Although Chinese media have claimed that the United States has made a commitment to “recognize China’s market economy status” and “relax its high-tech exports restrictions on China”. Such commitments cannot be found in the Sino-US…
Category: Economy
Government will not interfere, official says BEIJING – Unilever’s decision to raise the price of some of its products is a “corporate decision”, and the government will not punish the company or “interfere” with its…
Washington: The World Bank on Wednesday approved three loans totaling US$330 million to the People’s Republic of China to support cultural heritage conservation in Shandong, improvement of water environment in Inner Mongolia and expansion of…
Last Friday, an explosion at a facility owned by Foxconn, Apple’s main manufacturing contractor, killed three employees and injured 15. The blast is still being investigated and Foxconn has said that “should the ongoing investigation…
Summary China’s economy is slowing down from a high base. Further slowdown, probably substantial, is likely in the second half. It is a good thing for China’s economy overall. The past rapid growth depends on…
STANDARD & Poor’s has warned Beijing’s anti-inflation efforts are likely to squeeze profits at China’s banks, highlighting growing concern about the impact of tighter monetary policy on lenders that have poured out credit in recent…
May 25, Consumer goods producer Unilever NV raised prices of some products in the same month that it was hit by the National Development and Reform Commission (NDRC) with a fine of RMB 2 million…
Financially crippled coal plants are shutting down their generators, even though the country is facing one of its most severe power shortages ever, which could hamper the 12th Five- Year Plan starting this year. Some…
BEIJING – Some food safety experts have expressed doubts about the use of additives in rice, although officials said they are free from potential safety hazards. In response to media reports questioning the revised…
BEIJING– China’s top quality watchdog Monday began soliciting public opinions regarding its latest revised regulation concerning food recalls, as persistent food safety scandals in recent years have resulted in widely-heard public grievances. The revision was…