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The Australian Branch of the Bank of China (BOC) has made every effort to provide service to the Chinese enterprises which invest in Australia, said a senior BOC banker on Monday. Shiqiang Wu, BOC's General Manager and Country Head in Australia, told Xinhua that the Australian Branch's profit so far this year has reached nearly 50 million U.S. dollars...
Indonesia's state oil and gas firm PT Pertamina said that the government's plan to cut oil subsidies next year would force the firm to import massive quantities of high-octane fuel in the year to meet rising demand, local media reported Monday. Starting from January first, subsidized Premium fuel would be off limits to private car owners in Jakarta an...
China's consumer price index (CPI), a major gauge of inflation, rose to a 28-month high of 5.1 percent in November, the National Bureau of Statistics (NBS) said Saturday. The growth rate picked up from 4.4 percent in October, according to the NBS. An 11.7 percent surge in food prices drove the CPI higher. Food prices have a one-third weighting in the c...
China will enhance and improve macro-economic regulation to ensure stable and healthy economic development next year, said a statement released Sunday after the annual Central Economic Work Conference. Next year's macro-regulation should basically be proactive, stable, prudent and flexible, the statement said. The focus will be better handling the ...
An exceptional growth rate, a large trade surplus and low-cost goods have made China the major target of rising trade protectionism in recent years. Nowadays, a new trend has emerged: in addition to low-end products, China's high-tech exports are encountering increasing trade friction. "Major economies have all shifted their focus to emerging industrie...
The value of exports from Latin America to the rest of the world grew 29 percent in 2010, reaching 853 billion U.S. dollars, and reversing a 23-percent fall in 2009, the Inter-American Development Bank (IDB) said on Friday. Intra-regional trade, as part of Latin America's total trade to the rest of the world, reached 17.5 percent this year, slightly le...
Spurred by demand from developing countries like China, India, Indonesia and Malaysia, exports at Los Angeles and Long Beach ports are on track to approach the records set before the global recession, newly released figures showed. Through October, the L.A. and Long Beach ports have moved 2.8 million export-carrying cargo containers, up 20 percent from ...
China's foreign trade is expected to grow to 4 trillion U.S. dollars in 2015, from 2.21 trillion U.S. dollars in 2009, says the head of the China Chamber of International Commerce (CCOIC). "However, the large trade volume doesn't mean its quality is high. China must accelerate the pace of transforming itself from a big manufacturer to a strong one," s...
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
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