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  • October 21, 2014
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  1. Premier rejects EU calls to let yuan rise

    Posted Dec 01st 2009, 12:00am by Will Clem

    ... Will Clem in Nanjing Premier Wen Jiabao yesterday sternly rejected European calls to allow the yuan to rise against the euro, describing the request from EU leaders as an attempt to contain Chinese growth. 'At present, some countries are calling on the one hand for the renminbi to increase in value, while on the other hand practising all kinds of trade protectionism ...

  2. Beijing will enforce carbon trading policy

    Posted Nov 14th 2008, 12:00am by Staff Reporter

    ... Stephen Chen The central government will enforce a compulsory carbon trading policy to realise the ambitious goal of turning China into a 'low carbon civilisation', the State ... by other countries.' The officer declined to say when the policy would be released, but said Beijing's recent 4 trillion yuan (HK$4.5 trillion) economic stimulus plan, which stressed ...

  3. Yuan advice in basket of tips

    Posted Aug 30th 2004, 12:00am by Staff Reporter

    ... repatriations from overseas Chinese. He opposes widening of the existing trading band for the same reasons. A repegging of the yuan to a basket of currencies instead of the US dollar alone would also ... macroeconomic management tools- including more flexible interest rates. But contrary to popular economic wisdom, Beijing is more likely to sanction a revaluation of the yuan to contain inflation than ...

  4. Shanghai plans wetland centre

    Posted Feb 10th 2009, 12:00am by Will Clem

    ... Will Clem in Shanghai Shanghai has announced plans to build a 60 million yuan (HK$68.2 million) education and research centre to protect an island wetland reserve known as the city's 'last virgin soil'. Jiuduansha Wetland Nature Reserve covers 42,000 hectares, 12km directly offshore from Pudong International Airport. Pudong New District plans to build the centre ...

  5. For China, the answer is simply blowing in the wind

    Posted Jun 06th 2010, 12:00am by Veronica O'Connell

    ... but then they can move offshore, and Europe has a lot of shoreline. This is still cheaper than throwing up more nuclear plants, or even solar installations. Because Europe is not sunny enough, ... it saw 737 million yuan (HK$839 million) in global sales, of which 540 million yuan came from Europe. Deutsche Bank has a 'buy' on this company, saying that it foresees CHSTE ...

  6. Zijin told to curb gold output after toxic spill

    Posted Jul 28th 2010, 12:00am by Eric Ng

    ... a move that will dent profits. Trading of the Shanghai and Hong Kong-listed firm, the mainland's largest gold producer, was suspended for a second day pending last night's announcement, ... the order would result in gold production being reduced by 'approximately one tonne'. Zijin's shares will resume trading on both bourses today. The Zijinshan mine's 18 tonnes ...

  7. So-called renewal policy of URA is now defunct in Hong Kong

    Posted Sep 23rd 2009, 12:00am by Staff Reporter

    ... this model- now meeting much public opposition- that totally disregards the impact on neighbourhood communities or clusters of trades, or the effects of increased building density on demand ... and elsewhere is not supposed to move offshore for that purpose- though obviously the transactions are completely above board on this side of the border. So the URA not only eradicates existing ...

  8. 515m yuan fraud in river clean-up campaign

    Posted Oct 29th 2009, 12:00am by Staff Reporter

    ... Al Guo Eleven of the 13 provinces in a river clean-up programme across the mainland either misused or faked spending totalling 515 million yuan (HK$584 million) over seven years, a state ... said seven provinces had used 403 million yuan of special environmental funding for other purposes, and four had created 112 million yuan in fake spending records to claim reimbursement. ...

  9. Carmakers get boost as subsidy policy extended

    Posted Jun 15th 2010, 12:00am by Eric Ng

    ... by the mainland media late last month, means owners of older cars will continue to enjoy subsidies of up to 18,000 yuan (HK$20,500) if they trade them in for new ones earlier than their economic life ... Eric Ng Shares in carmakers surged yesterday after the central government extended a subsidy programme for the trade-in of older and bigger-polluting vehicles to the end of the year. ...

  10. 300b yuan earmarked to develop green cars

    Posted Jan 13th 2010, 12:00am by Kandy Wong

    ... Kandy Wong Beijing plans to spend up to 374 billion yuan over the next five years cutting emissions, with about 80 per cent of the money earmarked for developing hybrid and electric car technology. According to a document posted on the National Development and Reform Commission's website, the central government will invest a total of 300 billion yuan in hybrid and electric ...




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