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04/28/2012

U.S.,Philippine Defense, Foreign Affairs Officials to Discuss Alliance

WASHINGTON, April 27 (Xinhua) — The United States and Philippine defense and foreign affairs officials will discuss the alliance between the two nations Monday at the U.S. State Department, the American defense officials said Friday. Secretary of State Hillary Rodham Clinton and Defense Secretary Leon E. Panetta will meet with Philippine Foreign Affairs Secretary Albert [...]

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04/28/2012

Relations of China and Russia Reach New Heights

Cooperation between China and Russia has huge potential, Vice-Premier Li Keqiang said in Moscow on Friday. "The China-Russia all-around strategic partnership is unprecedented at the moment, and I believe the cooperation between the two countries could reach a new high, as there is a wide range of areas that we could jointly develop," said Li [...]

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04/28/2012

Yuan Tumbles in Intraday Trade

THE yuan experienced its biggest daily fluctuation yesterday despite the central bank setting central parity at a record high for a second straight day – a sign that the currency is gaining in flexibility. The People's Bank of China set the central parity rate at 6.2787 against the dollar, the highest since 2005 when the [...]

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04/28/2012

Facing Risks, Sino Fund Gets Forex for Africa

The official China-Africa Development Fund (CADF) recently tapped the government's massive foreign currency stash to support company expansions in Africa. The fund's parent, China Development Bank (CDB), arranged the US$ 2 billion worth of eight- to 10-year loans at bargain interest rates after CADF's cash injection plan, some two years in the making, won State [...]

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04/28/2012

Vice Premier Stresses Anti-piracy Efforts on World IP Day

Chinese Vice Premier Wang Qishan has called for a continued fight against piracy and counterfeit products following the destruction of millions of copies of pirated publications and documents. "The crackdown on the infringement of intellectual property rights (IPR) and the making and selling of counterfeit goods is of historical importance and should be carried out [...]

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