Archive for April, 2007
China’s Big Banks Struggle for Identity
BEIJING, April 30 /Xinhua-PRNewswire/ — CTR Market Research, a local market research company, says that China’s banking sector spent RMB2.4 billion (US$311 million) on advertising in 2006 — a 33% jump over the ... Read More
China Ratifies Extradition Treaty with Angola
China’s national legislature, the Standing Committee of the National People’s Congress (NPC), on Friday voted to ratify an extradition treaty with Angola. The 22-article treaty covers issues such as the types of ... Read More
Fan Jixaing Met with Kenya Government Officials
On April 25th accompanied by Deputy General Manager of International Company Ji Xiaoyong and Director of the Thirteenth Bureau He Zhansong and vice-director Qinchao, Fan Jixiang met with Kenyan Minister of Local Development, ... Read More
The Group Corporation Won the Angola Kuito Water Supply Project
After winning the first bidding of Angola Ndalatando Water Supply Project in October, 2006, the Group Corporation won the bidding of Angola Kuito water supply project, the contract reaches US＄20 million. The two items above ... Read More
Exim Bank Borrows US$500 Mln
The Import and Export Bank of China, known as Exim Bank, borrowed US$500 million from a domestic banking group on Tuesday. Eight financial institutions such as Bank of China (Hong Kong), Canada’s Bank of Montreal and ... Read More
The Group Corporation Signed Ghana BUI Power Station EPC Contract
In April 19, at 12:00 local time, General Manager of Sinohydro Corporation who had accompanied Chairman of the Chinese People’s Political Consultative Conference visiting the four countries in Africa, signed formally the ... Read More
China, Pakistan to establish investment company
China and Pakistan will create a Pakistan-China Joint Investment Company in July, according to a joint statement issued Friday. Working links will also be established between the China Investment Promotion Agency and the ... Read More
Sudan State Governor of Shimal Kurdufan Visited the Group Corporation and Signed Water supply project Cooperation Frame Agreement
In April 9th Sudan state governor of Shimal Kurdufan H.E. Dr. Faisal and Sudan ambassador stationed in China and commercial counsellor all together eight people came to visit the Group Corporation. Assistant of general manager ... Read More
Non-State firms licensed for oil import
Fifteen non-state-owned Chinese companies will be granted crude oil import licenses this year, according to an official with the Ministry of Commerce. The action is in line with China’s promise to open its oil market ... Read More
PetroChina output climbs
China’s largest oil company PetroChina said its oil and gas production in the first quarter of this year rose 3.7 percent to 277 million tons of oil equivalent. The Hong Kong and New York-listed company pumped out 209 ... Read More
Oil shipper expands fleet
China Shipping Development Co, the nation’s biggest oil shipper, said it plans to spend $92.4 million on two oil tankers to expand its fleet and tap increasing energy demand. The 46,500-ton tankers will be delivered by ... Read More
West China favors “green” investment to sustain growth
Officials in northwest China’s Shaanxi province are calling for more “green” investment and urging local governments not to sacrifice the environment on the altar of economic growth. “Governments in ... Read More
FTA talks begin in Beijing
China and Iceland kicked off talks toward a free trade agreement (FTA) in Beijing yesterday, the Ministry of Commerce said. In this round, representatives from the two countries will negotiate on trade in goods, services and ... Read More