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Petrobras gets $10 bln loan from Chinese bank

Petrobras, a Brazilian multinational energy company, signed a 10-year contract on Tuesday for a 10-billion-dollar financing from the China Development Bank Corporation, the company source confirmed Wednesday. The fund would be used to finance the Petrobras Business Plan 2009-2013 ...

China's overseas investment helps global recovery

China's increasingly voracious investment in overseas markets is helping the global economy - and especially the economies of developing countries - recover from the financial crisis, according to several speakers at the First China Overseas Investment Fair Tuesday. Chinese ...

Morgan Stanley keen to exit CICC

Global financial services giant Morgan Stanley is yet again looking to sell its entire holdings in China International Capital Corp. (CICC), the country's first and most profitable investment bank, China Daily reported Thursday. The U.S. investment bank had asked potential buyers ...

Hong Kong, New Zealand sign agreement to boost wine trade

Hong Kong and New Zealand signed an agreement to cooperate on wine-related business here on Wednesday, in a bid to bolster Hong Kong's development as regional wine trading and distribution hub. The agreement, namely an Arrangement for Co-operation on Wine-related business, was ...

Buildings worth 600 mln HKD completed in September in Hong Kong

The declared cost of the new buildings completed in Hong Kong in September totaled about 600 million Hong Kong dollars, said Hong Kong's Buildings Department on Tuesday. According to the Buildings Department, it has approved 30 building plans in September, 14 on Hong Kong Island, ...

U.S. sets preliminary duties on China steel products

The U.S. government announced preliminary determination in the countervailing duty investigation on imports of prestressed concrete steel wire strand from China, according to a statement released by the Commerce Department on Tuesday. The department said that Chinese producers ...

Trade Ministers of China, Japan, South Korea oppose protectionism

Economic and Trade Ministers of China, Japan and South Korea vowed here Sunday to oppose trade protectionism in all forms. "We will oppose trade protectionism in all forms, uphold a fair, free and open global trading and investment system," said a joint statement issued after the ...

S Korea plans to increase investment in plant and livestock breeding

South Korea is planning to increase investment in plant and livestock breeding so as to meet its domestic demand and expand exports in this field, the government said on Monday. According to the Ministry for Food, Agriculture, Forestry and Fisheries, the government will inject ...

Jiangsu Topped the List in Foreign Investment in China

Jiangsu is the most concentrated area of foreign investment in Mainland China, about 400 among the world top 500 enterprises has invested in Jiangsu. The utilization of foreign capital in Jiangsu has topped the list in Mainland China for six consecutive years. Jiangsu Province ...

Australia says to maintain long-standing welcoming stance towards Chinese investment

Australian Foreign Minister Stephen Smith said here Monday Australia maintains a long-standing, consistent, open and welcoming stance towards foreign investment, from wherever it comes, including from China. In a speech addressed to Australia National University's China Institute ...

Myanmar puts off opening of biggest business organization office in China

Myanmar has put off the opening of the resident office of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) in China's Nanning, which was originally scheduled for this month on the occasion of the 6th China-ASEAN expo, sources with the UMFCCI said on ...

Trade fair sends strong signal of export upturn

An important barometer of China's foreign trade, the Canton Fair reported late Tuesday a strong rebound in foreign purchase and buyers compared with the last session in April, an encouraging sign of the country's export amid the continuing global recession. The first phase of the ...

Chinese shares end mixed Wednesday

Chinese equities closed mixed Wednesday with the major Shanghai index edging down 0.45 percent after rising for two consecutive trading days. The benchmark Shanghai Composite Index dropped 13.87 points, or0.45 percent, to end at 3,070.59. The Shenzhen Component Index gained 16.48 ...

Sixth China-ASEAN Expo opens to embrace free trade area

China and ten southeast Asian countries are enhancing mutual trading ties and making final preparations for Asia's largest free trade area(FTA) as a high profile exposition and an investment summit opened here Tuesday. Amid lingering global economic downturn and rising trade ...

China's investment in water conservancy projects reaches record high

China's investment in water conservancy projects reached a record high of 142.7 billion yuan (20.9 billion U.S. dollars) in 2009, Minister of Water Resources Chen Lei said Sunday. The total spending more than doubled the investment of 65.54 billion yuan in 2008. Among last year's ...

China to become 2nd largest trade partner of Philippines as recovery takes hold

Despite the slump during the global economic crisis, trade between China and the Philippines will takeoff again and China is even expected to overtake Japan as the Philippines' second largest trading partner in the near future, officials said. After growing more than 30 percent ...

Malaysian businessmen to seek opportunities from China-ASEAN FTA

Malaysia s Associated Chinese Chambers of Commerce and Industry (ACCCIM) will explore opportunities in China following the full implementation of the China-ASEAN Free Trade Agreement (FTA). Its Executive Adviser Soong Siew Hoong told Xinhua here on Monday that Malaysian ...

Commerce ministry to impose anti-dumping duties on butanediol from Taiwan, Saudi Arabia

The Ministry of Commerce said Thursday that it would impose anti-dumping duties on imports of 1,4-butanediol (BDO) from Saudi Arabia and Taiwan, starting Friday. In a statement on its website, the ministry said Taiwan and Saudi Arabia had dumped BDO products on the Chinese ...

Foreign investors return to China as economy warms up

China's economic recovery is alluring back overseas investors who had withdrawn from the country under the tide of the global financial crisis. In Qingdao, an eastern China port city, the number of overseas investors coming to make investment in the Chengyang District has been on ...

China's foreign trade to fall 16% in 2009: minister

China's foreign trade is expected to decline 16 percent in 2009 from a year ago, to about 2.2 trillion U.S. dollars, the Minister of Commerce said on Thursday. The annual retail sales is likely to rise more than 15 percent to 12.5 trillion yuan (1.84 trillion U.S. dollars), ...
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