The National Development and Reform Commission (NDRC), China's top economic planning agency, has decided to prolong implementation of interim import duty on soybeans from March 31 to September 30, a NDRC source confirmed Thursday. To reduce the cost of soybean imports and curb price rises for grain on the domestic market, on Oct. 1, 2007 China slashed...
China's move to control the industrial use and exports of grain to curb domestic price increases will contribute to the stability of the world grain market, an analyst said. Premier Wen Jiabao said on Wednesday the country must strictly control industrial use of grain and grain exports. This was one of the powerful measures that would be taken to prev...
Shanghai has applied to the Chinese Central Government to build a Disneyland, and the best location should be Pudong New District, mayor Han Zheng said on Thursday. It would be the third Disneyland in Asia after Japan and HongKong. We have applied to the National Development and Reform Commission, but so far we haven't received any document of approva...
A total of nine descendants of the Chinese painter Qi Baishi have made agreements with one of 19 publishers and received books worth 100,000 yuan (14,051 U.S. dollars) as compensation over copyright infringement, a local court said on Thursday. The Chinese Drama Publishing House contacted Qi's descendants and decided to give them books worth 200,000 yu...
Experts from China and southeast Asia on Thursday called for establishing a regional South China Sea Economic Cooperation Organization (SCSEC) to boost regional trade and investment. Wu Shicun, president of the National Institute for South China Sea Studies, called for setting up a regional South China Sea Economic Cooperative Organization that would ...
The Bahamas government in the Caribbean is changing its policy and strategy toward China to make it more appealing to Chinese investors. We're going to change the visa process to make it easier, install a fully fledged ambassador in Beijing and set up commercial services in Shanghai and Shenzhen in the near future, Michael Scott, chairman of the Hotel ...
The government should set up a metal mining development fund to help Chinese companies explore local and overseas resources, the president of China Minmetals Corp (Minmetals) said. Capital could be raised from China Investment Corp, local banks, miners and foreign strategic investors, Zhou Zhongshu, a member of the 11th National Committee of the Chines...
The Paris-based Organization for Economic Cooperation and Development (OECD) is mulling over China's entry to the market economy club. Angel Gurria, OECD secretary-general, said it has already expressed interest" in a membership offer to China. We (China and the OECD) know each other well and we have already conducted closer cooperation in many fiel...
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