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Chinese oil demand growth slows again - International Energy Agency
China's rapid oil demand growth turned negative in April as Chinese refiners ran down stocks and cut petroleum product imports, the International Energy Agency said on Friday.
China's money supply and credit growth showed a steady rise
China's money supply and credit growth showed a steady rise in May, providing further evidence that government austerity measures are keeping the economy on the right track.
PetroChina invests in overseas venture
To boost stagnant domestic reserves and forge a platform for overseas expansion, PetroChina, China's largest oil and gas company, has agreed to pay 20.7 billion yuan (US$2.5 billion) for overseas assets in its State-owned parent.
Shanghai film festival shoots for the stars
Amid Chinese success at Cannes and box offices around the world, the mainland's only international film festival opens on Saturday in Shanghai. For the next nine days, the Eighth Shanghai International Film Festival will act as a bridge between China's and overseas film industries.
China Construction Bank announces pre-tax profit increase
China Construction Bank, one of China's largest State-owned banks, said yesterday its pre-tax profit rose 34.01 per cent last year compared with 2003. Pre-tax profit, audited by the international accounting firm KPMG, stood at 50.2 billion yuan (US$6 billion) in 2004.
China reforms customs declaration system
From July 1, 2005, aircraft passengers going through Chinese customs will need to fill in paper forms for entry-exit declaration, the General Administration of Customs (GAC) announced on Thursday.
Hong Kong - UK economic relations continue to thrive
British Consul General Stephen Bradley said in Hong Kong Thursday that the British and Hong Kong trade and investment are growing, and he believed that the bilateral economic relations continue to thrive.
EU threatens to react if no China textile deal
European Trade Commissioner Peter Mandelson, in Shanghai for last-minute talks with China over its surging textile exports, warned on Friday that the European Union would take action if no deal was reached.
China to have strategic oil reserve soon
SINGAPORE - China is on track to complete building its first strategic oil reserve storage tanks by August, but Beijing has not indicated when it may start filling them in the face of high oil prices, an industry official said on Friday.
Talks between EU and China avert textile trade war
After 10 hours of tough negotiations, China and the European Union finally agreed late on Friday night to avoid escalating the textile trade disputes. The two sides agreed that by the end of 2007, the rate of increase of certain textile exports will be fixed.
Siemens sells mobile phone biz to BenQ
According to the agreement, BenQ will acquire all of Siemens' development and manufacturing locations in Manaus, Brazil, and Kamp-Lintfort, Germany, along with administrative functions as well as the sales and marketing organization.
Desire to buy home drops to record in China
For the long-term development of the country's real estate market, the Chinese government should normalize present taxes and fees and try to implement a unified real estate tax as early as possible, Wang said.
Bankers reject US bid on China currency
The Bush administration's effort to increase pressure on China to overhaul its currency regime got less than rave reviews from Federal Reserve Chairman Alan Greenspan and key central bankers from China, Europe and Japan.
SigmaTel sets up office in China
SHENZHEN: SigmaTel Inc, one of the world's leading analogue intensive, mixed-signal integrated circuit suppliers, has opened its first office in the Chinese mainland as part of a bid to tap the bonanza in China's gigantic consumer electronics market.
New rules to help private businesses in China
Efforts are being stepped up to remove legal hurdles hindering the development of China's 3.4 million private enterprises. Officials with the Law Department of the All-China Federation of Industry and Commerce (ACFIC) said yesterday that some of the country's laws and regulations conflict with central government efforts to allow private enterprises achieve their potential.
Beijing launches plan to save sparse energy
Energy-hungry Beijing has officially kicked off a conservation-minded programme to build a recycling economy. Beijing will try and use the fewest possible resources to gain a sustainable development. The Beijing government yesterday released a long-term guideline on energy conservation that runs up to 2010, which is the first of its kind in Beijing, a city where 94 per cent of energy is imported from other provinces and regions.
China's Vitamin C makers ready for legal battle
China's vitamin C manufacturers are preparing to contest an anti-trust lawsuit filed by two rivals in the United States. "The vitamin company has hired lawyers to deal with this case," said Wellcome Pharmaceutical Co on its website. The company received a summons from a US court last Wednesday.
Textile issue must not bar trade
China's commerce minister has warned against allowing the textile issue between China and the United States to become an "obstacle" to other trade. Bo Xilai illustrated the country's stance over ongoing textile trade frictions to the US public in an interview with the US Public Broadcasting Service, the ministry's website said yesterday.
Shanghai Maglev train may fly on London line
Known as the Maglev (magnetic levitation) train, China's flagship transport system takes eight minutes to hurtle the 30 kilometres from Shanghai airport to the city's outskirts -- a journey which takes up to an hour by car.
Wu Yi: Textile issue China's top concern
A senior Chinese official urged the United States to properly settle the Sino-US textile trade issue and claimed that the protection of intellectual property rights are progressing in China.
World Bank, China join hands to fight poverty
The World Bank yesterday launched the China Development Marketplace (DM), a programme to identify and support innovative development ideas which can be expanded or replicated in China.
Automation No 1 aim for Schneider
Schneider Electric has set its sights on becoming No 1 in China's building automation market. Already the world's leading provider of power distribution and industrial controls solutions, Schneider hopes to expand its business in China through partnerships with local companies, and acquisitions.
Boeing seals mammoth deals
Boeing yesterday signed US$600 million worth of contracts with Chinese companies for the production of commercial airplane components. Deals included the first-ever confirmed agreement to produce parts for the brand new Boeing 787 Dreamliner.
San Diego Zoo
San Diego Zoo is undoubtedly the city of San Diego's most famous attraction. Located in the beautiful Balboa Park, just northeast of the city centre, the San Diego zoo is considered to be one of the most impressive in the world with the largest collection of animals, birds and reptiles in North America.
Sinopec buys into Canadian oil sands
China Petrochemical Corp, the parent company of Sinopec, and a Canadian company yesterday announced the refiner will pay 105 million Canadian dollars (US$84 million) for a stake in Canada's Northern Lights oil sands project.
Economist: China can sustain 8% growth for next decade
China is not in danger of overheating and will be able to sustain growth of 8 percent a year for the next decade, a leading economist said on Tuesday.
HongKong investment to help 3,500 Hunan projects
Hunan Province expects to introduce Hong Kong investment for over 3,500 provincial projects during the Hunan-Hong Kong trade fair from May 31 to June 3.
China may cancel stock market dividend tax
Updated: May 31, 2005
China was considering canceling the dividend tax paid by shareholders to liven the laggard stock market. Unidentified sources said that the State Council met last Tuesday and decided to remove the dividend tax beginning June 1.
China willing to solve textile issue via talks
Chinese Minister of commerce Bo Xilai said in Beijing Monday that the Chinese government is still looking for a proper solution by negotiations with the United States and the European Union (EU) on the textile trade issue.
China may use forex funds to buy oil
China is exploring ways to use some of its huge foreign exchange reserves to buy imported oil, according to a published report Tuesday.
Bank of China to sell $10b stake to investors
The Bank of China, on of th the country's largest lenders, plans to sell stakes worth 10 billion dollars to strategic investors to help it recapitalise.
China moves to safeguard textile jobs
In a move to safeguard thousands of jobs, China declared it will scrap - after only 10 days - its sharply increased export duties on Chinese-made textiles.
The San Diego Museum of Art
The San Diego Museum of Art is known in the art world for its Spanish Baroque and Renaissance paintings, including works by El Greco, Goya, Rubens, and van Ruisdael, San Diego's most comprehensive art museum also has strong holdings of South Asian art, Indian miniatures, and contemporary California paintings.
Balboa Park Travel Guide
Balboa Park covers a huge 1,200 acres and it's minutes away from downtown San Diego. It has over 85 cultural and recreational organizations here, including fifteen museums and various performing arts groups, like the Marie Hitchcock Puppet Theatre and the world-famous Old Globe Theatre, which presents at least 14 productions and 550 performances a year. And speaking of "world famous," Balboa Park is also home to the San Diego Zoo, where you can stroll around the 100-acre grounds, discovering colorful and exotic species of animals displayed in spacious natural habitats.
San Diego Travel
San Diego is a big city, where locals take pride in its small-town feel. With more than 1 million people living within the city limits, San Diego is second only to Los Angeles in population among California cities and ranks as the seventh-largest municipality in the United States. It also covers a lot of territory, roughly 400 square mi of land and sea.
Atlanta attractions: Atlanta Cyclorama & Civil War Museum
Atlanta's Cyclorama is the vivid retelling of the battle of Atlanta in an unusual art form whose popularity lasted less than 20 years. Commissioned by General John "Blackjack" Logan to further his political aspirations, the painting is now displayed in Grant Park, just west of the site of the battle.
Atlanta Travel Guide
In the past two decades Atlanta has experienced unprecedented growth -- the official city population remains steady, at about 420,000, but the metro population has grown in the past decade by nearly 40%, from 2.9 million to 4.1 million people.
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