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China would continue to carry out its policies for economic and financial restructuring, Chinese officials said Thursday. "All countries have their own problems, and we have been making utmost efforts to get our problems solved," Ma Zhaoxu, director-general of the Information Department at the Chinese Foreign Ministry, told a news briefing on the sideline...
A Chinese company has offered sprint star Usain Bolt a staggering deal that could see the Jamaican reap more than $115 million in the next five years. Ajani Williams, chief executive officer with Anza Marketing Group (AMG), yesterday confirmed that the organization, which has the sole rights to market Bolt in China, received the offer after "Lightning" st...
Share prices of Chinese papermakers slid sharply yesterday after three US paper companies and the United Steelworkers Union (USW) revived a trade complaint against imports of coated paper from China and Indonesia. Experts warn of a growing tendency of protectionism against Chinese imports in the US, despite a recent victory of a Hebei tire company in its ...
The Beijing capital airport will shut down for three hours starting from 9:30 am on Oct 1 for the National Day parade, affecting some 180 flights and thousands of passengers. The capital airport is the busiest airport in the country, with at least 1,000 flights taking off or landing per day, or at least one flight every minute. A spokesman for the Beiji...
A nationwide questionnaire of bankers released Thursday by China's central bank showed that the bankers' confidence index for macro economy and bank performance in the third quarter had continued rising, and expectations for bank performance in the fourth quarter had been improved. Bankers' confidence index for macro economy stood at 55.4 percent in th...
Leaders of the world's biggest countries began arriving for the Group of 20 (G20) summit yesterday to seek ways to nurture a recovery from the worst recession since the 1930s and build safeguards against future catastrophes. US President Barack Obama, hosting his first G20 summit, will lay out a massive agenda that includes tackling one of the thorniest p...
China plans to progressively carry out next year a zero-tariff policy on 95 percent of imports from least developed countries, the Ministry of Commerce said Wednesday. The ministry said this move aimed to increase exports to China from these countries. But it did not elaborate which imports would enjoy the favorable policy. The ministry also presented a...
Chinese equities edged up by 0.38 percent Thursday as banks and real estate developers staged a strong rebound in the afternoon. The benchmark Shanghai Composite Index gained 10.83 points to finish at 2,853.55. The Shenzhen Component Index advanced 0.12 percent, or 13.54 points, to close at 11,475.88. Combined turnover shrank for a third day, from Wedne...
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