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The Chinese government said on Wednesday financial institutions would be encouraged to step up credit support to foreign-funded businesses as they have become an important part of the world's third largest economy. Foreign-funded companies should have more access to financing and would be encouraged to take part in the mergers, acquisitions and reshuffli...
The US International Trade Commission (ITC) on Wednesday slapped punitive penalties on imports of some $2.6 billion of oil country tubular goods ( OCTG) from China, in the biggest US trade action taken against China. Source: BizChina
China's National Audit Office (NAO) said Wednesday 2.84 billion yuan ($420 million) of public funds misused by 13 centrally-administered enterprises in 2008 cannot be retrieved. China Aerospace Science & Industry Corp caused the losses of 6.37 billion yuan of state-owned assets in 2008 due to wrong decisions and poor management. Despite various cor...
Nation to curb overcapacity, develop low-carbon economy China is making concrete efforts toward a low-carbon economy by curbing overcapacity and boosting strategic emerging industries, a senior official at the nation's top economic planner said yesterday. Li Ningning of the National Development and Reform Commission (NDRC) said the overcapacity problem...
Former Caijing head, two others to join general news publication Nearly two months after she quit Caijing in a huff, Hu Shuli has been offered the top job at News Magazine, a little-known general news publication started in 1988 by a think tank focused on economic reform. The 56-year-old Hu, along with two former high-level editors at Caijing, will effe...
China National Petroleum Corp (CNPC), along with companies from South Korea and the United Arab Emirates (UAE), has won contracts worth $9.7 billion to develop a large natural gas field in Turkmenistan. The consortium, comprising of CNPC, South Korea's LG International Corp and Hyundai Engineering Co, and the UAE's Gulf Oil & Gas Fze and Petrofac In...
The Chinese steel industry has strongly condemned a US move to slap preliminary anti-dumping duties on steel gratings imports, and is likely to appeal against the measure. The US Commerce Department said on Tuesday that it would impose duties of as high as 145.18 percent on imports of steel gratings from China, in a bid to offset "unfairly low" prices and...
China is speeding up construction of a system for environmental management to handle emergent environmental incidents, an official said on Tuesday. It was revealed by Zhang Lijun, Vice Minister of Environmental Protection, when he addressed a meeting on the ministry's priorities in the upcoming year. In the year of 2010, environmental protection author...
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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