Vice Premier Li Keqiang said Wednesday that China welcomed expanded cooperation with multinationals to develop new energy sources. Li made the remarks when meeting with Charles Holliday, chairman of the board of U.S.-based chemical company DuPont. China has taken measures to cope with the impact of the international economic situation, Li said. Li sai...
India Wednesday extended the import of pulses at zero customs duty and the ban on exports on the products for another fiscal year due to decline of the mass consumption food product in the country. The decision today is to extend zero duty on import of pulses for one more year beyond March 31, 2009. Pulses can now be imported at zero duty for one more yea...
China's steel exports could contract 80 percent by volume this year, more than the previously forecast 50 percent, a senior domestic industry expert told an industry conference Wednesday. Shan Shanghua, secretary-general of the China Steel Industry Association, said steel exporters faced a grim situation as the world economy remained weak. Customs st...
Holdings of US Treasury bonds rose in January, but the increase is the slightest since last June, indicating the country's appetite for the securities is set to diminish as a result of the falling trade surplus and rising concern over investment security. The country's reserves of US Treasuries rose by $12.2 billion to $739.6 billion by the end of Janua...
China Construction Bank (CCB), the country's second largest lender by market value, will tread cautiously on overseas acquisitions this year, Guo Shuqing, chairman, CCB told China Daily. The global financial crisis is far from over and a lot of things are still uncertain. We will not make hasty decisions on overseas acquisitions under such circumstance...
The trend of having pay freeze and flexible incentive schemes was spreading among local companies, said the Hong Kong Institute of Human Resource Management (HKIHRM) when making its survey results public on Tuesday. In its January 2009 Pay Trend Survey, the HKIHRM surveyed 125 prominent Hong Kong companies from 17 business sectors. Of the 45 companies t...
Great Wall Motor Company (GWM) has won an overseas government procurement order to supply 3,300 pickups, according to news from GWM's headquarters, located in Baoding, Hebei Province. The vehicles will be loaded onto a vessel in the Tianjin Port and shipped to Libya. In February this year, GWM signed a procurement order for pickups with the Libyan gove...
The China National Offshore Oil Corporation (CNOOC) recently announced that the Akpo deepwater oilfield of the OML130 project in Nigeria has been successfully put into operation. CNOOC holds a 45 percent share in the OML130 project. The oilfield is 200 kilometers off the coastline of Nigeria, and it has been proved that the probable reserves are estimated...
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