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Xinjiang plans to be China's top oil producer
URUMQI: Xinjiang Uygur Auto-nomous Region plans to overtake Northeast China's Daqing to become the country's largest oil production area in the next few years, said a top local government official yesterday.
New rules bring foreign cash on track
The official website of the Shandong State Assets Regulatory and Management Committee announced the news at the weekend. The committee has put forward six local rail lines for foreign investors. Three of the projects can be solely funded by foreign money, and two others are preparing to shift property rights.
Beijing to have 5m cars by 2020
Beijing is expected to have 5 million automobiles by 2020, which means nearly every family has its own car, according to a 57-page Beijing Transport Development Compendium.
Tax policies need to be fair
It is time to examine the tax system and lower the tax burden, says an article in the International Finance News, an excerpt follows:
China's Bank of Communications to list in Hong Kong
China's Bank of Communications, the country's fifth-largest commercial lender, plans to list in Hong Kong on June 23 after launching an initial public offering.
China offered Tax incentives to spur stock market
China announced decisions Monday to exempt some equity transactions from stamp tax and dividends from corporate and personal income tax in an effort to boost its bearish stock market.
China scolds US for textile restrictions
HONG KONG - Chinese Vice Premier Wu Yi criticized the U.S. on Monday for unilaterally slapping a restriction on textile imports from China, saying that America should have tried to resolve the trade dispute with trade talks.
The European Union's trade chief suggested China to consider linking the value of the yuan to a basket of foreign currencies
The European Union's trade chief suggested Saturday China consider linking the value of the yuan to a basket of foreign currencies, including euro, in order to ward off increasing pressures from Washington.
EU, China clinch deal on textile trade
The European Union and China clinched a deal on Friday limiting the rise in Chinese exports of textiles and clothing to the EU until the end of 2008, averting the imposition of quotas that could have soured ties.
First mainland-made Taiwan ship on maiden voyage
The 17.5-ton bulk cargo ship Zhonghua Heping (Chinese Peace), kicked off its first sail here toward South Africa after being formally handed over to its owner, a Taiwan-based shipping company from a Shanghai-based dockyard.
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