Trade News

Crude oil imports through S China's Guangdong up 8.2% last yearJan 18, 2010

Crude oil imports through south China's Guangdong province amounted to 35.18 million tons in 2009, up 8.2 percent from the previous year, local customs sources said Sunday. The imports were valued at $15.38 billion, down 32.8 percent. The average price of oil imports stood at 437 dollars per ton for the whole year, but it was noteworthy that the price ...

Shanghai sees further recovery in foreign trade last monthJan 18, 2010

China's economic hub Shanghai in December posted the first year-on-year growth in both imports and exports in 14 months, indicating further recovery from the economic downturn, local customs said Sunday. Last month, Shanghai's foreign trade stood at $30.7 billion, a growth of 35.3 percent over the same month of 2008. This was the second year-on-year gro...

China to tackle climate change challenges to agricultureJan 18, 2010

As climate change poses a great challgenge to China's agricultural sector, the government and farmers should tackle it in a scientific and systematic way, Chinese Vice Minister of Agriculture Niu Dun said in an interview with Xinhua. Climate change has posed great threats to the traditional farming sector, and extreme weather events, such as droughts, fl...

Rising waste paper imports trigger environmental concerns in ChinaJan 18, 2010

Waste paper imports through south China's Guangdong ports topped 10.33 million tons last year, up 13.3 percent over the 2008 level, local customs said Sunday. However, some life garbage was found among the paper now and then, the customs said, cautioning against environmental problems.   In December alone, waste paper imports through Guangdong we...

Home trading in Beijing plummets in first two weeks of 2010Jan 18, 2010

Property trading in Beijing in the first two weeks of this year slumped, following a string of government moves to curb soaring real estate prices. Beijing property transaction management authority said on its website Friday that sales of future delivery residential apartments during Jan 1 to Jan 13 were down 63.9 percent month-on-month to 3,031 units, co...

Hong Kong rail link sparks protestsJan 18, 2010

The Legislative Council Finance Committee approved HK$66.9 billion ($8.6 billion) in funding for the controversial express rail link to Guangzhou on Saturday. The Guangzhou-Shenzhen-Hong Kong Rail Link will form part of China's national high-speed rail network and allow people to travel from Hong Kong to Guangzhou in 48 minutes, just under half the amoun...

Israel's Ashdod ranks China No 1 for imports - US, No 10 Jan 18, 2010

ONE of Israel's main ports, Ashdod, reported its highest imports were from China at 77,967-TEU (807,000 M/T) compared to an export figure of 1,023-TEU to China. According to Israel's Port2Port account of its container handling breakdown for 2009, Turkey was second largest source of imports and exports at 45,510 TEU (638,000 tonnes) 6,412 TEU respectivel...

Beijing Tongrentang Group net profit up 16% in '09Jan 15, 2010

Beijing Tongrentang Group Co, a major traditional Chinese medicine maker, announced Thursday its 2009 net profit rose 16 percent to 800 million yuan ($117 million) from a year earlier. Its sales exceeded 10 billion yuan for the first time, an annual increase of 12 percent. The major performance indicators have been growing at double-digit rates for 13 c...

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