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South Korea's trade account stayed in the black for the seventh consecutive month in August on the back of strong exports, the nation's customs office said Wednesday. According to a report by the Korea Customs Service (KCS), the nation's trade surplus reached 1.72 billion U.S. dollars last month, down from July's 5.50 billion U.S. dollars surplus. ...
JAPAN and India are expected to sign a free trade agreement (FTA) and scrap tariffs on products and remove other barriers to trade within the next decade. The official Japan-India Economic Partnership agreement will be signed during Indian Prime Minister Manmohan Singh's visit to Tokyo next month. Japanese foreign minister Katsuya Okada said that u...
TIANJIN - Cheng Siwei, a renowned Chinese economist and a former senior legislator, said China is estimated to reduce the proportion of fossil fuel in total energy mix from the current 91 percent to 85 percent in 2020. Cheng, chairman of the International Finance Forum and former vice chairman of the Standing Committee of China's National People's Con...
BEIJING - China is willing to accelerate investment in special economic zones (SEZs) in Africa under a partnership with the World Bank, top officials and analysts said on Tuesday. "SEZs and infrastructure construction are among fields that can best reflect features of Chinese economic development since reform and opening began more than 30 years ago, an...
BEIJING - Felix Mutati, Zambia's trade minister, said he was hopeful of finalizing Chinese funding for a new $1.5 billion power station in the southern African country. The leading Zambian politician spoke following talks in Beijing with senior figures from Sinohydro Corporation. It was revealed last month that the Chinese State-owned company is se...
TIANJIN - The global economy does not face the risk of a double dip although it has entered a slow growth trajectory, Zhu Min, special adviser to the managing director of the International Monetary Fund (IMF), said on Tuesday. "At this stage, we don't see the particular risk we call a double dip that everyone is talking about," Zhu told China Daily in ...
Industrial production in the eurozone remained stable in July compared with the previous month, European Union (EU) statistics bureau Eurostat said Tuesday. In July, production of non-durable consumer goods and capital goods in the eurozone increased by 0.1 percent on a monthly basis. Production of durable consumer goods decreased by 0.6 percent. Interm...
A Chinese Company from China' s Guangxi Province is planning to invest in Cambodia's rice mill, a government official said Tuesday. Eang Sophaleth, spokesperson to Prime Minister Hun Sen told reporters that during a meeting with Hun Sen on Tuesday afternoon, Song Zhenxiong, president of Guangxi Guohong Development Company said that for the first step,...
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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