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CHINA Federation of Logistics and Purchasing (CFLP) recently released China's purchasing mangers index (PMI) in July was 51.2 per cent, down 0.9 per cent from June's figure. This is the third consecutive month that shows a downward trend. This indicates that the growth of China's economy is slowing down because its manufacturing sector has been affected ...
GUANGXI which is keen to build itself as a hub for Sino-ASEAN trade is now a distributing centre for the commodity trades between the two regions China and ASEAN. The cargo volume through Guangxi to ASEAN markets increased from 3.51 million tonnes in 2003 to 17.24 million tonnes in 2008, seeing a year-on-year increase of 37.5 per cent reported the Hong Kong...
BEIJING - Aluminum Corp of China (Chinalco), China's largest aluminum producer, is eyeing rare earth mines in Guangxi Zhuang autonomous region to bolster reserves, sources familiar with the matter said on Wednesday. Chinalco has initiated discussions with the Guangxi State-owned Assets Supervision and Administration Commission (SASAC) to develop rare e...
Nippon Light Metal Co will boost aluminum product output in China as demand from the world's largest consumer may grow 16 percent annually in the next five years, the company president said. The fifth-largest Japanese maker of rolled-aluminum products plans to add at least two production facilities in China within three years on demand growth, Takashi ...
BEIJING - China's annual production and sales of new autos will both surpass 15 million vehicles this year, Dong Yang, secretary-general of the China Association of Automobile Manufactures, said Wednesday. Auto sales in China continued to rise in July, though at a slower pace than in previous months. The growth rate slowed from 124 percent in Jan...
Western China's Gansu province recorded $3.55 billion in foreign trade in the first half of this year, a growth of 130 percent on the same period last year, according to the provincial customs house. The growth rate, which was 83 percentage points higher than the national average, placed Gansu first across China. The total trade volume included $54...
Bilateral trade between Singapore and Malaysia reached 52 billion Singapore dollars (about 39 billion U.S. dollars) in the first six months of 2010, up nearly 36 percent over the same period of last year, a Singapore minister said on Thursday. Speaking at a seminar here, Singapore's Minister for Trade and Industry Lim Hng Kiang said business linkages b...
The country is committed to joining the government procurement agreement (GPA) of the World Trade Organization (WTO) "as soon as possible", but still hopes GPA member nations including the US are not "too demanding" on its revised GPA offer, said Sun Zhenyu, China's ambassador to the global trade arbitrator. The GPA is a set of standards that grant for...
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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