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BEIJING - The shifting market dynamics of the food industry in China offer immense opportunities for American companies to boost exports of agricultural products, a top US official said on Tuesday. Eric Trachtenberg, director of the agricultural trade office at the US embassy in Beijing, told China Daily that there have been significant changes in the c...
LONDON - The smallest profits in the commodity shipping market in 18 months may be ending as a rebound in steel and iron-ore prices signal improving Chinese demand that will ease the transport glut. Chinese steel prices rose 4.7 percent last week, the most in 11 months. Derivatives for fourth-quarter iron-ore prices jumped 23 percent between July 9 and ...
NEW YORK - Ford CEO Alan Mulally said here on Monday that serving Chinese customers is one of their highest priority, promising to bring all of Ford vehicles to China. "We have great operation in China, we are expending our operations in China, and bringing all of Ford vehicles to China as quickly as we can," Mulally told Xinhua in an exclusive in...
BEIJING - China's corn imports will skyrocket from 1.7 million tons this year, to 5.8 million tons next year and as much as 15 million tons in 2014-2015, the US Grains Council said in a recent report quoting Hanver Li, chairman of Shanghai JC Intelligence Co Ltd. Industry experts said the nation may soon turn into a net importer as demand is far outstr...
BEIJING - Iran and China are in talks to use the Chinese yuan to settle transactions of oil and projects. The idea was raised internally several months ago by State refiner Sinopec, one of the world's largest Iranian oil buyers, and Iran recently made more formal proposals to China, industry sources with direct knowledge of the situation told Reuters. ...
Rare earth will be included as one of the industries promoting mergers and acquisitions (M&As) in the second half of this year, said Li Yizhong, head of the Ministry of Industry and Information Technology (MIIT), on Thursday, the Beijing Business News reported. He said M&As of enterprises will also be promoted in energy-intensive sectors such as...
State-owned Aviation Industry Corporation of China (AVIC) will invest 10 billion yuan ($1.48 billion) to build an aviation science and technology industrial park in Changchun, capital of Jilin province, caijing.com.cn reported Monday. AVIC and the provincial government of Jilin in northeast China signed a strategic cooperation framework agreement Sunday...
The Association of Southeast Asian Nations (ASEAN) has now become China's fourth-largest trade partner since the official launch of the China-ASEAN Free Trade Area on January 1, china.com.cn reported Monday, citing Vice-Minister of Commerce Gao Hucheng. Bilateral trade between China and ASEAN's 10 member states in the first half of this year rose 55 p...
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.
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