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China's State-owned enterprises (SOEs) gained 1.19 trillion yuan ($174 billion) in profits in the first 11 months this year, down 1.9 percent year-on-year, the Ministry of Finance said in a statement on its website Friday. The rate of decline was 8.7 percentage points lower than that of the January-October period because of a lower comparison base. SOEs...
Cooper Tire & Rubber Co aims to generate at least 30 percent of its global sales in China in three years, up from 25 percent now, banking on robust demand after China surpassed the United States as the world's biggest auto market this year. "That's our minimum target. The Chinese domestic market is explosive and the pie is expanding. We have to grow...
Open-ended fund management companies will be allowed to charge extra fees from the investors who sell within a month after buying in under a new regulation that takes effect on March 15, 2010. The rules, issued by the China Securities Regulatory Commission, also encourage fund companies to charge commissions when investors do sell, but not when they buy i...
There has been an increase in the number of Beijingers pawning their apartments as they attempt to secure quick cash to buy new properties before the end of a tax exemption policy on Jan 1, pawnbrokers say. Anecdotal evidence suggests property hunters are offering apartments as collateral on short-term loans at pawnshops, which process loans faster than b...
China's top theme park developer plans to avoid direct competition with The Walt Disney Company by developing new theme parks outside major cities, and a renewed focus on the nation's culture. The company, Shenzhen OCT Holding Company (OCT), plans to develop the chain of theme parks nationwide. "We aim to have theme parks show up in most provinc...
A new freezing spell has intensified the shortage of heating energy, including electricity and natural gas, in Chinese cities. Hangzhou, capital of east China's Zhejiang province, had a shortage of natural gas for the second time this winter on Wednesday and Thursday, said Xiang Min, an official with Hangzhou Gas Group. The shortfall of 170,000 cubic m...
Chinese Premier Wen Jiabao vowed the country is determined to deliver a notable reduction in carbon intensity even if today (the final day of two-week UN climate change conference) sees no positive outcomes. Wen and his colleagues have been working against the clock in recent days, through telephone diplomacy and meetings, in an attempt to move forward th...
China's Standardization Administration said yesterday it has suspended some requirements that could have restricted the use and production of electric bicycles in the country. In an announcement on its website, the administration said that since so-called e-bikes are an emerging industry, time and caution are needed when making relevant policies. There...
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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