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China National Complete Plant Import & Export Corp Ltd (Complant) and Canadian miner MagIndustries Corp have agreed to jointly build a potash fertilizer plant in the Republic of Congo, which may ease Chinese demand for the product. China is the world largest potash fertilizer consumer with annual demand around 10 million tons. [Agencies] Acco...
HONG KONG: The estimated number of residential mortgage loans in negative equity fell to 466 cases at the end of December in 2009 from 835 at the end of September, the Monetary Authority of Hong Kong announced on Monday. The aggregate value dropped to HK$700 million ($90 million) from HK$1.5 billion. The unsecured portion of these loans fell to HK$100 mil...
China Shenhua Energy Co Ltd, the nation's largest coal producer, and China Shipping Development Co Ltd will jointly invest 4.6 billion yuan ($674 million) over the next four years in a shipping venture. China Shipping Development, a listed subsidiary of China Shipping Group, the second biggest sea-cargo group in China, will contribute 2.25 billion yuan t...
McDonald's has become the latest catering chain to offer free Internet access to customers as more young professionals come to regard wireless online access as an essential part of life. The fast-food chain has been expanding aggressively in Beijing since last year. In 2010, it plans to open another 150 outlets in China. Cao Gengxin, manager of the McD...
China's first 50 gas-electric hybrid buses were put into use Monday in Changchun, capital of northeastern Jilin province. The 12-meter long CA6120 URH2 type hybrid buses can cut carbon emission by 30 percent, said Cui Shusen, president of Changchun Public Transport Group. The buses were specially designed and manufactured for Changchun, a city with ric...
The US is trying to deflect its economic troubles by resorting to protectionism, the Chinese Ministry of Commerce said in a statement on Monday, citing Washington's decision to impose anti-dumping duties of 289 on imports of Chinese-made wire decking products and 175 percent on electric blankets. Source: China Daily
AMERICAN exports increased 18 per cent in the fourth quarter, driving a 5.7 per cent increase in America's gross domestic product in the last quarter, said the US Commerce Department. "The acceleration in GDP in the fourth quarter primarily reflected an acceleration in private inventory investment, a deceleration in imports, and an upturn in non-resident...
After emerging from the global financial crisis, China is offering many business opportunities to US companies in a post-crisis world, said a US-China business strategy advisor in Chicago. "China has shown itself to be strong, with its GDP growth rate at 8.7 percent in 2009," Anita Tang, managing director of Chicago-based strategy consulting firm Royal Ro...
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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