China Premier Wen Jiabao addressed government actions during the 1989 Tiananmen incident at a press conference concluding the second session of the 10th National People's Congress. Wen described the Tiananmen incident as a danger to the party and the country as a whole, saying the government's response was appropriate and stabilized the country. Wen's comments […]
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China attracted US$8.3 billion in foreign direct investment (FDI) in the first two months of this year, according to data released by the Ministry of Commerce. The FDI for January and February was up 10.3% year-on-year. Contracted foreign investment, was US$19.1 billion during the two-month period, a 34.5% increase over the same period in 2003. […]
China and Russia refused to accept a draft nuclear resolution on Iran's nuclear secrecy at International Atomic Energy Agency (IAEA) talks, extending a deadlock over the resolution. The proposed resolution is in response to Iran's recent refusal to disclose information about its nuclear program. The US, EU, Canada and Australia negotiated with Non-Aligned Movement diplomats […]
People's Bank of China (PBOC), China's central bank, said that foreign exchange savings deposits dropped 7.5% year-on-year in February to US$83.2 billion, reflecting depositor sentiment that the renminbi may appreciate. The drop in forex savings deposits follows a 4.9% decline in January. Forex deposits have slowed in recent months, experiencing negative growth at the end […]
China's vice-premier said the country's worsening environmental situation did not improve in 2003, calling for a crackdown on companies that violate environmental regulations. Zeng Peiyan said that China still has major problems with river pollution, acid rain and noise, but that electronic waste, hazardous waste and toxic chemicals have emerged as new concerns. Zeng added […]