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China's Ministry of Commerce (MOC) vowed to step up regulation of sugar markets on Sunday after reserves helped stabilize prices which recently rose to a record high amid continuing harsh weather. Between Oct. 10-17, the retail price of small-packed sugar averaged 7.68 yuan per kilogram in major cities, up 1.3 percent from the end of September, accordi...
SINGAPORE has announced that its non-oil domestic exports fell 4.5 per cent in September, compared to the previous month's gain of 9.8 per cent. But compared to the previous year, the city state's non-oil domestic exports grew 23 per cent in September 2010, following a 31 per cent rise the previous month, on the back of strong electronic and non-elect...
VIENNA - China Heaven Creation International Performing Arts Co Ltd, Vienna Holding and The Vienna City Hall signed off on a new cultural joint venture in Vienna Wednesday. The company will focus primarily on joint development, planning and implementation of various cultural activities, particularly drama, music, acrobatics, stage performances and other...
CAIRO - Egypt and China's Guangdong province on Wednesday signed 22 contracts on trade and economic cooperation with a total value of $400 million in Cairo. With the contracts, China and Egypt are expected to cooperate in tourism, agricultural and power projects, and the establishment of factories of cars, spare parts, home appliances and electronics i...
BEIJING - China's customs revenues for 2010 hit 1 trillion yuan ($150.4 billion) as of Oct 14, a surge of 46.1 percent from one year earlier, the General Administration of Customs (GAC) announced late Thursday. Since the beginning of the year, the country's customs authorities have collected tariffs worth 163 billion yuan, and import taxes of 837.6 bi...
HONG KONG - General Motors Corp said on Thursday it will export a low-end car it developed for China to Latin America, becoming the first international brand to use its China operations to tap growth in emerging markets. Shanghai GM, a venture between GM and China's SAIC Motor Corp, started to export Chevrolet New Sail autos on Thursday to Chile, the c...
BERLIN - China's economic growth rate will slow down to less than 10 percent in the next five years, but will remain the engine for world economic growth, a senior German economist said Wednesday. "In the next five years, China's economic growth rate is not likely to reach 10 percent or exceed that figure," Norbert Walter, former chief economist of th...
BEIJING - China's industrial value-added output growth slowed to 13.3 percent year on year in September from 13.9 percent in August, the National Bureau of Statistics (NBS) announced Thursday. The growth rate for the first nine months was 16.3 percent year on year, down 0.3 percentage points from the January-July period, said NBS spokesman Sheng Laiyun...
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