BEIJING – China has seen egg and garlic prices surge over the past two weeks despite expectations that inflation will further moderate, drawing calls for better distribution and information services to stabilize farm produce prices. The average price of fresh eggs soared nearly 20 percent from May 21 to Tuesday, its the fastest increase recorded, [...]
A growing number of Chinese exporters expect wider use of the yuan in trade settlements to avoid rising exchange-rate risks, after watching export profits dwindle in recent years. "We aim to use the yuan in trade settlements with clients. But most buyers from Europe and the United States are unwilling to accept price quotations we [...]
China's subsidies to energy-saving home appliances, which aim to put domestic home appliance makers at an advantage compared to the foreign brands, will help domestic technological upgrade and consolidate the industry, market insiders said Tuesday. In an effort to boost consumption and bolster the slowing economy, the Ministry of Finance (MOF) released a new stimulus [...]
CHINA yesterday called on foreign consular operations to stop releasing their own air quality readings. Only the Chinese government is authorized to monitor and publish air quality information and data from other sources may not be standardized or rigorous, Wu Xiaoqing, a vice environmental minister, told reporters. The US Embassy in Beijing and the US [...]
Hu welcomes Putin as both leaders pledge to boost ties and cooperation in various sectors. With the signing of key commercial deals and the promise of greater political cooperation, China and Russia cemented their partnership on Tuesday against an uncertain world and regional scenario highlighted by the fluctuating Middle East crisis and shifting Asia-Pacific landscape. [...]
(Beijing) – More crude is leaking at an oilfield in the Bohai Sea in northeastern China where a major spill occurred last year. In the latest incident, ConocoPhillips China said 0.6 tons of crude oil were spilled on June 3 at the Penglai 19-3 field. ConocoPhillips China and China National Offshore Oil Corp. (CNOOC) own [...]
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