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Japan to freeze loans to China over bad ties
Japan plans to temporarily freeze its yen loans to China for the current fiscal year because of worsening relations between the two nations, Kyodo News agency reported Thursday.
A senior Foreign Ministry official told a committee of the ruling Liberal Democratic Party on Thursday of the decision to freeze the loans, Kyodo said in the unsourced report.
Consumer tariff shakes market
China's decision to make sweeping changes to the current consumption tax regime, which was announced on Tuesday and will take effect starting April 1, is turning some public companies into investors' darlings, while making life harder for others.
China and Russia are poised to expand electricity trade
China and Russia are poised to expand electricity trade, a major step toward co-operation in the energy sector.
China Development Bank to go beyond infrastructure lending business
China Development Bank (CDB) will strengthen operations in development financing to fuel the continuous growth of the national economy, its head said yesterday.
China seeks new deal in health reforms
According to Ge's estimate, the building of a new health system that will make health services available and affordable to everyone will cost anywhere between 19 billion to 25 billion U.S. dollars, or around 1.5 percent of China's gross domestic product in 2005. This is an affordable plan for China.
RMB rises to new high against USD
China's currency strengthened on Friday to its highest level against the U.S. dollar since its July 21 revaluation on heightened market forces, a weakened dollar and technical rebounds.
Chinese currency: China doing its best on flexible yuan
China is doing its best to move toward a freely traded currency, a central bank official said, appealing for understanding from two US senators who are threatening trade sanctions unless the yuan's value rises.
China can't pay more for iron ore
China's government won't interfere in price talks between its steel makers and foreign iron ore suppliers, a Cabinet minister said Friday, though the government insisted it can't afford another jump in already high prices. The comments by Ma Kai, the minister in charge of China's main planning agency, came after suppliers expressed alarm at suggestions the world's top steel producer might try to dictate prices following a 71.5 percent rise in iron ore costs over the past year.
EU likely to impose tax on Chinese shoes
The European Commission is likely to impose a provisional tax on imports of Chinese leather shoes, despite disagreement about the move among member states. The final decision, the result of allegations that Chinese firms "dumped" cheap shoes in the European Union (EU), is scheduled to be made next week.
EU anti-dumping tariffs free for some Chinese shoes
Chinese labour safety shoes are likely to be free from European Union (EU) anti-dumping tariffs.
Nations get together to seek energy
The world's heavyweight energy producers and consumers are increasing international co-operation to address growing demands for energy, with several cross-border projects involving China, India and Russia being possible.
Chinese industrial output rises 16.2% in Jan and Feb
Strong domestic buying and exports underpinned growth in China's industrial output to 16.2 percent in the first two months of 2006, over the same period a year earlier.
Tax policy adjustments loom for Chinese companies
China will introduce transitional measures before taking legal steps to bring parity to income taxes for Chinese and foreign-funded companies, said a senior legislator on Saturday.
Guide to Accommodation in Barcelona
Travel to Barcelona is a once in a lifetime experience, ideal for those who like the sensational architecture of Antonio Gaudi. The famous Catalan architect gave this city his unique style and highly individualistic designs, including building and Barcelona apartments, in a style developed since his early days at the city's Escola T¨¨cnica Superior d'Arquitectura, to which he remained affiliated with his entire life.
Sinopec to build oil facility in Hebei
Sinopec, China's biggest oil refiner, said it planned to build two crude oil importing facilities in North China's Tangshan, involving a total investment of 6 billion yuan (US$739.8 million).
China to expand agricultural products export
The Chinese Ministry of Commerce Friday announced the official launching of a fund program to promote China's agricultural products exports in 2006.
China: No timetable on yuan convertibility
China has "no timetable to further relax regulations" about converting its yuan currency under capital accounts, a senior Chinese central banker said on Thursday, apparently tempering earlier reports.
Bank of China files IPO application
Bank of China, the mainland's No. 2 lender, has filed an application this week with Hong Kong's stock exchange for its initial public stock offering, a person familiar with the deal said Wednesday.
China sets higher threshold for foreign insurers
Foreign insurers are going to face a much higher threshold to enter the Chinese insurance market due to the industry watchdog revising the management rule on foreign insurers' representative offices in Beijing.
China central bank says market forces to drive yuan
The People's Bank of China is committed to letting market forces drive exchange rates and interest rates, Wu Xiaoling, a deputy governor of the central bank, told Caijing magazine.
China to issue 60b yuan worth of T-bonds
China said Friday it has decided to issue 60 billion yuan (7.5 billion US dollar) worth of certificate treasury bonds with terms of maturity of up to five years next month, the first batch of of its kind to be issued this year.
Guangdong leads China in GDP ranking
Beijing, China's capital, revised its gross domestic product (GDP) figure for 2004 immediately after the country published the result of the first national economic survey, the Beijing-based Economic Information Daily reported on Thursday.
Overseas ventures crucial for Chinese firms
Chinese companies need to capitalize on overseas mergers and acquisitions (M&A), according to a recent report from the Boston Consulting Group (BCG), a world-leading consultancy firm.
EU made wrong decision on shoe industry
Denying China's shoe-making industry the status of a fair competitor was wrong, industry officials said on Friday, adding that the European Commission's decision runs against the interest of the EU economy.
Tips For the Right Rome Holiday Travel Package
Rome holiday travel packages were never made with only one person in mind; no two people are alike, keep this in mind because the agencies that packed them have kept these in mind, use this fact to haggle your way into cheaper or sometimes better deals. Even if there are ready made packages, you can ask for extra perks especially if you're staying in Rome for more than a week.
Guide to Business Travel To Rome
Planning your business travel to Rome wisely will free you from lots of trouble. Inadequate airline seats, long lines, heavy traffic, and unavailable hotel rooms are just some of the problems a Rome business traveler might encounter. Despite the emergence of e-commerce, businessmen still travel more often for sales and business shows. Here are some tips to make your business travel a successful one:
Tips for Travelers Who are Going to Hong Kong
Hong Kong is a key destination for many travelers. It has a population of more than seven million, scattered all throughout its more than 200 islands. It is located in Eastern Asia, near China and the South China Sea. Formerly, leased to Great Britain, Hong Kong was officially returned to China in 1997. Hong Kong offers diversity in: culture, religion, and lifestyles.
China-US textile agreement takes effect
The China-U.S. textile agreement will take effect as of January 1, 2006, imposing quotas on a total of 21 types of clothing and textiles from China by 2008.
Citigroup raises bid for Guangdong bank
Citigroup Inc, the world's biggest bank, raised its bid for Guangdong Development Bank to 24.1 billion yuan (US$3 billion), trumping two rival offers for the State-owned Chinese lender, sources involved in the talks said.
Tucson, Arizona Travel Guide: A Natural Destination
Today, Tucson, Arizona is the home to 800,000 residents and is an attractive destination to visitors. However, its warm, inviting weather and busy event calendar belie its colorful past. Tucson's history dates back to the time of Christ's birth, and it is among the oldest continually inhabited areas in the United States. According to the Tucson Convention & Visitors Bureau, in 1884 there were 25 saloons in the city. Still on the books is an old law forbidding women to wear pants. John Dillinger was arrested in Tucson, while Wyatt Earp and Doc Holliday made a stop at the train depot before going on to Tombstone.
Discovering Orlando's Historic Downtown Neighbourhoods and Parks
Downtown Orlando offers a welcome reprieve from the purpose-built areas to the south-west of the city that have been created solely to accommodate tourists. In fact, many of the historic downtown neighbourhoods are beautiful, offer a great variety of architecture, and give you a feeling of community where regular people actually live and work.
Exploring Orlando's Loch Haven Park
About 10 minutes north of downtown Orlando is Loch Haven Park, an area that holds a number of major attractions, including theOrlando Museum of Art, the Mennello Museum of American Art as well as the Orlando Repertory Theatre, the Orlando-UCF Shakespeare Festival, the Orlando Philharmonic Orchestra, and the Orlando Science Center.
Exploring Downtown Orlando - A Beautiful Walk Around Lake Eola
After our interesting visits to the Orange County Regional History Center and the Well's Built Museum of African-American Culture and History, we decided to continue our explorations of downtown Orlando and its surrounding historic neighbourhoods. After driving through beautiful residential areas, framed by majestic oak trees adorned by Spanish Moss, we decided to take a stroll around beautiful Lake Eola, which is just minutes from downtown's Heritage Square, home of the Orange County Regional History Center, and every second, third and fourth Saturday of the month is also home to a lively farmer's market. By this time, the sun was starting to set and Lake Eola and the surrounding highrises were bathed in the golden hues of sunset.
An Orlando Jewel: The Wells Built Museum of African American History and Culture
After I had received a general overview of the history of the Orlando area in the Orange County Regional History Center, I wanted to delve a little deeper into the social history of the Orlando area, and the Wells Built Museum of African American History and Culture was going to give me a more in-depth look into Orlando's African American history.
Is Travel Insurance a waste of money - or essential?
A travel insurance policy can be a saving grace when something unexpected crops up. Travel insurance can cover a range of situations, from trip cancellation or delay to medical evacuation.
China must beware dollar fall
China is on track for robust growth next year but a drop in the dollar could fuel pressure on the yuan and erode the country's foreign currency reserves, an adviser to the central bank said in remarks seen on Friday.
Beijing to set example for energy efficiency
Ten governmental departments of the Beijing municipal government have promised to cut their office buildings' energy consumption by 20 per cent next year, an official with the Beijing Municipal Commission of Development and Reform announced yesterday.
Chinese auditors to probe Beijing Olympics
China's state auditors will extend their search for government corruption next year to the 2008 Beijing Olympics, Xinhua news agency said, probing the massive construction schemes being readied for the event.
China hikes interest rate on US dollar deposits
China raised interest rates on US dollar and Hong Kong dollar deposits yesterday, a move that analysts say is a response to higher interest rates on the international market.
Chinese Top official: China's state-owned bank bailouts to end
China's state-owned banks will receive no more government cash bailouts for business losses after they absorb new private investment, the country's top banking inspector told a Chinese-language newspaper.
China's car production sets record
Car production in China grew 52.1 percent in November from the same month last year to a record 291,900 units, breaking the previous record set in June of 275,100 units, according to data released by the National Bureau of Statistics on Friday.
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