A research by the Inter-American Development Bank said on Tuesday that India could become a potential buyer of agricultural and mineral products of Latin America and the Caribbean, given New Delhi's rising buying power. With a 1.1-billion population and facing a huge lack of raw materials, India is poised to become a big buyer of agricultural and miner...
Profits at Chinese industrial enterprises in 24 regions climbed 71.8 percent year on year to 1.61 trillion yuan (237.5 billion U.S. dollars) in the first six months, the National Bureau of Statistics (NBS) said Wednesday. The growth rate was 11.2 percentage points lower than that in the first five months, the NBS said in a statement. Combined revenu...
Suzuki Motor Corp. announced Tuesday its output of cars in Japan rose for the sixth successive month in June totaling 97,921 units, a rise on year of 36.5 percent. In the recording month Suzuki in addition produced 134,137 cars abroad, marking the 12th straight month of expansion and a rise of 20.9 percent from the same period a year earlier, the automa...
The new energy development plan for 2010-2020 drafted by the National Energy Administration (NEA) is finished and awaits approval from the State Council, the country's Cabinet, www.cs.com.cn reported Tuesday. Specialists said the plan aims to boost 5 trillion yuan ($738.09 billion) in investments, bringing huge opportunities to both the new energy in...
WASHINGTON - More than 20 business groups have recently urged the exclusion of a bill on China's currency policy from a package of manufacturing bills that lawmakers will start voting on this week. The Currency Reform for Fair Trade Act, also known as the Ryan-Murphy Bill, "will not bring manufacturing jobs back to the United States," the business grou...
TAIYUAN - The price of garlic continued to soar nationwide this month, rising nearly 25 percent over its previous peak price in May, while most other food products also increased in cost, Xinhua News Agency reported on Monday. As of Sunday, the average price of garlic reached 14.38 yuan ($2.12) per kg, according to statistics from Xinhua News Agency's ...
BEIJING - China ranks No 1 among 27 emerging economies due to its huge consumer market and rapid economic growth, according to the Emerging Markets Opportunity Index released by US accounting firm Grant Thornton. The index takes account of key factors such as the size of the economy, wealth, involvement in world trade, growth potential and levels of hum...
BEIJING - Falling steel prices will continue to cloud the profit outlook for domestic steel mills in July, but there are indications that the tide will change over the next few months, a top official from the China Iron & Steel Association (CISA) said on Tuesday. "China's 77 large and medium-sized steel companies reported combined profits of 6.25 b...
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