Tag: China

• Friday, July 1st 2011 - 01:38 UTC

  Beijing-Shanghai high speed train link begins commercial operations

  

  High speed trains linking Beijing and Shanghai made their commercial debut on Thursday on a 33 billion US dollars track China hopes will open a new page to the country’s rail history and help ease its overloaded transport system.

• Monday, June 27th 2011 - 15:09 UTC

  Chinese local governments have piled a debt equivalent to 1.4 trillion USD

  

  Fresh evidence shows that Chinese local governments commit the same sins as their counterparts in South America and even Spain, where most provinces, states and regional autonomies traditionally pile billions of dollars in debt that following some political arrangement are finally bailed out by the central government.

• Monday, June 27th 2011 - 06:40 UTC

  Global rice production reaches 476 million tons in 2011; strong Mercosur recovery

  

  Global rice production is expected to touch 476 million tons in 2011, on the back of improved weather conditions, as the influence of La Niña is expected to neutralize by June, United Nation’s body FAO said.

• Sunday, June 26th 2011 - 02:46 UTC

  China loans and oil prices boost Ecuador economy two years after default

  

  Ecuador’s bonds are rewarding investors with the best performance in Latin America as Chinese loans and higher oil prices boost confidence in the economy two years after the country defaulted on 3.2 billion US dollars in debt.

• Friday, June 24th 2011 - 22:58 UTC

  China says it can control inflation and maintain robust growth

  

  Chinese premier Wen Jiabao has said that China can control inflation and maintain its robust growth. Writing in the Financial Times, Mr Wen said “price rises will be firmly under control this year”.

• Friday, June 24th 2011 - 18:33 UTC

  China readies its first carrier, “a symbol of a great nation”

  

  Chinese military officials have confirmed that the country is completing work on its first aircraft carrier, based on the hull of Russian carrier Varyag.

• Tuesday, June 21st 2011 - 02:24 UTC

  “With a few drops of its reveres, China can finance Ecuador’s development”

  

  Ecuadorian president Rafael Correa said China has one of the largest liquid international reserves in the world and could with “a few drops” finance the development of his country and the whole of Latin America.

• Friday, June 17th 2011 - 16:43 UTC

  Venezuelan billionaire teams up with Chinese banks to invest in Latam

  

  Venezuelan billionaire Gustavo Cisneros is setting up joint ventures with Chinese banks to carry out investment in Latin American commodities industries.

• Wednesday, June 15th 2011 - 22:46 UTC

  Argentina attracted 40% of all Chinese investments in the region in last 12 months

  

  Argentina attracted 40% of all Chinese investments in the region in the last twelve months (June 2010/May 2011) and prospects remain “optimistic” reveals a report from Deloitte.

• Tuesday, June 14th 2011 - 15:09 UTC

  China hikes bank reserves to contain inflation; food costs up 11.7% in May

  

  China's central bank raised bank reserve ratios on Tuesday for the ninth time since October to try to curb inflation, which is running at its fastest pace in almost three years.