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An expected global slowdown next year could hit exports, but China's consumption remains robust as it reduces dependence on external demand, the World Bank (WB) said on Wednesday. "In China we see a quite different economic growth pattern this year and last because of both domestic and external reasons," said Ardo Hansson, lead WB economist in China, at ...
BEIJING - Chinese authorities may establish strategic reserves of 10 rare metals to stabilize their supply and prices, a move analysts said reflects the country's growing concern over scarce resources. The 10 metals are rare earths, tungsten, antimony, molybdenum, tin, indium, germanium, gallium, tantalum and zirconium, the Shanghai Securities News repor...
BEIJING - Suntech Power Holdings, China's largest solar panel maker, plans to create more than 1,000 jobs in the United States over the next few years, a further indication of Chinese new-energy companies' growing global presence. "This is truly an international marketplace, especially when you're talking about solar. It always has been. It makes a ver...
BEIJING - The World Bank Wednesday raised its forecast for growth of China's gross domestic product (GDP) in full-year 2010 to 10 percent from its previous estimate of 9.5 percent. In its latest China Quarterly Update, a regular assessment of China's economy, the World Bank predicted China's GDP growth in 2011 to slow to 8.7 percent and then ease furth...
BANGKOK - Industrial and Commercial Bank of China (ICBC) was looking for acquisitions in countries in Southeast Asia where now it has no presence, Reuters quoted company chairman on Wednesday. Southeast Asia is where ICBC also focus on as it offers growth potential, and the bank is looking for opportunity in the region, ICBC Chairman Jiang Jianqing told a...
The National Development and Reform Commission (NDRC) released last month's monitoring results for retail food prices, and 80 percent of food products have seen a month-on-month rise, the Chongqing Evening News reported on Wednesday. The survey considered 31 food products, and 24 had seen a price increase in October, the report said, adding that cucumber...
WASHINGTON - China and the United States should team up in clean-energy development to boost energy conservation and environmental protection, analysts have said. Bill Tyndall, senior vice-president of federal government and regulatory affairs at energy company Duke Energy, said the two countries can work together in many areas, including coal decarboniza...
BEIJING - China will reduce its rare earth export quotas next year, but not by a very large margin, Yao Jian, spokesman of China's Ministry of Commerce, said on Tuesday. "To protect the environment and natural resources, China will stick to the quota system to manage rare earth exports next year, and quotas will also decline," Yao told Xinhua News Agency...
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