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China Petroleum and Chemical Corporation (Sinopec), China's largest oil refiner, said Friday it has suspended diesel exports to relieve shortages in the domestic market. Sinopec also said it is seeking to import 200,000 tonnes of diesel. PetroChina Co., China's largest oil producer, plans to import 200,000 tonnes of diesel. Some 35,000 tonnes of i...
NANJING customs statistics show that value of toys exported from eastern China's Jiangsu province totalled US$200 billion from January to October, up 27.8 per cent year on year. Since hitting a bottom of $8.3 million in March, Jiangsu's export toy value had been rising, reaching a $29.6 million peak in September. In October, value fell 4.3 per cent ov...
China, a country hungry for iron ore, is ramping up its mineral exploitation efforts and upgrading its steel-making industry's structure as it deals with its iron-ore supply dilemma. China produces more than a third of the world's steel and imports 68 percent of the world's steel shipments. But its heavy reliance on iron-ore imports have forced domes...
China will more aggressively work to crack down on and prevent insider trading, with officials saying such enforcement work is relatively pressing at present, the General Office of China's State Council, or the Cabinet, announced in a circular, citing the country's securities regulator. With the introduction of stock index futures, insider trading is ...
A chronic timber shortage has hit Kenya forcing the country to turn to expensive imports from neighboring countries. Latest statistics indicate that the country spends more than 37. 5 million U.S. dollars annually on timber imports compared with 62, 000 dollars in 1999, to meet rising demand that now stands at 38 million cubic meters annually. For t...
Local and foreign firms here say China and Singapore are their two top markets for the next 12 months, local media reported on Thursday. Singapore narrowed the gap with China to just one percentage point this year as financial and business services preferred Singapore over China, local daily The Business Times reported on Thursday. Of the 166 firms ...
FINA has established a four-year partnership agreement with Midea, a leading company in China, one of the fastest growing markets in the world, president of FINA announced here on Thursday during the Asian Games. Julio Cesar Maglione, president of the International Aquatics Federation, FINA, said they are proud of having Midea as FINA's first ever Chin...
South Korea will ban all unauthorized financial transactions with Iran starting next year as part of sanctions against the country for its controversial nuclear program, local media reported Thursday. The finance ministry said individual financial transfers involving 40,000 euros or more must get a prior permission from the Bank of Korea. Financial deal...
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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