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The Chinese government said on Monday that it aims to build the southern island of Hainan into a top international tourism destination by 2020. The country also plans to develop its only tropical island province into a platform for international economic cooperation and cultural exchanges, according to a statement of the State Council, equivalent to the C...
China overtook the United States as the biggest buyer of Brazilian products in 2009, the Brazilian industry and trade ministry said on Monday. China imported products valued at $19.9 billion from Brazil, while the US bought $15.7 billion worth of goods, Foreign Trade Secretary Welber Barral said when presenting the annual commercial report. The US was t...
Woodside Petroleum, Australia's second-largest oil and gas producer, announced yesterday that the $40.4-billion initial accord to sell liquefied natural gas (LNG) to China is no longer valid, Guangzhou Daily reported. According to the agreement inked in 2007 between Woodside and China National Petroleum Corporation (CNPC), China's largest oil and gas pr...
The heaviest snowfall to hit northern China in nearly six decades continued to snarl traffic yesterday, stranding thousands of passengers on railways and at airports. The unusually harsh winter weather also caused coal shortages, forcing some provinces to cut power supplies. Though snow stopped in most parts in the north by yesterday morning, heavy snow...
Fuel leak reaches Sanmenxia; reservoir stops power output The diesel fuel leak into a tributary of the Yellow River has spread downstream into Shanxi and Henan provinces, contaminating and potentially affecting the drinking water supply of many local residents. The fuel leaking into the Weihe River has reached the Sanmenxia reservoir on the Yellow River...
China's banking regulation chief said lenders have "more than" enough capital and urged them to extend credit to consumers and smaller companies. Liu Mingkang, chairman of the China Banking Regulatory Commission, also told banks to support rural development, healthcare, energy saving and pollution reduction in an opinion piece on Bloomberg News yesterday...
Lender likely to sell shares on Shanghai, Hong Kong bourses Agricultural Bank of China (ABC), the only bank among the Big Four State-run lenders yet to float shares, is planning to raise up to 150 billion yuan ($21.97 billion) through a dual listing in Shanghai and Hong Kong as early as April this year, people with knowledge of the matter told China Daily...
China will encourage private enterprises to play a bigger role in the publishing business, according to guidelines to be released by the industry watchdog. Private enterprises will be allowed to publish books on science and technology, finance and economy, supplementary materials to textbooks, music and arts, and children's books, says a document to be i...
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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