China yesterday protested a decision by Washington, which is considering imposing quotas on five types of Chinese-made clothing. China's Commerce Ministry expressed "strong opposition" after the US said it would accept an industry application for curbs on imports of skirts, pajamas, swimming suits, shirts and socks.
Category:
Categories
China, US block G4 UN plan
China's UN Ambassador Wang Guangya said the US and China are partnering to block a so-called Group of Four plan to expand the powerful UN Security Council, as both countries believed the G4 proposal by Brazil, Germany, India and Japan would divide the UN's 191 member states. Wang said China and the US want to […]
Categories
PBOC's new debt-clearing agency
China will create the country's fifth debt-clearing agency this month to help the other agencies clear bad debt out of the banking system, state media reported, citing unnamed sources. The central bank-controlled the Huida Asset and Trustee Co would be responsible primarily for disposing of the central bank's bad debts and assets, similar to what […]
Categories
Heat powers stock rally
Mainland stock indexes rose to one-month highs, boosted by expectations that rising prices for electricity and oil will up earnings at listed power companies. Increased power use during these hot summer months bumped up earnings at Shanghai Electric and Huaneng Power International 3.2% and 2.2% respectively.
Categories
36 dead from pig-borne disease
Thirty-six people are dead and 30 are in critical condition after being infected by Streptococcus suis, a pig-borne illness currently affecting nine cities in Sichuan province, the South China Morning Post reported, citing the Sichuan Health Bureau. By Sunday, more than 4,000 tonnes of pork products from Sichuan had been seized. While contact with products […]