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BEIJING - Overseas media have been paying great attention to Chinese Premier Wen Jiabao's government work report on sustaining a healthy and rapid economic development in 2010. Japan's Asahi Shimbun newspaper said in an editorial that people can see from Wen's report that China is aiming to promote a sustainable economic development and protect social ...
China is considering offering a subsidy of as much as 60,000 yuan ($8,797) to consumers who buy a new energy vehicle, Li Yizhong, minister of Industry And Information Technology, said yesterday. Giving a reason for the subsidy, Li said green vehicles are expensive because of the huge investment as the technology is still being developed. "The subsidy wo...
China's gold reserve amounts to 1,054 tons, ranking fifth in the world, said Yi Gang, central bank vice governor on Tuesday. China is the largest gold producer in the world, with more than 300 tons of gold produced annually. China is also the second largest gold consumer in the world, with a consumption of over 400 tons of gold a year, second only to Ind...
China has started "preliminary work" on the second phase of its emergency oil reserves in Guangdong to help bolster energy security and meet demand, the head of the province's economic planning agency said. Construction of storage bases in the cities of Zhanjiang and Huizhou in Guangdong will begin "as soon as possible," Li Miaojuan, director of Guangdon...
BEIJING - Toyota has dropped from the top 10 list of the best selling cars in China this month, for the first time in years. According to statistics released by China Passenger Car Association, in February, FAW Toyota - the Japanese automaker's joint venture in China - disappeared from the Top 10 sales list for the first time. Although Toyota China sai...
BEIJING - Bank of China (BOC), the third largest lender in the country, said Monday it would offer less new loans this year as the bank strives to rein in its credit growth at a reasonable rate. But the bank would still maintain its relatively high lending growth rate in order to meet client demand and allow for economic growth, said BOC President Li Lihu...
BEIJING - China Merchants Energy Shipping Co, a major Chinese international oil tanker operator, said Saturday its annual net profit in 2009 slumped 72.2 percent from a year earlier. The shipping operator raked in 343 million yuan ($50.2 million) last year, bringing earnings per share down 72.2 percent to 0.1 yuan, according to the company's short statem...
Retailer embarks on strategic expansion on the back of high sales It's 1 am one day during this year's Spring Festival and hundreds of consumers are on a shopping spree, waiting in long queues, trolleys piled high with goods, at Carrefour's Tiantongyuan outlet in the Changping district of northern Beijing. The night time craze was symbolic of the ret...
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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