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China's power glut to continue as consumption growth falls to 8-year-low
BEIJING, Feb. 4 (Xinhua) -- China will see a continuous power glut in 2009 as the global economic downturn forces factories to scale back output and electricity consumption, accord...
China's home-made cartoon rakes in record 30 mln yuan from opening weekend
The Chinese cartoon "Pleasant Goat and Big Big Wolf" has become the biggest box office winner of home-made animations with a take of 30 million yuan (about 4.39 million U.S...
Shanghai Airlines forecasts heavy loss for 2008 on oil price, demand
Shanghai Airlines, one of China's local airlines, said losses in 2008 might more than double from 2007 because of weak travel demand and hedging losses, the company said in a n...
China's first acquisition loan lends out
The China Development Bank signed a contract Tuesday to extend 1.63 billion yuan (240 million U.S. dollars) in acquisition loan to the CITIC Guo'an Group, the first such case a...
China allows listed commercial banks to resume exchange-based bond trades
China allows listed commercial banks to resume exchange-based bond trades
GOV.cn Tuesday, January 20, 2009
China's listed commercial banks will be allowed to trade bo...
China to boost ties with Europe amid global economic downturn
China is seeking to intensify ties with European countries amid a protracted global economic slump through its premier's upcoming visit to Europe, analysts said.
China annou...
Chinese mainland, HK sign currency-swap pact
The Monetary Authority of Hong Kong (HKMA) signed a currency-swap agreement with the People's Bank of China, or the country's central bank, in Hong Kong Tuesday.
The cur...
Bank of China to open office in Brazil in 2009
The Bank of China, one of the four state-owned commercial banks in China, will start its business in Brazil in March 2009, the bank's general manager ZhangJianhua said Thursday...
China makes policies to address difficulties of enterprises, promote economic growth
China's State Council, or the Cabinet, said on Wednesday that more efforts would be made to encourage enterprises to upgrade technology and engage in independent innovation.
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China central bank cuts interest rates to spur growth
China's central bank slashes the lending and deposit rates by 1.08 percentage points as of Thursday in the latest strong effort to stimulate economy.
The People's Bank o...
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