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Businessmen from China's Xi'an city are interested in investing in Cambodia's electronics, technology and packaging factories for agricultural products, an official from the city said Monday. Hao Mangxi, head of Xi'an Bureau of Trade and Commerce, is leading a delegation of seven large companies from Xi'an, the capital of China's Shaanxi province,...
Growth of industrial profits in China slowed further in the first eight months, in an indication that the government's measures to cut emissions are taking effect. From January to August, profits of Chinese industrial enterprises rose 55 percent year on year, down from the increase of 81.6 percent in the first five months, the previous period over whic...
China's regulation of its rare-earth minerals industry protects the environment, prevents over exploitation of the its resource, and promotes the development of new energy industries across the globe, experts say. Rare earths have become increasingly important in the manufacture of new energy products like electric-car batteries, wind turbines and othe...
The central parity rate of the yuan, China's currency Renminbi (RMB), dropped 101 basis points, or 0.15 percent, Monday to 6.7098 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System. The Chinese currency gained for eight consecutive days in previous trading. China's central bank announced on June 19 this ye...
A Chinese commerce official on Sunday called on foreign investors to maintain their confidence in the country, promising China would make continuous efforts to improve its investment environment. Qian Fangli, deputy director of the Department of Foreign Investment Administration under the Ministry of Commerce (MOC), made the statement at a forum during ...
The 2010 China Investment and Trade Fair and the first China-Arab States Economic and Trade Forum opened Sunday in northwestern Yinchuan City, with aims to strengthen investment and trade ties between China and the Arabic states. "The forum will certainly strengthen and deepen the traditional friendship and win-win cooperation between China and the Arab...
Japan's trade surplus dropped 37.5 percent in August from a year earlier, the government said Monday. The trade balance posted a surplus of 103.2 billion yen (about 1.2 billion dollars), the first fall since May 2009, according to the report of the Finance Ministry. Imports climbed 17.9 percent to 5.12 trillion yen (about 58 billion U.S. dollars), ...
As the U.S. Congress moved a step closer to punishing China for allegedly manipulating its currency, economists told Xinhua that the bill, even if it became law, would not aid the US economy. "At best, it will have little impact on job creation in the U.S., but it will make some Congressmen feel better while encouraging retaliation from China, which is ...
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