New Olympics Bank Notes Issued
Sept. 17 – The People’s Bank of China has issued a commemorative RMB10 bank note to commemorate China successfully holding of the 2008 Summer Olympic Games (click on image to enlarge). The notes feature the “Birds Nest” National Stadium on the front and a Greek discus thrower on the reverse. This is the first […]
China’s Investment Funds Assess Possible Losses Following Lehman Bankruptcy
Potential trouble over CIC fund exposure Sept. 16 – Investment fund company, Hua An Fund Management Co., said it might face losses after Lehman Brothers filed for bankruptcy protection in the United States on Monday. It did not say how much might be at risk. The company is one of a number of funds operating […]
Rivals and Partners: India and China Look Forward
This is the fourteenth in a series of articles that looks at China’s borders. As China has grown in the last 30 years, so have the often complicated relationships it has with its many varied neighbors. In this article, we take a look at India. By Nazia Vasi Sept. 15 – China and India, half […]
China and Pakistan’s Enduring Alliance
This is the thirteenth in a series of articles that looks at China’s borders. As China has grown in the last 30 years, so have the often complicated relationships it has with its many varied neighbors. In this article, we take a look at Pakistan. By Joyce Roque Sept. 12 – On August 14, 1947, […]
Kashgar to Become Central Asian Trading Hub, Again
Sept. 11 – Kashgar, the ancient Southern Silk Road trading town in China’s far West, is the subject of feasibility studies to extend the Chinese rail system south and west to link up with rail networks in Pakistan and Bishkek, the capital of Kyrgyzstan. Sited on the Western edge of the Taklimakan desert, and […]
China Bans Coal-to-Oil Projects
Sept. 11- China’s National Development and Reform Commission (NDRC) has released a notice on its website immediately banning converting coal to liquid fuels (CTL) projects except those by Shenhua, the country’s largest coal producer and a joint venture between Shenhua and South Africa’s Sasol. As far back as 2006, the agency had already issued a […]
Top Chinese Official to Attend U.S. Trade Talks
Sept. 10 – China’s Vice Premier Wang Qishan is scheduled to visit the United States next week to attend bilateral trade talks with top U.S. officials. The discussions will likely focus on slowing Chinese exports to the United States and the subprime crisis. In the past, the Chinese renminbi and gaping trade surplus between the […]
China to Continue International Investment Cooperation
Sept. 9 –China will continue its national policy of opening up and participation in international investment cooperation Vice Premier Wang Qishan said today at the 12th Xiamen International Trade and Investment Fair in the east Fujian province. China also hopes to maintain and improve on policies regarding the use of foreign investment and allow more […]