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UPDATE 1-China's Zhou says no pressure on yuan at G20
MELBOURNE, Nov 18 (Reuters) - Chinese central bank governor Zhou Xiaochuan, attending a meeting of the Group of 20 economic powers, said on Saturday he had not felt pressure from other financial leaders over the yuan's exchange rate.
China tests computer-aided sentencing
When farmer Li Jiaxin came up for trial in Zibo, Zichuan District, Shandong Province, China, he faced something new: computer-aided sentencing. Li had used a knife to slash the face and arm of his victim. Apparently contrite over what he had done, Li paid 17,800 yuan ($2,200) in compensation and turned himself in to police. He eventually came up for trial and was found guilty.
GM Rolls Out New Cadillac Models In China
General Motors Corp. on Friday launched four new Cadillac models in China, highlighting the country's growing market for luxury automobiles.The world's largest automaker said the Cadillac Seville Luxury Sedan, also known as the SLS, will be priced between 500,000 yuan and 750,000 yuan ($63,580 to $95,340).The Cadillac SLS is the sixth generation of the classic Cadillac Seville, which was launched three decades ago, a GM China statement said.GM said Chinese demand for high-end cars was expected to strengthen in the coming years.Luxury car sales in China rose 24.5 percent in the first eight months of the year, and annual demand for high-end passe...
CCTV ad revenues hit new high as Olympics near
Xinhua reports: The bidding for advertising on China Central Television (CCTV) in 2007 concluded on Saturday with the network's revenues hitting 6.79 billion yuan, up 16 percent over last year. Procter & Gamble, the world's consumer goods giant topped the bidding list for the fourth year running, at 420 million yuan, CCTV announced.
Honda rolls out luxury brand in China
Research ) and other foreign luxury car brands to compete in the world's second-largest auto market.The imported Acura RL and TL are priced at 680,000 yuan ($86,024) and 430,000 yuan, respectively, a ...
China Sets New High For Yuan Vs. Dollar
The official opening exchange rate for the Chinese yuan was set at a record high against the U.S. dollar on Monday and a top official pledged more progress on loosening currency controls.
China plans large-scale investment in new energy
China, the world's second-biggest energy consumer, plans to spend 800 million yuan (US$100 million) over the next 10 years to study next-generation fuel, called natural gas hydrates, that could possibly ease the nation's increasing reliance on oil imports in the long run.
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World Shipping (China) Summit 2005
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| China He Hotel In New World Yuan
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