China has scope to tighten or loosen
CHINA had more than enough room to tighten or loosen its fiscal and monetary policies as needed, a deputy central bank governor said in an article published yesterday.
Yi Gang said the global financial crisis had taught Chinese policymakers the importance of leaving plenty of wiggle space for future policy adjustments. China has a large scope, whether in fiscal or monetary policies, to calmly deal with any crisis, he concluded in the article in the latest edition of Qiushi, a magazine published by the Communist Party of China.
Obama seeks votes with clean energy case
CHINA S top energy official said the United States was playing electoral politics with an announcement that it would investigate a union complaint that the Chinese Government gave unfair subsidies to its alternative energy industry.
Does America want to get fair trade or a genuine dialogue, or get transparent information? National Energy Administration Director Zhang Guobao asked at a Beijing press conference Sunday. I think not it seems America s main reason is to get votes.
China may sign Browse LNG project s deal
WOODSIDE Petroleum Ltd., Australia s second-largest oil producer, could reach an initial agreement to supply liquefied natural gas (LNG) from its Browse project to China by the end of 2010, George J. Gilboy, head of its China unit, said Sunday.
Chinese energy companies are building LNG terminals as part of the government s plan to use more of the cleaner-burning fuel. Woodside has supplied 3 million tons of the fuel a year since 2006 to China National Offshore Oil Corp. s terminal in Guangdong, the nation s first.
Packaging sector output to exceed US$180.5b
THE output value of China s packaging industry would exceed 1.2 trillion yuan (US$180.5 billion) this year, an increase of 20 percent over last year, a spokesperson for the China Packaging Federation said over the weekend.
Areas near Bohai Bay, the Yangtze River Delta and the Pearl River Delta account for 81 percent of the industry s total output, the spokesperson said.
