China aims to improve trade balance in 2011

10:58PM GMT 23 Dec 2010 | Shenzhen Daily CHINA would try to import more in 2011 while keeping exports steady, Commerce Minister Chen Deming said yesterday, in a sign that the world’s second-largest economy is keen to pull more weight as a consumer. In a statement on the ministry’s Web site, Chen said China wanted…

Foreign direct investment up 38% in Nov

8:58am 16 Dec 2010 | Shenzhen Daily CHINA attracted US$91.7 billion in foreign direct investment (FDI) in the 11 months of 2010, nearly 18 percent more than the same period of 2009, the Ministry of Commerce said yesterday. The country was on course to attract US$100 billion in FDI this year, commerce ministry spokesman Yao…

Huawei turns focus on India

10:58PM GMT 15 Dec 2010 | www.telegraph.co.uk On the eve of Premier Wen Jiabao’s India visit last week, Chinese telecommunication giant Huawei Technologies announced a $2 billion (around Rs.9,000 crore) investment in India over the next five years, clearly indicating how serious it is to tap the hidden potential of the Indian telecom sector. Though…