Tag: China

• Friday, March 4th 2011 - 05:56 UTC

  China ready to implement lower tariffs to boost imports

  

  China will reduce import tariffs on a range of products and further cut red tape involved in import application procedures, to “maintain balanced trade” according to statements from a senior official to a local newspaper.

• Tuesday, March 1st 2011 - 00:07 UTC

  China lowers annual economic growth target from 7.5% to 7%

  

  China's Prime Minister Wen Jiabao says China is lowering its annual economic growth target from 7.5% to 7% and is determined to contain soaring prices. He was speaking in a question and answer session with internet users in what has become an annual online chat. Mr Wen said China needed to ensure that growth was sustainable.

• Sunday, February 27th 2011 - 23:14 UTC

  China plans to build 45 new airports in the next five years

  

  China plans to build at least 45 new airports in the next five years to serve booming travel, the top industry regulator said last week.

• Saturday, February 26th 2011 - 05:43 UTC

  China became in 2010 Chile’s biggest provider for consumable goods

  

  Chilean Central Bank data this week confirmed ha China is now the biggest provider of consumable goods to the country. In 2006, the main providers of consumable goods to Chile were the US, Argentina and Brazil.

• Friday, February 25th 2011 - 06:33 UTC

  China will participate in Brazil’s next oil and gas bidding round

  

  China's Sinopec Corp said it planned to participate in Brazil's next oil and gas bidding rounds, which should be resumed after the passage of a reform of the country's oil law expected this year.

• Tuesday, February 22nd 2011 - 00:03 UTC

  China raised fuel prices for the second time in three months

  

  China has raised fuel prices for the second time in three months as it looks to offset a jump in global crude costs. However, the move has raised questions over government attempts to slow inflation.

• Saturday, February 19th 2011 - 06:03 UTC

  G20 negotiators fail to agree targets to reduce global imbalances

  

  Negotiators have failed to agree targets to reduce global economic imbalances on the first day of the two-day G20 meeting in Paris. The countries want to better coordinate economic policies to avoid a repeat of the 2008 global financial crisis.

• Friday, February 18th 2011 - 23:48 UTC

  Argentina/Brazil agree on monitoring committee to oversee bilateral trade

  

  Argentina and Brazil agreed Friday to set up a Monitoring Committee in order to exclude Brazilian products from being affected by the imports non-automatic licence system announced this week by the administration of President Cristina Fernandez de Kirchner.

• Friday, February 18th 2011 - 16:38 UTC

  China again raised bank reserves (eight times in 12 months) to rein inflation

  

  China’s central bank raised reserve requirements for lenders 10 days after boosting interest rates as Premier Wen Jiabao tackles accelerating inflation and the risk of asset bubbles in the fastest-growing major economy.

• Thursday, February 17th 2011 - 03:25 UTC

  Brazil as concerned with the US dollar as with China’s Yuan

  

  Brazil is as concerned about the decline of the U.S. dollar as it is about the Chinese currency and has no plans for a joint initiative with Washington to press China to let its currency appreciate faster, said Finance Minister Guido Mantega