SHANGHAI'S trade value increased 38.8 per cent year on year to US$54 billion in March, up 11.5 per cent compared to the same month in 2008 before downturn, Logistics Week reported. Export value rose 20.4 per cent to $30 billion, up 0.7 per cent compared to March 2008. Imports surged 71.6 per cent to $24 billion, up 28.9 per cent over 2008. From January...
Hybrid and pure electric auto sales will account for over 15 percent of the Chinese auto market and 7 to 12 percent of the global auto market by 2020, the Securities Times reported Wednesday. Cheng Qingquan, chairman with the World Electric Vehicle Association, said development strategy, financial support and technology innovation are key to the industria...
The latest Global Automotive Barometer survey indicated a positive business climate in the automotive supplier industry and a continuing strong momentum of the Chinese auto market. According to the survey, the outlook for the global automotive supplier industry looks much more favorable than it did a few months ago. Among about 200 executives from globa...
BEIJING: Growing number of Chinese parents are willing to fork out to introduce music to their children. Zuo Jingming is no exception. Like others, she wants her four-year-old daughter to enjoy and cherish music through learning to play the piano, and has set aside 20,000 yuan ($2,930) to buy an entry-level piano. A girl plays the piano at a musical con...
BEIJING - Beverage behemoth Coca-Cola has set organic growth as its key expansion strategy in China, with three new factories planned for this year. "We have seen so many organic growth opportunities in China, and, right now, we are focusing on them," Coca-Cola's Chief Executive Officer Muhtar Kent said on Tuesday. The soft-drink maker will also set up...
BEIJING: Steel prices will continue to remain at high levels this year, with mild fluctuations, on the back of rising raw material costs and a shortage of iron ore, a top industry association official said on Wednesday. The big three global miners, BHP Billiton, Rio Tinto and Vale, are taking advantage of the global scenario of supplies falling short of d...
BEIJING: China's Minister of Culture Cai Wu has vowed to boost the nation's exports of cultural products to address the nation's deficit in cultural products trade. Figures from the ministry show average revenue from one foreign performance in China is ten times that of a Chinese performance aboard. "In recent years, our country's export of cultural...
BEIJING - The government announced on Wednesday that it would slap anti-subsidy duties of up to 31 percent on chicken products from the United States - the move coming hot on the heels of a series of such cases initiated against the US during the past two weeks. The Ministry of Commerce (MOC) ruled that broiler chicken products were subsidized by the US g...
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.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi