China Investment Corp, the country's $300 billion sovereign wealth fund, is counting on getting a fresh injection of cash from the government to invest abroad, a senior CIC official told Reuters on Friday.
China could be producing as much as 4 billion tonnes of coal by 2015, up from an estimated 3.2 billion last year, the head of one of China's leading coal firms said on Friday.Wu Yongping, the chairman of Datong Coal Mine Group, the country's third biggest producer, said despite China's efforts to reduce its dependence on coal, the dirtiest of fossil fuels, it would continue to play a dominant role in China's energy mix.I can't see coal's position in China's energ...
A behemoth dragon-shaped shopping mall in the desert near Dubai has become a symbol of the deepening links between East Asia and the Middle East.
China's plan for the next five years will put a hard target on overall energy use, capping consumption at 4 billion tonnes of coal equivalent (TCE) by 2015, Xinhua news agency quoted the country's former energy chief Zhang Guobao as saying on Friday.
China said on Friday its military spending for 2011 would rise 12.7 percent, resuming double-digit hikes that have stoked regional disquiet about Beijing's expanding strength.
After the financial crisis, US dollar-bashing has become en vogue. Marc Chandler, however, has emerged as a defender of the US dollar and “empire,” as he calls it.
Apple chief executive Steve Jobs has expressed interest in developing an iPhone based on China Mobile's fourth-generation telecoms standard, the chairman of the Chinese telecoms operator said on Friday.
Secretary of State Hillary Clinton expressed concern on Thursday that the United States was losing the information war internationally, and especially in the Middle East, drawing a critical comparison between the U.S. media and broadcaster Al Jazeera.
Western companies flush with cash but reluctant to commit to longer-term investments spent heavily on advertising in 2010 and especially on TV, boosting the world's biggest ad group WPP in the U.S. and Britain.
Will Apple develop an iPhone that can run on China Mobile's TD-SCDMA 3G standard, a move that could boost the sales of iPhone in China?
There is no word as yet from Apple on this, but the chairman of China Mobile said on Friday Apple's Steve Jobs has expressed interest in developing an iPhone for his network, Reuters has reported.
ECB policymakers warned global central bankers on Friday that economic imbalances could worsen fast unless the G20 makes a concerted push to tackle them.
The Chinese yuan rose 0.1 percent against dollar on Friday as markets speculated that Chinese monetary policy would tighten in view of the rising inflation and the prospect of social unrest.
ECB policymaker Axel Weber warned global central bankers on Friday that economic imbalances could worsen faster than first expected to pre-crisis levels and urged the G20 to push ahead with tackling them.
China is ramping up its military spending at a time its financial firepower is increasingly in focus after it unseated Japan as the second biggest economy in the world.
China Mobile Ltd, the world's largest mobile carrier by subscribers, said on Friday that Apple Inc Chief Executive Steve Jobs has expressed interest in developing an iPhone based on the Chinese carrier's network standard.
China Vanke, the country's biggest developer by sales, said on Thursday property sales rose 141.8 percent in February from a year ago to 6.1 billion yuan ($928.7 million).
Even though 130 of China’s current 175 existing airports lost money last year, they will be going ahead with plans over the next five years to add 45 more airports, according to Yahoo! News. The new airports will be expected to meet the rising tourism boom in the country of over 1.3 billion people.
The operator of northern China's Tianjin Port was in talks with China National Offshore Oil Corp (CNOOC) to build a liquefied natural gas (LNG) receiving terminal at its port, the China Daily reported on Friday.
Yujiapu does not roll off the tongue like Wall Street, but planners in the northern Chinese port city of Tianjin hope it soon will.
China's insurance regulator is considering raising the proportion of assets that insurers may invest in unsecured bonds to 30 percent from the current 20 percent, IFR reported on Thursday, citing sources.
Chinese banks extended less than 600 billion yuan ($91.31 billion) in new loans in February, the China Securities Journal reported on Friday quoting industry sources.
The loose monetary policy in the United States is little better than a narcotic and will harm the rest of the world more than it helps Americans, a former Chinese vice commerce minister told Reuters.
