The last two of the first four strategic oil reserve bases in China, the world’s second-biggest oil consumer, are expected to kick off operations within a year, according to two State-owned oil giants.
An official from China Petroleum & Chemical Corporation, known as Sinopec Group, told China Daily it would start to fill crude oil into [...]
The Hong Kong Customs has signed a co-operative arrangement with the Tax and Customs Administration of the Netherlands, according to the Information Services department of the Hong Kong Special Administrative Region (HKSAR) government.
Commissioner of Customs and Excise Timothy Tong and Head of Dutch Customs Administration Willy Rovers, representing their respective administrations, signed the “Arrangement on [...]
U.S. restrictions on high-technology exports to China were costing U.S. firms potential trade opportunities and putting them at a disadvantage, said Wang Qinhua, a senior official with China’s Ministry of Commerce on Friday.
“The controls have affected not only the number of products requiring export licenses, but also exports that do not require licenses,” said Wang.
“The [...]
The U.S. Blackstone Group would receive the 3 billion U.S. dollars to be invested by China’s state foreign exchange investment company “shortly after its public offering,” the Chinese company said Friday.
According to the deal struck between the two sides, the Chinese investment company must hold its shares for at least four years.
The state forex firm [...]
The central government of China has increased investment in Tibet Autonomous Region along with implementation of a range of preferential policies in recent years, a top local government official said here on Wednesday.
Nine out of ten yuan spent by local finance of Tibet has come from the central revenue, said Qiangba Puncog, chairman of [...]
The World Bank (WB) announced on Wednesday that its executive directors have approved a loan of 100 million U.S. dollars to support China’s efforts to finance micro and small enterprises (MSEs).
The project would expand credit flows to MSEs on a mass-market and commercially sustainable basis, said a WB statement.
The project consisted of wholesale and retail [...]
