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BEIJING - The central parity rate of the yuan, China's currency Renminbi (RMB), rose 62 basis points Monday to a new record high at 6.711 per US dollar, according to the data released by the China Foreign Exchange Trading System. China's central bank announced on June 19 this year that it would further the reform of the formation mechanism of the yuan...
RUSSIAN President Dmitry Medvedev's coming visit to China may seek China's investment in its outlying regions, including the reconstruction in the far eastern city of Vladivostok and the Black Sea resort of Sochi, as well as the host venues of the 2012 summit of the Asia-Pacific Economic Co-operation and the 2014 Winter Olympic Games, reported Xinhua. ...
China will adopt a more open attitude toward international science and technology cooperation and exchanges in energy conservation and emissions reduction, a senior official from the Ministry of Science and Technology (MST) said on Thursday. "We plan to work with other countries to establish a global technological cooperative platform for energy, resour...
TAIYUAN - China will flex its muscles to boost the low-carbon economy and green industry, in a bid to help upgrade the development mode of exports, said a senior government official Thursday. Gao Hucheng, Vice Minister of Commerce, said at an energy forum in Taiyuan, capital of Shanxi province, that China has risen to become one of the world's largest ...
BEIJING - Vice Premier Li Keqiang told Airbus chief executive officer Thomas Enders on Wednesday that China will offer more opportunities to foreign investors. The Chinese government had accelerated the development of equipment manufacturing and other new industries of strategic importance, and there would be great potential for cooperation with foreign...
Major US oil company Chevron Corp and China Petrochemical Corp (Sinopec) may join forces to explore and develop shale gas in southwestern China at the end of the year, the Wall Street Journal reported Friday, citing an unnamed source. Chevron has identified a gas block near Guiyang, in Guizhou province, close to an area that BP and Sinopec Group are exp...
BEIJING - The United States should stop taking retaliatory actions against China to avoid a trade war, a top official of a think-tank associated with the Ministry of Commerce said on Thursday. The unemployment rate in the US is still high and midterm elections are just round the corner. The US will pin the blame for its economic woes on China's exports...
South Korean market and media gave a warm welcome to the report that the European Union (EU) approved the South Korea-EU free trade pact which was initialed in October, 2009. Approving the trade deal, the EU also agreed to have it go into effect from July 1, 2011, as a result of long-lasting rounds of bilateral negotiation. The two sides are expecte...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
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