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BEIJING - China has refuted claims that it was curbing soybean oil shipments from Argentina and said the new quality standards are for consumer safety, a source from the Ministry of Commerce (MOFCOM) said on Tuesday. The source said the new norms could help increase shipments of soybeans and soybean oil from countries like the United States and Brazil. At...
BEIJING - Chinese economic and financial experts said here on Tuesday that multinational companies (MNCs) involved in the processing trade in China have contributed most to China's trade surplus. Zhang Yansheng, director of the Institute for International Economic Research under the National Development and Reform Commission, told a press conference on C...
BEIJING - China has never manipulated its exchange rate for international trade benefits, said Foreign Ministry spokeswoman Jiang Yu Tuesday. Jiang was speaking in response to a question on China's attitude towards the US government's delay of a report on exchange rate policies to the Congress. US Treasury Secretary Tim Geithner said on Saturday that ...
WHILE still posting the fastest growth in six years, the US Bureau of Economic Analysis has cut its estimate of the increase in American GDP in the fourth quarter from 5.9 per cent to 5.6 per cent. Business inventories fell by US$19.7 billion in the fourth quarter. Fast growth was attributed to a slowdown in liquidation of inventories during the fourth qu...
CANBERRA - A Chinese-registered bulk coal carrier Shen Neng 1 ran aground on a reef Saturday night, about 70 kilometers east of Great Keppel Island off the Queensland coast, Australian Associated Press reported Sunday. Aircraft are flying over the 230-meter-long bulk carrier aground in the Great Barrier Reef to determine the extent of an oil spill from th...
BEIJING: Foreign businesses in China are operating in an improving and maturing environment, with the government committed to its World Trade Organization (WTO) pledges, a former top trade negotiator has said. "It's just not true to say that China is getting tougher with multinationals doing business in the country," Tong Zhiguang, who is also a former v...
BEIJING - Major State-run lenders started to become more stringent on mortgage loan disbursements, after the recent government warning on the inherent risks in the sizzling realty market and the need to curb speculative purchases. Most of the lenders have followed the steps of Bank of China (BOC), the nation's third largest lender by market value, which ...
BEIJING: Boshiwa International Holding Ltd, a Chinese manufacturer of garments for children and teens, is preparing for a listing on the Hong Kong bourse this year, an industry source told China Daily on Monday. "The company has submitted the application to the Hong Kong Exchange," said the source that requested anonymity. The market value of China's b...
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