Yuan starts trading with Australian, Canadian dollars
BEIJING, Nov. 28 (Xinhua) -- China opened its currency market to direct trading of the yuan against the Australian and Canadian dollars on Monday, bringing the total of foreign currencies that can be directly traded with it to nine. The central parity rate for the yuan against Australian doll...
+ MoreChina’s Road Passenger, Cargo Traffic Continues to Expand
China's road passenger and freight transport extended growth in the first 10 months of 2011, a transportation official has said. From January to October, the country's road transportation served 27.2 billion passengers, up 7.7 percent from a year earlier, while overall ship passengers climbed 8.4 pe...
+ MoreThe largest megawatt wind turbine installed in Sheyang,Jiangsu Province
China’s first 6MW offshore wind turbine was successfully installed in Sheyang, Jiangsu Province recently. The wind turbine is wholly developed by Sinovel and is the largest installed megawatt wind turbine in China. Schaeffler provided both the main shaft bearing and the pitch bearing as well as the ...
+ MoreChina gives new-energy vehicles official nod
BEIJING, Nov. 25 (Xinhua) -- New-energy vehicles are now officially on the Chinese government's list of "to-buy" vehicles, according to a new high-level directive. The regulation, jointly issued lately by several government and Party organs, includes new-energy vehicles such as plug-in hybrids and ...
+ More195 of China’s homegrown C919 passenger jets have been ordered
SHANGHAI, Nov. 23 (Xinhua) -- BoCom Leasing on Wednesday signed a deal with Commercial Aircraft Corporation of China, Ltd. (COMAC) to buy 30 of the nation's homegrown C919 large passenger planes. The financial leasing arm of China's Bank of Communications (BoCom), the nation's fifth largest lender,...
+ MoreChina’s Imports Likely to Double in 5 Years
In the coming five years, China's imports are expected to more than double to exceed 8 trillion U.S. dollars, Yi Xiaozhun, China's Permanent Representative to the World Trade Organization (WTO) said in an open forum held at the WTO headquarters Thursday.In recent years, China has enhanced its effort...
+ MoreWorld Bank projects 8.4 pct growth for China in 2012
SINGAPORE, Nov. 22 (Xinhua) -- The World Bank on Tuesday projected a growth of 9.1 percent for China in 2011, followed by a slower growth of 8.4 percent in 2012. The developing East Asia as whole is expected to grow by 7.8 percent in 2012, down from 8.2 percent this year as the growth contin...
+ MoreChina, U.S. Hold Annual Trade Talks in SW China
China and the United States held the 22nd Session of China-U.S. Joint Commission on Commerce and Trade (JCCT) on Monday in the southwestern city of Chengdu.Chinese Vice Premier Wang Qishan co-chaired the meeting with U.S. Commerce Secretary John Bryson and Trade Representative Ron Kirk. Senior Chine...
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