Archive for the 'China Trade News' Category

Free trade deal beneficial to both China, Peru

A free trade agreement between China and Peru is beneficial to both countries, Chinese Vice Commerce Minister Yi Xiaozhun said Thursday.
The two countries are far apart but their economies complement each other, Yi said at a news conference in Lima, the Peruvian capital.

Tags: trade

Energy, finance sectors lead recovery in mainland stocks

The major mainland index picked up after Tuesday’s sharp fall to surge more than 6 percent yesterday, mainly boosted by heavyweight stocks in the energy and financial sectors.
The benchmark Shanghai Composite Index soared 6.05 percent, or 115.04 points, to finish at 2017.47, with 884 out of 961 stocks closing higher. The smaller Shenzhen Component Index [...]

Shenhua Energy gets coal exploration license in Australia

China Shenhua Energy Co Ltd<601088><1088>, the nation’s largest coal producer, Friday announced that its subsidiary has inked agreement with the state government of New South Wales to get the coal exploration license in the Watermark area, sources reported.
Shenhua Watermark Coal Pty Limited, a wholly-owned subsidiary of China Shenhua Energy Co Ltd, paid A$ 299.90 million, [...]

Telecom Investment to Soar upon 3G Licenses

The Ministry of Industry and Information Technology yesterday required telecom carriers to issue 3G licenses to TD, WCDMA, and CDMA 2000 telecom networks operators within this year.
China’s telecom industry has slipped into recession as a result of the global financial crisis. The ministry originally planned to issue three 3G licenses to China Mobile, China Telecom [...]

China mulling fuel tax to replace road tolls

China’s top economic planning body is working closely with other organizations to study the feasibility of reforming the oil pricing mechanism and introducing fuel taxes to replace road tolls and cut oil prices, state media said today, citing latest information from the planner.
China’s National Development and Reform Commission (NDRC) yesterday said on its website that [...]

CET invested into China coal mining and wind power

China Engery Technology (CET) has been working with the strongly support from provincial and autonneomous region governments, and signed number of exploration and development agreements with different county governments in Guizhou Province, Shanxi Province, Shaanxi Province, Xinjiang Autonneomous Region and Inner Mongolia Autonneomous Region. CET has acquired total 1,773 km 2 potential coal fields for [...]

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