country's own currency and ask ...
  • HK exporters confidence continues to improve
  • 2010-03-18
  • HONG KONG - The confidence level of Hong Kong exporters has improved over the past few months, according to a survey released Tuesday by the Hong Kong Trade Development Council (HKTDC). The HKTDC Export Index increased to 55.1 in the first quarter. This marks ...
  • Stop, think before going global
  • 2010-03-18
  • China's outbound direct investment (ODI) jumped $2.7 billion in 2002 to $43.3 billion in 2009. Its accumulated ODI net stock volume rose more than six times from $29.9 billion in 2002 to $183.97 billion in 2008. Assets under China Investment Corporation's ma ...
  • China's economy to grow 9.5% in 2010: World Bank forecast
  • 2010-03-18
  • China's economy would expand 9.5 percent this year, fuelled by a transformed growth model featuring less government-led investment, a recovery in exports and solid domestic consumption, the World Bank (WB) said in a report released Wednesday. The projection, ...
  • China to build new port to boost Inner Mongolia's coal output
  • 2010-03-18
  • The landlocked coal-rich Inner Mongolia in north China will soon have an open access to ship its coal from a port in its neighboring province to fuel-thirsty customers in eastern and southern regions. A port terminal to be built in Huludao, Liaoning Province, ...
  • Asia's first-ever EUREKA conference held in S Korea
  • 2010-03-18
  • Asia's first-ever EUREKA Day event, a European-led research and development (R&D) conference, was held here Wednesday, enhancing cooperation in investment and technology between the two regions, the South Korean government said. The Ministry of Knowledge ...
  • OPEC decides to keep oil output steady
  • 2010-03-18
  • OPEC oil ministers decided on Wednesday to keep their output unchanged. The decision was declared at the end of a conference of the 12- nation Organization of the Petroleum Exporting Countries. This is the fifth consecutive time since last year that OPEC dec ...
  • Yuan 'not cause of US woes'
  • 2010-03-17
  • Deficit result of low savings, high consumption BEIJING: A top government policy adviser has said the value of the Chinese currency is not the reason for the US trade deficit, and that Washington should restructure its economy if it wants to improve its trade ...
  • China's trade surplus with US misread
  • 2010-03-17
  • China's large trade surplus is often used by the United States to argue why China should allow its currency to rise. Yet most US officials ignore a very important fact: a majority of China's exports to the US are produced by US-funded companies and huge profi ...
  • Economic planner rules out imminent start on east China maglev line
  • 2010-03-17
  • Officials in east China's Zhejiang Province have ruled out this year for starting construction of a maglev train service between the provincial capital, Hangzhou, and Shanghai. A statement from the provincial development and reform commission Tuesday said the ...
  • China's Suning reports soaring net profit in 2009
  • 2010-03-17
  • Suning Appliance Co. Ltd., an electronics retailing giant in China, Tuesday reported that its net profit in 2009 reached 2.89 billion yuan (423.6 million U.S. dollars), up 33.17 percent year on year. In its annual business report filed to the Shenzhen Stock E ...
  • EU to review trade policy towards developing countries
  • 2010-03-17
  • The European Commission on Tuesday launched a public consultation on review of the European Union (EU)'s trade policy towards developing countries. EU Trade Commissioner Karel De Gucht announced the launch of the consultation at a conference, which was design ...
  • Business between Australia and China set to get better
  • 2010-03-16
  • Australian Minister for Resources, Energy and Tourism told industry leaders from Australia and China on Tuesday that business between the two countries is good and set to get better. Addressing the Australia China Business Council's Canberra Networking Day at ...
  • China denies yuan behind US trade gap
  • 2010-03-16
  • China on Tuesday shunned mounting US demands for a stronger yuan, saying again that renminbi is not the cause of China’s big trade surplus and vowing to keep the currency stable to shore up exports. "If the exchange rate issue is politicized, then ...
  • Obama is 'playing with fire' over yuan
  • 2010-03-16
  • US President Barack Obama's pressure on China over its currency's exchange rate is a manifestation of hypocrisy from the West and will not work, a British economist has said. "The president is playing with fire... Obama really should tread carefully. At ...
  • Five tough challenges for China
  • 2010-03-16
  • This year's sessions of the National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC) has come during an important moment of China's history. China has not only weathered the global economic crisis, but also achieved ...
  • China's exports on track of recovery - official
  • 2010-03-16
  • China's export is witnessing a steady recovery as shown by February figures, but uncertainties in the external market could still hamper the revival, political advisors said in Beijing Thursday. China's exports grew for the third straight month in February, u ...
  • Beijing Jan-Feb foreign trade value up 70%
  • 2010-03-16
  • BEIJING - Foreign trade value in the Chinese capital rose 70 percent year-on-year to $42.2 billion in January and February, Beijing's customs authorities said Saturday. Export value in the first two months of 2010 stood at $8.06 billion, up 10.7 percent from ...
  • China faces most complicated year
  • 2010-03-16
  • BEIJING - Chinese Premier Wen Jiabao said on Sunday that China is facing the "most complicated" economic conditions this year, and it will be "very cautious and flexible" in choosing the timing of the stimulus exist to shore up the hard-won ...
  • Banks barred from index futures investment
  • 2010-03-15
  • The China Banking Regulatory Commission announced Monday in a statement on its website that commercial banks were not allowed to invest in the soon-to-be-launched stock index futures trading. According to law, commercial banks are not permitted to participate ...
  • Chinese companies to bid on U.S. high-speed railway projects
  • 2010-03-15
  • Chinese companies plan to bid for contracts of building high-speed railways in the United States as China is willing to share its advanced technologies, a senior official said on Saturday. "We have organized related companies to take part in bidding, and ...
  • ECCT urges Taipei to sign trade pact with the mainland
  • 2010-03-12
  • CEPA agreement signed between Hong Kong and the mainland cited as a viable example The European Chamber of Commerce Taipei (ECCT) has urged Taiwan's government to sign a proposed economic cooperation framework agreement (ECFA) with the mainland as soon as pos ...
  • Japan tuna brokers rally against bluefin trade ban
  • 2010-03-12
  • TOKYO - Tuna brokers at Japan's largest fish market protested a proposed international trade ban on Atlantic bluefin tuna Thursday, saying it would unfairly hit Japan and its massive tuna market. Raw tuna is a key ingredient in traditional dishes such as sush ...