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Chinese equities closed higher in the first trading day of the week, with the benchmark Shanghai Composite Index up 0.92 percent, or 30.32 points, to close at 3,338.66. The Shenzhen Component Index rose 1.16 percent, or 159.52 points, to close at 13,854.66. Combined turnover jumped to 327.91 billion yuan ($48 billion) from 325.66 billion yuan on the pre...
the General Administration of Customs (GAC) on Monday released data of major commodities imported by China in October and the first ten months. Coal imports jumped 220 percent year-on-year to 11.1 million tons in October. For the first 10 months, China imported 96.87 million tons, 170 percent higher compared with the same period last year. China importe...
For a whopping $420,000, Michael Jackson's rhinestone-encrusted glove is coming to a hotel in the glitzy Asian gambling haven of Macao. Hoffman Ma, deputy chief executive of the Ponte 16 gaming resort, made the winning bid of $350,000 at an auction in New York on the hotel's behalf. With commission included, the glove cost $420,000 in total, hotel spoke...
Taiwan Semiconductor Manufacturing Co Ltd (TSMC) reached an out-of-court settlement valued at $290.2 million with the Chinese mainland's biggest computer chip maker after a courtroom victory in a case concerning allegations of theft of trade secrets, patent infringement and breach of contract over a prior settlement between the two companies. As part of ...
Health experts have assured consumers that Chinese pork is still safe despite reports of pigs being infected with the deadly A/H1N1 flu. Swine at a slaughterhouse in Heilongjiang province tested positive for the virus last Thursday, the Ministry of Agriculture revealed over the weekend. Four positive samples were discovered at the abattoir in Shuangchen...
Nobel economics laureate Paul Krugman's recent push for a stronger Chinese currency "was wrong," and such a move currently does no good to the US and Chinese economies, a US expert said recently in an article on Forbes' website. Shaun Rein, founder and managing director of the China Market Research Group, a strategic market intelligence firm, said that ...
China should allow an immediate one-off appreciation in the yuan's value and widen the currency's trading band to stem inflows of speculative capital that might fuel inflation, said UBS AG economist Wang Tao. "China's economic fundamentals mean that the yuan should strengthen," Beijing-based Wang told Bloomberg. "The central bank will find it harder to...
Jia Qinglin, China's top political adviser, continued his two-day visit to the Philippines on Friday by urging Chinese entrepreneurs to forge closer ties and promote common development. In his speech at the opening ceremony of the 10th World Chinese Entrepreneurs Convention (WCEC) here, Jia, chairman of the National Committee of the Chinese People's Pol...
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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