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China's exports have dropped considerably to the United States since the financial meltdown and its trade surplus to the US will decrease this year by $100 billion, according to Chinese Ambassador to the United States Zhou Wenzhong. "We're aware of the importance of changing the growth mode," he said. "We're decreasing exports while increasing domestic...
CNOOC Ltd will build a terminal in Zhuhai to receive natural gas from China's first deepwater field in the South China Sea, the Xinhua News Agency reported. The receiving terminal in southern Guangdong province includes one production area, one living area and two berths with docking capacity of 30,000 metric tons and 5,000 metric tons each, encompassing...
The ChiNext Index closed higher on Monday as only five of the 28 shares at China's start-up board for small and medium-sized enterprises went up. The board, which is based in Shenzhen and started trading on October 30, 2009, is tailored to the needs of enterprises engaged in independent innovation and other enterprises with great growth potential. ...
China's position as a net importer of coal is unlikely to change although domestic supply is expected to increase next year, said an industry expert. The prediction is based on exorbitant cost of domestic transportation and the current export and import policy, said Jiang Zhimin, vice chairman of the China National Coal Association at an industrial forum...
China would continue to adopt the proactive fiscal policy and moderately easy monetary policy next year and endeavor to improve the economic growth quality, according to the Central Economic Work Conference Monday. Source: BizChina
The Chinese government will push recovery of its exports and promote balanced international trade as one of its major tasks next year, the country's senior policymakers agreed at the annual key economic conference on Monday. The government would maintain the "continuity" and "stability" of its foreign demand policy, diversify its market strategies, tap i...
The Chinese government pledged Monday to push forward the transformation of its economic development pattern next year while maintaining stable and comparatively fast economic growth. Participants at the three-day annual Central Economic Work Conference agreed that the global financial crisis highlighted the urgency to transform China's economic developm...
Economists may have reached a consensus that China's economy will grow at a moderately faster pace next year than this year but some are warning that the government's excessive emphasis on GDP growth will distort an already-tilted economic structure. China's economy will grow 8.8 percent next year and lead the world out of the recession, according to a...
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