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China has vowed to maintain its macroeconomic policy stance in 2010 despite worries that its stimulus is likely to risk fueling new bubbles and overcapacity. A meeting of the Political Bureau of the Communist Party of China (CPC) Central Committee agreed Friday that the country will continue the proactive fiscal policy and moderately easy monetary policy ...
China's major wireless telecom companies, all State-owned enterprises, are coming under pressure to eradicate access to porn through wireless application protocol (WAP) sites on mobile phones. "The telecom operators collect fees from mobile WAP services and these operators will take most of the profits generated by porn content on WAP sites," Wang Song, ...
Dubai's debt problems may be sending world markets sliding, but the tumble in stocks in Shanghai and Hong Kong is not expected to extend into this week, according to financial analysts. The state-owned Dubai World recently asked for at least a six-month delay on paying back its $60 billion debt. International experts have said that they fear Dubai's pro...
Foster's Group Ltd, Australia's biggest brewer, never borrowed from China until this year, when Bank of China helped arrange $500 million in loans to refinance debt. Chinese lenders are "injecting large amounts of liquidity", said Peter Kopanidis, group treasurer at Melbourne-based Foster's. The combination of the world's fastest-growing economy and...
Political and economic leaders from China and the European Union (EU) appealed in Nanjing, the capital of east China's Jiangsu province on Sunday that countries should not take an "early withdraw" from their economic stimulus packages since they are still needed to maintain the global economic recovery trend. "An early withdraw would lead to a loss in wh...
China's industrial profits in 22 provinces and regions across the country declined 3.4 percent year-on-year in the first 10 months, but the rate of decline was slowing, figures show. A statement posted on the website of the National Bureau of Statistics (NBS) Monday said industrial profits reached 1.79 trillion yuan ($261.6 billion), but the rate of decl...
China and the European Union, in a joint statement issued Monday, vowed to step up efforts to promote trade and investment and increase effective market access. The statement was issued on the sidelines of the 12th China-EU Summit held in Nanjing, capital of Jiangsu province in east China. Chinese Premier Wen Jiabao attended the meeting with President o...
As she looked at the plumes of smoke billowing into the skies from the nearby garbage incinerator, Zhang Xiemei hugged her baby and dreamed of one day taking her away from Likeng. The grocery store owner has been growing more concerned about the health of her 14-month-old daughter since several cases of lung cancer were reported among her neighbors. "Th...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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