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Monthly Archives: September 2014

Alibaba Affiliate Wins Approval to Start Private Bank

BEIJING— Alibaba Group Holding Ltd. BABA -1.89% ‘s financial affiliate won approval from Chinese authorities to establish a privately owned bank, regulators said Monday, as the e-commerce giant moves further into financial services. The China Banking Regulatory Commission said it gave approval to start a bank to a financial affiliate...
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Europe helps boost yuan use internationally

Yuan activities are accelerating across European financial centers including London, Paris and Luxembourg, signaling a big step forward in the internationalization of the currency and Europe’s crucial role in supporting this process. Following the UK-China Economic and Financial Dialogue on Sept 12, the UK government announced that it will issue...
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Luxurious new Boeing 777 delivered to China Eastern

China Eastern Airlines has taken delivery of its first Boeing 777-300ER. The new airplane is the first of 20 that China Eastern has on order. “We are delighted to introduce our first 777-300ER in China Eastern’s new look in celebration of the 10th anniversary of the 777-300ER program,” said Liu...
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High-speed train from Nanning to Beijing starts operation

High-speed train G422, which travels to Beijing, is set to leave Nanning, South China’s Guangxi Zhuang autonomous region, on Thursday, Sept 25, 2014. Starting operation on Sept 25, the train will cut the travel time between the two cities to 13 hours and 30 minutes. High-speed train G422, which travels...
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China plans giant fish-farming ship at Nansha

Plans for the construction of China’s first factory fish-farming ship at the Nansha islands are underway, the China Science Daily has reported. The converted oil tanker could weigh as much as 200,000 tons, and will function as a multi-purpose mobile offshore production base, according to Lei Jilin, a researcher at...
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Top China bank to relax rules on home loans – paper

One of China s top State banks planes to ease rules on mortgage lending as the government seeks to bolster the countries flagging property market, the Shanghai Securities News reported on Tuesday The latest report came a day after 21st Centure Business Herald cited unindentified sources as saying that Chainas...
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Alibaba ‘world’s biggest public stock offering’

  Chinese internet giant Alibaba has raised $25bn in its share flotation, according to US media, making it the largest initial public offering (IPO) in history. On Friday, investor demand led the stock to make itsat $92.70, more than 38% above its $68 initial price....
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“Bulgaria Air” will fly to China and Belarus

Government has defined “Bulgaria Air” JSC as air carrier that will operate the routes between Bulgaria and China from Bulgarian side, as well as between Bulgaria and Belarus. The carrier must commence operation within 6 months from the effective date of his appointment, announced by the Government Information Service.                                         Bulgaria...
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Textile firms get ready for sustainable development

Many labor-intensive manufacturing industries in China have declined with the country’s economic slowdown. But China’s textile and apparel industry is determined to resist the trend by becoming more efficient, innovative and environmentally friendly, according to the industry’s 2013-2014 social responsibility report....
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