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Archive

Archive for February, 2009

IFB Bid for Henan Sustainable Agriculture and Productivity Improvement Project

February 25th, 2009

henannongye Invitation for Bids

Date: 18 February 2009
Loan No.: 2395-PRC
Project: Henan Sustainable Agriculture and Productivity Improvement Project
IFB No.: 0708-082007SKY004
Title: Apple Juice Concentrate Equipment of Sanmenxia Yuanfen Fruit Industry Co., Ltd
1. This Invitation for Bids follows Read more…

Popularity: 2% [?]

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IFB Bid for Zhengzhou-Xi’an Railway Project

February 23rd, 2009

zhengzhouxi'an Invitation for Bids (IFBs)

Bid No.: 0702-0920CITC1004

Date: 18 February 2009

The People’s Republic of China has received a loan from the Asian Development Bank (ADB) towards the cost of Zhengzhou-Xi’an Railway Read more…

Popularity: 2% [?]

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IFB Bid for Broadcasting Infrastructure Improvement Project

February 23rd, 2009

ningxia INVITATION FOR BIDS

Date: February 19, 2009

Loan Agreement No.: C03-P199

Invitation for Bid No.: 0701-09304Q001/01

0701-09304Q001/02

1. The Ministry of Finance of the People’s Republic of China has received an ODA Loan from Read more…

Popularity: 2% [?]

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SIPI focuses on medicine industry

February 23rd, 2009

SIPI Though SIPI may sell its crown jewel, its share price still rises. The upward trend of SIPI’s shares is due to its sales with Brilliance Group on Feb 6.

After hitting the peak point of 14.15 yuan last Friday, SIPI shares ended with 13.21 yuan a share.

Approved by the shareholders of SIPI, the 1.06 billion yuan’s sale between its subsidiary and Brillance will be helpful for its core pharmaceutical business. It is said that SIPI’s subsidiary has owned 21.17% stake in Hong Kong-listed Lianhua. Read more…

Popularity: 2% [?]

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Buy American will worsen temporary situation

February 23rd, 2009

buyamerican A clause in a sweeping economic stimulus package would undermine the country’s foreign policy and threaten the relations with other countries, especially with China, according to economists and scholars.

The main purpose of the ‘Buy American’ clause in a bill that President Barack Obama made law on Tuesday is to release $787 billion to rescue the US economy. The stimulus law says US iron and steel would be used for government projects.

It also states that the ‘Buy American’ provision be applied reducing US responsibilities without international agreements, and this Read more…

Popularity: 2% [?]

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China needn’t to be responsible for US crisis

February 20th, 2009

jinrongweijizhongguozeren Sino-Us relations is now facing new challenges due to the global economic crisis, said Morgan Stanley Asia Chairman Stephen Roach on Tuesday at the US Congress’s US-China Economic and Security Review Commission.

Roach said that during the recession while the America’s unemployment gets high, it is inevitable for people to believe what Geithner has commented—China is playing a more influential role in this crisis. His words were rooted from what Read more…

Popularity: 2% [?]

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Website opened to Help Foreign Traders

February 20th, 2009

guangdongwang The provincial government of Guangdong opened a website the day before yesterday aiming to provide the Guangdong companies which are engaged in foreign trade with useful information.

Wan Qingliang, Vice-Governor, said that the website www.gd218.org.cn will function as an effective tool for the businesses in Guangdong at the lunch ceremony. It will report the messages Read more…

Popularity: 2% [?]

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80,000 Job Offers for Beijing Grads

February 20th, 2009

beijingqiuzhi Considering the influence of the global economic slowdown on the employment of college graduates, the municipal bureau of personnel declared yesterday that graduates with a Beijing Hukou or permanent residence permit will receive at least one job offer by suitable employers in the coming month.

Lu Lin, director of the bureau’s college graduate employment department, said job seeker can register at related departments in Beijing’s 18 districts and countries and then these departments will match Read more…

Popularity: 4% [?]

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China to be one of the top five life insurance markets

February 20th, 2009

life-insuranceAccording to McKinsey& Company, China will be one of the top five life insurance markets in the world by 2015 with up to $275 billion gross written premiums (GWP). The rapid emergence of the middle class, the shift of high savings to investment products and broader distribution channels will contribute to the growth.

“The slumping demand, shrinking bancassurance and the regulatory move arising from the financial woes may affect life insurers in the short term, but the market in China is promising in the future,” said McKinsey partner Joseph Ngai.

It is indicated that GWP in the domestic life insurance market will grow annually by 16-19 Read more…

Popularity: 2% [?]

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A New Record in Web Shopping

February 20th, 2009

wanggou Shanghai, as is shown in a report by the iResearch Consulting Company, ranked the first among all the cities in China in the aspect of online shopping. It has spent an amount of 16.5 billion yuan, or $2.4 billion, online in 2008, with 2,200 yuan each person. The report was conducted recently through interviews with 100,000 Internet users all over the nation, and 84 major websites were taken advantage of as terraces.

The total amount of web shopping in 2008, 120 billion yuan, has risen to a new height and it was 128.5 percent higher than that in 2007. Read more…

Popularity: 2% [?]

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