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CNOOC Offers US$18.5 Bln for Unocal
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| China National Offshore Oil Corporation (CNOOC) Ltd, China's largest offshore oil and gas producer, announced early on Thursday it has proposed to pay US$18.5 billion for Unocal Corporation, offering US$67 in cash per Unocal share. If successful, it would be the biggest-ever overseas acquisition for a Chinese company. |
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'Forced' Voting on UN Reform Opposed
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| A Foreign Ministry official in London yesterday for meetings with other permanent members of the UN Security Council said China is strongly opposed to any "forced" voting on reform programs that are still controversial, but supports further consultation and discussions. |
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China Excluded from WYC Last 8 by Germany
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| China twice took the lead but finally lost 3-2 to Germany at Willem II Stadium in the Netherlands Tuesday, exiting the World Youth Championship (WYC) at the last sixteen stage. |
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Haier Group Bids US$1.28 Bln for Maytag
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| China's leading home appliance maker Haier Group has made a bid to buy Maytag, the third-largest appliance maker in the United States, for US$1.28 billion, the US company announced yesterday on its website. |
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Wen Meets South Korean PM
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| Premier Wen Jiabao met with South Korean prime minister in Beijing Tuesday, urging all parties concerned to show more flexibility and sincerity to ensure resumption of the six-party talks on the Korean peninsular nuclear issue. |
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Party Backs Legislators' Year-round Role
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| Last Friday, the Communist Party of China Central Committee urged all levels of government to support policies widening the scope of the work of National People's Congress deputies, even when the legislature is not in session. |
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Torrential Rains Pelt East, South
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| Incessant torrential rains have ravaged east China's Jiangxi Province and Guangxi Zhuang Autonomous Region in south China, taking water levels of major rivers above warning lines. |
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China's Wildlife Parks: Not Quite the Animal Haven
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| Although overall living conditions in China's wildlife parks have improved in recent years, issues of health problems and mistreatment remain, and animal welfare experts are urging for the creation of more protective legislation and improvements in public wildlife protection awareness. |
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Price Stability Key to Property Market
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| A string of well-orchestrated government cooling measures have dampened a nationwide frenzy to buy apartments and houses. Now more people are waiting for big price cuts. But will such substantial discounts materialize? |
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CCB Agrees to Sell 9% Stake to US Bank
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| According to an agreement signed in Beijing on Friday, the Bank of America will pump-in US$2.5 billion to buy nine percent stake in the state-run China Construction Bank, marking the largest single foreign investment in China's banking sector. |
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