BEIJING - EBay Inc's PayPal business will set up an international e-commerce hub in Chongqing, as the company aims to boost exports from the nation by helping merchants conduct faster cross-border trade, Bloomberg News reported Thursday. PayPal agreed with Chongqing's municipal government to set up the center to offer forei...
BEIJING - First Solar Inc, a US-based renewable energy company, signed a memorandum of understanding (MOU) with China Guangdong Nuclear Solar Energy Development Co Ltd (CGN SEDC) on Wednesday to jointly develop the world's largest solar power plant. First Solar, the world's largest maker of thin-film solar PV modules, said it wil...
SHIJIAZHUANG -- Chinese private-run automaker Great Wall Motor Co on Thursday said it posted strong annual sales growth of 77 percent, as it manufactured 397,300 vehicles last year. Its growth pace far exceeded that of the entire industry, it said in a statement. Vehicle sales in the world's largest auto market...
BEIJING - A set of new industry standards aimed at reducing pollution and to regulate practices by rare earth mining companies is set to be revealed this year, after obtaining the appropriate approval from the Ministry of Environmental Protection (MEP), said an expert who helped draft the standards. The new standards, which are exp...
The real gross domestic product (GDP) of India was forecast to grow nearly 9 percent during the period of April 2010 to March 2011 year on year, with high inflationary pressure, the International Monetary Fund (IMF) said in a report on Wednesday. Masahiko Takeda, the IMF's mission chief for India, held that India's real GDP was p...
China earns only a thin profit but, at the same time, a big trade surplus from the processing trade, a Chinese commerce official said here Wednesday. Jiang Yaoping, China's Vice Commerce Minister, told a forum in Beijing that as a result of globalization, Chinese enterprises only make limited profits from assembling and processing...
The annual international Consumer Electronics Show (CES) officially kicked off in Las Vegas on Thursday, as companies from around the world unveiled many of their latest offerings along with outlining their visions for the coming year. The world's largest consumer technology trade show already got into full swing on Wednesday, the...
The Chinese government handed out 6.41 billion yuan (972.9 million U.S. dollars) in subsidies to new car buyers under the old-for-new trade-in auto program in 2010, the Ministry of Commerce said Wednesday. Sales of 459,000 vehicles were subsidized last year as part of the subsidy program, which spurred 49.6 billion yuan in sales of...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi