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China will not face a natural gas shortage despite an expired $40 billion LNG deal between its largest oil and gas producer and Woodside Petroleum, Australia's second biggest, Chinese experts said. China National Petroleum Corporation (CNPC), announced late Tuesday that the initial accord between its listed arm PetroChina and Woodside, which was signed i...
Chinese electric car maker Tianjin Qingyuan Electric Vehicle Co hopes to sell 3,000 self-made electric vehicles mostly in the United States in 2010, 50 percent more than what it has shipped there in the past five years, an industry source said on Wednesday. Qingyuan, based in the northern municipality of Tianjin, near Beijing, is also seeking opportunitie...
China's quality watchdog said Tuesday more than 200,000 cases involving making and selling counterfeit and shoddy goods were investigated and dealt with in the first 11 months of 2009. The value of involved commodities totaled 3.37 billion yuan ($490 million), and 140 of the 200,000 cases were referred to public security departments, said the General Adm...
Equities rose yesterday following reports that the regulator would introduce futures contracts on the country's stock indexes as early as March, with securities firms recording sharp gains. The benchmark Shanghai Composite Index rose 1.2 percent to close at 3,282.18. CITIC Securities gained 4.9 percent to 32.82 yuan while Everbright Securities hit the 10...
Energy giant PetroChina Co Ltd has pulled out of a $40 billion deal to buy natural gas from a project off Australia, but Chinese analysts and officials yesterday tried to play down the impact on the Chinese market or bilateral relations. Australia's second largest oil and gas producer Woodside Petroleum Ltd informed Australia's stock exchange on Monday ...
Dairy company's 3 executives set for prosecution within week Quality inspectors are again in the eye of the storm for possibly covering up a tainted milk case for almost a year. But a senior official from the country's top quality agency yesterday insisted the case is "an individual one" and has nothing to do with the major milk scandal in 2008, in wh...
China may see "huge" inflows of speculative capital as foreign investors step up bets on yuan gains, making it difficult to manage liquidity, said Zhang Xiaoqiang, vice-minister of the National Development and Reform Commission (NDRC). Loose monetary polices in developed countries, a weakening US dollar and China's economic recovery will put renewed pres...
Electricity producer Huaneng Power International Inc (Huaneng) is spending 8.625 billion yuan to acquire electricity, mining and port assets to expand its geographical coverage. Beijing-based Huaneng plans to buy power, mining and port operators in Yunnan, Shandong and Fujian provinces from Shandong Electric Power Corp and Shandong Luneng Development Grou...
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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