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BEIJING - The United States has agreed to recognize China's market economy status (MES) as soon as possible, according to a statement from the Chinese side on Tuesday upon the conclusion of the second round of the China-US Strategic and Economic Dialogue (S&ED). According to the statement, "the US will recognize China's MES promptly via the cooperat...
BEIJING - The China Insurance Regulatory Commission (CIRC) will loosen the limits on investments by insurance companies in stocks and bonds, but may be cautious on permitting property investments, a CIRC official said on Wednesday. "We are in discussions to allow major insurers to invest 20 percent of their assets into stocks and equity funds, and increas...
Partnerships set to boost fuel efficiency, environmental protection BEIJING - China and the United States on Wednesday signed eight green energy deals to enhance cooperation in the sector, a move analysts said would set examples for global collaboration in increasing energy efficiency and protecting environment. The eight deals include aviation biofuel,...
BEIJING - Chinese Vice Premier Li Keqiang said Tuesday China must accelerate its transformation of economic growth pattern as the global economy was undergoing structural changes. Li made the remark when he met with members of the International Advisory Council of the China Development Bank (CDB) in Beijing. Li briefed the advisory council members about...
HONG KONG - There is a sharp decrease in the level of dependence on support from Hong Kong by businesses operating in the Pearl River Delta (PRD), from 10 years ago, a survey by the Hong Kong-based Chinese Manufacturers' Association (CMA) showed Tuesday. The survey, titled "Business outlook for CMC members operating in the PRD" and conducted between Marc...
Building a Broadway theater in Beijing might no longer be a dream if the municipal government successfully reaches its investment target of 55 billion yuan set at a tourism summit Tuesday. The target was announced by The Project Promotion Conference on Beijing Tourism Industry at The Global Travel and Tourism Summit, held from Tuesday to Thursday. The p...
BEIJING - China, the world's second-largest energy consumer, will increase its annual oil-refining capacity by 50 percent between 2010 and 2015 to meet rising domestic demand, according to the country's largest refiner Sinopec. Annual oil refining capacity is expected to reach 507.5 million tons by the end of 2010, up 6.4 percent from a year earlier, Si...
SINGAPORE's economy expanded by 15.5 per cent in the first quarter of 2010 compared to the same period a year earlier. As a result, the Ministry of Trade and Industry (MTI) will maintain its GDP growth forecast for the year at seven and nine cent. The strong momentum seen in the first quarter was broad-based, led by the manufacturing sector which expande...
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.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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