April 21, 2009


Here are the leading business and finance stories pushed by Xinhua for 04/21/09:

*China says nationwide drive improves food safety monitoring

BEIJING, April 21 (Xinhua) -- China said Tuesday that food safety monitoring had improved since it launched a nationwide drive in December against illegal additives.

*China, Russia sign oil cooperation agreement

BEIJING, April 21 (Xinhua) -- China and Russia officials signed an oil cooperation agreement here Tuesday, which Chinese Vice Premier Wang Qishan described as a major breakthrough in bilateral energy cooperation.

*Crisis won't affect Airbus China assembly target: official

TIANJIN, April 21 (Xinhua) -- Leading world aircraft producer Airbus will cut monthly global production of the A320 in October but its assembly target in China won't change, a senior company official said Tuesday.

*China's insurance premiums expand 10 pct in 1Q, regulator reports

BEIJING, April 21 (Xinhua) -- Insurance premiums paid in China rose 10 percent in the first quarter from a year earlier, to 327.67 billion yuan (47.96 billion U.S.dollars), the China Insurance Regulatory Commission (CIRC) said Tuesday.

*Chinese enterprises are 70 percent private: official

FUZHOU, April 21 (Xinhua) -- More than 70 percent of Chinese enterprises are now privately-owned, said Zhong Youping, vice minister of the State Administration for Industry and Commerce of China here Monday.

*China to launch sixth remote-sensing satellite

TAIYUAN, April 21 (Xinhua) -- China is scheduled to launch a new remote-sensing satellite into the space Wednesday, a spokesman with the Taiyuan Satellite Launch Center in north Shanxi Province said Tuesday.

*China won't copy U.S. and EU in bioenergy development: legislator

CHONGQING, April 21 (Xinhua) -- Rigid domestic demand for grain crops has forced China to turn its back on corn and rapeseed, the traditional raw materials used by the West for bioenergy production, and focus on crops whose annual output stands much higher, said an agricultural legislator Monday.

*Overseas investors in China moving west amid financial crisis

XI'AN, April 21 (Xinhua) -- A Hong Kong-based energy firm has located its regional headquarters in the ancient Chinese capital of Xi'an, one of the latest overseas companies to seek opportunities in western China amid the global financial crisis.

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