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BEIJING: Middle class families in the most prosperous regions in China are finding the least happiness in life because of the high stress of daily life, a survey has found. Despite good health, better education and higher incomes, the middle class is discovering that economic pressures and little time to spend with family members are major sources of anno...
CHICAGO - A stronger yuan would not be a tonic for the US economy or manufacturing and it would be a huge mistake to raise tariffs on imports from China to force a change in the yuan, says a US trade expert on Tuesday. Daniel Griswold is director of the Center for Trade Policy Studies at the Cato Institute, a non-profit public policy research foundation h...
China's property prices won't plunge this year, two of Hong Kong's biggest developers with operations on the mainland said yesterday, as the World Bank joined economists and hedge fund managers warning of a bubble. "China's home prices won't drop too much, as the government can't allow prices to plunge because the real estate market is an important ...
China's Ministry of Finance may conduct yuan stress tests starting at the end of this month, the 21st Century Business Herald reported today, without citing anyone. The ministry may send teams to Shanghai and the provinces of Zhejiang, Jiangsu and Guangdong to conduct stress tests based on the yuan’s exchange rate, the Guangzhou, southern China-bas...
Shanghai's financial district may begin trials for allowing foreign investment in yuan-denominated private equity funds, the Oriental Morning Post reported today, citing an unidentified person familiar with the situation. Foreign capital may be allowed to invest in the funds through a qualified foreign limited partnership scheme, the Shanghai-based newsp...
Guangzhou: Chinese steel giant Baosteel has announced that its first very large ore carrier, Renda, has been launched from new yard CSSC Guangzhou Longxue Shipbuilding without a hitch. The 230,000 dwt belongs to Haibao Shipping, a jv between Baosteel Resources and China Shipping Development Co. In November 2008, Baosteel and China Shipping Group signed an...
BEIJING - The Chinese market has more potential for US exports, especially high-tech products, as only 6.7 percent of overall US exports went to China, said Ministry of Commerce (MOC) spokesman Yao Jian Tuesday. The two countries were each other's second biggest trade partners, and China was willing to strengthen economic and trade cooperation with the U...
BEIJING - China Cosco Group, the world's second largest shipping company, announced on Tuesday plans to raise as much as 3.9 billion yuan, one day after its real estate subsidiary stunned the public by buying land at a record high price in Beijing. Cosco hopes to sell 390 million new shares of its Shanghai-listed unit Cosco Shipping Co to shareholders by...
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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