ABU DHABI - China and India replaced long-standing Western suppliers of goods to the United Arab Emirates (UAE) to become the dominant exporters to the Gulf nation, accounting for nearly a quarter of its total imports last year, the Emirates Business 24/7 website reported Wednesday. India exported a record high 61.5 billion dirhams ($16.7 billion) worth...
BEIJING - China's iron ore imports from India in June stood at 8.29 million tons, down 21 percent month-on-month as a result of lukewarm demand and supply disruptions brought about by the Indian monsoon season, customs data showed on Wednesday. Indian ports traditionally ban the loading of iron ore fines during the June-September monsoon season, saying...
CHANGCHUN - Chinese automakers have begun to ramp up efforts to develop hybrid autos, a move which industry experts said is crucial for China to transform from being a "big nation" to a "powerful nation" within the auto industry. In the ongoing seventh China Automobile Fair in northeast China's Jilin province, China FAW Group Co...
The Civil Aviation Administration of China (CAAC) said recently it will further subsidize special long-haul international flights and expand the variety and scope of tax reductions and exemptions on international routes to encourage domestic airline companies to fly overseas, China Securities Journal reported Tuesday. Industry insiders said domestic air...
BEIJING - A Chinese energy official on Tuesday rejected a report by the International Energy Agency (IEA) saying China surpassed the United States to become the world's biggest energy consumer last year. "IEA's data on China's energy use is unreliable," Zhou Xian, an official with the National Energy Administration (NEA), said at a press conference. ...
China sounded a gloomy note on Tuesday about its export prospects, warning in particular that belt-tightening by deeply indebted European Union governments would dampen demand for the country's goods. Calling the trade picture "still complicated and grim," the Ministry of Commerce said high growth in exports in the first half would give way to slow gro...
BEIJING- China's industrial value-added output may exceed the 11-percent growth target set for the whole year in 2010, although the pace of increase may slow in the second half, the Ministry of Industry and Information Technology (MIIT) said Tuesday. The country's industrial value-added output growth has dropped in month-on-month terms since the start...
BEIJING - China's coal consumption is likely to drop to 63 percent of total energy consumption by 2015, down from 70 percent last year, said an official with the National Energy Administration (NEA) Tuesday. Non-fossil fuels will provide 11 percent of China's energy needs in 2015 and 15 percent in 2020, said Jiang Bing, head of the development a...
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