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China, Russia reach consensus on bilateral energy cooperation

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China publishes rules regarding foreign firms' representative office registration

China on Thursday published a regulation on the registration administration of resident representative offices for foreign companies. The regulation, to become effective in March 1, 2011, includes rules on the registration, establishment, information change, cancellation of ...

China, Russia pledge closer anti-drug cooperation

Chinese State Councilor Meng Jianzhu and Russia's drug control agency chief Victor Ivanov met here Tuesday and vowed to enhance practical cooperation in drug control. Meng, also Minister of Public Security, said China wanted to work with Russia to improve the information exchange ...

China, Russia willing to expand cultural cooperation

China and Russia are willing to further advance cooperation on the humanities sector, said senior Chinese and Russian officials here Monday. At the 11th session of the China-Russia commission on cooperation on humanities, Chinese State Councilor Liu Yandong hailed the significant ...

China, Russia quit dollar

China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday. Chinese experts said the move reflected closer relations between Beijing ...

GDP 'to slow this year'

The country's gross domestic product (GDP) growth is expected to retreat to 9.8 percent this year, with inflation likely to be under control at 3.7 percent, a government think tank said on Saturday. "Tighter credit and a higher economic growth base in 2010 will drag down the 2011 ...

US companies continue to bet on China's growth

As the United States struggles to shake off the shadow of the financial crisis, many US companies are increasing their investments in China -- betting that the country will continue to deliver high growth for years to come. US industry giants, such as General Electric, Procter & ...

China's NBS sees 4% inflation in 2011

China's average consumer price rises will be around 4 percent in 2011 but inflation will not be "malicious", Yao Jingyuan, chief economist at the National Bureau of Statistics (NBS), said in remarks published on Monday. China had recorded seven years of bumper harvest in grains, ...

Oil ends first trading day of 2011 at 27-month high

Crude prices on Monday ended the first trading day of 2011 with a 27-month high on positive economic data and cold weather forecast. Data released on Monday gave more evidences about the improving economy of the biggest oil consumer, boosting the oil demand expectation. According ...

Hong Kong ranks world's freest economy for 17th straight year

Hong Kong has been ranked as the world's freest economy for the 17th consecutive year in the 2011 Index of Economic Freedom rankings released by the Heritage Foundation and Wall Street Journal Wednesday. The city has secured the top position since the index was first published in ...

Xinjiang economy likely to expand 10.5% in 2010

The economic growth rate of Northwest China's Xinjiang Uygur autonomous region is likely to hit 10.5 percent in 2010, Xinjiang's Party Chief Zhang Chunxian said Wednesday. The region's gross domestic product is likely to reach 5 trillion yuan ($757.58 billion) for 2010, he said. ...

New rules for China's overseas contractors

The Chinese government will introduce new guidelines to strengthen its efforts in improving and regulating the performance of overseas project contractors, a move that will help companies establish their brands, said a vice-minister of commerce on Wednesday. "Chinese overseas ...

China seeks assurance on assets in US

Beijing on Wednesday asked Washington to assure the security of its financial assets in the country, as the United States is likely to further press China to revalue its currency during President Hu Jintao's visit there next week. "Regarding the security of China's assets in the ...

OPEC weekly oil price jumps above 90 U.S. dollars

The weekly average price of the Organization of Petroleum Exporting Countries (OPEC) continued to increase and exceeded 90 U.S. dollars last week, reaching 90.96 dollars per barrel, the Vienna-based cartel said Monday. OPEC weekly average prices have kept rising for six ...

China-Vietnam trade up 42.4% in first 10 months

Trade volume between China and Vietnam in the first 10 months climbed 42.4 percent from a year earlier to $23.12 billion, a Chinese official said Tuesday.

Small yuan appreciation good for Chinese economy: central bank

A small and gradual appreciation of yuan will have a significantly more positive than negative impact on China's domestic economy, said a senior Chinese central bank official on Thursday. According to a Reuters' report, Sheng Songcheng, chief of the statistics department of the ...

Oil rises on weaker dollar, blizzard

Crude prices rebounded on Tuesday as the U.S. dollar sank and a blizzard boosted heating oil demand. The U.S. dollar index, which tracks the dollar performance against a basket of currencies, dipped on Tuesday as several U.S. economic data disappointed the market. Hit by a ...

U.S. stocks slip on downbeat economic data

U.S. stocks slipped on Tuesday as the latest reports on home prices and consumer confidence disappointed investors. The S&P/Case-Shiller index showed that home prices in 20 metropolitan regions fell 1 percent in October from the previous month, a much steeper drop than economists ...

China to stabilize prices as New Year comes

With the New Year and China's Spring Festival approaching, China will improve efforts to stabilize prices and ensure abundant supply of essential commodities, according to an official circular issued Sunday. Cracking down on price speculation and related market manipulation ...

China targets 10 pct annual growth of foreign trade in 2011

China has set targets of 10 percent growth both in foreign trade and non-financial overseas direct investment in 2011, a senior commerce official said Wednesday. Huo Jianguo, president of the Chinese Academy of International Trade and Economic Cooperation under the Ministry of ...
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