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MOHE, Heilongjiang, Jan. 2 (Xinhua) -- Some 42,000 tonnes of crude oil had as of 5:48 a.m. Sunday flowed through an oil pipeline linking Russia's far east and northeast China, 24 hours after the pipeline began operating, a spokesman for the Chinese operator of the pipeline said.The pipeline, which originates in the Russian town of Skovorodino in the far-eastern Amur region, enters China at Mohe and terminates at northeast China's Daqing City.A total of 1.32 million tonnes of oil is scheduled to be transported to China through the pipeline in January, said a spokesman for Pipeline Branch of Petro China Co., Ltd. (PBPC), the operator of the Chinese section of the pipeline.The 1,000-km-long pipeline will transport 15 million tonnes of crude oil from Russia to China per year from 2011 until 2030, according to an agreement signed between the two countries. Some 72 kilometers of the pipeline is in Russia while 927 km of it is in China.
WASHINGTON, Dec. 2 (Xinhua) -- China's rapid economic growth is good for the U.S. workers, and the U.S. government is committed to improving bilateral economic relations with China, said U.S. Commerce Secretary Gary Locke on Thursday."China has lifted almost 200 million people out of poverty (in the past two decades). And in the years ahead, hundreds of millions more Chinese will ascend into the middle class," Locke said at a U.S.-China commercial relations forum, which was held in Washington ahead of the U.S.-China Joint Commission on Commerce and Trade (JCCT) session scheduled for Dec. 14-15."The United States welcomes this growth because this is good for the people of China ... it's good for the global economy, and good for U.S. business and ultimately, U.S. workers," said Locke.He noted that as recently as 40 years ago, the commercial relationship between the United States and China barely existed. But in the recent decades, "we have seen our countries grow progressively closer."In 2009, the bilateral trade volume reached some 365 billion dollars. China was the largest supplier of U.S. goods imports in 2009 and was the third-largest market for U.S. exports, only after Canada and Mexico.Locke mentioned that as U.S. Commerce Secretary, he has visited China for four times."Each time I visit China, I'm absolutely amazed by the transformation and the progress within China," he said.Locke noted that although there are disagreements between the two sides, there are more opportunities for cooperation."In many areas, especially in emerging industries, like clean energy and biotechnology, the interests of China and the United States are tied together. And the reform as good for the U.S. will be good for China as well," he added.Locke also revealed that during the upcoming 21st session of the JCCT in Washington D.C., the two countries will seek to further "nurture and improve the most highly-scrutinized bilateral economic relationship on Earth.""This is our most important bilateral dialogue or mechanism for resolving trade and investment issues between our two countries," he stressed.The session will be co-chaired by Locke and U.S. Trade Representative Ron Kirk with Chinese Vice Premier Wang Qishan. U.S. Secretary of Agriculture Tom Vilsack will also join the dialogue.
BEIJING, Jan. 3 (Xinhua) -- The Purchasing Managers' Index (PMI) for China's non-manufacturing sector was back to growth in December last year after declining for two months, the China Federation of Logistics and Purchasing (CFLP) said Monday.The December PMI for non-manufacturing sector rises to 56.5 percent, 3.3 percentage points higher than a month earlier, the CFLP said in a statement on its website.The figure declined month on month in October and November last year to a nine-month low of 53.2 percent in November.The non-manufacturing PMI is a package of indices that measure the non-manufacturing sector's performance.A reading above 50 percent indicates economic expansion while one below 50 percent indicates economic contraction. It was the eighth straight month the reading was above 50 percent.The monthly rise had reflected a steady growth in China's non-manufacturing sector, with new orders index 2.2 percentage points higher month on month to 52.3 percent and new export orders jumped 3.3 percentage points to 50.6 percent, said the CFLP.According to the CFLP, the New Year holiday, as well as the coming Lunar New Year holiday, or Spring Festival, which falls on early February this year, has led to a rebound in the consumer service sector, especially in the retailing and the catering businesses.The rapid growth in the information service industry has also contributed to the rise, which had largely driven up the producer service sector, of which the business activity index was up 4.3 percentage points to 59.7 percent, it said.The CFLP also pointed out that the intermediate input price index for December was down 0.7 percentage points from the November level to 65.9 percent, indicating that inflation condition has not worsened in the past month, but it suggested the government closely monitor its future trend.Noticeably, the new order index for the real estate industry remained below 50 percent by falling 2.3 percentage points to 45 percent, which was "a move toward the government's macro-control target", said the statement.
NEW DELHI, Dec. 16 (Xinhua) -- Chinese Premier Wen Jiabao and his Indian counterpart Manmohan Singh on Thursday reaffirmed their commitment to promote bilateral relations.In their talks, Wen said the relationship between China and India has experienced an unusual course of development over the past 60 years. However, friendly cooperation has always been the main stream, which is not only in the interest of both countries and peoples, but also helpful for peace and development of the region and the world at large.The Chinese premier, who arrived here Wednesday for his second official visit to India following the trip in 2005, pointed out that this year marked the 60th anniversary of the establishment of China-India diplomatic ties.He said he is satisfied with the progress of bilateral relations over the years and looks forward to the future.The two countries should grasp the historical opportunity to boost political and strategic mutual trust and move forward the China-India relations along the track of lasting friendship, mutually beneficial cooperation and common development, Wen added."I hope my current visit is the one to carry on the past and open a way for future, which will further enhance our win-win cooperation," Wen said.Singh said that high-level exchanges between China and India have become closer, and political and strategic mutual trust has continuously improved.He said that the comprehensive cooperation in all fields has been enhanced ever since the two countries established a strategic and cooperative partnership for peace and prosperity five years ago.At present, the two countries are at a crucial stage of development, Singh said.He said the enhancement of communications and cooperation was not only conducive to the development of India and China, but also will push forward the rejuvenation of Asia and promote world peace and development."I believe the visit of Premier Wen will give a new impetus to bilateral relations," Singh said.
BEIJING, Jan. 17 (Xinhua) -- Home prices in 70 major Chinese cities rose 0.3 percent month on month in December and 6.4 percent year on year, the National Bureau of Statistics (NBS) said Monday.The annualized growth rate dropped from 7.7 percent in November, making December the eighth consecutive month of slowing growth from a peak of 12.8 percent in April last year, when the government stepped up controls to curb prices.New home prices climbed 7.6 percent year on year last month and 0.3 percent month on month, while prices for second-hand homes rose 5 percent year on year and 0.5 percent month on month, said a statement on the NBS website.File photo taken on Nov. 14, 2010 shows a newly built residential community in east China's Shanghai Municipality.Property sales volume, in terms of floor space, was up 11.5 percent from a year earlier to 218.08 million square meters last month, and the value of sales rose 21.9 percent to more than 1.02 trillion yuan (about 155 billion U.S. dollars).Property sales for the whole of last year surged 10.1 percent year on year to 1.04 billion square meters, and the sales value was up 18.3 percent to 5.25 trillion yuan, it said.Property investment last year jumped 33.2 percent year on year to 4.83 trillion yuan. In December alone, 557 billion yuan was invested in the real estate sector, up 12 percent year on year.