China Update by Synocus

Chinese to spend 78% more on energy efficiency, emission reduction

Tuesday, March 25, 2008

According to Xinhua Press, China central government will increase spending on energy efficiency and greenhouse gas emission reduction schemes. The Ministry of Finance said that the planned reduction rate was amount to 78% as a large part of ...

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South China's Guangxi to replace petrol, diesel oil with bio-ethanol in April

Wednesday, March 12, 2008

South China's Guangxi Zhuang Autonomous Region will replace gasoline and diesel oil with bio-ethanol fuel at all petrol stations starting in April, a top regional official said here during the parliamentary session.

Eight ...

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Consultant: China's communication equipment market growth slows

Wednesday, March 12, 2008

BEIJING, March 12 (Xinhua) -- China's communication equipment market hit 271.1 billion yuan (about 38.1 billion U.S. dollars) in sales volume last year while the annual growth rate declined to 3.9 percent from 16.1 percent in 2006.

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Finnish companies grow steadily in China

Tuesday, March 04, 2008

Eventhough there's room for more business, China already provides many opportunities for Finnish companies in several sectors including energy saving, environmental protection, paper and pulp, and IT and telecom, Finnish Business Council in ...

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Yuan breaks 7.15 mark against U.S. dollar

Saturday, February 23, 2008

The Chinese currency recorded a new high on Wednesday, with a central parity rate of 7.1452 yuan against one U.S. dollar, the 17th high for the yuan since the beginning of this year.

The yuan, also known as the renminbi, ...

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Nokia cements position in Greater China market

Saturday, February 23, 2008

Nokia, the world's top mobile phone maker, racked up sales and exports from Greater China worth more than Euro12 billion  last year, with exports growing 30 per cent to reach Euro 6.2 billion.

Nokia sold 70.7 million ...

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Voices on 2008 outlook for China's economy

Saturday, February 23, 2008

China's economy is up against a triple threat of weakening global growth, possible domestic overheating and the catastrophic impact of recent severe weather.

It should still record high growth this year, according to anal ...

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Consultant: China's online B2B transaction volume tops two trillion yuan in 2007

Tuesday, February 19, 2008

Transaction volume of China's online business-to-business (B2B) jumped 65.9 percent year on year to 2.1 trillion yuan (about 295.4 billion U.S. dollars) in 2007, according to a report released by i Research Inc., a well-known consulting firm ...

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Cathay Pacific, Finnair to cooperate on services

Tuesday, February 19, 2008

The Hong Kong-based Cathay Pacific and Finland's Finnair announced Wednesday a new code-share arrangement that will see the two airlines cooperate on flights between Helsinki and three key European hubs.

The agreement als ...

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China's yuan breaks 7.18 mark against U.S. dollar

Tuesday, February 19, 2008

China's currency, the yuan, climbed 127 basis points to a central parity of 7.1763 yuan to one U.S. dollar on Friday, breaking the 7.18 mark for the first time. It was the 14th new high against the dollar this year.

The y ...

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