Overseas banks to deal in renminbi
(China Daily)
Updated: 2006-10-16 10:06
China opposed to nuclear test
China is "resolutely opposed" to the
nuclear test conducted by the Democratic People's Republic of Korea (DPRK), the
Foreign Ministry said in a harshly worded statement last week.
"On
October 9, the DPRK flagrantly conducted a nuclear test in disregard of the
common opposition of the international community. The Chinese Government is
resolutely opposed to this act," said the statement.
According to a
report by the official Korean Central News Agency, the DPRK conducted an
underground nuclear test last Monday morning.
China and Russia link
up
China and Russia, two of the world's major energy consumers and
producers, plan to spend US$10 billion over the next five years to build power
plants along the Sino-Russian border to satisfy China's surging energy
demand.
The planned generators have a total capacity of 10 GW
(gigawatts), about 2 per cent of China's installed capacity of 508 GW by the end
of last year, according to a statement on the website of the Beijing-based State
Grid Corp of China.
"According to the initial plan agreed by both sides,
Russian electricity monopoly Unified Energy System (UES) will work with its
Chinese counterpart to build a string of power stations in the Far East region
bordering China, and export the electricity back to China," the statement
said.
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