As pressure to preserve the world's precious forest resources is growing, China's forest tenure reform in recent years serves as a good example for other countries, said an international research report released in London on Friday. The report, published by the Rights and Resources Initiative (RRI), a global coalition of top forest organizations, referr...
Move over Japan. China is poised to become the world's largest luxury goods market in the next five to seven years, according to Boston Consulting Group in its latest survey of Chinese consumer trends released in Beijing yesterday. "By 2015, 29 percent of global luxury product consumption will come from China, making it the world's largest luxury market...
Move over Japan. China is poised to become the world's largest luxury goods market in the next five to seven years, according to Boston Consulting Group in its latest survey of Chinese consumer trends released in Beijing yesterday. "By 2015, 29 percent of global luxury product consumption will come from China, making it the world's largest luxury market...
The US government will investigate charges against import of oil well drill pipe from Chinese companies, said the Commerce Department on Thursday. The case, which was filed by the United Steelworkers union and a group of companies from Texas and Illinois, is the first US trade probe of this year against China after about a dozen in 2009. The petitioners...
Hong Kong Exchanges and Clearing Limited (HKEx) and Shanghai Exchange (SSE) Thursday agreed on new cooperation initiatives including a mechanism for regular exchanges and strengthening cooperation in the development of products like ETFs. HKEx and SSE signed in January of last year a Closer Cooperation Agreement, which commits the two organizations to wor...
China remains a developing country with a large number of poor people and low per capita GDP, the statistics chief said yesterday while releasing economic growth figures for last year which suggest the nation is poised to overtake Japan as the world's second-largest economy. The gross domestic product rose by 8.7 percent year-on-year to reach 33.54 trill...
Schmitz Cargobull will increase the prices of its commercial vehicles in the 2nd quarter of 2010. Raw material costs for aluminium, plastics and oils are once again increasing strongly, resulting in a disproportionate rise in manufacturing costs. During the crisis in 2009 Schmitz Cargobull AG largely exhausted the internal potential for increasing the effec...
Huaneng increases production; regional blackouts still possible China Huaneng Group (Huaneng), the country's largest power producer, plans to increase electricity production 11 percent and coal production 29 percent this year, in a move to meet rising domestic demand. Power production in 2010 is expected to be 466.5 billion kWh, and coal output 56.86 m...
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