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| May 09, 2008 |
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our time will build eternity |
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India urged to copy China at Asian Development Bank meeting Madrid (AFP) May 3, 2008 
India must boost infrastructure spending and reform its labour market as China has done if it wants its economy to grow as fast as that of its Asian neighbour, participants at the Asian Development Bank's annual meeting in Spain said Saturday. "The Chinese manufacturing success story has a lot to do with a physical infrastructure that is better," said economist Bibek Debroy, who has studied ... read more |
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Heparin contamination appears deliberate: Baxter CEO
Washington (AFP) April 29, 2008US drug-maker Baxter International said Tuesday its blood thinner heparin, which is produced in China and has been linked to dozens of deaths, appears to have been deliberately contaminated. "We're alarmed that one of our products was used in what appears to have been a deliberate scheme to adulterate a life-saving medication, and that people have suffered as a result," Baxter chief executive ... more Costs driving US manufacturing firms out of China: AmCham 
Beijing (AFP) April 28, 2008China is loosing some of its attractiveness to foreign investors as rising costs are forcing some US manufacturing firms to leave the country, the American Chamber of Commerce (AmCham) said Monday. More than two-thirds of AmCham's member companies surveyed in an annual white paper agreed that China was losing some of its competitive advantage in global markets due to rising costs. Factor ... more Analysis: Russian waterways may open 
Completely unnoticed in the Western media, a Russian transport initiative holds promise to revolutionize the maritime carriage of products throughout Eurasia, including the oil and natural gas so hungrily sought by European consumers. The good news, according to Russia's Sea and River Transport Federal Agency head Alexandr Davydenko, is the Russian Federation is preparing to open the ... more EU says China top source of risky goods 
Brussels (AFP) April 17, 2008China is the main source of risky products in Europe and toys are the item most commonly found to pose a risk to consumers, the European Commission said Thursday. More than half of all dangerous products detected last year by EU authorities originated in China, with notifications for some 700 goods, according to the European Union's executive arm. With 80 percent of all toys sold in the ... more Clinton, Obama fire new economic jabs at China 
Washington (AFP) April 14, 2008Democratic White House runners Hillary Clinton and Barack Obama fired off fresh economic salvos against China Monday as they wooed blue-collar voters reeling from foreign trade competition. Clinton accused the Bush administration of failing to protect American workers, and called for better trade enforcement, as she campaigned in gritty Pennsylvania, which holds a Democratic primary on April ... more |
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While most discussions of Caspian oil exports revolve around pipelines, since 1991 there has been a mini tanker boom on the inland sea, which services not only domestic markets but also transships oil for transport from Baku's Sangachal terminal via the $3.6 billion, 1,092-mile Baku-Tbilisi-Ceyhan pipeline to Turkey's Mediterranean terminus. The Caspian tanker trade is entirely local. ... more China concerned over falling US dollar, economy: Wen 
Beijing (AFP) March 18, 2008China is concerned about the falling US dollar and the state of the US economy, but domestic conditions would determine the nation's monetary and fiscal policy, Premier Wen Jiabao said Tuesday. "I am paying great attention to the world economy, I am especially worried about the US economy," Wen said at a press conference at the end of China's parliament. "What I'm worried about is that ... more Low Turnout At China Fair Suggests Cooling Of US Trade 
Shanghai (AFP) March 6, 2008Fewer North American businessmen than expected have showed up for an annual east China trade fair, suggesting a cooling in Sino-US commerce, Chinese state media reported Thursday. Around 1,600 North American businessmen attended the annual Eastern China Commodity Fair, the Xinhua news agency said, suggesting a drop of about 50 percent from last year. Data from last year's fair showed nea ... more China to follow WTO rules in EU, US news financial spat: commerce ministry 
Beijing (AFP) March 4, 2008China said Tuesday it will comply with World Trade Organisation rules after the US and the EU filed a complaint at the global trade body over restrictions on foreign news providers. "We have taken note the US and EU have requested consultations at the WTO over the financial information service issue... China respects the choices of other members," the commerce ministry said in a statement on ... more China fast becoming the world's shipyard 
Dalian, China (AFP) March 2, 2008In a drydock at a shipyard in northeast China's Dalian city, a 300,000-tonne oil tanker is ready for delivery to Maersk, its hull painted in the Danish shipping company's trademark blue. Nearby, an offshore drilling platform has been constructed according to precise specifications from US company Noble. Both are examples of China's growing success as a shipbuilding nation and its progress ... more |
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Geneva (AFP) Feb 13, 2008China suffered its first defeat at the World Trade Organisation after the body upheld a complaint by the US, EU and Canada over Beijing's import tariffs on car parts, a source said Wednesday. The case is the first time China has been the subject of a complaint that went all the way through to the WTO's Dispute Settlement Body since joining the organisation in 2001. China has a minimum ... more Russia And Kazakhstan Eye Rival Water Canals Developments
Washington (UPI) Feb 7, 2008 Call it the "battle of the canals." Both Russia and Kazakhstan are promoting rival projects to increase the Caspian's access to the Black Sea and from there, the world's oceans. In essence, Moscow is promoting an upgrade of the Russian Federation's aging Volga-Don waterway, "Volga-Don-2," while Kazakhstan's President Nursultan Nazarbayev, flush with petroleum revenue, is proposing an entirely ... more US Treasury cautions China over sovereign wealth fund 
Washington (AFP) Feb 7, 2008The US Treasury cautioned China Thursday against using profits derived from its newly launched, cash-flush investment fund to delay reform of the yuan currency. The China Investment Corporation Ltd., launched as a sovereign wealth fund in September with 200 billion dollars capital, wants to boost investment returns on China's massive foreign reserves and manage reform of domestic ... more Ukraine may beat Russia to WTO: minister 
Moscow (AFP) Feb 2, 2008Ukraine may join the WTO on unfavorable terms just to beat Russia to it and gain advantage, Russian Finance Minister Alexei Kudrin said Saturday, adding that Russia would only take an offer that guarantees its economic stability. "On the wave of its political relations with the West, Ukraine will most likely join (the WTO) on unfavorable terms just to join ahead of Russia and get some advant ... more WTO will help Ukraine against Russia: president
Moscow (AFP) Jan 31, 2008Ukraine's expected membership of the WTO will give the country leverage in trade disputes with neighbouring Russia, President Viktor Yushchenko told AFP in an interview on Thursday. The pro-Western leader said that membership of the World Trade Organisation would allow Ukraine to negotiate with Russia over "restrictions" imposed on Ukrainian exports worth up to three billion dollars (two bil ... more
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