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Trade between the Chinese mainland and Macao in the first half of the year rose 9.3 percent year on year to reach 1.07 billion U.S. dollars, China's Ministry of Commerce (MOC) said Monday. Mainland exports to Macao jumped 31.6 percent to 1.02 billion U.S. dollars while imports from Macao dropped 75.8 percent year on year to 50 million U.S. dollars, a s...
SHANGHAI's foreign trade value increased 39.5 per cent year on year to US$315.58 billion in the first half of 2010, reported Xinhua. The increase, a record high, represents a 6.5 per cent jump on the same period of 2008, the time before global financial crisis, said Xinhau. In the first six months, Shanghai export value came to US$192.05 billion, i...
Former U.S. Federal Reserve Chairman Alan Greenspan said on Sunday that economic recession might come back if the housing market deteriorates. U.S. economic recovery has lost momentum as indicated by a host of key economic indicators, including the worse-than-expected GDP figure released Friday. This upgraded the already-heated debate on whether the U.S...
Beijing - China plans to introduce ambitious new targets for the reduction of major pollutants in the upcoming 12th Five-Year Plan (2011-15) as the nation strives to realize its green goals, a senior official said. Two new pollution indicators, nitrogen oxide - which is mainly discharged from power plants and vehicles - and ammonia nitrogen - a major me...
The privately held parent of China's Geely Automobile Holdings Ltd will announce on Monday that it has closed its $1.8 billion purchase of Ford Motor Co's Volvo unit, a source with direct knowledge of the matter said, capping China's biggest purchase ever of a foreign carmaker. Geely said last week that it had received all necessary government ...
China will help Venezuela build three 300 megawatt (mW) electricity generating plants in return for oil deliveries under a long-term $20 billion financing deal, the Latin American OPEC nation said on Thursday. Three months ago, Beijing said the China Development Bank had signed a "framework financing agreement" worth about $20 billion with Caracas, half...
TIANJIN - Airbus will increase its monthly manufacturing capacity of the A320 family of commercial aircraft from 34 to 40 by early 2012 amid increasing demand, the aircraft manufacturer said Friday. "Increased demand for the aircraft and a healthy backlog has led us to decide to further ramp up our production rate to 40 aircraft per month by 2012," Tom ...
BEIJING – China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty. Depending on how fast its exchange rate rises, China is on course to overtake the United States and vault into the No.1 spot sometime around 2025, according to ...
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