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China had lifted import bans on pork products from the United States, Canada and Mexico, the country's top quarantine authorities said Tuesday. The bans were lifted on the basis of risk assessment, the General Administration of Quality Supervision, Inspection and Quarantine said in a statement on its website. In April and May, China imposed bans on pig...
China opened 52 new-type rural financial institutions in western areas by the end of June, accounting for 44 percent of the total that newly opened nationwide in the first half year. The China Banking Regulatory Commission (CBRC), China's banking regulator, announced at a press conference in Beijing Monday. The 52 institutions include 41 rural banks, t...
Chinese equities rose with the benchmark Shanghai Composite Index up 1.25 percent, or 40.06 points, to close at 3,235.36. The Shenzhen Component Index increased 1.45 percent, or 195.39 points, to close at 13,682.17. Combined turnover jumped to 310.95 billion yuan ($45.73 billion) from 270.83 billion yuan on the previous trading day. Half of 28 shares ...
Steelmaker Wuhan Iron & Steel Group (Wugang) is acquiring a 21.52 percent stake in Brazilian iron ore miner MMX Mineracao e Metalicos SA for $400 million to bolster its iron ore supplies. Rio de Janeiro-based MMX, controlled by Brazil's richest man Eike Batista, will issue new shares at an equivalent price of $3.93 each, according to a regulatory fil...
China will set its loan target for 2010 at a level well below the total amount that banks gave out this year on concerns about deteriorating asset bubbles and bad loan problems, sources at the nation's top regulatory bodies told China Daily yesterday. "The strong tide of credit growth cannot be copied into next year," a source at People's Bank of China,...
China will continue to take active measures to increase imports from Europe to address the trade imbalance between China and the European Union (EU), said Premier Wen Jiabao on Monday. "China does not seek a trade surplus that is beyond a reasonable level, " Wen said when delivering a speech at the closing ceremony of the fifth China-EU Business Summit. ...
Premier Wen Jiabao yesterday rejected "unfair" calls from European countries for faster reform of China's currency policies, despite lobbying from EU financial chiefs at the weekend. "Some countries demand the yuan's appreciation while practicing various trade protectionism against China. It's unfair and actually limits China's development," Wen told ...
China would launch a review of the anti-dumping measures against chloroform imports from the European Union, the Republic of Korea (ROK) and the United States on Monday. The Ministry of Commerce (MOC) announced the decision on its website Sunday one day before the measures were due to be ended, after it received applications for reviewing the measures fro...
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