Investments must be limited
Investments must be limited
The State Council believes China should limit fixed-asset investments because of overcapacity in industries such as aluminum, automobiles, coke and steel. The government should tighten its grip on land use and credit supply in an effort to control fixed-asset investment growth, the cabinet said. China s fixed-asset investment grew by 26.6% in the first two months of this year to US$65.9 billion, while overall growth for 2005 was 27.2%. The total loans issued by financial institutions in China increased by 13.4% to US$2.66 trillion by the end of February, according to the Central Bank.
Air China adds routes
Air China is to launch flights to New Delhi and Mumbai in October to tap into rising demand for direct links with India. The mainland s leading carrier will fly from Beijing to New Delhi four times a week, using Boeing 767s, the General Administration of Civil Aviation of China announced. In April last year, India and China agreed to increase air travel between the two nations. Air traffic between the countries is expected to rise by 10% this year, according to the International Air Transport Association. China Eastern already operates flights from Shanghai to New Delhi, while Air India flies from Mumbai and New Delhi to Shanghai.
Hu, Putin unveil Russia Year in China
China and Russia held a grand ceremony in Beijing Tuesday in the Great Hall of the People in Beijing, making a high-profile commencement of the Year of Russia in China.
Counterfeiting and Counter Imperialism
Are you certain that the medicine you are taking is authentic? Are you sure your motor car brake repairer installed up-to-specification parts in your car
Chinese ambassador reiterates IAEA’s leading role in Iranian issue
Chinese Ambassador to the United Nations Wang Guangya reiterated on Tuesday that the UN Security Council should support the International Atomic Energy Agency (IAEA) in dealing with the Iranian nuclear issue.
