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BEIJING - Chinese computer maker Lenovo Group said on Monday it aims to become the biggest producer of mobile devices in China as the company tries to expand its presence outside its traditional PC turf. Yang Yuanqing, chief executive of China's biggest PC maker, said Lenovo plans to gain a market share in China's mobile market that "equivalent" to its ...
BEIJING - A Chinese Academy of Social Sciences (CASS) economist on Monday warned against drastic increase in short-term speculative capital inflows, especially in the coming months while the country's foreign exchange regulator vowed to strengthen controls of cross-border capital movement. "Calculations show that in March, such capital inflows expanded d...
SINGAPORE's non-oil domestic exports (NODX) rose 27 per cent year on year in March following the 23 per cent rise in the previous month, led by in electronic goods. Such exports rose 43 per cent to Hong Kong, 25 per cent to the EU-27, and 55 per cent to Indonesia. NODX increased 6.3 per cent in March, reversing the 5.4 per cent contraction in February, s...
BEIJING - How much should two chicken pancakes cost? For Zhao Rui, a 28-year-old company executive in Beijing, they cost him 400,000 yuan when he missed the chance to buy a home at a lower price during his lunchtime. In early March, Zhao settled on a two-bedroom apartment in Beijing's Tongzhou district outside the city's eastern Fifth Ring Road. Except ...
Chinese equities close lower Friday as the government extends further efforts to cool the overheating property market, which dragged down financial and real estate heavyweights. China's long-awaited stock index futures also debuted Friday, which aims to provide more options for investors and tame market fluctuati...
BEIJING - Whether to make China's renminbi (RMB) currency appreciate or not should only be decided by the Chinese themselves, a renowned Chinese economist said in a discussion held in Peking University. "I am not partial to Chinese, but the problems relating to China should only depend on Chinese," said Steven Cheung, who specializes in the fields of tra...
SHANGHAI - Shanghai's Pudong New district has set a double-digit growth target for gross domestic product in the coming years through 2015. Pudong, the growth engine of China's financial and economic hub, aimed to expand GDP to 500 billion yuan ($73.2 billion) in 2011 from 400 billion yuan in 2009, the district government said Sunday. The district set...
All four contracts advance on first day despite a decline in the main index SHANGHAI - China's first-ever stock-index futures rose on their debut on Friday against the fall of the main stock index, indicating investors' warm welcome for the new trading tool. All the four contracts based on the CSI 300 Index, which tracks 300 large caps traded on the S...
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
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