Air China and Cathay Pacific Established Cargo Airline Joint Venture
Air China Ltd. and Cathay Pacific Airways Ltd. have signed a Framework Agreement to set up an air-cargo joint venture
IMF Names Zhu Min Advisor
Mr. Dominique Strauss-Kahn, managing Director of the International Monetary Fund (IMF), named Mr. Zhu Min, currently Vice President of the People's Bank of China, as a special advisor to the Managing Director
Ben Bernanke Reaffirmed Low Interests Rate
Federal Reserve Chairman Ben Bernanke said on Feb.24 that record-low interest rates are still needed to ensure that the economic recovery will last and to help fight against high unemployment
Latin America'ISA Hits the Highest Level
Latin America's Economic Climate Index (ECI) hit its highest level in Jan. since July 2007, according to a poll
U.S. Rejects Russian Security Treaty Proposal
U.S. Secretary of State Hillary Clinton rejected Russia's call for a new European security treaty on Monday, saying NATO was not among Russia's security challenges
Toyota Could Face Criminal Charges
Toyota received subphoenas from Manhattan U.S. Attorney, related to problems with acceleration and braking systems in Toyota cars
Japan Crude Steel Production Projected 100 Million Tons
Japanese crude steel production is estimated to total more than 100 million tons in 2010, up by 10 percent to 20 percent from actual production last year
Fed Interest Rate Increase a Minor Move: U.S. Economist
A U.S. economist pointed out on Feb.19 that the Federal Reserve's increase in the discount rate on Feb.18, charging banks for emergency loan, was a minor move and should not be overstated
Chinese Coal Output Expected to Reach 3.3 Billion Tons in 2010
Chinese coal output in 2010 is expected to reach 3.3 billion tons and will continue to fall short of meeting market demand and the coal price will continue to rise in the first quarter
China's Rural Road Length Hits 3.3 Million Km
The total length of China's rural roads had reached 3.3 million kilometers by the end of 2009, connecting 99.4 percent of towns and villages
Haikou Housing Price Continued to Soar
the housing price in Haikou, capital of Hainan province rose 31.8 percent over the same period the previous year
China's Use of Foreign Capital Exceeds USD 8 Billion in Jan.
China used 8.129 billion U.S. dollars of foreign capital in Jan., up 7.79 percent year on year;Since Aug. 2009, China's utilized foreign capital has seen a positive growth for 6 consecutive months
China Natural Gas Output up 7.7% in 2009
China produced 83 billion cubic meters of natural gas in 2009, up 7.7 percent from the previous year;apparent consumption of the fuel in China grew 11.5 percent year on year to 87.45 billion cubic meters last year
Singapore Foreign Trade Gain Double-Digit Growth
Singapore's total trade is projected to grow by between 9 and 11 percent in 2010, while non-oil domestic export (NODX) is expected to increase by 10 to 12 percent
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