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China Tuesday urged United States lawmakers to recognize the importance of Sino-U.S. trade and economic ties and to avoid protectionist measures against China. Foreign Ministry spokeswoman Jiang Yu made the remarks at a regular press conference when responding to a question on U.S. Congress criticism of the RMB exchange rate. Jiang said China had ma...
The World Trade Organization (WTO) reviewed the trade policy of the United States on Wednesday in Geneva, warning against its possible protectionism measures against its trade partners. A relating report was issued by the WTO secretariat with the review. While ranking the U.S .trade and investment regimes as " among the most open in the world," the repo...
The central parity rate of the yuan, China's currency Renminbi (RMB), rose 115 basis points, or 0.17 percent, Wednesday to a new record high at 6.6936 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System. Wednesday's central parity rate beat the previous record of 6.6997 on Sept. 21. The yuan has picked up i...
Beijing - Demand for cotton in China, the world's largest buyer and grower, outstripped domestic production by 3.6 million tons in 2009-2010, widening a supply deficit, the China Cotton Association said on Monday. The gap increased by 2.6 million tons from the previous year, the group said, citing Zhang Xiaoqiang, deputy head of the National Developmen...
NANCHANG - The country's central region welcomes more new and hi-tech investments, a senior central government official has said. "China will continue improving its investment environment and further open up its market in the central region to attract more investments from home and abroad," Vice-Premier Wang Qishan said at the Central China Business Su...
SHANGHAI - The central government's relentless efforts to cut carbon emissions has seen it turn to the nation's concentrated solar thermal power (CSP) sector. However, industry experts warn the industry is still in its infancy and more investment and auxiliary policies are needed to stimulate the sector. The industry has developed at a very fast pace ...
DALIAN, Liaoning - China's iron ore imports this year will not exceed last year's, with domestic ore production touching 1.1 billion tons, the China Iron and Steel Association (CISA) said. Shan Shanghua, secretary- general of CISA, said China would recycle more steel scrap to reduce iron ore imports. Around 100 million tons of steel scrap is expected ...
Ukrainian Prime Minister Mykola Azarov admitted Tuesday quotas for grain exports were now a possibility. "By the end of the week, the government will count the amount of grain stocked. Next week, we will make a decision on whether to introduce quotas for grain exports or not," Azarov said at a briefing. Azarov has earlier said the government would n...
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