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Archive for July, 2007

China-Africa Fund Starts with US$ 1 Billion

China Development Bank (CDB) has launched the China-Africa Development Fund, fulfilling a promise made by President Hu Jintao during a China-Africa summit last November. With an initial US$ 1 billion for its first phase, ... Read More

Two Mozambique Projects Undertaken by the Group Corporation finish

In July 20th the completion ceremony of Mozambique Quelimane water supply system and Licuari water disposal installation undertaken by the Eleventh Bureau held in Nikodala Water Supply Center. Mozambique President ... Read More

China Eximbank was awarded once again the Asia’s Best Export Credit Agency in Asia

Recently, Trade Finance, a world-renowned magazine, held the second award ceremony for Asia in Hong Kong, presenting a number of prizes including Asia’s Best Export Credit Agency, Best Trade Bank, Asia’s Best ... Read More

Oil refiners seek gasoline price hike

In response to another round of rising global crude prices, China’s top oil producers are considering seeking approval from the National Development and Reform Commission (NDRC) to increase prices of gasoline ... Read More

Hong Kong Targets Africa as a New Business Destination

The UN Development Programme announced today the successful conclusion to the forum highlighting Hong Kong’s role in Sino-African relations. Hong Kong is an emerging platform tightening the economic ties between ... Read More

Nation to levy tax on oil exports by foreign partners

Tax on oil exports Tax will be levied from August 1 on crude oil exports by foreign partners in offshore exploration joint ventures, the government said last Tuesday. But it will grant companies a five-year holiday from ... Read More

Scientists Say Climate Change Reducing Flow of Rivers

Climate change linked to the contraction of wetlands at the source of the country’s two longest rivers, the Yangtze and the Yellow, has reduced the volume of water flowing in them, scientists said. Scientists from ... Read More

Trade pact with Chile expected

China and Chile are expected to ink a free trade agreement (FTA) on investment and services next year, according to senior Chilean officials. “We expect the two sides to sign the agreement for the second phase of a ... Read More

Carbon challenge

China’s efforts to reduce greenhouse gas emissions are shifting, say experts, from a focus on easier targets to addressing the more challenging tasks. The country initially concentrated on controlling HFC23, a gas ... Read More

Eco-friendly opportunities at Asian carbon trade fair

The Carbon Forum Asia 2007 Trade Fair & Conference, a major platform for emissions trading, carbon reduction solutions and new technologies, will be held from November 6 to 7 at Suntec International Convention and ... Read More

Madagascar Invites More Investment from China

Madagascar, lying off the southeastern coast of Africa, is the fourth largest island in the world. Many rare species of flora and fauna inhabit the island, quite a few of which are hard to find elsewhere, hence the name ... Read More

Macao given wider access

The central government yesterday granted Macao-based companies larger access to the Chinese mainland market in 11 more industries by signing a new supplement to the Closer Economic Partnership Arrangement (CEPA) with the ... Read More

The Group Corporation Won the Bid One After Another Ethiopian Three Road Projects

Recently, the Group Corporation received one after another the written notices of three   Ethiopian three road projects issued by Ethiopiam Road Bureau.   The three road items are loaned by the World Bank, they are: ... Read More

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