Archive for February, 2009
China adopts Food Safety Law
China’s top legislature approved the Food Safety Law on Saturday, providing a legal basis for the government to strengthen food safety control “from the production line to the dining table.” The law, which ... Read More
Hu writes new chapter in China-Africa friendship
President Hu Jintao said Monday that China will take steps at home and intensify cooperation with African countries to combat the global economic downturn. Addressing more than 1,200 college students, professionals, ... Read More
Waiting Game for Chinalco’s Rio Tinto Deal
Chinalco’s plan to boost its investment in Australian miner Rio Tinto is getting supporters, skeptics and lengthy scrutiny. By staff reporters Yan Jiangning and Zhao Jianfei Australia’s foreign investment authorities ... Read More
China Denies Funding Acquisitions Abroad
A Chinese senior official on Friday denied charges that China was funding domestic mining firms to seek acquisitions abroad. The recent spate of Chinese mining firms buying foreign resources arose from the companies’ ... Read More
China needs $839b for social welfare by 2020
A government think tank said China had to invest 5.74 trillion yuan (US$839.35 billion) by 2020 in constructing an all-round social welfare system to enhance people’s livelihood. The figure is estimated in a report ... Read More
China doubles energy-efficient light bulb subsidy for 2009
The Chinese government has doubled the quota for subsidized energy-efficient light bulbs this year, stepping up efforts to save energy and reduce pollution. The government would subsidize 100 million energy-efficient light ... Read More
China’s Position on Ivory Trade
Recently, several Chinese nationals were found in possession of ivory bangles, necklaces during their transit in Jomo Kenyatta International Airport, through which exaggeration and misinterpretation within some local NGOs ... Read More
China sovereign fund posts 5% investment return
China Investment Corp (CIC), the nation’s $200 billion sovereign wealth fund, made a profit of $10 billion in 2008, Shanghai Securities News quoted an unnamed source as saying. That would put the CIC’s annual return ... Read More
China Speeding up Overseas Acquisitions
Chinese companies are increasingly stretching their influence into foreign natural resources, with Australia as the top target. By staff reporter Cao Zhen During the first two months of 2009, Chinese companies launched 22 ... Read More
China, U.S. to integrate dialogues, work on economy, climate change
China and the United States on Saturday agreed to establish a dialogue on strategic and economic issues and pledged to work together to tackle the global financial crisis and climate change. The agreement came out of a flurry ... Read More
Top Chinese political advisor meets Cambodian King
Jia Qinglin, chairman of the National Committee of the Chinese People’s Political Consultative Conference, met here Friday with visiting Cambodian King Norodom Sihamoni. Jia spoke highly of the contribution of the ... Read More
China’s copper imports, exports down upon declining demand
China’s imports and exports of copper (including unwrought copper and copper products) went down 4.3 percent year-on-year to 3.257 million tons in 2008, as financial crisis had bitten into demand both at home and abroad, ... Read More
Yiwu sees fruits of Sino-African ties
Sylla Souleymane buries himself in his business and hardly has time to watch TV. But the Malian businessman made an exception this time - he was glued to the TV all night watching the news about President Hu Jintao’s Mali ... Read More