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Xinjiang Uygur Autonomous Region in northwest China has so far this year recorded a surge of 72.8 percent in its export despite the spreading global financial crisis, the regional foreign trade and economic cooperation bureau said on Thursday. The volume of Xinjiang's export during the period reached 17.69billion U.S. dollars, while its import increas...
China continues to be a strong focus for U.S. business investment both in the short and long term despite the country's current economic slowdown, AmCham-China President Michael Barbalas said. It is important to remember that China's economy continues growing, although at a slower pace than in the past, and that growth translates into opportunity for b...
Nineteen-year-old Wang Pan used to work in an electronics factory in Dongguan City, a major export hub in Guangdong Province. Now she is jobless. The small enterprise was on the verge of closure and cut jobs in November amid China's export slump. Wang was forced to return home to live with her parents in the Henan province, a major source of migrant la...
Construction of the country's largest nuclear power plant got under way here yesterday. The 70 billion yuan ($10 billion) project was approved by the State Council on Nov 12, an official with China Guangdong Nuclear Power Group (CGNPG), the State-owned nuclear energy investor, said. The plant is expected to contribute more than 100 billion yuan in G...
Yang Nan was like a cat on a hot tin roof a few months ago because he could not get the money to expand his business. The Beijing-based businessman needed 400,000 yuan as deposit to open the third restaurant in his chain that sells Xinjiang food. But he felt frustrated because banks would take too long a time to approve his loan and he needed the mone...
Raising the tax on cigarettes by 1 yuan per pack could help save thousands of lives and generate almost 65 billion yuan ($9.5 billion) in revenue for the government, a study released on Monday in Beijing said. Hu Teh-wei, a professor at the University of California, Berkeley in the United States who led the research team, said: The low cost of tobacco ...
Xinjiang Uygur Autonomous Region in northwest China has so far this year recorded a surge of 72.8 percent in its export despite the spreading global financial crisis, the regional foreign trade and economic cooperation bureau said on Thursday. The volume of Xinjiang's export during the period reached 17.69billion U.S. dollars, while its import increas...
In keeping with a tradition started four years ago, this holiday season the IKEA Social Initiative will use proceeds from the sale of IKEA soft toys to help finance education projects run by the United Nations Children 's Fund (UNICEF) and Save the Children. As part of the 1 euro is a fortune ... campaign, which kicked off in November and will continu...
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