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> News of the day < China has taken another step towards internationalising its currency and reducing reliance on the US dollar with the announcement of new rules to allow select companies to invoice and settle trade transactions in renminbi. |
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Two of China’s biggest oil groups have approached Repsol YPF, the Spanish oil company, over possible asset purchases and joint ventures worth billions of dollars, according to people familiar with the matter.
If successful, the Chinese proposals could lead to the largest outward investment deals undertaken by Chinese companies, which are eager to gain access to [...]
The instant reaction in the oil industry to reports that China National Petroleum Corp was in talks to buy the majority of YPF of Argentina from its Spanish parent Repsol YPF was that the Spaniards would be delighted, and the Chinese in danger of being fleeced.
As the English like to say to someone who has [...]
Chinese companies have for the first time issued more corporate bonds than their Japanese counterparts over the past year, marking another milestone in the development of China’s capital markets.
Record Chinese issuance in the first half also surpassed Japanese companies’ own record sales during this period.
The increase in Chinese debt sales, which has been a feature [...]
Chinalco is set to participate in Rio Tinto’s rights issue, maintaining its stake in the miner just one month after the Chinese group walked away from a deal that would have seen it invest $19.5bn in return for holdings in nine of Rio’s mining assets.
People close to Chinalco say the state-owned group has exercised its [...]
The coalition government in Harare is discussing a credit line of almost $1bn with China, after Morgan Tsvangirai, Zimbabwe’s prime minister, secured less funding than had been hoped during a three-week trip to Europe and the US.
Mr Tsvangirai told a press conference in Harare yesterday that Tendai Biti, his finance minister, had negotiated a $950m [...]
HONG KONG — Tourists who board the Star Ferry in Hong Kong are treated to two unusual sights: the city’s famed skyline — and the demonstrators who regularly gather at the Kowloon pier to accuse the Chinese government of torture and murder.
Anywhere else in China, the protests by the spiritual group Falun Gong would be [...]
HANGZHOU, July 1 (Xinhua) — An A/H1N1 flu patient died “accidentally” Wednesday in east China’s Zhejiang Province, local health authorities said late Wednesday.
The 34-year-old woman was found dead at 7:35 a.m. in her ward lavatory at the No.1 People’s Hospital of Xiaoshan District in Hangzhou, the provincial capital, according to the [...]
China asks for reserve currency discussion at G8
* Euro spikes vs dollar as headlines reach investors
* Analysts say reaction overdone
By Nick Olivari
NEW YORK, July 1 (Reuters) – Foreign exchange investors reacted quickly to news from anonymous sources that China is requesting a reserve currency debate at next week’s meeting of the Group of Eight [...]
Tens of thousands of Hong Kong residents took to the streets on Wednesday to march over issues ranging from democratic elections to better governance of banks as the city marked the 12th anniversary of return to Chinese rule.
Braving the sweltering heat, organisers said 76,000 people joined the annual democracy rally. Police estimates put attendance at [...]
‘NOT AGAINST’: The minister of foreign affairs said that Taiwan does not oppose its diplomatic allies setting up economic and trade offices in China, or vice versa
By Mo Yan-chih and Flora Wang
STAFF REPORTERS
Friday, Jul 03, 2009, Page 1
“His remark, on some level, reflected the [political] reality, but he should not have used the term [...]
DONGGAOCUN, China — Perhaps the only thing more aurally challenging than a roomful of novice violinists screeching their way through “Mary Had a Little Lamb” is a roomful of novice violinists screeching along on out-of-tune instruments.
“Stop,” Chen Yiming shouted to her students, an enthusiastic bunch, ages 8 to 47. “Can we please pay attention to [...]
BEIJING – Until last week, Alice Li’s summer plans were simple: work part-time at a convenience store, study for graduate exams and go to the amusement park with friends.
The upcoming celebration of 60 years of communist rule in China has changed all that. For many students in Beijing, the summer holidays will instead center around [...]
BEIJING – China said Thursday it opposed part of a landmark U.S. bill to cut greenhouse gas emissions, saying tariffs should not be imposed on countries that do not cut emissions.
“We are firmly against such attempts to advance trade protectionism under the pretext of climate change,” Vice Foreign Minister He Yafei told reporters in Beijing.
The [...]
Yesterday, I pointed out that China’s Green Dam Youth Escort software purloins a 2006 version of Solid Oak’s CyberSitter net-nanny software and that the developer – Jinhui- was involved in drafting specifications for “parental control software” also in 2006. It seems that this software has been around since ‘06.
(This morning, the Chinese news agency Xinhua [...]
Flights from Lhasa to Shenzhen via Chongqing, which had been suspended since the end of March 2008, officially resumed on July 1 due to market demand. The flights take off at 2:20 pm from Lhasa on Wednesdays, Fridays and Sundays, reporters learned from Shenzhen Airlines on June 30.
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