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China's should focus on upgrading trade structure: report

The focus of China's foreign trade policy next year should shift to promoting the upgrading of trade structure from stabilizing external demand, the State Information Center (SIC) has said. Despite enhancing recovery in exports, the government should encourage companies to add ...

China imposes anti-dumping measures on EU fasteners

China's Ministry of Commerce (MOC) announced Wednesday that it was to impose temporary anti-dumping measures against imports of EU carbon steel fasteners. The preliminary ruling requires importers of certain types of carbon steel fasteners such as screws and bolts to pay deposits ...

China's foreign trade to grow 15% next year: report

China's foreign trade is projected to grow 15 percent next year, according to a report released by the China Institute for WTO Studies on Friday. The report forecasts imports to increase by 15 percent and exports up 13 percent. With the external demand improving and the global ...

China to levy low tariffs on more than 600 commodities in 2010

China is to impose temporarily low import tariffs on more than 600 energy and resource-consuming commodities next year, in a bid to promote domestic economic restructuring and resource conservation, the Ministry of Finance (MOF) announced Tuesday. The targeted commodities ...

China's Telecom company sees Indonesia as one of biggest markets in Asia Pacific

China's Zhongxing Telecommunication Equipment (ZTE) sees Indonesia as one of the biggest market in Asia Pacific area and will strengthen cooperation with local telecommunication companies in the future, an senior ZTE official said Friday. Cui Yi, president of Asia Pacific Region ...

Chinese company purchases theatre in U.S.

China Heaven Creation International Performing Arts Co. Ltd (CHC) Monday formally took over the ownership of the White House Theatre in Branson, Missouri, making the first ever successful purchase of an American theatre by a Chinese company. Cao Xiaoning, CEO of the Chinese ...

Siemens inks 2 bln yuan green deals with Chinese companies

Siemens AG, Europe's largest engineering company, yesterday said it signed orders worth 2 billion yuan and other agreements with Chinese partners this week, most of which are for environmentally friendly products and solutions. The orders cover a wide range of the company's ...

China fast-tracks foreign investment

China yesterday announced further measures to streamline procedures enabling major overseas investments on the mainland. In the latest initiative, new rules have been enacted involving the establishment of partnership firms. The rules, effective next March, allow overseas ...

China's auto sales, output exceed 1 mln in Nov.

China's auto production and sales almost doubled the previous year figures to reach 1.39 million and 1.34 million units in November, the China Association of Automobile Manufacturers (CAAM) said Tuesday. Overall auto production topped 12.27 million units in the first11 months, up ...

Chinese businessmen suffer from Dubai property crunch, but still keep confident

When many mega-constructions, including the world's tallest building Dubai Tower, kept on rising from the sands in the Middle East, Chinese investors' confidence had been sky high on Dubai property market as well. But all seem to have become a passing memory, as the confidence ...

China approves coal-mining company's bid for Australian Felix

China's Yanzhou Coal Mining Co. Ltd. has got an official approval to take over Australian coal mining company Felix Resources, according to the company's bulletin on the Hong Kong Stock Exchange on Friday. The deal involving 3.3 billion Australian dollars (3 billion U.S. dollars) ...

AMD says China is expected to be its largest single market by 2012

Global innovative technology leader Advanced Micro Devices (AMD) said yesterday that China could become the company's largest single market within the next two years, boosted by the country's booming rural market and increasing demand for notebooks. The observation came from AMD ...

China's Sinosteel taps Turkish market

With competitive prices and improved quality, China's steel giant Sinosteel Corporation is exploring the market potential in Turkey's steel industry as an equipment provider and contractor. The Sinosteel Equipment and Engineering Co., Ltd. (Sinosteel MECC), a subsidiary of ...

China to review anti-dumping measures against EU, ROK, U.S. chloroform

China would launch a review of the anti-dumping measures against chloroform imports from the European Union, the Republic of Korea (ROK) and the United States on Monday. The Ministry of Commerce (MOC) announced the decision on its website Sunday one day before the measures were ...

CNPC expects more overseas discoveries

China National Petroleum Corp., the country's biggest oil and gas producer, expects additional "important" overseas energy discoveries this year after striking oil in Sudan, Chad and Kazakhstan, China Daily reported Wednesday. The company's Prosopis C-2 well at Block H and the ...

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 ...

German state seeks Chinese capital

North Rhine-Westphalia, Germany's richest state which houses several business giants, including Bayer, Bertelsmann and Deutsche Telekom, extended a red carpet to Chinese investments yesterday.

Australia allows Chinese company's stake in mineral project

A Chinese state-owned company is allowed to take up to a 50 percent stake in an Australian mineral development project, Australian Associated Press reported on Thursday. Centrex Metals Ltd, which is listed on the Australian Securities Exchange, said Australia's Foreign Investment ...

China's sovereign fund buys 20% stake in clean energy company

China Investment Corporation (CIC), the nation's sovereign wealth fund, would spend 5.5 billion HK dollars (709.69 million U.S. dollars) to buy about 20 percent stake in a Hong Kong-based new energy company, said a report posted on CIC's website Thursday. The company said it had ...

Forty-six U.S. business executives to visit China

Forty-six U.S. business executives will join U.S. Commerce Secretary Gary Locke in China and Indonesia May 15-25 on the first cabinet-level trade mission of the Obama Administration, the Commerce Department said on Tuesday. On the heels of President Obama's new National Export ...
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