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China's booming automobile market is expected to break the 10-million-unit in sales barrier this year, as the government's positive measures drive demand and revive consumer confidence, an industry body said on Monday. China Association of Automobile Manufacturers (CAAM) has upgraded its forecast for this year's automobile sales to 10.2 million units, ...
China's urban fixed-asset investment in the first four months rose 30.5 percent year on year to 3.71 trillion yuan (543.2 billion U.S. dollars), the National Bureau of Statistics announced Tuesday. The growth rate was 1.9 percentage points higher than that of the first quarter. Source: CRIEnglish
Jiang Jiemin, Chairman of PetroChina Company Limited, said Tuesday that PetroChina plans to raise 100 billion yuan (14.71 billion U.S. dollars) through debt financing in 2009 to support major strategic projects including oil exploration and development,oil refining and overseas business. The financing plan is waiting for permission of the annual shareho...
Senior officials from the European Union and China opened a two-day dialogue in Brussels on Thursday to deepen their economic and trade relations and seek an early end to the global financial crisis. The meeting brought together key policy makers from both sides, including EU Trade Commissioner Catherine Ashton and Chinese Vice Premier Wang Qishan. An a...
Currently the most important task is to translate the China-EU consensus on bilateral trade and investment into actions as soon as possible by keeping committed to two-way market openness and the multilateral Doha agenda, said Mr. Chen Deming, China's Commerce Minister. China and the EU concluded their 2nd High-level Economic and Trade Dialogue in Brusse...
The construction of the China-Russia oil pipeline conforms with the strategic goals of China and Russia to diversify the former's energy imports and latter's energy exports, Chinese Ambassador to Russia Liu Guchang has said. The move reflects the two countries' confidence and determination to tide over together the current global economic downturn, Liu...
As orders from North America and Europe shrink amid the global downturn, many Taiwan businesses are restructuring their strategies and the mainland market is moving up in their agenda. Tu Chi-bing is running an aluminum alloy plate factory for the Taiwan-based bicycle company Giant in Kunshan city of eastern Jiangsu Province, which produces 40,000 tonnes ...
China Banking Association (CBA) issued the first report of its kind in the country on banking sector's social responsibility on Sunday. The report, China Banking Sector Social Responsibility Report, introduces the banking sector's efforts in promoting public welfare and environmental protection. The report said the banking sector donated 1.01 billion ...
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.
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