CHINA-WIRE

News from China for the rest of the world

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... 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,... 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 foreig... 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 fro... 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 e... 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 ... 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 w... 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 th... 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, Chines... 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 agree... 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 ... 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 deman... 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 Presi... Read More

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