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BEIJING, Oct. 23 (Xinhua) -- China's Ministry of Finance (MOF) announced Friday it would sell 28 billion yuan (4.2 billion U.S. dollars) of book-entry discount treasury bonds from next Monday.The bonds would be sold at a discount and mature at face value, said the ministry in a statement on its website.With a term of 91 days, the issue price of the discount bonds would be 99.542 yuan, said the statement.The bonds will be sold from Oct. 25 to 27 and become tradable on inter-bank and securities bond markets on Oct. 29.The issue is the 14th batch of its kind this year.
BEIJING, Aug. 30 (Xinhua) -- China and the United States Monday underscored their close economic relationship and called for its healthy growth."China and the United States share very close economic ties," Chinese Vice Premier Wang Qishan told a U.S. delegation led by two Missouri senators - Christopher Bond and Claire McCaskill.Wang said bilateral cooperation in trade, economy, investment and finance generate substantial benefits for both peoples."Both sides should work together to create a sound environment for a positive, cooperative and comprehensive China-U.S. relationship in the 21st century," Wang said.Bond and McCaskill echoed Wang's comments, calling on the two countries to oppose trade protectionism.On global economy, Wang said the recovery of the global economy would be bumpy."All countries are confronted with the common challenge of seeking robust, sustainable and balanced economic growth."Wang also said the Chinese government would "make efforts to strike a balance between maintaining steady and fast economic growth with the restructuring of the economy and the curbing of inflation."The two senators are leading a delegation of nearly 20 leaders from a variety of Missouri businesses, trade unions and universities.During their stay in Beijing, the delegation will meet with officials from the commerce, foreign affairs, civil aviation and agriculture departments.They will also travel to Shanghai on east China's seaboard, where they will call on local officials and tour the ongoing World Expo.
BEIJING, Nov. 4 (Xinhua) -- A senior official with the China Chamber of International Commerce (CCIC) said Wednesday the United States has launched the wrong probe at the wrong time into the policies and practices by China in its green technology sector, as now is the "best time" for bilateral cooperation in the sector.The denunciation of the 301 probe by Lin Shunjie, CCIC deputy secretary general, came after the U.S. government decided to initiate an investigation on Oct. 15 into China's policies and practices in the clean energy industry, acting upon a petition filed in September by the United Steelworkers union.The union claimed the massive subsidies and discriminatory policies by China were shutting U.S. businesses out of China's renewable energy market and causing job losses in the United States. These charges come amidst worries that U.S. protectionist measures against its trade partners might be on the rise due to its sluggish economic recovery.However, Lin Shunjie said government subsidies in the United States to protect its clean energy industry were more extensive than those in China, adding the United States should reevaluate its subsidy policies and to especially benefit small and medium-sized companies.Further, Lin suggested the U.S. government increase the channels of financing for these small-scale companies in order to improve their competence in trade, rather than accuse other countries."The competence of small and medium-sized renewable energy companies in the United States is far behind those in Europe, Japan, and even Australia," said Lin, "while the Chinese market is open and is willing to import more products from overseas."Lin added that China had a trade platform for imported goods exhibitions in Shanghai, but so far very few U.S. companies have reached deals. "The U.S. government has not done enough in helping its enterprises increase their exports."The next five to 10 years would be the period when China and the United States see technology transfers and heightened inter-dependence of markets, Lin said while attending a conference held in Beijing on Wednesday.
TAIPEI, Sept. 18 (Xinhua) -- Counties and cities in Taiwan are bracing for the approaching typhoon Fanapi, as the local meteorological department forecasts it will make landfall over the eastern part of Taiwan early Sunday morning.Taitung, Yilan and Hualien counties announced schools were suspended as of Saturday night. Nantou county has evacuated some local residents living in danger areas in advance.The Maokong cable car, the longest one in Taiwan has halted operations.Tsengwen Reservoir, Taiwan's largest reservoir, has begun discharging water since Saturday noon, in preparation for heavy rains brought by Fanapi.TransAsia Airways, Mandarin Airlines and Uni Air have announced the cancellation of some Sunday flights.Some local farmers in Taitung County were racing against time to harvest crops, and fishing boats have returned to harbor.The eye of Fanapi was 420 kilometers east from Hualien County, as of Saturday noon, according to the local meteorological department.Taiwan will be prominently affected by Fanapi on Sunday and Monday, according to the forecast.
BEIJING, Nov. 5 (Xinhua) -- Chinese Vice Premier Wang Qishan on Friday called on China and the United States to strengthen economic cooperation and avoid politicizing economic issues. Wang made the remarks while meeting with Wendell P. Weeks, chairman and chief executive officer of Corning Incorporated, a large manufacturer of specialty glass and ceramics.Wang welcomed Corning's continued investment expansion in China, saying the economies of China and the U.S. were interdependent and highly complementary. Chinese Vice Premier Wang Qishan (R) meets with Wendell P. Weeks, chairman and CEO of Corning Incorporated, in Beijing, capital of China, Nov. 5, 2010.He called on the two sides to step up economic cooperation and make joint efforts to build a positive, cooperative and comprehensive Sino-U.S. relationship for the 21st century.Weeks expressed Corning's willingness to further cooperation with China.Later Friday, Wang also met with Josef Ackermann, chairman of the Management Board and the Group Executive Committee of the Deutsche Bank.During their meeting, the two sides exchanged views on the current international economic and financial situation as well as the reform of international financial supervision and regulation.