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COFCO's investment in NW Xinjiang to double in the next 5 years: Chairman Ning Gaoning of China National Cereals, Oils & Foodstuffs Corporation (COFCO), said Sunday the corporation's total investment in the northwestern Xinjiang Uygur Autonomous Region would reach 10 billion yuan (1.46 billion U.S. dollars) over the next five years. Ning made ...

Energy giants launch expansion: the world's biggest chemical maker, and China Petroleum and Chemical Corp (Sinopec), the nation's dominant refiner, began construction yesterday on a 1.4-billion U.S. dollars expansion of their petrochemical joint venture in east China. The second phase of BASF-YPC Co in Nanjing, ...

Ford begins construction of new plant in China: U.S-based Ford Motor Co. began building a new plant in China's southwest Chongqing city Friday, mainly to produce the next generation Focus car. Covering about 100 hectares with a total investment of 3.34 billion yuan (490 million U.S. dollars), the plant is being jointly built ...

China's new loans to hit 1.8 trillion yuan over next four months: report: Monthly new yuan-dominated loans over the next four month were expected to reach 450 billion yuan (65.9 billion U.S. dollars), a report from Galaxy Securities said Wednesday. The report forecast that mid-to-long term new lending would see a steady increase fueled by a continuing ...

Cambodia's trade with Hong Kong down 24 pct to end July: Bilateral trade between Cambodia and China's Hong Kong dropped 24.39 percent in the first seven months year-on-year, local media reported Wednesday. Citing the data released by the Hong Kong Trade Development Council, the reports said trade between the two sides fell to 288 ...

Angola becomes China's largest trade partner in Africa: ambassador: Angola had become China's largest trading partner in Africa, with bialteral trade rising to 25.3 billion U.S. dollars in 2008, Chinese Ambassador to Angola Zhang Bolun said here on Friday. Although the two countries are facing tough challenges arising from the current global ...

China's export to see slight growth in Q4: ADB report: Asian Development Bank (ADB) predicted that China's export was likely to switch from negative to positive growth in the fourth quarter this year. The welcome change was led by the stimulus policies taken by the Chinese government to boost its export in the wake of economic ...

China's export tax rebate up 8.6% in first eight months: China's tax rebate for exporters increased by 8.6 percent in the first eight months, according to the State Administration of Taxation. China rebated 263.35 billion yuan (38.73 billion U.S. dollars) to its exporters in the first 8 months, an increase of 8.6 percent. In August ...

China's MOC sets conditions on GM-Delphi deal: China's Ministry of Commerce (MOC) issued a statement late Monday saying it would approve U.S. automaker General Motors Co.'s (GM) plan to buy part of parts supplier Delphi Corp, but set conditions on the deal to avoid restricting competition. The approval came after an anti...

Chinese shares open slightly lower on Monday: Chinese shares opened slightly lower on Monday morning, with the benchmark Shanghai Composite Index down 0.07 percent to open at 2,974.64. The Shenzhen Component Index rose 0.12 percent to open at 12,047.74.

Chinese mainland-Taiwan trade volume down 29.7% in first three quarters: Trade volume between the Chinese mainland and Taiwan was 73.63 billion U.S. dollars in the first three quarters, down 29.7 percent year on year, according to the Ministry of Commerce. Mainland's exports to Taiwan were 13.92 billion U.S. dollars in the first nine months, down 31.6 ...

GM president: China becomes GM's largest market this year: President and CEO of General Motors Frederick A. Henderson said here Tuesday that China has surpassed U.S. to be the largest market for the automobile giant. "Interestingly, if we look at China s market this year, we found the market has surpassed U.S market in size for GM," he ...

Foreign brands eye Chinese market for growth at China's largest trade fair: The on-going Canton Fair, China' s largest trade fair in the southern Guangzhou City, has for the first time attracted a U.S. real estate company. The Bay Realty Group, Inc. rented three standard booths for the exhibition. "We are the first U.S. real estate company to the fair, ...

Coca-Cola Tests China's Milk Beverage Market: US soft-drink giant Coca-Cola launched its first dairy drink in Shanghai on Monday as it expanded its presence into the Chinese milk beverage market, the Beijing News reports. The domestically-produced new product, Minute Maid Pulpy Super Milky drink, a mixture of fruit juice, ...

China's FDI up for third consecutive month in October: The amount of foreign direct investment (FDI) China received rose for the third consecutive month in October, up 5.7 percent year on year to 7.1 billion U.S. dollars, said Yao Jian, spokesman of the Ministry of Commerce hereon Monday.

Strong China sales boost Philippine's Jollibee Foods July-Sept profit by 12.8%: Philippine fast food giant Jollibee Foods Corp.'s (JFC) net profit in the first nine months of the year rose 12.8 percent to 1.85 billion pesos (395 million U.S. dollars) thanks to robust sales from its fast-growing operations in China. In a disclosure submitted Wednesday to the ...

China's 1st Sino-foreign refining, petrochemical JV goes into operation: China Petroleum and Chemical Corp., known as Sinopec, on Wednesday put into commercial operation the country's first Sino-foreign joint venture combining refining and petrochemical operations. The facility, located in Quanzhou in the southeast China's Fujian Province, will triple ...

Bolivia approves contract with China for $60 mln loan: The Bolivian government on Wednesday approved a supreme decree authorizing a contract with the People's Bank of China, China's central bank for a 60 million-U.S.-dollar loan, which will be used to improve Bolivia's hydrocarbons sector. Bolivian Hydrocarbons Minister Oscar Coca ...

World's leading construction equipment manufacturer to increase investment in China: Terex, the world's third largest construction equipment manufacturer, would further increase its investment in China though its business was affected by the financial crisis, China Daily reported Tuesday. The newspaper offered no details on the investment. Terex acquired the ...

Chinese investments in Italy increase: Chinese investments in Italy, although still limited compared with that in the rest of Europe, are growing with more and more Chinese firms operating in the country's strategic sectors, said an Italian government agency on Thursday. Invitalia, the Italian governmental agency for ...

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