Category: Economy

America Is Suffering a Power Outage

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…and the Rest of the World Knows It Posted by Dilip Hiro “Make poverty history!” A catchy slogan, and an admirable aim, it was adopted by world leaders at the United Nations summit in New…

China raises key interest rates

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Ekaterina Volozova BEIJING—(October 21, 2010) – – China Central Bank Tuesday increased interest rates for the first time since 2007. The rate on a one-year loan was raised by 0.25 percentage points to 5.56 percent…

China expands high-speed railway network

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Ekaterina Volozova BEIJING—(October 21, 2010—M4relay)– China is aiming to be the world’s leader in high speed railway development, according to the Chinese Ministry of Railways. There are plans for the development of a super-speed train…

Renewable Energy: China in the lead

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Ekaterina Volozova BEIJING—(October 14, 2010, m4relay)– As renewable energy develops rapidly in China creating new opportunities for economic development, China has become one of the World’s leaders in producing wind turbines, leaving many Western countries…

Re-writing world history with China’s economic boom

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Ekaterina Volozova BEIJING—(October 11, 2010—M4relay)– China’s household wealth is said to double if the country continues the current growth rate. According to Credit Suisse, the total household wealth in China could actually double to $35…

Russia and China secure Oil Agreement

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Ekaterina Volozova Beijing– (October 8, 2010) China and Russia have signed a series agreements, among them, an oil partnership which is aimed at further boosting the economic ties between the two countries. The agreements were…

European Union strengthens ties with China

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By Anna Varfolomeeva BEIJING— (October 8 —M4relay) – China is attracting the whole world, and the European Union does not want to be left out. Chinese Prime Minister Wen Jiabao’s presence at the 13th China-European…