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The central parity rate of the yuan, China's currency Renminbi (RMB), jumped 113 basis points, or 0.17 percent, Tuesday to a new record high at 6.6997 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System. Tuesday's yuan central parity against U.S. dollar beat the previous record of 6.7110 per U.S. dollar on Mond...
ELECTION fever in the United States appears to be escalating trade hostilities in the Democrat-led US Congress against supposed Chinese currency manipulation ahead of the November 2 mid-term which risks unseating the incumbents and putting the opposition Republican party in office. The US has filed two cases against China at the World Trade Organisation...
TAIYUAN - For China, coal has been both an economic driver and a source of pollution. However, the world's fastest growing economy will continue to rely upon coal in upcoming decades to fuel its economic growth; the difference is that it is also striving to do so in a greener fashion to keep its promise on emission cuts. China's economy has leaped...
QINHUANGDAO, Hebei - It was a blissful weekend for a young woman fed up with the hustle and bustle of the big city and it was spent wandering through a vineyard, sampling goblets of fine red wine and indulging in what is being promoted as a wine spa. But Yang Xiaofei, 24, was not in Napa Valley, California, or any other well-known Western winery: She wa...
GENEVA - Hublot, the Swiss watch brand that timed the World Cup, plans to more than double store numbers in Asia, driven by Chief Executive Officer Jean-Claude Biver's conviction that China offers at least 30 years of growth. The watchmaker plans to have 15 stores in the region by next year, mostly in China, where its first outlet opened in Shanghai in...
BEIJING - The Chinese government's investment in research and development of green technologies has exceeded 10 billion yuan ($1.47 billion) for the 2006-2010 period. Zhang Laiwu, vice minister of science and technology, made the remark Thursday at a press conference in Beijing, also saying that China had developed key technologies that could cut green...
TAIYUAN - China is expected to develop its coal conversion industry into the world's largest by 2020, as the world's largest coal producer and consumer is seeking clean uses of its huge coal resources, industry insiders forecast. "China's capacity of coal liquefaction projects would hit the equivalent of 20 million tons of oil, that of coal-to-gas wo...
BEIJING - In addition to investing in stocks, real estate and antiques, Chinese billionaires are discovering a new source of big returns - the wine market. The yield rate from some famous French vintages during the first half of this year has exceeded 30 percent, far above any alternative. The price of historic and exclusive Chateau Lafite Rothschild, f...
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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