French giant oil company Total, which plans to spend more next year to bolster its market share, is looking to China to improve businesses in Asia, a local daily reported on Tuesday. "We are willing to participate in the construction of a refinery in China. We seek to combine our expertise and know-how with skills of a company of an oil producing countr...
China has set its first round of 2011 rare earth export quotas at 14,446 tonnes, the Ministry of Commerce said in a statement posted on its website Tuesday. The quota was down 11.4 percent year on year compared with the 16,304 tonnes in the first round of last year, according to previous ministry statements. A total of 31 companies, including domest...
BEIJING - With the New Year and China's Spring Festival approaching, China will improve efforts to stabilize prices and ensure abundant supply of essential commodities, according to an official circular issued Sunday. Cracking down on price speculation and related market manipulation should be high on agenda of governments at all levels, according to t...
BEIJING - China will "actively" encourage automobile imports over the next five years through a series of favorable policies as the nation expands imports to better balance its economy, said an official with the Ministry of Commerce. The ministry is planning an automobile import promotion strategy with the Ministry of Finance and the General Administrat...
NANNING - Trade increased rapidly between China's Guangxi Zhuang autonomous region and ASEAN member states over the past 11 months, the local customs house reported Sunday. China and ASEAN members form the world's largest trade zone which came into being Jan 1 this year. Guangxi, bordering Vietnam in China's south, generated $5.4 billion in trade...
BEIJING - China's 2010 industrial output growth rate is estimated to reach 15 percent, while next year's figure will drop to 11 percent, Li Yizhong told a meeting on Saturday, a day before standing down as minister for industry and information technology. The slowdown in output shows that the government will adopt a more stable development blueprint i...
The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6252 per U.S. dollar Tuesday, compared with Monday's 6.6305, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the inter-bank foreign exchange market within a daily limit of 0.5 percent ...
The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) continued to rise slightly last week, reaching 89.81 U.S. dollars per barrel, the Vienna-based cartel said Monday. OPEC weekly average prices kept increasing for the fourth week last week, hitting a record high since May 2008. Last Wednesday the average OPEC basket...
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