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China has told its enterprises to be prepared for competitions while the establishment of the Free Trade Area between the country and the Association of Southeast Asian Nations (ASEAN) is only a month ahead. "Chinese enterprises should make full preparations for competitions brought by zero-tariff products imported from the ASEAN," Xu Ningning, executive ...
Shell today started up a lubricants blending plant in Guangdong province to meet domestic growing demand. With a production capacity of 200 million liters a year, and the potential for a phased development to 400 million liters a year, the complex could become one of Shell’s top three lubricants blending plants worldwide in terms of volume. Locate...
China Shipbuilding Industry Co, the nation's largest maker of vessel equipment, plans to raise at least 6.4 billion yuan selling shares as China tries to pare its reliance on Japanese and South Korean marine engines. The company will use the Shanghai IPO funds to build or expand 22 projects, boosting its capacity to make engines and other parts, accordin...
China's Ministry of Commerce (MOC) Wednesday voiced strong opposition against the United States' imposition of anti-subsidy tariffs on Chinese oil well pipes, saying the move was "discriminatory." The United States made a decision Tuesday to impose duties ranging from 10.36 percent to 15.78 percent on Chinese oil well pipes for alleged unfair subsidies....
Foreign companies may be able to sell bonds in China within a year as the government expands its domestic capital markets, according to China International Capital Corp (CICC), the No 2 underwriter of yuan debt this year. "The first group of future international issuers is likely to be blue-chip companies," John Cheng, CICC's investment banking managing ...
China has tightened settlement and sale of foreign exchange by individuals to curb non-normal cross-border capital inflow, according to a statement of the State Administration of Foreign Exchange (SAFE). Banks should deny, review or report to foreign exchange regulators, individual purchases or settlements of foreign exchange suspicious of splitting up on...
The State Council announced Thursday that China is going to reduce the intensity of carbon dioxide emissions per unit of GDP in 2020 by 40 to 45 percent compared with the level of 2005. This is "a voluntary action" taken by the Chinese government "based on our own national conditions" and "is a major contribution to the global effort in tackling climate c...
Transport ground to a halt as heavy fog enveloped southwest China's Sichuan province Wednesday forcing airports and expressways to close to traffic. According to local meteorologists, the cities affected included Chengdu, the provincial capital, Dazhou, Leshan and Meishan. In Chengdu, Shuangliu International Airport closed at around 6:50 am, as visibil...
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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