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China Keeps Faith in Doha Trade Talks

China vows to keep pushing for the Doha Round trade talks and to safeguard the multilateral trade system, Chinese finance minister Jin Renqing told visiting WTO chief Pascal Lamy in Beijing on Monday. In talks with visiting World Trade Organization (WTO) Director-General Pascal Lamy, Jin said that China would keep contributing to the Doha talks, and pointed out that the country has honored its WTO accession commitments by slashing tariffs and continually opening up its markets. Ministry of...

WTO Chief Hails Chinas Role in World Trade

Director-General of the World Trade Organization (WTO) Pascal Lamy on Monday hailed China\'s performance since its entry into WTO in 2001.  Wang Jiarui, head of the International Department of the Communist Party of China (CPC) Central Committee, met with Lamy on Monday.  \"Lamy fully appreciates China\'s overall performance since it entered the WTO in 2001 and its great contribution to world trade prosperity and stability,\" according to a statement issued by the CPC International...

World Bank Provides US$100 Mln Loan to Support Micro-Business

The World Bank Board of Executive Directors yesterday approved a US$100 million loan to China to support the country\'s efforts to promote credit flows to micro and small businesses.  To meet the challenges it faces in maintaining sustainable economic growth and addressing rising economic and social inequalities, China is seeking to diversify the sources of economic growth and raise the efficiency of resource allocation. Ideally, these new sources should contribute to employment without...

WB Loan to Improve Urban Environmental Management

The World Bank\'s board of executive directors Tuesday signed off on a loan of US$173 million to China to support the Second Liaoning Medium Cities Infrastructure Project. This deal is further sweetened by a US$5 million grant by the Global Environment Facility (GEF).  The project will come as a boon to seven medium-sized cities and Yingkou Economic Development Zone in Liaoning Province which are in dire need of improved water supply, wastewater treatment and solid waste services. Such a move...

China Eximbank, World Bank Sign Cooperation Memo

Senior managers of the Export-Import Bank of China and the World Bank came together Monday in Washington to sign a Memorandum of Understanding aimed at building collaboration between the two organizations for development, with a particular focus on Africa. Mr. Li Ruogu, Chairman and President of Eximbank and Mr. Juan Jose Daboub, Managing Director of the World Bank, signed the Memorandum of Understanding that is designed to facilitate deepened cooperation. Established in 1994 Eximbank is...

WTO Chief Embarks on 4-day China Visit

Director-General of the World Trade Organization (WTO) Pascal Lamy arrived in Beijing on Sunday as he tries to revive the stalled Doha trade talks. In an interview prior to his departure for Beijing, Lamy said he would tell Chinese officials that developing countries should also contribute to the trade talks so they can be concluded in the next six to nine months. \"Obviously, all countries are preparing for a possible compromise ... and I want to make sure that as we reach this crunch time,...

China Keeps Faith in Doha Trade Talks

China vows to keep pushing for the Doha Round trade talks and to safeguard the multilateral trade system, Chinese finance minister Jin Renqing told visiting WTO chief Pascal Lamy in Beijing on Monday. In talks with visiting World Trade Organization (WTO) Director-General Pascal Lamy, Jin said that China would keep contributing to the Doha talks, and pointed out that the country has honored its WTO accession commitments by slashing tariffs and continually opening up its markets. Ministry of...

WTO Chief Hails Chinas Role in World Trade

Director-General of the World Trade Organization (WTO) Pascal Lamy on Monday hailed China\'s performance since its entry into WTO in 2001.  Wang Jiarui, head of the International Department of the Communist Party of China (CPC) Central Committee, met with Lamy on Monday.  \"Lamy fully appreciates China\'s overall performance since it entered the WTO in 2001 and its great contribution to world trade prosperity and stability,\" according to a statement issued by the CPC International...

World Bank Provides US$100 Mln Loan to Support Micro-Business

The World Bank Board of Executive Directors yesterday approved a US$100 million loan to China to support the country\'s efforts to promote credit flows to micro and small businesses.  To meet the challenges it faces in maintaining sustainable economic growth and addressing rising economic and social inequalities, China is seeking to diversify the sources of economic growth and raise the efficiency of resource allocation. Ideally, these new sources should contribute to employment without...

WB Loan to Improve Urban Environmental Management

The World Bank\'s board of executive directors Tuesday signed off on a loan of US$173 million to China to support the Second Liaoning Medium Cities Infrastructure Project. This deal is further sweetened by a US$5 million grant by the Global Environment Facility (GEF).  The project will come as a boon to seven medium-sized cities and Yingkou Economic Development Zone in Liaoning Province which are in dire need of improved water supply, wastewater treatment and solid waste services. Such a move...