News
BEIJING, June 25 (Xinhua) -- Chinese urbanites have a greater tolerance to high prices, are prudent to making investment and more willing to buy insurance, according to a central bank survey in the second quarter. In a poll of 19,600 people from 49 cities nationwide, 45 percent said the current price level was too high to tolerate.
BEIJING, June 3 (Xinhua) -- Almost one quarter of businesses in quake-hit Sichuan, Shaanxi, Gansu and Chongqing have reopened since May 12 earthquake, said the Ministry of Commerce (MOC) on Tuesday.
Chang Xiaocun, director of the MOC market construction department, said the earthquake damaged 70,527 businesses, and the losses hit 32.46 billion yuan (4.64 billion U.S. dollars).
BEIJING, May 28 (Xinhua) -- China is to change import duty rates on 26 types of goods, such as cutting the rate for frozen pork, blood albumin, human vaccine and cotton, among others. The Ministry of Finance said in an announcement here on Wednesday that it would halve the import duty on frozen pork to 6 percent from June 1 to Dec. 31.
BEIJING, May 22 -- China dropped two places to 17th in the latest World Competitiveness Yearbook compiled by Swiss business school IMD, but its position has generally continued rising in recent years, the compilers said on May 21, 2008. This year's drop isn't statistically significant, and "China has been on the upward path" in recent years, IMD World Competitiveness Center research fellow Suzanne Rosselet said.
BEIJING, May 13 (Xinhua) -- China's corporate goods price (CGP) index, also called the wholesale price index, jumped 10.3 percent year-on-year in April, or 0.7 percent month-on-month, according to figures released on Tuesday by the People's Bank of China (PBOC), the central bank.
IT IS a triumph of sorts. The counterfeit Louis Vuitton, Chanel and Hermes handbags, Rolex and Omega watches, and DVDs that once filled the stores in the vast Lo Wu City shopping mall in Shenzhen's bus and rail complex have disappeared. Throngs of officers patrol to ensure they do not return. It is a clear statement of intent at a crossroads famous for selling knock-offs just over the border from Hong Kong.
The announcement on October 25th that Industrial and Commercial Bank of China (ICBC) would buy 20% of Standard Bank in South Africa for $5.6 billion was a telling example of China's new foreign-investment strategy. It achieved many objectives simultaneously, some of which are not immediately obvious. If the progress of foreign firms in China sometimes seems a bit like a game of draughts, with companies jumping over themselves to gain better positions, the advance of Chinese firms abroad is more like a game of chess.
The 15th Statistical Inquiry presented by Acimac (Constructors of Machineries and Tools for Ceramics Italian Association) records a turnover 2006 equal to 1.702,1 millions of euro, in bending of the 4,2%.
The last two years for Italy marked an excellent performance in the sector of solar energy: this trend have to be inserted in the background of the European expansion of this field with the leadership of Germany and Austria from several years.
