China’s news that it is developing its own state-run search engine is not the country’s first such project, but this time around they are supported by China Mobile Communications and Xinhua News Agency. China Mobile has the world’s largest number… Read More ›
Central Committee Political Bureau Member Liu Qi hopes hopes the 60th anniversary of diplomatic ties between China and Switzerland provides an opening for the two countries to to increase mutual political trust and assistance. Liu, speaking at a reception in… Read More ›
Chinese Vice Premier Li Keqiang has called for other developing countries to extend mutual support with China, and for countries assisted by China to work towards attaining shared benefits. The call was made in Beijing at an exhibition to showcase… Read More ›
The apparent collapse of the joint-venture China-US construction of the world’s largest solar power plant has underscored the perils that can be faced by foreign companies trying to break into the lucrative Chinese market. It also highlights the need for… Read More ›
China’s Ministry of Finance has announced on its website that it will offer an exemption from business tax for offshore service outsourcing companies, in an apparent bid to win business from India and other countries. The exemption, in place from… Read More ›
Chinese state-owned Baotou Steel Rare-Earth High-Tech Co and Jiangxi Copper Corp, two of China’s largest rare-earth miners, have announced a unified pricing system, according to the China Daily. China supplies 95% of the world’s rare-earth oxides, so therefore Baotou and… Read More ›
Ministry of Commerce official Wu Guohua, speaking at the Intellectual Property Rights (IPR) Summit in Beijing, has called for the creation of indigenous brands to ease China’s disturbing intellectual property trade deficit. Wu further stated that it is crucial for… Read More ›
A recent media story, which power companies denied, claimed that almost 65 million power meters in urban China had registered zero consumption over a six month period, which raised a theory that there are enough empty apartments in China to… Read More ›
Mining giant Rio Tinto has posted a record first-half profit, driven by iron ore sales to China, with net earnings up 260 per cent to almost US$6.4 billion. Rio has announced plans to spend about US$13 billion over the next… Read More ›
Billionaire investor Warren Buffet and Microsoft founder Bill gates have revealed they are fans of Chinese suit maker Trands, and Buffet believes China is the future of fashion. Trands, based in Dalian in China’s northeast, is one of several up-and-coming… Read More ›
Major civilian high-tech projects will benefit from China’s decision to scrap import tariffs and value-added taxes (VAT) on key imports used in these ventures. The Ministry of Finance, Customs Department, made the announcement today, stating that the tariffs and VAT… Read More ›
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