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Li Dongrong appointed deputy governor of China’s central bank

Li Dongrong appointed deputy governor of China’s central bank

China’s central bank has promoted Li Dongrong (李东荣) to deputy governor in its latest reshuffle, according to a Friday statement on the bank’s website. Li, 58, has worked as the…

President Hu Jintao’s speech at opening ceremony of Fifth Ministerial Conference of Forum on China-Africa Cooperation

Chinese President Hu Jintao on Thursday delivered a speech at the opening ceremony of the Fifth Ministerial Conference of the Forum on China-Africa Cooperation (FOCAC) entitled as “Open Up New…

China to strive to open up new prospects for China-Africa strategic partnership

China to strive to open up new prospects for China-Africa strategic partnership

Chinese President Hu Jintao said Thursday that China and Africa should strengthen political mutual trust and expand practical cooperation in order to open up new prospects for China-Africa partnership. Hu…

Chinese central gov’t department publishes expenditure details

The China Earthquake Administration on Thursday published details on its expenditures in 2011, marking the beginning of a new round of such disclosures for central government departments. It spent nearly…

China’s home prices rebound in June

China’s home prices rebound in June

More major cities in China saw home prices rise in June from May, as the country’s property sector has showed signs of warming following government efforts to stimulate the slowing…

DHL to launch integrated logistics center in south China

DHL to launch integrated logistics center in south China

DHL Global Forwarding, a subsidiary of leading global logistics company Deutsche Post DHL, will set up an integrated logistics center in south China’s city of Shenzhen, according to an agreement…

Xinjiang Mahe gas field output exceeds 4 bln cubic meters

Xinjiang Mahe gas field output exceeds 4 bln cubic meters

The China National Petroleum Corporation (CNPC) said Wednesday that its Mahe gas field in west China has produced more than 4 billion cubic meters of natural gas since it started…

Two Chinese fishing ships detained by Russia

Two Chinese fishing ships detained by Russia

The Chinese Consulate has confirmed that two Chinese fishing ships have been detained off Russia’s Far-East Primorsky region. The consulate says one ship is carrying 17 fishermen while the other…

KCNA: Kim Jong Un awarded title of Marshal of DPRK

KCNA: Kim Jong Un awarded title of Marshal of DPRK

Top leader Kim Jong Un of the Democratic People’s Republic of Korea (DPRK) has been awarded the title of Marshal of the DPRK, the official Korean Central News Agency (KCNA)…

China’s railways giant announces 126 million USD manufacturing center in Malaysia

China’s railways giant announces 126 million USD manufacturing center in Malaysia

China’s leading railways manufacturer, China South Locomotive and Rolling Stock Corporation Ltd. (CSR), unveiled a plan Wednesday to set up its ASEAN manufacturing center in Malaysia, citing great market potential…