Sunday, November 28, 2010

Russia and China: A love affair fueled by oil and gas

Russia and China have enjoyed a close but lopsided economic relationship since the mid-2000s. Beijing sees its giant neighbor to the west rather as little more than a source of energy and other commodities to feed China's rapidly growing economy. The results of recent meetings between senior Russian officials and China's premier Wen Jiabao suggest that the relationship is unlikely to change

Press:China May Set 4% CPI Target In 2011; Set Prudent MonPol

BEIJING (MNI) - China is likely to raise its inflation target for 2011 to 4%, the China Business News reported Wednesday, citing an unidentified source.Moreover, the government will pursue a "prudent" monetary policy, formally moving away from the "appropriately loose" policy adopted in late 2008 in reaction to the global financial crisis, the paper also said.The inflation target is usually