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BEIJING: As American legislators are increasing pressure on China to revalue its currency, a renowned British economist urged the United States to look at China's changing role more openly and pragmatically. "The US is shortsighted (in pressing yuan appreciation). It has to recognize China's new role on the world stage and it has to find a way to live t...
BEIJING - Chinese steel mills should focus more on diversifying their mining resources to thwart the monopoly of the three global miners on iron ore supplies as the boycott call sought by the steel association may not fetch dividends, industry experts said on Monday. The China Iron and Steel Association (CISA) has asked domestic steel companies and trader...
Sao Paolo: The Chinese appetite for Brazilian soya has been growing as Beijing has begun building up stocks while import prices have been relatively low. To the delight of bulk vessel charterers the growth of Brazilian soya exports to China has been around 20% every year for the past three and in 2010 this is forecast to reach 43m tonnes of soya. Today ...
RUSSIA's TransContainer and Vyksunsky Metallurgical Plant at Nizhniy Novgorod have signed a contract for transport of steel pipe of large diameter of non-metallic coating, produced for Nord Stream underwater gas pipeline. The cargo will be transported to Navashino, by Gorky Railway-Kotka (Finland) on specialised (model 13-9744) platforms of TransContaine...
BEIJING: The United Nations and the Chinese government on Thursday issued a working guideline which encourages China to promote sustainable development, improve poor people's lives and bolster international cooperation. According to the Development Assistance Framework 2011-2015, the United Nations will raise about $374 million for cooperation projects w...
PRETORIA: China has pledged to import more value-added products from South Africa to optimize bilateral trade. Top Chinese political advisor Jia Qinglin made this pledge on Wednesday when he delivered a key-note speech at the China-South Africa Economic and Trade Forum in Pretoria. South Africa was the last leg of Jia's 10-day African tour which has al...
SHENYANG: China's largest iron mining industry company, which is located in the northeastern province of Liaoning, would double its annual production in the coming decade, sources with Angang Steel Group said Thursday. The iron mining company, which is a subsidiary of the Angang group, will achieve the goal through a mine upgrading and expansion project ...
BEIJING - A Chinese Foreign Ministry spokesman Thursday said the government would as always welcome foreign investment and that it would maintain the mutually beneficial strategy of opening-up. Responding to questions at a regular press conference on doubts some foreign enterprises have about China's investment environment, Qin Gang said he did "not agre...
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