China has set up a new coal-bed methane research center in Beijing in a bid to quicken development of the cleaner-burning fuel, PetroChina’s parent said in an online newsletter yesterday.
The center, opened on Wednesday, is co-invested by PetroChina Co and Sinopec Corp, the nation’s two largest oil and gas producers, as well as several other [...]
China Digital TV Holding Co. is luring investors to its initial public offering by promising to capitalize on the potentially explosive growth of digital television in China.’There’s a hunger for Chinese companies that are leaders in their markets,’ said IPODesktop.com President Francis Gaskins. ‘The lake is rising and the boat is rising with it.’
China currently [...]
Oil futures fell yesterday as a late flurry of selling overcame an earlier rally driven by the steadily weakening dollar.
Early in the day, crude prices rose to near record levels as the dollar’s drop against other currencies sparked buying by investment funds. But in the midst of that rally, analysts noted that oil’s fundamentals are [...]
China Investment Corporation (CIC), the country’s $200 billion sovereign wealth fund, formally started operation on Saturday as policymakers seek to diversify its $1.41 trillion worth foreign exchange reserves.
The new company will have Lou Jiwei, vice general secretary of the State Council and former vice finance minister, to act as chairman of the board of directors [...]
A trade exhibition hosted by China’s Council for the Promotion of International Trade (CCPIT) was taking place in Guatemala city this week.
The event, the first of its kind in Guatemala, covers an area of 3,000 square meters with the participation of 24 companies from nine provinces and municipalities including Beijing, Shanghai, Fujian and Guangdong.
No tag [...]
International retail giants Wal-mart, Carrefour and Metro have told China’s Ministry of Commerce that they are satisfied with the quality of Chinese products, more than 99 percent of which meet standards, ministry spokesman Wang Xinpei said on Thursday.
The qualification rate reached 100 percent of export Chinese products purchased by U.S. firm Wal-Mart, 99.5 percent by [...]
