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The Taiwan External Trade Development Council will continue to help raise exports to the Chinese mainland, which has become Taiwan's top export market overtaking other economies, council chairman Wang Chih-Kang said Monday. "The mainland is a huge market, becoming a target of many economies, including Taiwan," Wang said at an annual press conference in T...
Official figures Monday confirmed China had overtaken the United States to become the world's top auto maker and market in 2009 boosted by government stimulus measures. The China Association of Automobile Manufacturers (CAAM) announced annual sales rose 46.15 percent year-on-year to 13.64 million units. Output increased 48.3 percent to 13.79 million unit...
Looking up at a new building for sale, Jin Jian, a fitness trainer in Harbin, turned and left with a sigh. "There's no way I can afford it." The 28-year-old has been dating for sometime but his relationships have gone nowhere. They often failed because the women wanted a man with a decent apartment, said Jin. "Frankly speaking, I can't afford to marry...
Police yesterday finished their investigation of four Rio Tinto Group executives, including Australian Stern Hu, and sent the case to the local prosecutors. A spokeswoman for the Australian Department of Foreign Affairs and Trade told China Daily in an e-mailed statement that Beijing had informed Australia's Consulate-General in Shanghai that the investi...
China's approval of short sales and stock index futures paves the way for foreign investors to bet on a convergence in valuations between Shanghai and Hong Kong. The China Securities Regulatory Commission cleared the overhaul of trading laws on Jan 8 that will also permit buying equities with brokerage loans. The rules apply to mainland residents and the...
China is still suffering from a coal shortage during the ongoing cold weather and electricity rationing has continued in five provinces and municipalities. As of Sunday, coal reserves in 598 major power plants were decreasing and were only enough to last for nine days. Coal storage in 205 power plants will last for seven days, an alarming level, the Natio...
Premier Wen Jiabao yesterday called for scientific innovation to help the country cope with the global economic downturn and serve as an impetus to realize lasting economic prosperity. He made the call at a grand ceremony to present the 2009 State Top Scientific and Technological Award. Wen said greater efforts should be made to embrace global scientifi...
New Zealand cabinet ministers are to lead up to six delegations to China this year as part of a drive to take advantage of the NZ$30 million ($22 million) investment in the 2010 Shanghai Expo. New Zealand Prime Minister John Key is expected to travel to China in May for the opening of the New Zealand pavilion. Other strategies are under development to lev...
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