Archive for April, 2007

Gold production increases at average annual rate of 5.6%

China is now the gold and jewelry trade center of the world, with the volume of sales increasing at an annual rate of approximately 20%. Gold and jewelry trade has become an industry with a lot of potential.
The China Gold Association announced on April 25 that China’s gold production has grown from 181 tons [...]

Sustainability key for metals

More than 200 metal traders, brokers, refiners and producers from around the nation gathered at a three-star Shanghai hotel recently to find a strategy for more efficient use of raw materials mainly copper and aluminum, whose prices are expected to continue rising.
Delegates to the Copper and Aluminum Summit, organized by the China Nonferrous Metals [...]

Banker: China should use forex to buy oil

China should find more ways to use its huge foreign exchange reserve by “reasonably” increasing the holdings of gold and buying strategic resources, including oil and metal, said a central bank vice governor Tuesday.
However, Xiang Junbo said he was not speaking on behalf of the People’s Bank of China and giving his own opinion in [...]

China urged to rein in industrial production

China may see its economy further accelerate, posing even more challenges, if growth in its industrial output continues to speed up, the central government said yesterday.
To address the situation, China has to take more measures to rein in industrial production, which jumped 18.3 percent in the first quarter from a year earlier, the fastest pace [...]

US firms become more profitable in China: report

US companies operating in China are becoming more profitable, The Wall Street Journal reported on Friday.“US firms must grapple with the fact that their global competitiveness depends increasingly on how they fare in China,” the report quoted a survey released by the American Chamber of Commerce in China as saying.
A solid 73-percent majority of the [...]

Vietnam to Build First Industrial Park for Chinese Firms

The first industrial park built entirely for Chinese enterprises is taking shape in Vietnam’s southern province of Tien Giang, local newspaper Vietnam Investment Review reported Tuesday.Construction of the Long Giang park in Tan Phuoc district of the province will begin in June this year with capital of 100 million U.S. dollars. Light industries, household commodities, [...]

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