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The U.S.-proposed anti-subsidy investigation against Chinese imports on the grounds of exchange rate violates the rules of the World Trade Organization (WTO), Yao Jian, spokesman of China's Ministry of Commerce told Xinhua Thursday. The U.S. House of Representatives Wednesday passed the Currency Reform for Fair Trade bill, to allow the United States to...
China would continue to further the reform of the formation mechanism of its currency (RMB) yuan exchange rate, but a sharp rise in the value of the currency would damage the Chinese economy, a senior official of the People's Bank of China (PBOC), China's central bank, said here on Thursday. "Chinese Premier Wen Jiabao said recently that a steep appre...
BEIJING - Xinxing Ductile Iron Pipes Co Ltd, a subsidiary of State-owned Xinxing Pipes Group Co Ltd, plans to invest up to $1 billion in a Canadian iron ore project to diversify its mineral source after the recent formation of a joint venture with Advanced Explorations Inc, a listed resource development company. Xinxing Ductile Iron Pipes, one of the wo...
CHENGDU - Xushuang Solar Company, a subsidiary of Hebei Dongxu Investment Group Co, on Wednesday inked an agreement with its Tanzanian partner to invest 500 million yuan ($74.77 million) in a thin-film solar cell project in the African country. The project will have a production capacity of 20 megawatts (mW). On the same day, during the China (Cheng...
DALIAN, Liaoning - Vale, the world's largest iron ore producer, is still considering building a distribution center in China and waiting for regulatory approval as part of its plans in the country, a top company executive said on Wednesday. Vale could set up a distribution center in China but it has to obey the government rules, Jose Carlos Martins, Va...
The U.S. House of Representatives on Wednesday passed the proposed Currency Reform for Fair Trade Act, to allow the United States to seek trade sanctions against its trade partners for allegedly manipulating their currency, a new move of the nation's rising trade protectionism. The House of Representatives Ways and Means Committee passed the bill last ...
Trade volume between South Korea and the Democratic People's Republic of Korea (DPRK) in the first half of this year jumped 51.3 percent compared to the same period a year earlier, showed the data released by the Korea International Trade Association (KITA) Wednesday. The trade volume rose to 980 million U.S. dollars, as South Korea's exports to the D...
Trade between South Korea and Russia has recorded an over 50-fold jump since the two countries established diplomatic relations 20 years ago, a government report showed Wednesday. Trade between the two countries stood at 9.98 billion U.S. dollars last year, a 52-fold increase from 190 million dollars in 1992 when statistics began to be tallied, accordin...
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.
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