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Singapore's pro-trade agency International Enterprise (IE) Singapore on Monday opened its 10th Overseas Center (OC) in China's Hubei province. Based in Hubei's capital city Wuhan, the new OC will focus efforts on Central China, in particular Hubei, Hunan and Jiangxi provinces. The center will bring IE Singapore and Singapore Economic Development ...
China's top power generation company China Huaneng Group will spend 1.232 billion U.S. dollars buying 50 percent stakes of U.S.-based power generation firm InterGen N.V. from Indian infrastructure developer GMR Group. GMR said the purchase of assets will help China Huaneng tap power generating assets in the UK, the Netherlands, Mexico, the Philippines ...
BEIJING - The National Development and Reform Commission (NDRC), China's economic planner and price regulator, said Friday it has asked local governments to crack down on some gas stations selling diesel above the State-set prices. NDRC investigators found some gas stations have been selling diesel above State-set prices in the provinces of Sichuan, Hu...
BEIJING - Global power conglomerates are shaping their new strategy in the world's fastest-growing green economy as China lays out its economic guidelines for the 12th Five-Year Plan (2011-2015). China pledged to implement stricter measures during the 12th Five-Year Plan. In an effort to conserve energy and reduce emissions, the country's top economic...
BEIJING - Partly as a response to the global climate challenge, China's booming green industry has become the engine that boosts global economic cooperation and encourages investment into the country. "We are vigorously seeking international cooperation in various fields of green technology," said Jiang Yaoping, vice-minister of commerce. So far, C...
BEIJING - Two years of monetary easing policies helped China's economy emerge from the global financial crisis. Now, facing a runaway inflow of hot money, fast loan growth, and escalating inflation, China could become serious about tightening regulations to achieve a "soft landing". Analysts recently said China could see more interest rate hikes in the...
United Arab Emirates (UAE) Economy Minister Sultan Bin Saeed Al-Mansouri said economic recovery is still very challenging, despite citing numbers suggesting the emirates' economy has picked up at a press conference on Saturday. The UAE has been growing between three to 3.5 percent in 2010 after the 1.3 percent in 2009, the UAE minister said, noting "in...
China's apparent consumption of crude steel is likely to reach 596 million tonnes this year, a year-on-year increase of 5.6 percent, according to a steel association official. Apparent consumption represents the sum of net imports and output, and can be used to estimate real consumption excluding inventory. Luo Bingsheng, deputy head of the China I...
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