China Update by Synocus

China's yuan breaks 7.4 mark against U.S. dollar

Saturday, November 24, 2007

China's currency, the yuan, Friday hit a new high against the U.S. dollar for the second consecutive day, breaking the 7.4-yuan mark, according to the Chinese Foreign Exchange Trading System.

The central parity rate of t ...

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Wartsila makes its mark in China with bigger plant

Saturday, November 24, 2007

MARINE engine and propulsion maker Wartsila has expanded its presence in China by opening an extension to its first wholly owned thruster production plant at Wuxi in Jiangsu province.

The Finnish engine maker has investe ...

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China launches first patent week to promote IPR protection

Saturday, November 17, 2007

China launched its first ever "Patent Week" on Friday, Nov.16, to promote patent protection, the State Intellectual Property Office (SIPO) said.

Trade fairs, exhibitions and lectures will take place in Beijing a ...

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Hong Kong and Finland in joint stamp issue

Saturday, November 10, 2007

Hong Kong and Finland jointly issued four special stamps on Nov.03, featuring fine woodwork from China and the Scandinavian country.

Ken Li and Markku Kosonen designed the "Hong Kong, China-Finland Joint Issue on Fin ...

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Salary size set for white-collar jobs in China

Saturday, November 10, 2007

So, how much do you think someone has to make to be categorized a white-collar employee in China?

Depends on where he or she lives; and the difference can be substantial.

The Chinese Academy of Social ...

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First Finland research center established in China

Saturday, November 03, 2007

The first Finland research center was established at the Beijing Foreign Studies University (BFSU) on Thursday, Nov.1.

BFSU President Hao Ping said the establishment of the center will promote exchanges and cooperation be ...

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Chinese yuan climbs to new high against USD

Saturday, November 03, 2007

Because of the weaker U.S. dollar against the world's major currencies, China's Renminbi (RMB) also reached a new high against the greenback on Thursday, with the central parity rate breaking the 7.46 mark at 7.4552 yuan.

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Europe joins in demands for faster yuan appreciation

Friday, October 26, 2007

At the beginning of this month, however, euro-zone finance ministers suggested undervaluation of the yuan relative to the euro is a bigger problem for Europe than the euro’s current strength against the dollar or the yen. As a result, EU cou ...

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EU steel producers brewing anti-dumping complaint against China

Friday, October 26, 2007

Steel producers of the European Union (EU) are threatening to file anti-dumping complaints to the European Commission next week against rising imports from China, media reports said on October 26.

According to Eurofer, Ch ...

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China launched its first lunar orbiter successfully

Friday, October 26, 2007

Successful launch of China's first lunar orbiter from southwest China's Sichuan province on Wednesday evening has sent waves of excitement across the country.

It is estimated millions of Chinese people watched launch of t ...

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