Trade News

Developers plans green overhaul of construction industryDec 9, 2009

Several real estate developers led by Wang Shi, Chairman of China Vanke Inc called for a green overhaul of construction industry on Tuesday on the sideline of the the UN Climate Change Conference. The urban expansion and housing boom in the past 30 years have caused excessive use of energy and natural resources such as wood and produced a lot of waste wit...

Taiwan Bank to set up Shanghai bureauDec 9, 2009

The Chinese mainland authority gave approval Tuesday for Taiwan Bank (TB) to establish an office in Shanghai, the chinataiwan website reported. As a leading bank in Taiwan, the move acts as a milestone in cross-Straits financial cooperation, according to financial circles. After the bureau is in place, TB will conduct market research and make contact wi...

Hong Kong stocks close 1.44% lowerDec 9, 2009

Hong Kong stocks lost 318.76 points, or 1.44 percent, to close at 21,741.76 on Wednesday. Turnover rose to HK$74.53 billion (about $9.63 billion) from Tuesday's HK$68.46 billion (about $8.84 billion).   Source: BizChina

China's currency regulator to promote trade balanceDec 9, 2009

China's exchange rate regulator said Tuesday it would work to promote balance of payment next year by stabilizing exports while expanding imports. The promotion of balance of payment should be the fundamental of the work in 2010 in order to safeguard the nation's economic and financial security, said Yi Gang, head of the State Administration of Foreign ...

Banking authority reitertates credit quality, pace controlDec 9, 2009

China's banking authorities vowed to step up efforts to improve credit quality, and keep credit expansion in reasonable pace after record lending, to echo government's call to rebalance economic growth pattern. Chairman of the China Banking Regulatory Commission Liu Mingkang said bank loans should play a bigger role in economic restructuring as he put i...

Survey indicates better job prospectDec 9, 2009

Wu Liwei, a postgraduate major in journalism from Renmin University of China, has been trying to find a job for some time. And though the 24-year-old is yet to get a satisfactory offer, Wu said yesterday that she still felt lucky and hopeful. "Next year looks better than even this year," Wu said. "A friend who majored in the same subject last year said ma...

China's central bank says to manage credit pace after lending spreeDec 9, 2009

China's central bank said on Tuesday that more efforts would be made to keep credit expansion in reasonable pace after record lending to echo government's call to rebalance economic growth pattern. More credit support should go to promote employment and industries of strategic importance, said Zhou Xiaochuan, governor of the People's Bank of China. T...

China spends 6.5b yuan protecting northern grasslandsDec 8, 2009

China has invested more than 6.5 billion yuan ($959 million) to preserve grasslands in northern Inner Mongolia autonomous region, said the regional government. The money has been spent on returning grazing land to grassland, restoration of natural grassland and sand source control to prevent sandstorm. The efforts have helped reduce the area of degraded g...

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Transportation Center Connecting As

Transportation Center Connecting Asia and Europe Market

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Qingdao Saint Voyage Log

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