China, estimated to hold more gas trapped in shale than the U.S., will open new areas to exploration as PetroChina Co.’s parent and Cnooc Ltd. seek drilling technology through partnerships and acquisitions. The government aims…
Category: Economy
Chinese banks are seen issuing 6.7 trillion yuan ($1.04 trillion) worth of new loans this year, an official paper said on Wednesday, suggesting lending could slow markedly in 2011 as part of Beijing’s drive to…
China’s northwestern Xinjiang Uygur Autonomous Region will be more open than ever before to accelerate its development, the regional government chairman Nur Bekri has said. “At present, we need to be more open than ever…
Premier Wen Jiabao has called for more efforts to maintain the country’s economic momentum in the face of challenges and difficulties. Wen made the call during an inspection tour to the northeastern Liaoning Province, one…
Ratings agency says China auditors’ report did not cover 3.5 trillion yuan BEIJING – Ratings agency Moody’s Investors Service Inc said on Tuesday that there is another potential 3.5 trillion yuan ($541 billion) of local…
Chinese Vice Premier Li Keqiang has called for more efforts to consolidate economic development amid efforts to restructure the economy. Li made the remarks during an inspection tour on Monday and Tuesday in east China’s…
Chinese banks are seen issuing 6.7 trillion yuan ($1.04 trillion) worth of new loans this year, a newspaper said on Wednesday, suggesting lending could slow markedly in 2011 as part of drive to tame inflation….
BEIJING – The inventory in China’s property market will surge in the second half of the year, thus prompting property developers to cut prices further as tightening measures continue, industry experts said on Tuesday. According…
China Transport Construction Group has completed work to expand Dalian’s port capacity, making it possible for ships as big as Brazilian miner Vale’s giant bulk carriers to access a key port in top iron ore…
Board members make overseas business a strategic priority BEIJING – Bank of China Ltd (BOC), the only Chinese bank to have operated continuously for nearly 100 years, will continue to expand its overseas network, despite…