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Editor's note: As more and more technology companies move to Chongqing, the city is trying to build itself into a major IT hub in China. China Daily reporter Wang Ying talks with Mu Huaping, director of the Chongqing Economic and Information Technology Commission. Compared with other cities, what is Chongqing's advantage in developing the IT industry?...
CHICAGO - Leo Melamed, the founder of financial futures, has labeled the US Federal Reserves' second round of quantitative easing not only dangerous but unnecessary. The Federal Reserve announced Wednesday it would buy another $600 billion worth of US Treasury securities to revive the sputtering US economy. "The US Federal Reserve is taking a very ...
US President Barack Obama's Asia journey aims to open up the Asian market, especially the Chinese market, as a measure to decrease the unemployment rate in the US, the Economic Observer reported on Monday, citing foreign media reports. Obama arrived in Mumbai, India's second largest city, on Nov 6 at the start of his 10-day Asian tour including ...
WASHINGTON - China is set to become the third-strongest member of the International Monetary Fund (IMF) under a "historical" plan approved by the institution's board on Friday, a position allowing the country to take more "responsibility" in the global economy, the fund's chief said. The plan "may have an influence on the behavior of the Chinese autho...
WASHINGTON - China is set to become the third-strongest member of the International Monetary Fund (IMF) under a "historical" plan approved by the institution's board on Friday, a position allowing the country to take more "responsibility" in the global economy, the fund's chief said. The plan "may have an influence on the behavior of the Chinese autho...
PARIS - Chinese Commerce Minister Chen Deming said on Friday that China will maintain its exports of rare earths in 2011, denying reports that China would significantly reduce its export quotas. At a signing ceremony of cooperation agreements with France, Chen said China has shut down or suspended the operation of some rare earth mines, which failed to ...
HOHHOT - Chinese authorities are considering tightening pollution standards for rare earth mining, according to sources at a rare earth production base in the Inner Mongolia autonomous region. "We heard the new standards will be strict, which will force uncompetitive miners out of the industry," said Zhang Zhong, general manager of Inner Mongolia Baotou...
BEIJING - The central parity rate of renminbi, or China's currency yuan, weakened 82 basis points Monday to 6.6692 per US dollar, 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 each way of the central pari...
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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