Business News People's Daily Online, All rights reserved! http://english.people.com.cn en-us Wed, 04 Jul 2007 15:34:42 +0800 144 58 http://english.people.com.cn http://english.people.com.cn/images/en/top_logo_e.gif http://english.people.com.cn/200707/04/eng20070704_389744.html Yao Jingyuan, chief economist of the National Bureau of Statistics, said that China's economy had maintained a steady and rapid growth in the first half of the year. However, within economic development, some major problems also exist, including extremely fast industrial growth, the pressure of a large foreign trade surplus, and growing pressure from a price hike. Wed, 04 Jul 2007 15:32:31 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=389744&link=/200707/04/eng20070704_389744.html http://english.people.com.cn/200707/03/eng20070703_389734.html China's currency, the yuan, hit a new high on Tuesday against the U.S. dollar, according to the Chinese Foreign Exchange Trading System. Tue, 03 Jul 2007 10:58:13 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=389734&link=/200707/03/eng20070703_389734.html http://english.people.com.cn/200707/03/eng20070703_389723.html The Organization of Petroleum Exporting Countries (OPEC)'s weekly average crude oil prices stood at 67.49 U.S. dollars per barrel, down 0.25 dollars from this year's record high registered in the previous week, the cartel's secretariat said on Monday. Tue, 03 Jul 2007 10:25:57 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=389723&link=/200707/03/eng20070703_389723.html http://english.people.com.cn/200707/03/eng20070703_389720.html Wall Street rallied Monday on stronger manufacturing activity and buyout news with the Dow Jones average rose more than 120 points. Tue, 03 Jul 2007 10:25:52 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=389720&link=/200707/03/eng20070703_389720.html http://english.people.com.cn/200707/03/eng20070703_389719.html U.S. Trade Representative (USTR) Susan C. Schwab expressed appreciation Monday for action in Congress passing and President George W. Bush signing legislation to extend the Andean Trade Preference Act (ATPA). Tue, 03 Jul 2007 10:25:50 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=389719&link=/200707/03/eng20070703_389719.html http://english.people.com.cn/200707/03/eng20070703_389714.html Ten years after some Asian countries were hit by a twin currency and banking crisis marked by massive outflow of "hard currencies," they are faced with the challenge of how to tap its huge foreign reserves via financial cooperative mechanisms, said experts at a symposium held Monday in Manila on the 10th anniversary of the Asian financial crisis. Tue, 03 Jul 2007 10:24:56 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=389714&link=/200707/03/eng20070703_389714.html http://english.people.com.cn/200707/03/eng20070703_389713.html Economic growth in the United States is likely to recover as the year progresses, but that could fuel inflation, according to the latest Wall Street Journal survey of forecasters. Tue, 03 Jul 2007 10:24:54 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=389713&link=/200707/03/eng20070703_389713.html http://english.people.com.cn/200707/03/eng20070703_389711.html The Nasdaq Stock Market Inc. ( NASDAQ) announced on Monday it will introduce the NASDAQ Exchange Traded Fund (ETF) Market, a market segment designed specifically for ETFs and Index Linked Notes (ILNs). Tue, 03 Jul 2007 10:24:50 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=389711&link=/200707/03/eng20070703_389711.html http://english.people.com.cn/200707/03/eng20070703_389709.html Crude prices rose above 71 U.S. dollars a barrel on Monday after profit-taking in the early trading. Tue, 03 Jul 2007 10:24:46 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=389709&link=/200707/03/eng20070703_389709.html http://english.people.com.cn/200707/03/eng20070703_1246576928.html Heavy buying of financial stocks yesterday lifted the mainland stock market to end 0.41 percent higher after it dropped as much as 2.5 percent at mid-afternoon on lingering fears that a special bond issue may draw liquidity out of the market. 2007-7-3 10:10:45 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=1246576928&link=/200707/03/eng20070703_1246576928.html http://english.people.com.cn/200707/03/eng20070703_1246576928.html China will give top priority to energy statistics in the economic census next year, a senior statistician said yesterday. 2007-7-3 10:09:53 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=1246576928&link=/200707/03/eng20070703_1246576928.html http://english.people.com.cn/200707/03/eng20070703_1246576928.html MANILA: Asia faces risks of new financial shocks despite its remarkable recovery from the 1997-98 financial crisis, and regional cooperation is vital to keep the region strong, Asian Development Bank (ADB) officials said yesterday. 2007-7-3 10:07:27 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=1246576928&link=/200707/03/eng20070703_1246576928.html http://english.people.com.cn/200707/03/eng20070703_1246576928.html Asian countries put the humiliation of the 1997 financial crisis behind them yesterday, arguing they were in a better position to deal with the sort of meltdown that crippled the region a decade ago. 2007-7-3 10:07:07 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=1246576928&link=/200707/03/eng20070703_1246576928.html http://english.people.com.cn/200707/03/eng20070703_1246576928.html As one of the world's largest producers of two ozone-depleting chemicals, China has honored its promise to phase out the substances ahead of schedule by banning the production and import of chlorofluorocarbons (CFCs) and halon. 2007-7-3 10:01:24 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=1246576928&link=/200707/03/eng20070703_1246576928.html http://english.people.com.cn/200707/03/eng20070703_1246576928.html Corporate social responsibility (CSR) should be taken into consideration when appointing and appraising the heads of State-owned-enterprises (SOEs), a business leader said yesterday. 2007-7-3 10:00:57 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=1246576928&link=/200707/03/eng20070703_1246576928.html http://english.people.com.cn/200707/03/eng20070703_389640.html A chief member of the State Environmental Protection Administration announced that China began to enforce nationwide, the national phase III motor vehicle emission standards, the State III standards that are equivalent to the Euro III standards, nationwide on July 1st. This event indicates that the control of China's motor vehicle emissions has entered a new stage. Tue, 03 Jul 2007 08:59:36 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=389640&link=/200707/03/eng20070703_389640.html http://english.people.com.cn/200707/03/eng20070703_389639.html Recently, the Chinese Academy of Social Sciences published a report revealing that China is moving towards a labor shortage, and 2009 will be the turning point from surplus to shortage. For instance, in confirmation of this conclusion, the "labor shortage" in the Pearl River Delta and southeast of Fujian continues to spread. The surplus or shortage of labor is a basic national issue. Will China's labor come up short? Tue, 03 Jul 2007 08:59:34 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=389639&link=/200707/03/eng20070703_389639.html http://english.people.com.cn/200707/03/eng20070703_389628.html What Asia has learnt from the Asian Financial Crisis? Can Asia weather another crisis? These are the questions that local political and financial leaders keep asking themselves and being asked by media exactly 10 years after the worst financial disaster to hit the region on July 2, 1997. Tue, 03 Jul 2007 07:59:45 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=389628&link=/200707/03/eng20070703_389628.html http://english.people.com.cn/200707/03/eng20070703_389627.html Thailand's general inflation rate in the first half of this year increased by 2.2 percent year-on- year, the Commerce Ministry said on Monday. Tue, 03 Jul 2007 07:59:44 +0800 http://english.people.com.cn/other/book/guestbook.php?book_id=389627&link=/200707/03/eng20070703_389627.html