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China's energy consumption per unit of GDP decreased by 2.88 percent year-on-year during the first half of this year, the government announced on Friday without giving immediate comment on the performance. But the central government's recent repeated circulars and urgency placed on energy saving prior to the announcement have signaled that it is not sa...
The National Audit Office (NAO) will step up scrutiny of overseas state-owned assets, as well as fiscal revenue and social security funds, the office said in an online circular posted on Saturday. The office will also pay more attention to funds concerning key resources and energy as well as environmental protection, it said. On the approval of the ...
China Eastern Airlines (CEA) announced on Sunday that the stake sale plan to Singapore Airlines (SIA) and Lentor Investments had failed. The preliminary agreement would become invalid if no further progress was achieved as of Saturday, the expiring date, according to a CEA statement. SIA and Temasek, Singapore's state-linked investment firm and th...
United States Treasury Secretary Henry Paulson said there is no plan to use his new authority to inject capital into mortgage companies Fannie Mae and Freddie Mac, which both posted worse-than-expected earnings last week. We do not plan to insert money into either of those two institutions, Paulson said in an interview with NBC's Meet the Press broadca...
China's auto imports grew at a faster pace in the first half of this year, fueled by a stronger yuan and a possible higher tax which helped buyers to purchase earlier. Vehicle imports rose 53.15 percent to 212,800 units between January and June from a year earlier, according to the China Association of Automobile Manufacturers yesterday. The growt...
Bangladesh fetched over half a billion U.S. dollars in the immediate past fiscal year from frozen foods exports as the country's shrimp shipment to global market continued to boom, exporters said Thursday. We have performed very well exporting shrimp in the last fiscal, Maksudur Rahman, the immediate past President of Bangladesh Frozen Foods Exporters...
China issued rules on energy conservation in civilian buildings on Thursday, aiming to reduce energy use and improve efficiency. The buildings involved include residences, government office buildings, and structures used for commercial, educational and sanitation purposes, said the regulation. Government departments at all levels should enhance th...
Wang Zhaoguo, chairman of the All-China Federation of Trade Unions (ACFTU), met in Beijing Thursday with leaders of international and regional trade unions who are for the opening ceremony of the Beijing Olympic Games. The trade unions' leaders are George Mavrikos, general secretary of the World Federation of Trade Unions (WFTU), Hassan Sunmonu, secre...
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