Archive for March, 2008
Taiwan advised to seize mainland opportunity for economic growth

Special Report: NPC, CPPCC Annual Sessions 2008     BEIJING, March 7 (Xinhua) — The World Bank’s new chief economist on Friday suggested Taiwan to seize the opportunity of the mainland development for further economic growth.     “I’d like to say that Taiwan would have a better future in economic development if it seizes the opportunity of the […]

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China’s economy to have rosy prospect in 2008 amid uncertainties

Special Report: NPC, CPPCC Annual Sessions 2008    By Rong Jiaojiao, Cheng Yunjie and Huang Xin     BEIJING, March 8 (Xinhua) — China’s economy in 2008 will maintain a robust and stable momentum despite uncertainties ahead, according to signs revealed during the country’s top legislative and political advisory sessions.     Liu Shucheng, a political adviser and director of the […]

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Restless hot money inflows may worsen China’s inflation risk, warns political advisor

Special Report: NPC, CPPCC Annual Sessions 2008    BEIJING, March 8 (Xinhua) — A Chinese political advisor on Saturday warned a continued over-expectation for the appreciation of the Chinese currency yuan would bring in more inflows of hot money and worsen the already excessive liquidity.     The yuan’s rising exchange rate against the greenback has attracted international surplus […]

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Chinese political advisor calls for stricter control in land expropriation

    BEIJING, March 8 (Xinhua) — China should tighten land expropriation, said a political advisor at the ongoing session of the 11th National Committee of Chinese People’s Political Consultative Conference on Saturday.     China’s current law on land management stipulates that governments can expropriate collectively owned land “for public interests”, but there is no specification what public […]

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WB chief economist predicts 30 years of fast growth

    BEIJING, March 10 — China’s economy would keep growing fast for up to 30 more years thanks to its vast domestic market and foreign investment, incoming World Bank chief economist Lin Yifu said Friday.     “For the prospect of China’s development, as you know I’m an optimist and I believe China is absolutely likely to see […]

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China targets company executives in fight against pollution

Special Report: NPC, CPPCC Annual Sessions 2007    BEIJING, Feb. 26 (Xinhua) — China is to get tough on corporate executives responsible for causing severe pollution by imposing hefty fines on them.     Heads of Chinese enterprises which cause severe pollution incidents may face the fine equivalent to half of their annual income, according to the draft of […]

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IMF chief expects 10% economic growth for China

    BEIJING, Feb. 15 (Xinhua) — Dominique Strauss-Kahn, managing director of the International Monetary Fund (IMF), said Friday that although there was some impact from U.S. sub-prime mortgage crisis on China, IMF still expected the Chinese economy to expand by 10 percent this year.     Strauss-Kahn made the remarks at a press conference one day after his […]

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China’s state-owned grain companies shrug off losses

    Farm machines transport Corns in Yitong county, Northeast China’s Jilin Province in December 2008.(newsphoto)Photo Gallery>>>     BEIJING, Feb. 10 (Xinhua) — China’s grain circulation enterprises shrugged off losses to reap unprecedented profits last year, the first in the past 46 years.     Overall net profits of the nation’s grains enterprises hit a historic 167 million yuan (23.194 […]

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