Archive for January, 2009
China hands over donation to Republic of Congo
China donated office equipment to the Republic of Congo on Friday ahead of its presidential election set in July, according to reports reaching here. Chinese Ambassador Li Shuli handed over the donation to Congolese officials ... Read More
Mali, China sign memorandum to promote tourism cooperation
Mali and China signed a memorandum of understanding on Friday to promote tourism cooperation between the countries, according to official information reaching here. Under the document inked between the Malian Ministry of ... Read More
China’s crude oil output hit 190 mln tons in 2008
China’s crude oil output rose 2.3 percent year-on-year, the highest growth in three years, to 190 million tons last year, the China Petroleum and Chemical Association said Thursday. China imported 179 million tons of ... Read More
Sacrificing rule of law no price for economic stability
Had Guangdong Province had jurisdiction over China’s largest home electronics chain Gome, chairman Huang Guangyu, China’s richest person, might be spending his Lunar New Year holiday with his family — rather ... Read More
Chinese cars gear up for emerging Philippine market
“Good morning, Manila!” That was the first sentence from Wang Juhui, a representative from China-based Lifan Motors, at the launch of the auto brand’s first showroom in the Philippines’ capital of Metro ... Read More
Bird’s Nest to become shopping center
Citic Group said here on Friday it will in three to five years build the National Stadium into an entertainment and shopping center, while seeking to hold more sports games and cultural performances. The “Bird’s ... Read More
China sets fertilizer import tariff quota for 2009
China set the import tariff quota for fertilizers this year at 13.65 million tonnes, said China’s Ministry of Commerce on Friday. The quota, under which the imported goods could enjoy favorable tarrif, included 3.3 ... Read More
China, Germany pledge joint efforts to stabilize global economy
China and Germany have vowed to make joint efforts to stabilize the global economy amid the ongoing financial and economic crisis, said a joint statement issued Thursday. The cooperation between China and Germany, the ... Read More
China may cut interest rates by 81 basis points in 2009 - UBS
China may lower the benchmark interest rates by 54-81 basis points in 2009 in an effort to ease deflationary pressure and spur growth, UBS said in a recent note. Deflation is by far the bigger threat in China this year although ... Read More
Trade Unions prepare migrant workers for job market
Trade unions at all levels are striving to help return migrant workers to locate new jobs by providing them with training courses, small loans and guidance for job hunting, according to the All-China Federation of Trade ... Read More
Frugal tone set for Oct. 1 parade
China has set a frugal tone for its once-for-a-decade dress parade on October 1 amid an economic downturn, promising that the military could strike a balance between morale-boosting spectacle and financial prudence. Colonel Cai ... Read More
China’s crude oil output hit 190 mln tons in 2008: industry association
China’s crude oil output rose 2.3 percent year-on-year, the highest growth in three years, to 190 million tons last year, the China Petroleum and Chemical Association said Thursday. China imported 179 million tons of ... Read More
Interview: “China’s involvement in Africa’s infrastructure development has fundamental, transformative impact”
Ethiopian Prime Minister Meles Zenawi emphasized here on Wednesday the importance of infrastructure to Africa’s economic development, and hailed China’s “fundamental and transformative” involvement in ... Read More