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A major international financial institution based in Finland plans to launch a $50 million loan program for environmental protection projects in China, a senior official of the bank said on Friday. Nordic Investment Bank (NIB), based in Helsinki, is making the move to support the nation's efforts in seeking sustainable development. Loan proposals have ...
Nearly half of the 790 listed companies that have released forecasts on their third quarter performance showed positive results, raising expectations for a recovery of the equity markets in both Shanghai and Shenzhen. According to the securities consultancy Wind Info, 386 companies are expecting a black balance sheet. Real estate, automobile, electronic...
A total of 135 officials have violated laws or Party discipline in handling the country's economic stimulus projects, as teams were dispatched to supervise the allocation of matching funds from local governments and oversee the flow of the stimulus money. Among the 135, six violated laws and have been handed over to the prosecutors, according to a statem...
The US government said on Thursday that China did not manipulate its currency against the US dollar and has made significant contribution to the world economic recovery during the first half of 2009. "No major trading partner of the United States" met the standards identified by a US act of manipulating their rates of exchange against the US dollar to gai...
China's fiscal revenue rose 33 percent from a year earlier to hit 560.94 billion yuan ($82.13 billion) in September, the Ministry of Finance announced on Friday. It is the fifth month in a row that China's monthly fiscal revenue has risen year-on-year, since it rose 4.8 percent in May. The ministry said the strong rebound was based on the relatively l...
Chinese Premier Wen Jiabao said Friday that China had made great achievements in developing its western region in the last ten years and it would unswervingly stick to the West Development Strategy adopted in 2000. Wen also said the government was willing to continue cooperating with other economies in promoting the development. Wen made the remarks in ...
Chinese equities closed slightly higher on Thursday, led by securities and steel companies. The benchmark Shanghai Composite Index rose 9.26 points, or 0.31 percent, to end at 2,979.79. The Shenzhen Component Index increased 34.27 points, or 0.29 percent to close at 12,010.18. Combined turnover shrank to 179.58 billion yuan ($26.29 billion) from previ...
Chinese environmental authorities are to offer assessments of the carbon "imprint" of products and certify "low carbon" labels for use by manufacturers if their products meet standards. The move is aimed at encouraging manufacturers to develop low-carbon-intensive products so consumers can make informed choices, the Ministry of Environmental Protection sa...
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