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General Electric Co. (GE) and China's largest rail vehicle maker are to invest 50 million U.S. dollars in a U.S.-based joint venture to make high-speed rail (HSR) trains. GE would sign a cooperative framework agreement with CSR Corporation Limited (CSR) to establish a venture to advance high-speed and other rail technology in the United States, said a ...
Iran's representative at the Organization of the Petroleum Exporting Countries (OPEC) Mohammad Ali Khatibi said Tuesday that the era of cheap crude oil supply is already over and the global oil crisis is approaching, the semi- official Mehr news agency reported. Talking to Mehr, Khatibi said the era of producing and supplying the cheap crude oil is alr...
Power-station coal prices at Qinhuangdao port, a Chinese benchmark, fell for the first time in three months, Bloomberg reported on Dec 6. The price drop comes after stockpiles of the fuel surged and the government called for stability in the cost of commodities. Coal with an energy value of 5,500 kilocalories per kilogram slipped 0.6 percent from a ...
BEIJING - Chinese manufacturers and exporters have welcomed a World Trade Organization (WTO) ruling handing China a victory in a trade dispute with the European Union (EU) over Chinese-made steel fasteners, and they expect their EU exports to rebound. However, they said, they will no longer rely solely on the EU market and have developed global business...
The value of yuan weakened as the central parity rate of Renminbi, China's currency, was set at 6.6565 per U.S. dollar Monday, compared with Monday's 6.6515, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the inter-bank foreign exchange market within a daily limit of 0.5 percent...
A well-known economist said Monday that the biggest problem in China is not inflation, but shifting its economic structure to maintain sustainable growth. "The biggest challenge faced by China is economic restructuring in order to shift the economy to a more balanced way that will provide sustainable economic growth," Stephen Roach, former chairman of M...
A senior official of China's National Energy Administration (NEA) encouraged Chinese firms to invest in the renewable energy market of the United States to boost their competitiveness in the international market. The statement was made by Wang Jun, head of the department of new energy and renewable energy at the NEA, during the wind power section at th...
Iraq's Oil Minister Hussien al- Shahristani said Monday the semi-autonomous Kurdish region in northern Iraq will resume crude oil exports early next year. "The problems between Baghdad and the (Kurdish) region are supposed to be resolved and they will start to export crude oil in early next year," Shahristani told reporters at a news conference in Bagh...
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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