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Air China launched new nonstop flights between Beijing and London Gatwick Airport on Wednesday, increasing its capacity on the route by more than 50 percent.
China's automobile import growth slowed in the first quarter, but the segment is expected to maintain reasonable growth in the next few years.
Minister of Commerce Chen Deming said Thursday that the current trade imbalance between China and the United States has mainly been caused by US restrictions on over 2,400 items exported to China.
China and EU will expand collaboration in alternative energy sector to achieve shared objectives in terms of energy conservation and emissions reduction.
Pascual said US oil giants such as Exxon Mobil could benefit from partnerships with Chinese companies in developing shale gas in China.
China Investment Corporation announced Thursday it has launched a joint growth fund with its European peers to invest into European groups to boost their growth in China.
The European Union should loosen its restrictions on high-tech exports to China as soon as possible, said Chinese Vice-Premier Li Keqiang.
The expansion of China's non-manufacturing sector slowed in April as demand from the construction and service industries moderated.
China, Japan and South Korea agreed to promote use of their foreign exchange reserves to invest in each other's government bonds to strengthen cooperation.
Bright Food Group Co Ltd, the country's second-largest food maker, has agreed to buy a controlling stake in British cereals maker Weetabix Ltd.
US Treasury Secretary Timothy Geithner said that there would soon be substantial progress in easing those restrictions on exports to China.
Private investors can now trade renminbi bonds in London as the first yuan-denominated bond released outside China was listed on the London Stock Exchange.
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