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Vietnamese enterprises have been boosting imports of equipment from European markets to take advantage of the weakening euro triggered by the current debt crisis in the EU, according to John Pearson, managing director of DHL Express for the Asia-Pacific region, Vietnam News Brief reported. The increasing imports from the European markets have helped to ...
Beijing: While the Baltic Dry Index hovers at sluggish levels this past month, owners would have been alarmed at steel news today which came out today. China's Baosteel Group aims for a steelmaking capacity of 50 mt/year in 2012, and 66 mt/year in 2015, according to a release by Baosteel Monday. This compares poorly with a December 2008 announcement that t...
SHANGHAI: China should maintain a stable and sustainable monetary and fiscal policy, and also leave room for necessary policy restructuring, deputy governor of the nation's central bank said on Saturday. "We should keep the policy flexible and leave room for adjustment," said Yi Gang, deputy governor of the People's Bank of China, or the central bank....
ANSHAN, Liaoning - The merger between Anshan Iron & Steel Group and Benxi Iron & Steel Group will make substantive progress by the year's end, Anshan Steel Chairman Zhang Xiaogang said on Friday. Anshan Steel announced in 2005 that it agreed to acquire Benxi Steel to form Anben Iron & Steel Group, however, the two firms have yet to transfer...
MACAO, June 24 (Xinhua) -- Some 80.7 percent of the interviewed Macao manufacturers were affected by the surging prices of materials in the first quarter of 2010, according to the results of latest official survey released on Thursday by the Economic Services Bureau of Macao. Aside from the price of materials, 58.4 percent of the interviewed manufacture...
HONG KONG - A visible trade deficit of HK$25.1 billion was recorded in May, with the values of total exports and imports of goods both showing significant year-on-year increases at 24.4 percent and 29.7 percent, Hong Kong's Census and Statistics Department said Thursday. Vibrant regional trade in Asia and the prevailing global recovery should continue ...
East China's Jiangsu province bought 192,000 tons of cotton from abroad in the first five months of this year, up 280 percent from the same period last year, according to the provincial customs. The imports were valued at $330 million, up 420 percent, with the average price up 39.1 percent to $1,700 per ton. Of the total imports, 50.2 percent...
BEIJING - Profits of China's industrial enterprises jumped 81.6 percent year-on-year for the first five months this year, China's National Bureau of Statistics (NBS) said Friday. Profits of the industrial firms totaled 1.54 trillion yuan ($226.82 billion) from January to May, and revenues increased 38.2 percent to 25.35 trillion yuan, the NBS sa...
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