China to Donate $400,000 for Poor Countries

China to Donate $400,000 for Poor Countries

China announced today that it will donate 400,000 dollars (283,500 euros) to the poorest countries to help them to join or participate in the World Trade Organization (WTO). “The program of China will finance training for the least developed countries that are candidates for the WTO,” said the Chinese Embassy in a statement. “It will […]

China Negotiating Oil Deals with Cuba in the Gulf of Mexico

China Negotiating Oil Deals with Cuba in the Gulf of Mexico

China National Petroleum Corp (CNPC) is negotiating agreements with Cuba on one or more exploration blocks offshore in the Gulf of Mexico, said on Wednesday Guillermo Hernandez Perez, director of Cuba’s oil exploration CUPET. “They need the data and see if what they want, and that depends on the company,” said Hernandez Perez. U.S. officials […]

Iran Blocks the Entry of Low Quality Products from China

Iran Blocks the Entry of Low Quality Products from China

The governments of Iran and China have signed a cooperation agreement to block the entrance of low quality products from the Asian giant to the Islamic Republic, as reported by the Iranian television channel Press TV. The document, signed in Beijing on Saturday, is a regulation of products entering into the country and aims to […]

Morocco: A Destination for Business Tourism

Morocco: A Destination for Business Tourism

For Chinese professionals wishing to organize their events in new markets, Morocco holds the undeniable advantages that establish itself as a destination market of business tourism and conference, said Dr. Hong Sun Yong , Editor-in-chief of the magazine “China International Conference & Exhibition”, organizer of the International Tourism and Convention Business “Expo Fair Project for […]

China and Venezuela Approved 6 billion Dollars to Bilateral Fund

China and Venezuela Approved 6 billion Dollars to Bilateral Fund

Venezuela and China adopted 6,000 million dollars together for the China-Venezuela Bilateral Development Fund, created to finance projects in the country of Bolivar. President Hugo Chavez annouced that Venezuela has approved the transfer of 2,000 million from the National Development Fund to the bilateral fund, while China provided 4 billion for the same purposes. More […]

WTO Supports EU Against China’s Export Quotas on Minerals

WTO Supports EU Against China’s Export Quotas on Minerals

July 5th, The World Trade Organization (WTO) decided that the export restrictions imposed by China on a range of key industrial minerals were not justified by an environmental point of view and should be lifted. The procedure was initiated by the EU and the United States in June 2009 because they feared that their high-tech […]

Brazil Accuses China and the U.S. of Manipulating the Currency

Brazil Accuses China and the U.S. of Manipulating the Currency

On Thursday in Paris The Brazilian Finance Minister Guido Mantega accused China of manipulating its currency and also criticized the U.S. for its policy of weak dollar. “Of course, China is manipulating its currency.” said the Minister in English to the press at a forum in Paris. He also criticized U.S. monetary policy, considering that […]

China Rounded Up Largest Coal Mine In The World

China Rounded Up Largest Coal Mine In The World

China won the lion’s share in the the largest coking coal mine of the world. The Chinese mining group Shenhua has torn 40% of the juiciest slices of Tavan Tolgoi coal deposit in Mongolia, one of the largest untapped reserves of coal in the world. Located in the southern Gobi Desert, the site contains more […]