BMW, China’s Brilliance extend contract term

BMW, China’s Brilliance extend contract term

German car maker BMW Group and its Chinese partner Brilliance Auto have agreed to extend the term of their joint venture contract to 2028. The contract extension will lay a solid foundation for BMW’s further development in China, Friedrich Eichiner, chief financial officer and group board member, said in Beijing on Wednesday. The group also […]

OECD revise up British economic growth

The Organization for Economic Cooperation and Development (OECD) on Tuesday sharply upgraded its growth forecast for Britain in 2013 and 2014, while revising down global economic growth estimates by a big margin. In its latest Economic Outlook report, the OECD said the British economy would grow by 1.4 percent this year and 2.4 percent in […]

Chinese state councilor, German FM discuss ties

Chinese State Councilor Yang Jiechi discussed bilateral ties and cooperation with German Foreign Minister Guido Westerwelle by phone Monday. It followed a phone hook-up between China’s new Premier Li Keqiang and his German counterpart Angela Merkel on Friday, which Yang said indicated the importance the leadership of the two countries attached to further development of […]

China sets anti-dumping duties on EU TDI imports

China’s Ministry of Commerce (MOC) will impose anti-dumping duties ranging between 6.6 percent and 37.7 percent on imported Toluene Diisocyanate (TDI) from the European Union (EU), starting from Wednesday. The duties will last for five years, according to a ministry statement released Tuesday. The final ruling came after the ministry found that the domestic industry […]

EU strengthens sanctions against Iran

The European Union (EU) on Monday decided to strengthened its sanctions against Iran. Following a review, Foreign Ministers of the 27-member bloc met in Brussels decided to prolong the EU restrictive measures in response to “serious human rights violations in Iran” by 12 months. The EU also added nine persons responsible for the alleged human […]

New collection of Chinese prose published in Russia

A new collection of the 20th century Chinese prose has been published in Russia. The new collection, entitled “Border Town: 20th Century Chinese Prose,” was co-published on Tuesday by the Confucius Institute of St. Petersburg State University and local publishing house Karo. The book features previously untranslated stories by Lao She, Shen Congwen, Xu Xu […]

Chinese vice premier stresses mutual development with Switzerland

Chinese Vice Premier Hui Liangyu on Monday met Swiss President Ueli Maurer, Vice President and Foreign Minister Didier Burkhalter and Economy Minister Johann Schneider-Ammann. During their talks, Hui stressed both sides should respect each others’ way of development, take each others’ concerns into consideration, and realize win-win cooperation and mutual development. Hui said China and […]

Ma Ying-jeou urges expanded Taiwan-EU economic ties

Ma Ying-jeou called on the EU Jan. 10 to begin negotiating economic cooperation agreements with Taiwan in an effort to bolster bilateral trade relations. “I believe such pacts should further expand Taiwan-EU trade ties and spur economic development,” Ma said. The president made the remarks while receiving a European Parliament delegation led by Kinga Goncz, […]

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