Chinese challenges remain in 2010
China's economy is forecast to be in the fast lane in 2010...
COSCO's drilling rig wins praise
A fast-growing shipyard in China has built the world's first round deepwater drilling rig, which can pump out oil even from freezing seawaters. The $600-million rig was delivered last week to Norwegian oilfield services group Sevan Marine,...
China seeks to expand state compensation
BEIJING: China's top legislature on Thursday began group review of an amendment to the state compensation law, which, if approved, will expand the coverage of compensation. One may seek compensation if he is found innocent even when his arr...
China loosens grip on short-term foreign debt
China raised its short-term foreign debt quota for financial institutions by 12 percent this year in an effort to support foreign trade financing of domestic businesses, said the State Administration of Foreign Exchange (SAFE) here Friday....
China's Geely acquires Australian auto supplier
China's largest independent carmaker Geely Automobile confirmed Friday that it had acquired Drive train Systems International (DSI), the world's second largest auto transmission supplier. The agreement signing ceremony was held Friday in Ne...
PetroChina's net profit for 2008 down 22%
PetroChina Company Limited reported Wednesday its net profit for 2008 dropped by 22 percent from a year ago, due to fuel price caps, windfall taxes and decreased demand in the last quarter of the year. Net profit totaled 114.431 billion yua...
Chinese warned against "depressed" East European
Chinese citizens should not go to Poland or some other central and eastern European countries for work in the near future, the Ministry of Commerce said Tuesday in an online notice. Many overseas Chinese workers in the region had not been p...
China holds economic seminar
China's Jilin province hold a Jilin-Indonesia Economic and Trade Seminar in Jakarta on Tuesday, aiming to expand cooperation between entrepreneurs from the two sides. Chen Weizhen, the visiting deputy governor of the Northeast China's provi...
Protectionism only makes world economy worse
Trade protectionism will only make the already ailing world economy even worse, said Chinese Commerce Minister Chen Deming at thejust concludedChina Development Forum in Beijing. Amid global economic recession, Chen expressed Sunday his str...
China offers "one-stop" service to farmers buying
Chinese policemen are going to the countryside to give farmers easier access to driving license examinations as the government's subsidies on car and motorcycle purchasing take effect, according to the Ministry of Public Security. The minis...
PetroChina Company Limited reported Wednesday its net profit for 2008 dropped by ...
Chinese policemen are going to the countryside to give farmers easier access to d...