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Shares of China Railway Construction Corporation (CRCC) Limited, a mega-size comprehensive building enterprise in China, opened at 8.53 yuan ($1.25) per share Thursday, up 0.71 percent from a previous close. The bonanza emerged after CRCC Thursday forecast a 50 percent rise in annual net profits last year. In a statement filed to the Shanghai Stock Exch...
Shanghai Yuyuan Tourist Mart Co, a major Chinese retailer, Thursday forecast a 50-percent growth in annual profits for last year. In a brief statement filed to the Shanghai Stock Exchange, Shanghai Yuyuan Tourist Mart attributed the growth to its investment return in an increased stake in a Shandong-based mining company. But the statement did not specify ...
Chinese investors remain positive on the property market with 92 percent expecting residential property prices to stay at current level or rise 4.4 percent on average in the first quarter of 2010, a survey found. The survey, released Wednesday by ING, a global financial services group, also found 86 percent of Chinese investors believed a bubble has begun...
Both the output and sales of China's machinery industry exceeded 10 trillion yuan ($1.46 trillion) last year, the China Machinery Industry Federation (CMIF) said in Beijing Wednesday. Output reached 10.75 trillion yuan in 2009, up 16.07 percent from the year earlier. Sales value hit 10.48 trillion yuan, up 16.11 percent, said Wang Ruixiang, the CMIF dire...
China's A-share stock market has become the world's second-largest by market value after the United States, the China Center for Market Value Management (CCMVM) said in a report yesterday. The report said that as of the end of 2009, the value of the China's A-share market rose 100.88 percent year-on-year to 24.27 trillion yuan ($3.57 trillion), overtak...
China's A-share stock market has become the world's second-largest by market value after the United States, the China Center for Market Value Management (CCMVM) said in a report yesterday. The report said that as of the end of 2009, the value of the China's A-share market rose 100.88 percent year-on-year to 24.27 trillion yuan ($3.57 trillion), overtak...
An overarching government agency has been set up to take charge of the country's energy policy for better coordination in formulating strategy and planning development. Premier Wen Jiabao will head the agency, called the National Energy Commission (NEC), and Vice-Premier Li Keqiang will be the deputy, the State Council, or the Cabinet, announced yesterda...
Steelmaker Baosteel is expected to make considerable progress in its takeover of Guangzhou Iron & Steel Group (Guanggang) and Guangdong Shaogang Group (Shaogang) in southeastern China's Guangdong province this year, according to local media reports. The Guangdong provincial government is expected to kick-start the consolidation of the steel sector af...
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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