China will spend 20 billion yuan (2.6 billion U.S. dollars) on land consolidation this year, a senior official with the Ministry of Land and Resources (MLR) said on Wednesday.
Wang Shiyuan, vice minister of the MLR, said the doubling of fees on newly-added construction land had helped provide increased funding for land consolidation.
Land consolidation refers to [...]
The Chinese Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) is functioning smoothly, said the Vice Minister of Commerce Liao Xiaoqi on Thursday.
Liao said the two sides had cooperated successfully in services, trade, finance, tourism and human resource since the CEPA was signed four years ago.
The vice minister said the mainland has imported Hong [...]
China’s Ministry of Commerce Thursday agreed in principle the sale of almost 76 million yuan-denominated Midea Electric shares to GS Capital Partners Aurum Holdings, a fully-owned subsidiary of Goldman Sachs Group Inc, the Chinese home-appliance maker said on Friday.
Last November, Shenzhen-listed Midea Electric announced plans to sell 75.6 million shares at 9.48 yuan per share [...]
China imported 484,000 tons of synthetic rubber in the first four months of this year, a growth of 14.7 percent over the same period of last year, according to customs sources.
The imports were valued at 930 million U.S. dollars, up 26.3 percent. Prices of the arrivals averaged 1,924 U.S. dollars per ton, up 10.1 percent.
The [...]
Shanghai launched a steel service association, the first of its kind at a provincial level in China, over the weekend in a bid to boost development of the city’s industrial service sector.
The Shanghai Steel Service Trade Association now encompasses 160 member firms whose businesses range from trading, logistics, engineering design to research and consultancy as [...]
Visiting Chinese Minister of Commerce Bo Xilai and Turkish State Minister Kursad Tuzmen vowed here Sunday to enhance bilateral economic cooperation between the two countries.
The two ministers told government officials and representatives of business people attending the Turkey-China Business Forum that Chinese and Turkish governments are ready to enhance bilateral economic and trade cooperation.
Speaking at [...]
