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The China Coastal Bulk Freight Index (CCBFI), a barometer of the shipping market, has been rising for the past six weeks and freight prices for coal and grain have doubled in about 30 days, according to data released by the Shanghai Shipping Exchange, China Securities Journal reported. The CCBFI closed at 1,808.61 points last week, a big increase from t...
The Chinese government is to raise the earnings of the middle and low income groups to boost consumer spending, said a senior economic planning official in Beijing on Wednesday. Zhang Ping, minister in charge of the National Development and Reform Commission (NDRC), the country's top economic planning agency, made the remarks at a national meeting on dev...
China's consumer price index (CPI), a main gauge of inflation, is to see a year-on-year growth between 0.5 percent to 0.6 percent in November, ending nine months of decline, analysts forecast. Zhu Baoliang, vice director of the economic forecast division under the State Information Center, a government think tank, said the sweeping rain and snow and low ...
Sales of welfare lottery in China have exceeded 70 billion yuan ($10.2 billion) so far this year, according to the Welfare Lottery Distribution and Management Center. The sales represent a 17 percent increase from the whole year of 2008, the center has said. After paying back for prizes, the lottery raised a total of 23.09 billion yuan for public welfar...
China will extend stimulus measures in the automobile industry for one more year, with small adjustments, to further support the world's biggest and fastest-growing auto market. The government announced the decision yesterday after an executive meeting of the State Council chaired by Premier Wen Jiabao. The stimulus package, which was due to expire at ...
China's banking regulator plans to cap new lending at around 8 trillion yuan next year, but the target might be subject to instant changes according to the economic environment, a source with knowledge of the matter said. The regulator has retained flexibility in its credit policy, as there were still uncertainties lying ahead, the source, who declined t...
Home prices in 70 large and medium-sized Chinese cities rose 5.7 percent in November from a year earlier, the National Bureau of Statistics (NBS) announced Thursday. The year-on-year price growth rate was 1.8 percentage points higher than that of October, said the NBS. Sales prices for new homes rose 6.2 percent in November from the same month last year...
Software maker Jinshan will join Taobao, a leading online trading platform in China, and Maxthon Browser to build a secure online shopping platform, the Beijing Times reported on Wednesday. Efforts will be made in fighting entrapment websites, inventing proactive web pages and strengthening online security, the report said. The total sum of online shopp...
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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