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- CNPC to Bid for Repsol YPF's Argentinean Unit
Print E_Mail Share Full article in Chinese: http://www.caijing.com.cn/2009-07-03/110192608.html » China National Petroleum Corp. (CNPC) plans to make a US$17 billion bid for a 5 percent stake in the Argentinean unit of Spanish oil company Repsol-YPF.
- Wanted: Traders for China's Steel Futures
Print E_Mail Share Steel product futures trading began in March, to the advantage of China's steelmakers. But the market needs more participants. (Caijing.com.cn) Greater participation in steel contracts trading is a key to advancing China's newest
- Chinalco Plans 10 Billion Yuan Share Placement
Caijing Share Full article in Chinese: http://www.caijing.com.cn/2009-07-01/110191592.html » The Aluminum Corporation of China Ltd. (Chalco) plans to raise as much as 10 billion yuan through a private share placement of 1 billion A-shares to a maximum
- China Willing to Accept Less Iron Ore Price Cuts
Caijing Share But Chinese steelmakers will continue to reject the 33 percent price reduction agreed between global miners and mills in Japan and South Korea. By staff reporters Zhang Boling and Yan Jiangning The semi-official China Iron & Steel
- Guangdong Rising Approved to Buy Australian Miner
Print E_Mail Share Full article in Chinese: http://www.caijing.com.cn/2009-07-01/110191770.html » The Australian Foreign Investment Review Board has allowed China's Guangdong Rising Assets Management to acquire a 19.9 percent stake in Australian
- China June Power Output Rose 3.8% Year-on-Year
Print E_Mail Share Full article in Chinese: http://www.caijing.com.cn/2009-07-03/110192643.html » China's power output in June rose 3.8 percent year-on-year, marking the first rise in 2009, according to data from the State Grid Distribution Center. »
- China Issues Details of Direct Power Supply Trial
Print E_Mail Share A final decision regarding which enterprises and power generators are involved in the trial, as well as new transmission fees, will depend on provincial authorities themselves. Compiled by Caijing staff (Caijing.com.cn) China's State
- Emerging markets' share soars to a record, led by China
Developing countries' share of worldwide equity value climbed to a record as the fastest-growing economies lured investors amid the first global recession since World War II. The 22 nations classified as ''emerging'' by index provider MSCI Inc. comprise
- Fork in the Road for China's Car Purchase Tax
Print E_Mail Share A short-term reduction in the purchase tax encouraged car buying for several months. Now planners have to choose the next step. (Caijing.com.cn) For several months after China halved the car purchase tax rate January 20, vehicle sales
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For centuries China has stood as a leading civilization, outpacing the rest of the world in the arts and sciences. But in the first half of the 20th century, China was beset by major famines, civil unrest, military defeats, and foreign occupation. After World War II, the Communists under MAO Zedong established a dictatorship that, while ensuring China's sovereignty, imposed strict controls over everyday life and cost the lives of tens of millions of people. After 1978, his successor DENG Xiaoping gradually introduced market-oriented reforms and decentralized economic decision making. Output quadrupled in the next 20 years and China now has the world's second largest GDP. Political controls remain tight even while economic controls continue to weaken.
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