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Malaysia has offered 131 projects to foreign investors in a meeting with Indonesian businessmen in the capital city of Jakarta, Kompas daily reported on Saturday. "We offer 131 projects to investors, including businessmen from Indonesia. Now, we are more opened to investors to make Malaysia a developed country by 2020 with income per capita of 15,000 U....
The United States and South Korea reached a new free trade agreement Friday after a three-year stalemate on auto tariffs, President Barack Obama announced Friday. Under the agreement, tariffs on 95 percent of goods between the two countries will be lifted within five years. The new deal would be the largest U.S. trade pact since the North American Free ...
China is considering investments of up to $1.5 trillion over five years in seven strategic industries, a plan to accelerate the country's transition from the world's supplier of cheap goods to a leading purveyor of high-value technologies, Reuters reported on Dec 2. Analysts expressed skepticism at the sheer amount of money -- it equates to about 5 pe...
WASHINGTON - China's rapid economic growth is good for the US workers, and the US government is committed to improving bilateral economic relations with China, said US Commerce Secretary Gary Locke on Thursday. "China has lifted almost 200 million people out of poverty (in the past two decades). And in the years ahead, hundreds of millions more Chinese...
China's top economic planner has asked the nation's major producers of edible oil to restrain from price hikes for four months, the 21st Century Business Herald reported Thursday, citing unnamed sources. The National Development and Reform Commission (NDRC) held a meeting last week with four major edible oil producers and asked them not to raise the p...
WEIHAI, Shandong - Free trade agreement (FTA) talks among China, Japan and the Republic of Korea (ROK) could start in 2012 as the countries try to reduce reliance on the United States and the European Union, Yi Xiaozhun, vice-minister of commerce, told China Daily. US economic woes and the European debt crisis are boosting integration efforts and adding...
BEIJING - China is ready for the large-scale application of solar power generation which is set to grow at an annual rate of 1 gigawatt (gW) after 2012, the Ministry of Finance said on its website on Thursday. The authorities will encourage more pilot projects over the next two years and grant a 50 percent subsidy to key equipment in these projects, acc...
BEIJING - The trend of surging food prices, which account for more than one third of the consumer inflation basket, softened in late November after authorities took measures to curb inflation. But some analysts warned that the respite is only temporary and high inflation will remain if the government relies on just administrative measures and does not s...
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