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BEIJING: The government has decided to merge two State-owned telecom equipment makers - China Datang Corp and Potevio - by the end of this year, sources from Datang said on Wednesday. The merged entity is expected to become the third-biggest telecom equipment maker in China after Huawei Technologies and ZTE Corp, the source said. "The governme...
THE Grand Alliance (Hapag-Lloyd/NYK/OOCL) and New World Alliance (APL/MOL/HMM) have agreed to scrap their joint arrangement on the China-North Europe trade at the end of July. The existing Loop D/CEX will be divided into two individual loops, a move that will add 6,400 TEU weekly to the trade. A report by Alphaliner said the joint D/CEX Loop was lau...
LEIPZIG, Germany - DHL Express, the express arm of Deutsche Post DHL, will continue to expand in China, but in a careful and cautious way, according to Charlie Dobbie, executive vice-president for network operations. Dobbie told China Daily that DHL Express will continue to build on its partnership with State-owned logistics company Sinotrans Group and ...
The Ministry of Industry and Information Technology (MIIT) released new regulations Monday at the National Steel Industry Forum held in Dalian city of Northeast China's Liaoning province, setting new requirements for China's steel mills as a step to curb overcapacity of the industry, the New Business Daily reported Tuesday. The regulations set limitat...
Chery Auto, China's leading private automaker based in Wuhu of the eastern province of Anhui, sold 308,933 motor vehicles in the first half of this year, a growth of 46.25 percent on the same period of last year. The company exported 38,107 motor vehicles in the six months, up 154.3 percent. (Source:xinhua)
BRUSSELS - The European Union threatened to renew a tariff on bicycles from China for another five years while scrapping similar levies against Vietnam. The EU said it would reconsider letting lapse the 48.5 percent duty on Chinese bicycles while allowing levies of as much as 34.5 percent on Vietnamese bikes to expire. The bloc imposed the import ta...
BEIJING - A leading Chinese trade think-tank called on the government to ensure there are no major changes to currency and export-related policies, citing the "unhopeful" prospects for Chinese exports in the coming months despite the better-than-expected performance in June. Long Guoqiang, a senior research fellow from the Development Research Center of...
Baoshan Iron & Steel Co, the biggest publicly traded Chinese steelmaker, cut prices for a second month amid weakening demand from makers of automobiles and appliances. Prices of low-carbon hot-rolled and some cold-rolled products were slashed by 300 yuan ($44) a metric ton, the Shanghai-based mill said on its trading website Bsteel.com. The steelmak...
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