news

Nation to enhance its firms overseas
China, a powerful magnet for foreign investment, is mulling over how to improve its capital presence overseas, and a new micro-monitoring system is proof of the government\'s ambition.

Reform of state-owned enterprises makes big progress
State-owned enterprises (SOEs) in China have stepped out of the mire of the past and the reform of the nation\'s SOEs is set to deepen, Vice-Premier Wu Bangguo said Monday.

Bush orders missile defense system deployed
US President George W. Bush on Tuesday ordered the military to begin deploying a national missile defense system with land- and sea-based interceptor rockets to be operational starting in 2004

US Secretary of State Colin Powell briefs the press at the State Department December 19, 2002. Powell condemned Iraq\'s arms declaration as riddled with deceptions and omissions and declared it in "material breach" of U.N. resolutions on Thursday but suggested Washington did not plan to use the document as an immediate trigger for war. [Reuters]

Nation to cut import tariffs
China will cut the import tariffs on more than 3,000 items from January 1, the Ministry of Finance said yesterday.The average import tariff level will drop to 11 per cent next year from the present 12 per cent.

New map officially delineates Chinese provincial boundaries
The first map in China with provincial boundaries having a legally binding force was completed Tuesday, marking a success in internal boundary demarcation.

State fiscal revenue up 12.4 per cent
China\'s fiscal revenue grew a year-on-year 12.4 per cent during the first 11 months of this year, Finance Minister Xiang Huaicheng said in Beijing Wednesday.

China launches fourth unmanned spacecraft
China launched its fourth unmanned spacecraft "Shenzhou IV" early Monday morning with a " Long March II F" carrier rocket, a move that could soon lead to its manned space voyage.

National GDP set for 8% growth this year
The Chinese economy is set to grow 8 per cent in 2002, predicted the National Bureau of Statistics. It said that the speedy growth of China\'s economy this year was fuelled by booming exports and the central government efforts to stimulate domestic demand.

Annual FDI to China expected to reach US$100 billion
Foreign direct investment in China is expected to reach US$100 billion in every year of the 11th Five-Year Plan period (2006-10), experts said Wednesday