Chinese officials called for an end to the EU embargo on arms sales to Beijing Wednesday ahead of Premier Wen Jiabao's visit to the region later this month. "The EU side has many times confirmed that it would make efforts to lift the arms embargo," said Li Ruiyu, deputy director-general of the foreign ministry's European […]
Category: Economics & Trade
Engaging in separate bilateral and regional free trade agreements will harm China's long-term commercial interests, WTO Director-General Pascal Lamy said Wednesday during a visit to Shanghai. Beijing is currently negotiating better trade terms with a number of countries and trade blocs but Lamy argued that such agreements only offer a temporary solution. During a meeting […]
[photopress:JimmyWales.jpg,full,alignright]This is refreshing: Jimmy “Jimbo” Wales, who founded the popular online user-edited encyclopedia Wikipedia, has flatly announced that he will not censor his site for the sake of being unblocked in China. Wales said in an article in the South China Morning Post that he would not do as Google did (or Yahoo!) in February […]
Mainland China continued to be the largest recipient of foreign direct investment (FDI) in the world this year, attracting US$87 billion, according to a new report. World Investment Prospect 2010, released by the Economist Intelligence Unit and Columbia University yesterday, paints a rosy forecast despite the first decline in FDI in China during the first […]
Despite heavy bureaucratic requirements, China's boom is likely to remain profitable for European companies, the European Union Chamber of Commerce in China has said. The union's annual report on business conditions says 83% of members expect to be profitable in China in 2006 and most are focused on China's domestic market rather than producing here […]