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Entries Tagged ‘Beijing China’

Security getting worse in economic downtrend in China

BEIJING (AP) — China plans to set up a special unit to crack down on organized crime, which is on the increase as the country’s economy slows, state media said Monday.
The Ministry of Public Security is creating a new division that will focus on gang-related crimes such as organized prostitution, gambling, drug production and trafficking, [...]

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China says lending to US will not go on forever

BEIJING (AFP) — China warned Wednesday it would not keep lending money to the US economy indefinitely, even as new data showed it had consolidated its position as the top buyer of American government bonds.
“China’s increased purchase of US Treasury securities should not be interpreted as an endorsement of the assumption that the US can [...]

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China to Increase Supply of Money to Boost Economy

BEIJING (AP) — China said it plans to increase the amount of money circulating in its economy next year in a new effort to spur consumer spending and shield the country from a global downturn.
Saturday’s announcement by the country’s State Council, or Cabinet, comes on the heels of a multibillion-dollar economic stimulus package announced last [...]

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China eliminates export tax on steel

China cuts export taxes to spur economic growth
The Associated Press
Published: November 12, 2008
BEIJING: China announced Wednesday that it will scrap export taxes on steel and grain and cut duties on thou sands of other goods, adding to efforts to spur economi c growth following the release of a multibillion-dollar stimulus plan.
The cut in export duties, [...]

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China Life Unit: Studying Possible Overseas Buys Amid Turmoil

China Life Unit: Studying Possible Overseas Buys Amid Turmoil
Last Update: 9/18/2008 3:16:01 AM
BEIJING (Dow Jones)–China Life Insurance (Group) Co. recently held special
meetings to study potential opportunities for overseas acquisitions amid the
market turmoil, Zhang Fengming, vice president of the group’s asset management
unit, said Thursday.
“We have kept seeking targets overseas and domestically for strategic investment
but we are [...]

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China Construction Bank Cuts Fannie, Freddie Bond, MBS Hldgs

China Construction Bank Cuts Fannie, Freddie Bond, MBS Hldgs
Last Update: 8/25/2008 5:52:47 AM
BEIJING (Dow Jones)–China Construction Bank Corp. (0939.HK) said Monday it had
cut its holdings of bonds and mortgage-backed securities related to Fannie Mae
(FNM) and Freddie Mac (FRE) to just above US$2 billion by the end of July from
US$3.2 billion at the end of June.
CCB [...]

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WESTWOOD ONE PRESENTS COVERAGE OF THE 2008 SUMMER OLYMPIC GAMES LIVE FROM BEIJING, CHINA

– Friday, August 8 through Sunday, August 24, 2008 –
– All stations airing Westwood One’s Olympic coverage can be found using the
Station Finder located at www.westwoodone.com –
New York, NY — July 24, 2008 — Westwood One (NYSE: WON) proudly presents the 2008 SummerOlympic Games live from Beijing, China beginning Friday, August 8 through Sunday, August [...]

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China says March inflation eases to 8.3 percent, economy grew 10.6 percent in 1st quarter

BEIJING (AP) — China’s surging inflation and rapid economic growth have eased slightly amid government efforts to end food shortages and cool an investment boom, according to data reported Wednesday.
Consumer prices rose 8.3 percent in March compared with the same month last year, down slightly from February’s 8.7 percent rate, the highest in nearly 12 [...]

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