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China’s economic growth is likely to stay high but “may moderately slow down” this year, according to the country’s central bank. The economy would be affected by a decelerated world economy, weakened by ... Read More

Standard & Poor’s Ratings Services said on Friday that its ratings on the China Construction Bank (CCB) Corp. were not affected by a recent CCB announcement about Bank of America’s proposal to buy CCB ... Read More

The World Bank said in Washington on Thursday that it will provide extra 1.2 billion dollars in grants and loans to help overcome the global food crisis. To address immediate and longer-term food challenges, the Bank said it ... Read More

CNOOC Ltd, China’s biggest offshore oil producer, said overseas acquisitions won’t be the main driver of future growth. The company will rely on existing businesses as its growth engine while overseas asset ... Read More

China’s largest steelmaker Baosteel Group may buy a stake in Australian iron ore miner Fortescue Metals Group Ltd to ensure stable raw materials supply. “Baosteel will seek a stake in Fortescue when both sides reach ... Read More

China’s largest refiner Sinopec said it would increase its oil processing and halt oil products exports in the third quarter to ensure domestic supply. “Sinopec will raise production, halt exports and adjust product ... Read More

Guangdong province will earmark 4.4 billion yuan ($634 million) to reinforce 76 large and medium-sized reservoirs and 1,218 smaller ones in the next three years. All vulnerable reservoirs in the province are expected to be made ... Read More

British newspaper Financial Times published an article not long ago saying the fast-growing Asian economy and the advancing regional cooperation there are ushering in the “Asian Century”. Meanwhile, the participants ... Read More

Aluminum giant Alcoa has sought ways to minimize waste since its founder discovered how to cost-effectively refine the mineral 120 years ago. As it moves into another century the company has made considerable progress meeting ... Read More

WELLINGTON  — The free trade deal with China and mounting concern about securing food supplies are helping New Zealand in its efforts to secure agreements with major Asian economies, Radio New Zealand reported on ... Read More

China has solved issues related to people’s right to food, which is an important contribution to the world’s efforts to manage food problems, a senior Chinese diplomat said in Geneva on Thursday. The right to food ... Read More

Late afternoon buying on rumors the government was considering raising fuel oil prices reversed the stock market’s slide, pushing the Shanghai benchmark index up 2.93 percent. PetroChina, which had been languishing for ... Read More

China’s economic planning department on Thursday dismissed as a “groundless rumor” reports saying the country might liberalize the prices of refined oil and natural gas soon. “Those reports and ... Read More