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    Greater Mekong Subregion summit concludes in Laos, China pledges millions in aid to region

    By Andy Scott Mar. 31 – The third meeting of the Greater Mekong Subregion (GMS) opened in Vientiane, Laos on Sunday, bringing together the prime ministers of Cambodia, China, Laos, Myanmar, Thailand and Vietnam. The ministers are meeting to discuss ways to deepen economic cooperation between their countries. They will also focus on poverty reduction,[…..]

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    Logistics industry posts 20 percent growth in added value for 2007

    Mar. 31 – China’s logistics sector realized RMB1.7 trillion in added value last year, a growth of 20.3 percent on the previous year, according to the National Development and Reform Commission. The growth rate was 5.2 percentage points higher than the year-earlier level. The added value accounted for 17.6 percent of the total added value[…..]

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    Report: Land prices to rise slower in 2008

    Mar. 28 – Land prices in China will rise more slowly this year than in 2007 according to a report from the China Land Surveying and Planning Institute. The institute, a division of the Ministry of Land and Resources forecasts that measures to curb property prices will begin to take effect, slowing growth in the[…..]

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    Does China Have India’s Built-in Resilience Over U.S. Downturn Concerns?

    India’s Finance Minister lays down his reasoning India will escape a U.S. recession, but does China have the same fundamentals? By Chris Devonshire-Ellis in New Delhi and Andy Scott in Shanghai Mar. 27 – At the start of 2007 India and China were poised to dominate the world economy. The countries were both experiencing huge[…..]

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    Hainan Airlines 2007 profits nearly quadruple

    SHANGHAI, Mar. 26 – Hainan Airlines net profits nearly quadrupled in 2007, thanks to a booming domestic industry and a stronger Chinese currency. The company, China’s forth largest carrier, posted a net income of RMB651.4 million, up from RMB166.8 million in 2006 it said in a statement to the Shanghai Stock Exchange. The Haikou-based carrier’s[…..]

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    China commodities exports to slow as domestic economy warms, imports to increase

    China developing quietly as worlds largest commodities trading center Mar. 25 – Amidst the on-going rhetoric about China’s trade imbalances, a little understood, but significant revolution is underway – the massive emergence of China as the worlds largest commodities trading center. Global commodities markets have seen prices of goods such as basic fuels, grains and[…..]

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    China increases output target of largest domestic oilfield

    By Andy Scott Mar. 24 – China’s largest oilfield, Daqing, increased its setimated output target to 40 million tons annually in the coming decade. The Daqing oilfield produced 41.7 million tones of oil in 2007, slightly above the target of 41.62 million tons Xinhua reported. The oilfield’s change in output target is related to China’s rising[…..]

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    BASF plans US$900 million expansion project in Nanjing

    Mar. 24 – China’s largest oil refiner Sinopec and Germany-based BASF officially submitted a planned US$900 million project extension at its joint venture in Nanjing for review by the Chinese authorities on March 19. The project, enlarging the annual production volumes of ethylene pyrolysis at Yangtsi-BASF from 600,000 tons to 750,000 tons, represents BASF’s largest petrochemical[…..]

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