Trade News

Foreign investment hits 650 bln USD in decade: officialJun 7, 2011

Statistics official said Saturday that foreign investment that poured into China over the past decade has topped 650 billion U.S. dollars. Yao Jingyuan, a chief economist with the National Bureau of Statistics (NBS), said at a forum that over past decade, China's foreign direct investment (FDI) reached 653.14 billion U.S. dollars at an annual growth rate...

China's steel giant reports pollution reductionsJun 7, 2011

The Baoshan Iron and Steel Co., Ltd.(Baosteel), a leading Chinese steel maker, has said its pollution to the environment has fallen sharply during the past five years. A company statement said the company's sulfur dioxide emissions in 2010 had fallen by 63 percent from 2005, while the COD (chemical oxygen demand) emissions had decreased by 85 percent. ...

Malaysia's state oil giant, Petronas to intensify oil field explorati...Jun 7, 2011

Malaysia's state oil and gas giant, Petroliam Nasional Bhd or Petronas is "aggressively intensifying" its efforts in unleashing potential resources to boost oil production as the world struggles with the tightening of energy supply-demand balance. Petronas' Chairman, Shamsul Azhar Abbas said, when addressing the 16th Asia Oil and Gas Conference here on ...

France's Alstom wins 500-million-euro deal in IsraelJun 7, 2011

Alstom, France's leading group in rail engineering and power generation, unveiled on Monday a business agreement with Israel to build a power plant worth 500 million euros (729 million U.S. dollars). "Alstom has signed today an EPC (engineering, procurement and construction) contract worth approximately 500 million euros with Dalia Power Energies Ltd. to...

Japan's foreign exchange reserves hit record high in MayJun 7, 2011

Japan's foreign reserves rose to a record 1.139 trillion U.S. dollars at the end of May from 1.136 trillion U.S. dollars at the end of April, marking a third- straight month-on-month rise, the Ministry of Finance said in a report on Tuesday. Japan's foreign reserves were increased by higher foreign bond prices, particularly U.S. Treasury bonds and gains...

19th Kunming Import, Export Fair opens in SW ChinaJun 7, 2011

The 19th China Kunming Import and Export Fair kicked off Sunday evening in Kunming, the capital city of southwest China's Yunnan Province. Chinese State Councilor Dai Bingguo officially opened the five-day fair, which will conclude on June 10. Foreign leaders including Sri Lanka's Prime Minister D.M. Jayaratne and Laotian Deputy Prime Minister Somsava...

China's Dagong downgrades Greece's credit rating Jun 3, 2011

China's credit rating provider, Dagong Global Credit Rating Co. Ltd., announced Friday that it has adjusted its rating for Greece's local and foreign currency sovereign credit from BB to CCC level. The rating agency described the country's credit outlook as "negative" for the next two years while also warning of short-term debt default risks. Dag...

China moves to improve safety of nuclear power plants after Japanese c...Jun 3, 2011

The Chinese government, drawing lessons from Japan's recent Fukushima nuclear crisis, is working on nuclear safety planning and conducting more regular safety inspections for nuclear facilities, a senior official said in Beijing on Friday. Vice Minister of Environmental Protection Li Ganjie made the remarks at a press conference, saying the Japanese cr...

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