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China's foreign trade volume will hit $2.8 trillion, and the trade surplus will drop to $180 billion at the end of this year, Zhong Shan, vice-minister of the Ministry of Commerce, said at an economic summit held on Sunday, Securities Daily reported. Zhong said that it will be the second consecutive year that China's trade surplus will see a drop afte...
SHANGHAI - Cities are facing an unprecedented diesel shortage as power outages are forcing enterprises to use diesel to generate electricity. Some local governments are switching off electricity supplies to reduce emissions and meet the government's conservation targets. The blackouts are one of the factors unwittingly causing the diesel shortage. ...
SHANGHAI - China will boost the number of mutual funds that can invest overseas next year, spurring inflows into other emerging markets and slowing the yuan's appreciation, according to fund research companies Z-Ben Advisors and Howbuy. The number of funds investing in global stocks and bonds under the qualified domestic institutional investor (QDII) pro...
PARIS - China and France on Thursday signed a dozen cooperation agreements on aircraft, nuclear power equipment and uranium purchases. The agreements covered a wide range of areas, including nuclear energy, aviation, finance, energy efficiency, environmental protection, climate change and culture. According to the agreement package signed with Airbus, C...
SHANGHAI - China is witnessing a record number of mutual fund launches this week as the industry has taken advantage of October's stock market rally to whet investor appetite after a lackluster performance during most of the year. A total of 26 fund products are being launched or are in the fundraising process, the most in a week, which also reflects reg...
BEIJING - China's stocks rose to a seven-month high Friday following a Wall Street rally. The benchmark Shanghai Composite Index climbed 1.38 percent, or 42.56points, to close at 3,129.5. The Shenzhen Component Index gained 1.01 percent, or 137.63 points, to finish at 13,733.36. Combined turnover rose to 459.17 billion yuan ($66.5 billion) from 388.9...
Singapore Exchange Ltd, the Asia-Pacific region's integrated securities and derivatives exchange, announced 11 Chinese companies had listed in Singapore by the end of October, about 33 percent of the total newly-listed companies on the exchange this year. The companies are mainly in the real estate and manufacturing industries. Among them, Global Logisti...
More than half of Chinese netizens are willing to turn their backs on China's dominant instant messenger, QQ, after its owner Tencent Holdings Ltd pushed people to choose either QQ or a popular anti-virus program by Qihoo 360. When asked "which program will you desert between QQ and 360 if you have to", more than 57 percent of 1.5 million participants vo...
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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