Archive for April, 2009
Is China a Power?
Corey Dixon, Union Officers and Members, Ladies and Gentlemen, Thank you for inviting me to speak here. When I was a student of international politics in Kent University many years ago, I took part in a program which ... Read More
Deputy speaker: China concerned over Africa’s setbacks from global financial crisis
China is concerned over the difficulties that African countries are suffering from the global financial crisis and hope to work together with them to tide over the difficulties posed by the crisis, said a Chinese deputy ... Read More
Hundreds of Chinese to work in Fiji for Nadarivatu Hydro scheme
Fiji’s interim government has approved work permits for 100 skilled Chinese workers engaged at the Nadarivatu hydro project under the Sinohydro Corporation despite concerns raised from villagers in the area over ... Read More
Trade routes still suffer at hands of bandits
Nearly six months after the deployment of 40 warships by 20 navies to tackle the pirates plaguing the Gulf of Aden, global trade is still at the mercy of these murderous villains. Despite the multinational missions, ... Read More
Poverty at the root of piracy
Before the pirate-infested Gulf of Aden, Somalia was possibly best known around the world for the Hollywood blockbuster Black Hawk Down, which is the tale of United States troops pinned down under heavy fire after their ... Read More
PLA Navy expands its horizons in Somalia mission
After returning from China’s first anti-piracy mission yesterday, fleet commander Rear Admiral Du Jingchen admitted he had more on his mind than battling hijackers during his four-month tour off the coast of ... Read More
Three Gorges To-Do List: Mudslides to Jobs
The construction phase of the Three Gorges dam and reservoir ends this year. But follow-up tasks — and project woes — abound. Muddy misfortune has been commonplace along the banks of the central Yangtze River ... Read More
Experts: Overseas M&A deals may slow
Overseas merger and acquisition (M&A) activities by Chinese companies may slow this year, due to the global economic crisis and difficulties in raising funds, said experts and entrepreneurs yesterday at the China-US ... Read More
PetroChina net profit down 35.3% on low oil price, less demand
PetroChina Company Limited reported Monday that its net profit in the first quarter slid 35.3percent year on year, pulled down by the low price of crude oil and less demand. Net profit totaled 18.956 billion yuan (2.78 ... Read More
Banks hit by bad loan provisions
Increased provisioning for bad loans at the urging of the regulator and narrowing interest margins have hurt the profitability of major Chinese banks during the first quarter of this year. Industrial and Commercial Bank of ... Read More
CNPC buys Kazakh oil company
China National Petroleum Corp (CNPC), the country’s largest oil and gas producer, has agreed with Kazakh state oil company Kazmunaigas to jointly purchase Kazakh oil company, JSC Mangistaumunaigas (MMG), for $3.3 ... Read More
China to Tighten Government Purchases of Imported Goods
China should give preference to locally-produced goods in government procurement, the Ministry of Finance said at an April 22 meeting focused on the issue. Assistant minister Zhang Tong said at the meeting that most of the ... Read More
China, Switzerland to Consider Free Trade Pact
China and Switzerland will investigate the possibility of a bilateral free trade agreement in the second half of this year. The bilateral trade between China and Switzerland reached 11.1 billion Swiss francs (9.74 billion ... Read More