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BEIJING - China's cultural authorities have stepped up a crackdown on illegal online games involving gambling, lewd or violent content, said a press release issued by the Ministry of Culture Tuesday. A total of 12 vulgar online games had been banned so far, and about 100 businesses had been punished or closed for violating laws or regulations on Internet...
BEIJING - Chinese textile companies should step up product innovation and industry restructuring to become more competitive, Vice Premier Zhang Dejiang said Tuesday. Zhang made the remarks at the opening of the China International Trade Fair for Apparel Fabrics and Accessories in Beijing. He said Chinese textile firms must endeavor to improve product qu...
Sydney: Effective tomorrow, BHP Biliton and Vale, two of the world's largest miners, have jettisoned the 40-year-old annual pricing contracts for iron ore in favour of quarterly negotiations with Asia's steel mills. Rio Tinto, the other mining giant, is keen to follow the same route. By moving to quarterly contracts, the amount of iron ore traded on the s...
Sydney: Western Australia’s Gindalbie Metals has secured a 30-year export deal with China. The Perth-based company inked the A$71 billion contract with Angang Group International Trade Corporation (Ansteel), and is set to produce up to 30 million tonnes of iron ore each year from its Karara magnetite project. In a report by The Australian, Gindalbie...
INDIA's Minister for Commerce and Industry Anand Sharma, during a recent visit to Washington, said that Asia had played a key role in reversing the global downturn, as several nations in the region, India included, had managed to avoid slipping into the kinds of full-fledged recessions seen in western countries. Mr Sharma indicated that while Asian econo...
Consumers may be cool to launch, waiting for subsidy plan decision BEIJING: Chinese carmaker BYD Co kicked off retail sales of its electric-hybrid vehicle Monday, but is banking on the possibility a proposed government subsidy will spark sales of the vehicle in China. The Warren Buffett-backed company launched the new model, the F3DM, on Monday at its h...
BEIJING -- Gold consumption in China is likely to double over the next decade, boosting prices as burgeoning demand will outpace the growth in supplies, said a report released on Monday by the World Gold Council (WGC). Aram Shishmanian, CEO of World Gold Council, expects demand to stay bullish over the next five years. With gross domestic product ...
BEIJING - Asia's biggest oil refiner, China Petroleum and Chemical Corp (Sinopec), reported Monday that it has begun pumping gas through the Sichuan-Shanghai natural gas pipeline. The project, which broke ground in August 2007, was designed to carry 12 billion cubic meters of natural gas annually to Shanghai from Puguang, the country's second largest ga...
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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