WASHINGTON: The US Commerce Department said Tuesday that it would impose preliminary duties on imported Chinese potassium phosphate salts and coated paper, a move that may escalate trade disputes between the two countries. In these countervailing duty (CVD) cases, the two products will face 109 percent and up to 13 percent duties, respectively. Potassiu...
BEIJING - Egypt is stepping up efforts to encourage more Chinese companies to invest in the Middle East nation, in a bid to narrow its trade deficit with China, said Egyptian Minister of Investment Mahmoud Mohieldin. "We will have solid and strong investment from China," Mohieldin told China Daily. "We hope in 2010 the number of Chinese companies that i...
CHONGQING'S trade value soared 59 per cent year on year in January to US$810 million, after a 10.6 per cent fall in December, Logistics Week reported. Export value rose 43.6 per cent year on year to $470 million, but fell 9.5 per cent month to month. Import value soared 86 per cent year on year, but fell 12 per cent month to month to $340 million. The ...
GUANGDONG Customs' statistics show its trade value still below levels achieved before the downturn, despite a year-on-year increase of 33.4 per cent $48.9 billion in January, Logistics Week reported. Provincial performance was lower than the nationwide 44.4 per cent trade growth rate and this was blamed on poor performance in January 2009 and last year'...
SHANGHAI customs scored a new high of US$48.2 billion in January in the trade value, up 31.4 per cent year on year in the third straight month of growth, reports Logistics Week. Shanghai's trade with European Union was up 20.6 per cent, up 15 per cent with the US and up 19.6 per cent with Japan. January was the first month since the formal establishment ...
Taipei: Taiwan's state oil supplier said Tuesday it has sealed a 20-year contract with Papua New Guinea to import the last available tranche of liquefied natural gas as Taipei looks to diversify overseas energy sources. CPC Corp said that under the agreement it will import 1.2 million metric tonnes of LNG from ExxonMobil's Papua New Guinea project each ...
China's central government has allocated 28.6 billion yuan ($4.2 billion) to support farmers, the Ministry of Finance said in a statement Monday. The bulk of the funding -- 18.6 billion yuan -- would be used to subsidize farmers in growing improved varieties of crops such as rice, corn, and cotton. The other 10 billion yuan would subsidize purchases of...
BEIJING: Hebei Iron and Steel Group has proposed to the Ministry of Industry and Information Technology (MIIT) that a national iron ore company be formed to centralize iron ore imports, according to sina.com.cn. A senior executive from the nation's second largest listed steel mill, said the new company would consist of the 16 large steel mills in China, ...
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