From AP via The New York Times: China, which is aggressively seeking overseas energy assets to run its booming economy, said Sunday that one of its biggest conglomerates had bought the Kazakhstan oil assets of a Canadian company for $1.91 billion. The CITIC Group of China bought the oil assets of the Nations Energy Company […]
Read MoreFrom Xinhuanet: The exchange rate of Renminbi, the Chinese currency, is expected to appreciate by some five percent to one U.S. dollar for 7.44 yuan, according to Xinhua Economic Analysis Report released Monday. The report projected that the pace of RMB appreciation would be faster in the first half of 2007 than in the second […]
Read MoreFrom AP via the International Herald Tribune: Workers at foreign-funded companies in China need more protection, a top advisory body said, in the latest bid to give such employees more power at international companies and factories. A report issued by the National Committee of the Chinese People’s Political Consultative Conference said a growing number of […]
Read MoreFrom keralanext.com: Shanghai reported an average temperature of 18.2 degrees centigrade in its urban areas this year, the warmest year since it started to record weather information in 1873. The temperature is 0.1 of a degree centigrade higher than the last record in 2004, a source with the municipal meteorological bureau said on Saturday. The […]
Read MoreFrom AP via USA Today: Internet services in China will not be back to normal until mid-January after being disrupted by a powerful earthquake off Taiwan, a news report Sunday quoted the country’s biggest telephone company as saying. Internet and telephone services in China and many parts of Asia were cut by Tuesday’s quake, leaving […]
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