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Offshore Oil Producer Raking in Cash
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| The nation's top offshore oil producer, China National Offshore Oil Corp Limited (CNOOC), said on Friday its 2005 profit rose 57 percent on the previous year. |
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WTO Official: China Not to Blame for US Trade Deficit
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| A senior World Trade Organization (WTO) official said in Geneva on Friday that China was not to blame for the huge US trade deficit and Washington could not solve this problem through protectionism. |
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Macao Hosts Development Dialogue Ahead of WTO Ministerial Meeting
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| A high-level government-business dialogue on development, cohosted by the United Nation's Economic and Social Commission for Asia and the Pacific (UNESCAP) and International Trade Center (ITC), was kicked off in Macao on Tuesday. |
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Fairness and Liability Urged
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| An Economic Information Daily report last week pointed out some areas of concern in the transition from a controlled economy to a market-oriented one, and made some suggestions on how to remedy them. |
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1st Public Service Committee Established
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| The first public service committee was set up in a district of Beijing last week that will manage 29 public service units previously affiliated to local health and culture authorities. The move was welcomed in the local press, though high expectations may be a challenge to meet. |
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Heilongjiang to Increase Border Trade with Russia
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| Northeast China's Heilongjiang Province has pledged to enhance economic cooperation with Russia as part of a revitalization strategy of old industrial bases. |
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Budget Reform: Progress So Far
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| In 1999, the finance ministry launched important reforms: submitting its budget to the National People's Congress and rationalizing the allocation of departmental funds. Though progress has been made, many deputies believe there is still need for further change. |
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Budget Reform: Transparent Need?
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| Many flaws in current government budget and financial accounts management have been raised by NPC Standing Committee members and commentators. These include a lack of transparency and adequate, useful information. Such weaknesses can be exploited by those pursuing their own ends. |
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China to Contribute to Doha Round of WTO Talks
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| China is ready to contribute to the Doha round of talks on the World Trade Organization (WTO) and hopes its WTO member status as a developing nation will be recognized and supported, said Minister of Commerce Bo Xilai. |
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Chinese Vice Premier Meets EU Trade Commissioner
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| The Chinese government values the China-EU all-around strategic partnership, said Chinese Vice Premier Wu Yi in Beijing Friday. |
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