The Chinese mainland and Taiwan will sign an Economic Cooperation Framework Agreement (ECFA) slashing import tariffs on hundred of items next Tuesday. The deal, valued at $100 billion annually, represents the most important discussions between the two sides in 60 years and will be signed in the Chongqing municipality during the negotiators’ fifth round of [...]
Prostitutes in China are considered more trustworthy than government officials, according to an online survey conducted by Insight China magazine. A total of 7.9% of the 3,376 participants in the survey said sex industry workers are trustworthy, putting them at third in the rankings after farmers and religious workers. Soldiers and students came in fourth [...]
China’s Ministry of Commerce has expressed “deep concern” over what it says are protectionist measures being adopted by a range of countries. “Some countries raised clauses to prioritize the purchase of products of their own countries in their economic stimulus packages,” ministry spokesman Yao Jian told reporters in Beijing on Monday. Though referring to unnamed [...]
China’s three major state media companies, China Central Television (CCTV), Xinhua and the People’s Daily could each receive about US$2.2 billion from the Ministry of Finance to fund their global expansions. Plans include Xinhua launching an Asia-based television network modeled on Qatar’s Al-Jazeera, and increasing the number of its foreign bureaus from 100 to about [...]
China’s largest oil company, China National Petroleum Corporation (CNPC), will jointly develop an oilfield in Uzbekistan with that country’s state oil company. The field has oil reserves of more than 30 million tons, and is expected to have an annual capacity of 2 million tons, CNPC said. The Chinese company said the agreement will help [...]
