China, Benin to boost cooperation

China, Benin to boost cooperation

Vice President Xi Jinping and Beninese President Thomas Boni Yayi pledged to boost cooperation between the two countries on the sidelines of the fifth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) on Friday. Xi said China and Benin are good friends and that both sides have insisted on equality, cooperation, mutual trust and […]

Li Dongrong appointed deputy governor of China’s central bank

Li Dongrong appointed deputy governor of China’s central bank

China’s central bank has promoted Li Dongrong (李东荣) to deputy governor in its latest reshuffle, according to a Friday statement on the bank’s website. Li, 58, has worked as the governor’s assistant since December 2008. He worked in the bank’s bureau in south China’s Guangdong province for 18 years before moving to Beijing in 2002 […]

President Hu Jintao’s speech at opening ceremony of Fifth Ministerial Conference of Forum on China-Africa Cooperation

Chinese President Hu Jintao on Thursday delivered a speech at the opening ceremony of the Fifth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) entitled as “Open Up New Prospects for A New Type of China-Africa Strategic Partnership.” The following is the full text of Hu’s speech: Open Up New Prospects for A New […]

China to strive to open up new prospects for China-Africa strategic partnership

China to strive to open up new prospects for China-Africa strategic partnership

Chinese President Hu Jintao said Thursday that China and Africa should strengthen political mutual trust and expand practical cooperation in order to open up new prospects for China-Africa partnership. Hu made the remarks at the opening ceremony of the fifth Ministerial Meeting of the Forum on China-Africa Cooperation (FOCAC). Hu said that China and Africa […]

Chinese central gov’t department publishes expenditure details

The China Earthquake Administration on Thursday published details on its expenditures in 2011, marking the beginning of a new round of such disclosures for central government departments. It spent nearly 6.4 million yuan (1.01 million U.S. dollars) on overseas travel, 35.6 million yuan on vehicles and 14 million yuan on official receptions, according to figures […]

China’s home prices rebound in June

China’s home prices rebound in June

More major cities in China saw home prices rise in June from May, as the country’s property sector has showed signs of warming following government efforts to stimulate the slowing economy, official data showed Wednesday. In June, 25 cities, drastically up from six in May, out of a statistical pool of 70 major cities recorded […]

DHL to launch integrated logistics center in south China

DHL to launch integrated logistics center in south China

DHL Global Forwarding, a subsidiary of leading global logistics company Deutsche Post DHL, will set up an integrated logistics center in south China’s city of Shenzhen, according to an agreement signed Tuesday. The center will be located in the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone, which was given approval by the State Council […]

Xinjiang Mahe gas field output exceeds 4 bln cubic meters

Xinjiang Mahe gas field output exceeds 4 bln cubic meters

The China National Petroleum Corporation (CNPC) said Wednesday that its Mahe gas field in west China has produced more than 4 billion cubic meters of natural gas since it started commercial operations in 2007, setting regional production records. The gas field, situated in the southern rim of Junggar Basin in northwest China’s Xinjiang Uygur autonomous […]

Two Chinese fishing ships detained by Russia

Two Chinese fishing ships detained by Russia

The Chinese Consulate has confirmed that two Chinese fishing ships have been detained off Russia’s Far-East Primorsky region. The consulate says one ship is carrying 17 fishermen while the other has 19 on board, adding both ships are from Weihai City in east China’s Shandong province. The coastal service of Russia’s Far-East region says the […]