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Archive for February, 2009

China, Brazil sign oil deal

Brazil has agreed to supply up to 100,000 barrels of oil per day to China, the head of Brazil’s State-owned oil and gas giant Petrobras said on Thursday. The Brazilian company also signed an agreement for a $10 ... Read More

China, Congo celebrate 45th anniversary of diplomatic ties

A reception was held here Friday to mark the 45th anniversary of the establishment of diplomatic relations between China and the Republic of Congo. The reception was jointly hosted by the Chinese People’s Association ... Read More

Clinton to China: Avoid our mistakes in climate

Visiting US Secretary of State Hillary Clinton pushed forward a US-China partnership on fighting the global warming here on Saturday, as environmental deterioration has become a security issue for the world. “The ... Read More

Oil firms set to cash in on forex surplus

China’s oil and gas companies could soon benefit from the government’s plan to make better use of its vast foreign exchange reserves, industry journal China Petroleum Daily reported on Friday. As part of the ... Read More

China’s textile, clothing exports growth slows down

China sold abroad $185.1 billion worth of textiles and clothing (including yarn, fabrics, textile products, garments and accessories) in 2008, a growth of 8.2 percent on the previous year, the General Administration of ... Read More

China draft law of social insurance draws nationwide debate

INSIDE CHINA China’s draft law on social insurance, which aims to create a universal safety net for all the country’s 1.3 billion people, has fueled nationwide debate since it was opened to public comment last ... Read More

Chinese private enterprises pioneer in Africa

In 2008, trade volume between China and Africa reached 106.8 billion USD, marking that the goal proposed by the Beijing Summit for the Forum on China-Africa Cooperation “to push China-Africa trade volume to 100 ... Read More

More developing nations urged in Security Council

China on Thursday called for a greater representation of developing countries, in particular those from Africa, in a reformed UN Security Council. “In the reform of the Security Council, priority should be given to ... Read More

Plan to cap pay for SOE executives

A draft of a general regulation to cap salaries of high-level executives in State-owned enterprises (SOEs) will be submitted to the State Council for approval soon, an expert said yesterday. The new regulation, drafted by ... Read More

Listed firms see revenue erosion

The 936 listed companies that have announced their earnings estimates have indicated that they expect steep declines or losses in revenue for 2008. Including the 56 companies that have released their annual reports, the ... Read More

China applies green index to foreign investment

China will add an environmental protection index and a land-use intensity index to the evaluation of foreign-funded enterprises so foreign capital can be used more effectively, the Foreign Investment Office of the Ministry ... Read More

Govt boost for light, petrochem

The government approved a slew of measures, including hikes in export tax rebate and credit support, to help the light and petrochemical industries. The move is expected to spur economic activity to beat the effects of the ... Read More

Brazil to supply up to 100,000 barrels of oil daily to China

Brazil has agreed to supply up to 100,000 barrels of oil per day to China, the head of Brazil’s state-owned oil and gas giant Petrobras announced Thursday. Petrobras has agreed with China’s state-owned oil ... Read More

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