Following recalls and concerns over toy safety in China, Wal-Mart has begun sharing its new Toy Safety Net standards with all toy suppliers to ensure requirements and guidelines for material content in toy products, and testing, will impact all new toys and toy re-orders.
“We know national legislation is pending, but toy orders for this year [...]
China imported a total of 30,000 vehicles in the first month of 2008, up 51 percent from one year earlier, according to latest statistics released by General Administration of Customs.
China may import over 360,000 vehicles this year, an increase of 20 percent from last year, said general manager of China Trading Center for Automobile Import.
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Proven oil reserves at PetroChina’s<601857><857>
Kelamayi oilfield have increased by 69.6% in 2007, Chinese official media reported.
Located in the northwestern Xinjiang Autonomous Region, the oilfield’s output of crude oil and natural gas were 12.17 million tons and 2.91 billion cubic meters last year, up 2.27% and 1.04% respectively.
Tags: oil, PetroChina
China targets to reduce its energy consumption by 5% for one unit of gross domestic product (GDP) this year, according to the National Development and Reform Commission.
China aims to cut the power consumption for one unit of gross domestic product by 20% by 2010, with the emissions to drop 10%.
Tags: Energy
China’s leading PC producer Lenovo Group, has recently inked an agreement to form a strategic partnership with the Industrial and Commercial Bank (ICBC), China’s largest commercial lender, according to sources.
Under the terms of agreement, Lenovo appoints ICBC as the main bank that will provide all-round financial services to Lenovo. Likewise, Lenovo will be primarily engaged [...]
The China Banking Regulatory Commission (CBRC), the main industry watchdog, and the Financial Services Agency of Japan (FSA) plan to establish a framework for regulatory cooperation related to the QDII (Qualified Domestic Institutional Investors) scheme.
Under the terms of agreement, the framework enables Chinese commercial banks to conduct wealth management business in Japan, which marks a [...]
