China Financial News Headlines

October 3, 2008

International Cooperation

Filed under: financial news — Tags: , , , — Nancy @ 9:41 am -0500

The EU announced that It would keep levying Anti-dumping Tax on Chinese-made Leather Shoes
According to customs statistics, China has exported 3.39 billion pairs of shoes from January to May in 2008, which declines 3.6% compared with last year.

Russia will complete the National Identification on Construction of Oil Pipeline in China
The construction program about the China part of the Russian Eastern Siberia - Pacific Ocean (601099 shares) oil pipeline has delivered to relevant departments for national identification. And the identification will be finished in the near future.

Small and Medium Enterprises could apply for State Aid to open up Their Abroad Market
In order to explore the international market, many companies in Shandong province go around the world to study other markets, spending a lot of expenditure every year. While few enterprises know that the government will subsidize the cost for them.

other news:

To start construction of The First 220 kilovolt Power Transmission Line crossing Taklimakan Desert
Today China power sector starts to build the first 220 kilovolt power transmission project crossing the Taklimakan desert, which could provide the electricity for the project, developing oil and gas resources in the Tarim basin, as well as exploiting mineral resources in Kunlun mountains.

Ping An of China abandons the Acquisition of Fortis Asset Management Company
China Ping An Insurance (Group) limited liability company confirmed the notice on 2nd that, they have given up purchasing the 50% shares of the Belgian Fortis Asset Management company by 2.15 billion euros.

The granted local business in Brazil of China Bank
Brazil national currencies commission has formally allowed China Bank established a branch in Brazil and engaged banking and investment business as a common bank.

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