Archive for December, 2008
China Offers Fresh US$11 Mln Aid to Afghanistan
China and Afghanistan on Tuesday signed two agreements, under which Chinese government would provide a total of 80 million Yuan (about US$11 million) to the war-battered central Asian state. The agreements were signed here by ... Read More
China offers US$1 mln emergency aid to Palestinians
China will offer 1 million U.S. dollars cash in emergency humanitarian aid for the Palestinian National Authority to buy urgently needed material, Foreign Ministry spokesman Qin Gang said in a statement on Tuesday ... Read More
Sinopec cuts price of petrol
SINOPEC, which owns 70 percent of Shanghai’s petrol stations, is to lower fuel prices by up to 7 percent at some of its local pumps from tomorrow. Rival PetroChina cut prices last week. The cuts, the first time Sinopec ... Read More
Polluting cars to be phased out
A slew of subsidies have been introduced to promote the use of low-emission vehicles in Beijing and phase out heavy polluting ones, a senior municipal official said yesterday. Speaking at a press conference, Du Shaozhong, ... Read More
First ambassador to ASEAN appointed
China Tuesday announced the appointment of a senior woman diplomat as the first ambassador to the Association of Southeast Asian Nations (ASEAN), signaling the growing importance it attaches to the region. The ambassador, Xue ... Read More
Female diplomat appointed as first ASEAN ambassador
China has appointed Xue Hanqin as its first ambassador to the Association of South East Asian Nations (ASEAN). “To promote China-ASEAN strategic partnership and strengthen their communications and consultation, the ... Read More
3 copper executives convicted of bribery
Three former executives of the State-owned Yunnan Copper Group, China’s third-largest copper producer, were sentenced yesterday for bribery and embezzlement, with one receiving the death penalty. The Intermediate ... Read More
Chronicle of Chinese naval ships’ overseas missions
As of today, the Chinese naval ship taskforces have accomplished with flying colors such missions as supporting the test-fire of remote carrier rockets, overseas visits, exercises in the non-traditional security field, ... Read More
Two Thirds of China’s Major Steel Mills in the Red
About two thirds of China’s major steel mills were in the red in November, suffering from high prices in raw materials and the decreasing prices of steel products. Forty-eight out of 71 large and medium-sized domestic ... Read More
Shagang Won Exploitation Rights in Australia
Jiangsu Shagang Group, China’s largest private-owned steel company, has won exploitation rights to an iron ore mine in Australia. The mine has approved reserves of about 800 million tons of iron ore, and annual production ... Read More
World places great hope on China
As the financial crisis intensifies, the effects of the financial turmoil increase in step, with most of the countries left unaffected. People worry about the emerging economies and the developing countries for they are new and ... Read More
China to decide soon whether tolling is okay
CHINA, the world’s biggest metals consumer, is close to deciding whether to allow tax-free imports of copper concentrate and primary aluminum for processing into export-bound products to boost industrial production. The ... Read More
China mulls on new product oil pricing system to ensure profit margin of oil refiners
China will adopt new pricing scheme of product oil as of January 1, 2009, which will secure the profit margin of refining enterprises, said Jiang Hao with investor relations department of Sinopec. “The National ... Read More