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Entries Tagged ‘Beijing’

China to map out policies to guard rural development against financial crisis

BEIJING, Dec. 27 (Xinhua) — Measures to improve China’s agriculture and the income for rural people are expected to come out of an annual rural work conference which began here Saturday.
Presided over by the State Council, or the Cabinet, the conference will map out policies on the country’s rural development for the next few years.
Earlier [...]

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China to increase it’s currency supply by 17%

BEIJING, Dec. 13 (Xinhua) — China plans to increase its currency supply by 17 percent in 2009, 3 or 4 percentage points more than the combined GDP and price rise, the State Council, or the cabinet, said in an on-line statement on Saturday.
At the same time, the State Council decides to increase 100 billion yuan [...]

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China’s domestic logistics turnover hits 75.2 trillion(11 trillion U.S. dollars) yuan in 2007

BEIJING, Nov. 30 (Xinhua) — China saw its domestic logistics turnover increased 23.8 times during 1991-2007 period, representing an increase of 22.2 percent annually.
Domestic logistics turnover increased to 75.2 trillion yuan (11 trillion U.S. dollars) in 2007 from 3 trillion in 1991, said Lu Jiang, China Federation of Logistics and Purchasing head.
Foreign enterprises invested 6,996 [...]

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Investing strategy: “buy what China is buying”

By Craig Stephen
“If you want to invest in China, do not try to pick winners among businesses. Instead, follow government policy.
That was the advice given by one seasoned China private equity investor speaking last week at Hong Kong’s annual Venture Capital Forum held at Cyberport. To be honest, I had expected some secret investment recipe [...]

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Bank of America to Boost China Construction Stake (Update1)

By David Mildenberg
Nov. 17 (Bloomberg) — Bank of America Corp., the company that’s buying Merrill Lynch & Co., plans to almost double its stake in China Construction Bank Corp. to about 19.1 percent.
Bank of America will exercise its option to buy shares in China Construction from China SAFE Investments Limited, the Charlotte, North Carolina-based company [...]

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The politics of global reach are changing rapidly

Iceland went to Russia for aid. Iran is providing hospitals, roads, and schools in Afghanistan……..here is the latest change in world power…from the Nation………..
ISLAMABAD - President Asif Ali Zardari Tuesday said that strengthening of economic links with China would be his top priority during his four-day visit to Beijing.
The President said this to [...]

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The joint venture formed between Japanese advertising firm Dentsu and Focus Media (Nasdaq: FMCN) will be officially established in August

Update: Focus and Dentsu JV
Sohu IT, 7/10/08
A source has revealed that the joint venture formed between Japanese advertising firm Dentsu and Focus Media (Nasdaq: FMCN) will be officially established in August, and that employees of the new JV will come mainly from Dentsu’s interactive division.
Dentsu will reportedly integrate into the JV its primary Chinese operations, [...]

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China’s tax slashed will strengthen U.S dollar

In Asian currency trading, the U.S. dollar bought 103.38 yen. In New York, the dollar changed hands for 103.46 yen late Wednesday and 102.96 yen late Tuesday.
HONG KONG (MarketWatch) — Chinese stocks soared in Shanghai Thursday after the government slashed a tax on share transactions, a move aimed at bolstering a stock market that [...]

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Slowing U.S. economy to cut China GDP by 1%, official says

WASHINGTON (MarketWatch) — The U.S. economic slowdown could cut China’s economic
growth by 1 percentage point, according to Fan Gang, a member of the monetary
policy committee of the People’s Bank of China, Xinhua news agency reported
Sunday. Fan told an economic conference in Boao, Hainan, that the U.S. slowdown
is cutting into trade and investment. The slump in [...]

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