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Most public representatives at a hearing on water costs yesterday said they supported an increase in the cost of tap water for next year because they had "no alternative". Among the 25 representatives at the special hearing on water price, three rejected outright the government's two proposals. Authorities offered a one-time increase from 3.7 yuan (54 ...
A former vice mayor in East China's Anhui province was sentenced to 12 years and half Wednesday for taking 1.6 million yuan ($234,297) in bribes. Lv Jinbao, former vice mayor of Ma'anshan city, was convicted of taking more than 1.5 million yuan and $9,500 in bribes from real estate contractors and others between April 1997 and November 2008, the Hefei M...
Fashion retailer Esprit Holdings will buy the 51 percent stake it does not already own in a retail joint venture with China Resources Enterprise for HK$3.88 billion ($500.6 million), according to a Hong Kong stock exchange filing. The deal will see Espirit take full control of the 10-year-old venture as it embarks on an expansion drive in China. For China...
Ten days after five legal scholars claimed in an open letter that the country's urban housing demolition regulation was "a breach of the Constitution", the State Council Legislative Affairs Office said yesterday it is working on fixing the problem. "We'll speed up revising and issuing a new regulation to improve the current urban housing management syst...
China's top banking regulator yesterday warned banks of the potential risk in focusing lending only on certain industries, in an indication that bad loans could return to haunt Chinese banks in the next couple of years. Far too many loans were extended to the infrastructure, energy, real estate and transportation sectors this year, Wang Huaqing, discipli...
Every country should unite in opposition to a "monopolistic" production joint venture between the Australian mining giants BHP Billiton and Rio Tinto, China's steel industry association said on Thursday. The China Iron and Steel Association (CISA) said in an announcement published in the China Metallurgical News that the planned $116 billion joint ventur...
The import tariff for fuel oil will be raised to 3 percent and bumped to 6 percent for jet fuel next year, an increase by the Chinese government of 1 percent for both products that could influence domestic oil prices. China will also cut a number of import tariffs to meet its World Trade Organization (WTO) commitment it made upon joining the organization ...
China Pacific Insurance (Group) Co Ltd, the country's third-largest life insurer, raised $3.1 billion in the world's seventh-largest IPO this year, when it priced its Hong Kong initial public offering near the middle of an indicated range, a source familiar with the deal said on Wednesday. Shanghai-listed China Pacific, part-owned by US private equity f...
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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