China Supports Steel Makers in Iron-Ore Discussions
China will stick with an annual pricing system and may take action to support the country's steelmakers in negotiations with suppliers
China's FDI Climbs a Seventh Month
China's foreign direct investment (FDI) rose for the seventh consecutive month in a row, albeit at a shade lower than earlier
China's Pension Fund Totaled More than RMB 700 Billion
China's social security fund saw a return on investment of 16.1 percent last year
China Says Its Trade Surplus Cannot Be Used as a Justification for Appreciation
China Ministry of Commerce spokesman Yao Jian said China's trade surplus with the U.S. is an outcome of globalization.
CNOOC Established Joint Venture with Bridas Energy Holdings
CNOOC has announced to form a 50 percent/50 percent joint venture with BEH for a consideration of 3.1 billion U.S. dollars
European Foreign Ministers Call for Single and Strong EU Voice
European foreign ministers called for a single voice on foreign policy in an informal meeting, ended on March 14 in Finland
Obama to Create Export Promotion Cabinet to Promote Trade
Obama ordered the creation of an "export promotion cabinet" in an effort to promote U.S. exports yesterday
Brazil Economic Growth Will be Better than 5.7 Pct
The Brazilian government has raised its projection for economic growth this year from 5.2 percent to more than 5.7 percent
Geithner Warns EU Over Hedge Fund Regulation Rules
U.S. Treasury Secretary Timothy Geithner has warned the EC over its proposal to tighten regulations on hedge funds through legislation
China Consumer Retail Sales Up 17.9 Pct
China's retail sales increased by 17.9 percent in January and February year on year, and totaled 2,505.2 billion yuan
China's CPI Gains to Slow in Mar., Official Says
China's CPI rose by 2.7 percent in Feb. from a year earlier;Official says the CPI will slow in Mar. as seasonal factors fade
Geely Obtained 2.1 Billion U.S.Dollars for Volvo Purchase
Geely has secured financing to buy Ford-owned Volvo cars for about 2.10 billion U.S. dollars
China's Baosteel Ranks Third in Terms of Crude Steel Output
China's Baosteel ranked the third in term of curde steel output;Hebei Iron & Steel Group jumped to the second place in 2009
EU Considers European Monetary Fund to Help Countries Like Greece
European governments are set to establish a European Monetary Fund (EMF) to reduce economic instability in the eurozone
IMF Suggests How to Raise Climate Change Funds
IMF proposed countries adopt a quota system to raise money needed for climate change according to its members' economic sizes
Yi Gang: China to Invest More Forex in Gold Cautiously
China will consider investing more of its foreign exchange reserves in gold "cautiously" based on market conditions
Non-fossil Fuels Consumption Needs to be Doubled in 2020
China has to double its consumption on non-fossil fuels to reach the set goal of 15 percent in the primary energy consumption
S.Korea, U.S. Kick off Annual Joint Military Exercise
South Korean and U.S. kick off their annual Key Resolve military exercises on Mar.8, despite the strong opposition by DPRK
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