From the Financial Times (link) China’s premier on Wednesday pledged a wide-ranging package of economic aid to south Pacific island allies, including Rmb3bn ($375m) in preferential loans. The pledge made by Wen Jiabao was seen by analysts as a bid to isolate Taiwan and cement Beijing’s influence in the region. In the first visit by […]
Read MoreFrom the New York Times (link) Chinese leaders, eager to improve relations with the United States ahead of the first ever visit there by President Hu Jintao later this month, have dispatched a large delegation of businessmen and economic officials both to display China’s buying power and to cool protectionist sentiment in Congress, officials said […]
Read MoreFrom Xinhuanet (link) China’s gross domestic product (GDP) is expected to remain on a stable but fast track or grow 9 percent this year, according to Qiu Xiaohua, head of the National Bureau of Statistics. The anticipated GDP growth is one percent higher than the 8 percent prediction made in the Government Work Report delivered […]
Read MoreFrom Bloomberg News via the International Herald Tribune (link) Hong Kong’s biggest companies are reporting record profits, buoyed by the city’s investment, trade and tourism links with China. Billionaire Li Ka-shing‘s Cheung Kong Holdings was among 27 of 33 members of the city’s benchmark Hang Seng index that increased earnings in the latest period. Nineteen […]
Read MoreFrom Xinhuanet (link) China has reached a landmark agreement with its Southeast Asian neighbors on oil shipping along the Mekong River. The agreement with Laos, Myanmar and Thailand will see a trial program of processed oil shipping from May to December, said a maritime affairs official of southwest China’s Yunnan Province. The river rises on […]
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