Developing nations will probably feel mounting trade protectionism in 2010 due to continuing high levels of unemployment and the weak economic recovery in developed regions, said analysts. But they suggested developed nations should be cautious and warned that trade protectionism would prolong the global economic crisis. Although most G20 member countri...
BEIJING - China's Ministry of Commerce reiterated Friday its firm stance of safeguarding the legitimate rights and interests of domestic shoe makers, calling for early resumption of leather shoes trade with the European Union (EU). Several rounds of negotiations, most recently on March 31, had failed to address China's concerns and China hoped the EU si...
GUANGDONG province's container product export rocketed 410 per cent to 28,000 boxes in January and February as demand for international transport grows, Xinhua reported. These containers valued a total of US$82.12 million, up 230 per cent. Price of each container averaged at $2,912, up 35.1 per cent. (Source: www.schednet.com )
China's Tencent, as well as Russian firms, ProfMedia and DST, have submitted their offers for AOL's instant-messaging service ICQ, which is reportedly valued at up to $300 million. Since its spin-off from Time Warner, AOL has been trying to remake itself and is currently selling its non-core assets, including ICQ. ICQ, whose name derived from the homo...
HEFEI - China will spend 15 billion yuan ($2.2 billion) in the first half of this year to beef up sewage treatment facilities as the nation works to clean up its environment, an official said Wednesday. Wang Shancheng, deputy director of the resource saving and environmental protection department at the National Development and Reform Commission, said las...
HANGZHOU - Over 1,700 kinds of uncertified auto parts have been found in two Toyota stores in Yiwu City, east China's Zhejiang Province, local authorities said Wednesday. The parts were found on March 18 in the warehouses of two dealerships belonging to FAW Toyota Motor Sales Co Ltd, a Sino-Japanese joint venture, according to the Zhejiang Provincial Adm...
BERLIN - German luxury car makers Audi and BMW said on Wednesday that both companies enjoy boom sales in China's mainland, Hong Kong and Taiwan during the first quarter of 2010. Audi said its first quarter sales in China's mainland and Hong Kong rose 77 percent compared with the same period in 2009. It totally sold 51,449 cars to China's mainland and H...
Beijing: Chinese automakers are set to benefit from a much-awaited government stimulus plan that encourages production of fuel-efficient vehicles, said industry sources. The green auto plan, currently awaiting government approval, is expected by industry players to be unveiled in the next couple of months. According to the plan, electric cars that quali...
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.
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