After the examination of Aluminum Corp of China’s (Chinalco’s) investment in Rio Tinto, the Australia government has decided to extend another similar examination of two more Chinese firms’ investment in the country’s miners.
According to what OZ Minerals said on Monday, the country’s Foreign Investment Review Board would extend its review of the takeover of OZ Minerals by China’s Minmetals from March 24 and the examination would last for 90 days. Read more…
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Australia, China, economy, examination, firm, government, investment
As a college graduate in Shanghai this year, Yu Min is still looking for a job. Though it is difficult to find a good job this year, Yu Min does not feel anxious, for she has planed well.
The student from the shanghai University of science and Technology wanted to apply for the Shanghai World Expo volunteer program, which he believed would bring her “some experience to build necessary social skills” while getting involved in “such an exciting” event.
If she failed to find a satisfactory job this year, at least she could do something in this world-class event, which would benefit Read more…
Popularity: 2% [?]
China, economy, expo, graduates, job, Shanghai, volunteer
Contracts on 45 investment projects have been signed between Jiangsu province and 35 State-owned enterprises (SOEs) in Beijing last month, which are 222 billion yuan totally.
The most competitive State-owned enterprises, such as Sinopec and State Grid, will Read more…
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China, Contract, economy, GDP, Jiangsu, project, SOE
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…
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China, crisis, economy, law, policy, purpose, relations, U.S.
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…
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China, economy, export, Guangdong, import, traders, website
Owing to a series of industry and market support measures that the government applied, it unprecedentedly breaks the record last month and China outstrips the US in automobile sales.
In February 10, China Association of Automobile Manufacturers (CAAM) said that China sold totally 735,500 units of vehicles in January, 14.5 percent less year-on-year because of the falling demand, and, compared with December, it drops slightly 0.83 percent. However, it is Read more…
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automobile, China, economy, industry, market, sales, U.S.
A series of trade barriers will be caused by the “buy American” products only clause in the $787-billion US economic stimulus package while large exporters, such as China will be hurt by this move, economists said last Sunday.
It is obvious that trade protection is certain to rise, said Mei Xinyu, a trade expert form the Ministry of Commerce. The current situation will stay for some time, he said, referring to the lasting effects caused by the US stimulus package. Read more…
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China, economy, protectionism, recession, trade, U.S., world
Economist are aroused by puzzle and anxiety bought by the tremendous drop in import and export in January, which did not even stop declining during the Spring Festival.
Compared with the last year, the General Administration of Customs figures, Read more…
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China, decline, drop, economy, export, impact, import
According to China’s Ministry of Industry and Information Technology (MIIT) last week, it is considering cutting tax for lead-acid battery exporters in order to stop them from laying off workers.
An MIIT official said they are discussing the report but no conclusion has appeared. His team is waiting for industry figures from last year and will decide whether to Read more…
Popularity: 3% [?]
China, economy, export, industry, policy, recession, report, tax
With the world Expo hold here, the local will have great increase of confidence.
Premier Wen hold a meeting about the preparations for the expo and ask the preparations team to get the construction of the facilities more fast and get ready of the quality service.
As the meeting means for the singe person, the Shanghai academy of Social Science researcher Qiao zhao-hong said: it is the order to get national support and worldwide intelligence to host the Expo.
Read more…
Popularity: 2% [?]
China, confidence, construction, economy, expo, preparation, world
After the examination of Aluminum Corp of China’s (Chinalco’s) investment in Rio Tinto, the Australia government has decided to extend another similar examination of two more Chinese firms’ investment in the country’s miners. 
