Government Updates
China's import of aluminum in February 2009
China imported 60,074 tons of aluminum valued at 206.814 million US dollars in February 2009. The import in January-February reached 116,425 tons valued at 388.442 million US dollars, down 26.4 percent and 35.2 percent respectively year on year.
Central finance appropriated another 1.7 bn yuan for Healthcare Reform
Central finance appropriated another 1.7 bn yuan for Healthcare Reform
Read moreChina to accelerate M& A in steel and auto industries
China is pushing forward the implementation of its industry stimulus plan, especially the section calling for enterprises' mergers and acquisitions (M&As) in the steel and auto industries, said officials with the Ministry of Industry and Information Technology (MIIT) Thursday.
China now 5th largest gold holder
China earned $82.5 billion from nearly $2 trillion in foreign exchange reserves last year, and is now the fifth largest holder of gold, the State Administration of Foreign Exchange (SAFE) said on Friday.
Read moreProfits of China's major oil companies rise as demand recovers
China's top five oil companies saw profits up 13.2 percent in March from the same period a year ago, as stimulus package pushed up energy demand, according to a report released by the China Petroleum and Chemical Industry Association (CPCIA).
Chinese steel mills turn to more imported iron ore
A Chinese domestic steel mill, Tangshan Ganglu Iron and Steel Co., Ltd., has been using 100 percent imported iron ore in production since March -- though in January, domestic iron ore made up for about 30 percent of the total raw materials.
China to own rights in more than 100 million tonnes of overseas iron ore assets in 2010
China is expected to own rights in more than 100 million tonnes of overseas iron ore assets next year, according to estimation of the country's leading steel information provider this weekend.
Relevant Information concerning export tax refund rate adjustment
Relevant Information concerning export tax refund rate adjustment
Read moreDouble surplus for China’s balance of payments 2008
Double surplus for China’s balance of payments 2008