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China will allocate 10.6 billion yuan ($1.55 billion) to beef up development of small and medium-sized enterprises (SME) this year, says a government work report delivered by Premier Wen Jiabao at the parliament's annual session Friday. The government will implement a preferential income tax policy for small enterprises with low profits. Those enterprise...
The busy season has begun for the legions of gift card scalpers who make a living from buying unwanted cards and reselling them. The scalpers say the market is overflowing with previously-owned cards that were given to employees as presents and exchanged between friends and family members during Spring Festival. Some scalpers say the bloated market has ...
WASHINGTON: The US Commerce Department said Thursday that it would slap preliminary anti-dumping duties on imported magnesia carbon brick from China, the latest move that adds tension to the trade relations between the two countries. In this case, the product, a certain fire-resistant construction material, will face duties of up to 349 percent. The dep...
The central Province of Hubei saw its trade value surge 47.6 per cent in January to $1.8 billion, 3.2 percentage points higher than the national growth, Logistics Week reported. Export value rose 42.6 per cent to $1.1 billion, 21.6 percentage points faster than the national rate. Import value soared 55.9 per cent to $720 million, 29.6 percentage points sl...
THE United States Department of Commerce has introduced preliminary duties on glossy magazine quality paper and certain salts used to make fertiliser, reports Reuters. Asia Pulp & Paper (APP), a leading exporter of coated paper from both China and Indonesia, was disappointed. "This has even less basis than the last one. The US industry is making more ...
LOGISTICS giant Deutsche Post DHL has announced plans to invest HK$360 million (US$46.4 million) to expand its operations in Hong Kong into a single, multi-user facility for DHL Supply Chain to cater to growing demand. Slated for completion in January 2012, DHL Supply Chain will at this stage occupy at least 25 per cent of the Interlink facility located i...
UNITED NATIONS: To itself or to the world at large, China has made a decision to adjust its economic structure and transform its development mode in "a very timely manner," a UN expert has said. The comments of Hong Pingfan, chief of the global economic monitoring center of the UN Department of Economic and Social Affairs (DESA), came in an interview with...
BEIJING: Nasdaq OMX Group Inc, the parent of the Nasdaq Stock Market, expects more initial public offerings (IPO) by Chinese companies this year after the US IPO market rebounds in the second quarter, a senior executive told China Daily on Wednesday. "Although the market has been choppy in the US over the past two months, there is a huge pipeline of compa...
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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