Shanxi to slash half of its coalmines

China Shenhua Group, the nation＇s top coal miner, agrees to offer 85 million tons of thermal coal to the state conglomerate China Resource Co., Ltd in the next five years, with both companies promising to keep the supply price ＂relatively Stable＇; according to a newly-signed deal hereon March 28.     

Seeking China Capital for Investment in Iran Oil Refining

Influenced by the financial crisis, the overall bilateral trade volume between China and lran decreased .by 39% in the first quarter of 2009;however, the volume of Iran＇s exported crude oil to China has increased by 88% compared with the same period last year up to May of 2009, totaling 308.8 million tons. Iran, as the world＇s No.5 crude exporter, replaced Saudi Arabia as China＇s largest oil supplier. At the same time, China, as the world＇s No.2 oil consumer, now imports half of the crude oil it consumes, and has become Iran＇s third largest customer.     

Strong Renminbi Policy ＆ the Coming of Age of China＇s Outward FDI

This, we believe, will be the year of Beijing＇s strong renminbi policy. Despite concerns about exports, we believe Beijing will keep the CNY pegged against a strong dollar. Combined with cheaper commodity prices and the pressing need of many overseas commodity firms to deleverage, this will create the perfect opportunity for China＇s firms to significantly ramp up their outward foreign direct investment （FDI）. China＇s outward FDI flows are focussed on three sectors： energy, raw materials, and agricultural land. The beginning of 2009 has seen a flurry of deals in which Chinese investors have secured ownership or long-term supply contracts to such things.     

China？World？Expo! ：From 1851 to Today -China in the World Expo

An exhibition is always a convenient window to catch a glimpse of the whole story hidden behind the scenes. To be more open to the outside world. China, armed with a variety of expos, stretches out to display .her unique fascination to other nations. In the mean time, to build closer ties with the international community, more global elements have been added to the expos held at home. What links the two sides together is the essence of the expo industry, and the further China walks, the more expos she will want to host.     

Dispute over Capital Contribution in A Joint Venture

In November 1994, the Claimant and the Respondent signed an agreement to establish a limited liability entertainment company （the joint venture）. The contract required both parties to contribute capital, including a one-time payment of registered capital made within five months of acquiring the necessary license to conduct business. The joint venture obtained a copy of this license on November 30, 1994. The Claimant argued that it provided capital in full within the time limit specified by the contract and alleged that the Respondent was unable to fulfill its obligations because the property it intended to provide as capital had already been mortgaged to another party. Negotiations conducted by the parties concerning this dispute failed to produce a result. In 1996, according to the terms of the contract, the Claimant referred the matter to CIETAC for arbitration.     

Let＇s Go to America!

The United States and China have signed an agreement to facilitate Chinese group leisure travel to the United States. This agreement provides the necessary framework to permit group leisure travel from China to the United States. U.S. companies can now enter into business relationships with Chinese travel agencies to organize and market travel packages for group leisure travel to the United States. It also attracts more and more Chinese to go to America, as more and more convenience and comforts are coming up during the travel.     

ANHUI PROVINCIAL PEOPLE'S GOVERNMENT DECIDES TO SPEED UP THE USE OF FOREIGN CAPITAL

On February 12,the Anhui ProvincialPeople's Government made a decisionon the speeding up of the use of foreigncapital.The decision involved the followingseven aspects: 1.To seize the opportunity to reviseideology and to open up a new situation formaking use of foreign capital.The decisionurges the various localities to seize the righttime to shift their focus to making good useof their own advantages,and improving thelocal investment climate and the quality ofservice in the light of their actual conditionsso as to absorb more foreign funds.Meanwhile,enterprises must be led to face the marketand to join equal competition so as to pushforward the use of foreign funds to a new     

China-Costa Rica Entrepreneurs Conference Successfully Held

On the morning of April 2, CCPIT Vice Chairman Zhang Wei met with the new Moroccan Ambassador to China, Mr. Hakim. Vice Chairman Zhang Wei first extended his welcome to the visit of Ambassador Hakim with warm congratulations on his taking office and introduced him in detail to the functions of the CCPIT. He hoped that through joint efforts the communication and co- operation between the CCPIT and the Moroccan business circle would be strengthened to provide convenience for the Chinese enterprises to make investment in Morocco.     

Romania A Beautiful Land Beyond Your Dream

Location Romania is situated in the southeastern part of Central Europe and shares borders with Hungary to the northwest, Yugoslavia to the southwest, Bulgaria to the south, the Black Sea and Ukraine to the southeast and to the north and the Republic of Moldova to the east. Roughly the size of Oregon, Romania is the second largest country in the area, after Poland.     

China＇s car imports likely to grow 20% in 2010

China has been the ＂one to watch＂ in the automotive industry for some time, having already established itself as the largest car market in the world ahead of the USA. However, now the central government plans to implement a new policy to encourage consolidation and to push Chinese-brand passenger vehicles into the mainstream.