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China Life, the world's largest life insurer by market value, reported a 23.1 percent year-on-year increase of premium income in November, the company said in a statement on Tuesday. However, the insurers' pre-audit premium income fell 2.27 percent year-on-year to 274.4 billion yuan in the first 11 months, with the dropping rate further narrowed compare...
Zhejiang Geely Holding Group aims to conclude the acquisition of Ford Motor's Volvo Car Corp in early 2010 and has hired consultants for restructuring and integration, sources with direct knowledge of the deal said. German-based Roland Berger Strategy Consultants has been hired to launch a 100-day internal review and restructuring to improve Geely operat...
China's first third-generation nuclear power plant, the Sanmen project, will have six reactors with a total capacity of 7,500 mW by 2020, a source close to the subject said yesterday. They would provide more than 10 percent of the country's total nuclear power capacity, the source said, without elaborating. Construction of the second reactor, which ha...
China's financial hub, Shanghai will overtake London as the world's second-largest financial center after New York in 10 years, according to a recent survey conducted by law firm Eversheds. The survey, which interviewed 600 senior business decision-makers in the cities of London, Mumbai, New York, Shanghai and the United Arab Emirates, revealed that Lon...
Three former executives of China's once biggest beverage maker, Jianlibao Group, have been jailed for stealing from the staff welfare fund, said a court official in south China's Guangdong province on Tuesday. A spokesman of the Intermediate People's Court of Foshan city said Yang Shiming received an 18-year sentence and Li Qingyuan and Ruan Juyuan wer...
China yesterday defended rules that foreign companies claim lock them out of the multibillion dollar market of selling computers and office equipment to government departments. Beijing stipulates that sellers of hi-tech goods must have them accredited based on "indigenous innovation" - meaning they must contain Chinese intellectual property - to be includ...
An increasing portion of Chinese residents are unhappy about the country's price levels, with nearly half of them saying overall prices are "too high and unacceptable", according to a quarterly survey by the People's Bank of China. The portion of residents giving that response in the fourth-quarter survey, 46.8 percent, was up from 45.2 percent last qua...
The second group of companies to be listed on the ChiNext stock market in Shenzhen will likely do better than expected, according to Shanghai Securities News. The price to earnings (P/E) ratio - a key indicator of demand for a particular stock – for eight companies approved to sell their stocks on the NASDQ-style growth enterprise board will be much...
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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