BERKELEY, Calif: Students barricaded themselves inside buildings on University of California campuses to protest a 32 percent increase in student fees and budget cuts that have led to slashed programs and lost jobs.
Demonstrators at UC Berkeley occupied Wheeler Hall on Friday and hung a sign from a window that read “32 Percent Hike, 900 layoffs,” [...]

The US ambassador to China on Friday hit out at the American media for their negative coverage of US President Barack Obama’s visit to China, saying they had failed to take into account important progress on many issues.
The trip was the top news story in China, drawing strong interest from the Chinese public who, surveys [...]

The appointment of Belgian Prime Minister Herman Van Rompuy as European Union (EU) president will help its member nations agree on a unified China policy and reduce the risk of estrangement in relations, diplomats and experts said on Friday.
EU leaders handed the block’s new top job to Van Rompuy on Thursday (Friday, Beijing time). They [...]

China Petroleum and Chemical Corp., known as Sinopec, on Wednesday put into commercial operation the country’s first Sino-foreign joint venture combining refining and petrochemical operations.
The facility, located in Quanzhou in the southeast China’s Fujian Province, will triple Fujian’s annual oil refining capacity to 12 million tonnes from 4 million tonnes.
The upgraded refinery primarily refines and [...]

Philippine fast food giant Jollibee Foods Corp.’s (JFC) net profit in the first nine months of the year rose 12.8 percent to 1.85 billion pesos (395 million U.S. dollars) thanks to robust sales from its fast-growing operations in China.
In a disclosure submitted Wednesday to the Philippine Stock Exchange, JFC officials reported that system-wide sales, a [...]

Terex, the world’s third largest construction equipment manufacturer, would further increase its investment in China though its business was affected by the financial crisis, China Daily reported Tuesday.
The newspaper offered no details on the investment.
Terex acquired the world’s largest port equipment manufacturer Fantuzzi-Noell and its plants in China in July this year.
The move clearly shows [...]

BMW AG will add 5 billion yuan (735 million U.S. dollars) of investment in China, which is the biggest foreign investment in the world’s largest auto market.
The Germany carmaker signed agreement with its Chinese partner, or Brilliance Automotive Co. on Thursday, agreeing to expand the construction of the second phase of the joint venture.
Source:Xinhua

Preliminary data released by China’s General Administration of Customs (GAC) on Wednesday showed that China’s coal export reached 2.05 million tons in October, declining by 20 percent year-on-year.
Coal export in the first ten months of 2009 totaled 18.9 million tons, dipping by 50.6 percent year-on-year. Insiders estimated that coal export in 2009 may decrease by [...]

China remains a favorable destination for foreign investment amid the global economic downturn, a well-known investment banker and a major sponsor of Shanghai World Expo pavilion believe.
During his recent visit to Shanghai, Duncan L. Niederauer, CEO of NYSE Euronext hardly mentioned the phrase “financial crisis” that had been most frequently repeated among economies around the [...]

China’s robust economic recovery has assured oil supplies and investment from Saudi Aramco, the world’s biggest oil producer, chief executive officer Khalid Al-Falih said Friday.
“There are signs of recovery in oil demand in developing and emerging economies led by the Chinese economy,” Al-Falih, also company president, told Xinhua in an interview in Beijing.
The global economic [...]