Archive for May, 2009
Personal Ties Turn Bitter for Sinolink Chief
A suspicious trail led investigators from key figures at the China Securities Regulatory Commission straight to Sinolink’s Lei Bo. A probe targeting securities executive Lei Bo has extended a trail of suspected corruption ... Read More
Bank of China’s Xiao on Pressure Strategy
Bank chief Xiao Gang describes how a lending surge, structural adjustment and the yuan figure in to Bank of China’s future. Bank of China Chairman Xiao Gang was known as a low-key executive before his public exposure ... Read More
Baosteel to Halve Departments, Cut Manager Jobs
Assets transaction, overseas expansion and marketing will also be given priority under the restructuring plan. Baosteel Group Corp., parent of Baoshan Iron & Steel Co. (SHA 600019), told an internal meeting it will halve ... Read More
Russian expert: China chooses right development model
The achievements China has made during the past three decades indicate that it has chosen the right model of economic development, said Yakov Berger, a China expert with the Far East Institute of the Russian Academy of ... Read More
Experts: Huge holding of US bonds risky
On the first day of US treasury secretary Timothy Geithner’s visit to China, the Beijing-based Global Times published a survey of 23 famous Chinese economists on Sunday, saying that the majority of them deemed the vast ... Read More
China to raise gasoline, diesel benchmark retail prices
China will raise gasoline and diesel benchmark retail prices by 400 yuan (US$58.6) per tonne as of Monday, the National Development and Reform Commission announced Sunday. The benchmark retail price for gasoline would increase ... Read More
Plastic bag ban works in cities, not rural areas
The strategy is to attack the countryside from the cities rather than the other way round, as was the case during revolutionary times. Plastic bag ban works in cities, not rural areas And the reason for that is simple: cities ... Read More
Green rules eye Chinese firms abroad
The government has completed a draft of mandatory environmental measures for the increasing number of Chinese companies involved in overseas projects, officials have said. The green guidelines, drafted by the Ministry of ... Read More
Kenyan VP lauds cordial ties in meeting with Chinese governor
The Kenyan government appreciates the cordial relationship with the People’s Republic of China and hopes for further enhancement of ties, Vice President Kalonzo Musyoka has told a visiting Chinese provincial governor. The ... Read More
Activist fights dirty chemical plants
Two Jiangsu province chemical plants linked to an increase in cancer in local residents are resisting calls to relocate or curb their pollution output. Hou Yizhong, 59, from the Yizheng Environment Protection Bureau (EPB), has ... Read More
All nations part of climate change solution
The US Congress needs to know that every country is part of a global solution for environmental protection in order to engage itself in the Copenhagen summit for a treaty to replace the Kyoto Protocol, US Senator John Kerry ... Read More
China’s complicated neighborhood
As a large country with both land and sea territory, China has complicated problems and disputes with its neighboring countries, ranging from issues of sovereignty and borderlines to energy and strategic deployment, all of ... Read More
China not a threat: Australia
Australia does not see China as an emerging military threat, as some other nations like the US and Japan have feared for years, the Australian Ambassador to China Geoff Raby said on Monday. In an interview with China Daily, ... Read More