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Chinese equities continued the upward trend for the third consecutive trading day and closed slightly higher Tuesday, with the benchmark Shanghai Composite Index rising to a three-month high. The Shanghai Composite Index, which covers both A and B shares, climbed 0.24 percent to 3,282.89 points, its highest point since August 6. The Shenzhen Component I...
The ChiNext Index, China's start-up board for small and medium-sized enterprises to raise capital, closed lower on Tuesday as 10 out of 28 stocks were up and 18 were down. The board, based in Shenzhen and started trading on Oct 30, 2009, is tailored to the needs of enterprises engaged in independent innovation and other enterprises with great growth pote...
China's third largest steelmaker, Wuhan Iron & Steel Group, yesterday said it had signed a long-term iron ore supply contract with Venezuela's Corporacion Venezolana de Guayana (CVG), in a move to help the company diversify its raw material sources. Wuhan Iron will buy the iron ore using a different pricing mechanism from benchmark prices set annual...
Chinese mainland and Taiwan signed a memorandum on banking supervision and management on Monday. According to the memorandum, banking regulatory institutions of both sides will cooperate to swap and share information, establish institutions, and deal with emergency, to ensure stable development of the banking sectors both in the mainland and Taiwan. Liu...
US Secretary of Commerce Gary Locke said Monday clean energy technology is one of the most beneficial areas for US-China cooperation and also the only way for the two countries to keep sustained economic growth and combat global climate change. Locke, who accompanied US President Barack Obama's visit to China, made the remarks at the Sino-US clean energy...
Housing price rises in China are expected to slightly fall in the fourth quarter of this year as price hikes and reduced lending may curb property purchases, the nation's top think tank said in a report issued Monday. Volume of property sales may decline in the fourth quarter, but investments in the real estate market will keep growing, the Chinese Acade...
The United States and China, the world's first and third largest economies, have pledged to rebalance each other's economy and move in tandem on forward-looking monetary polices for a strong and durable global economic recovery, according to a China-US joint statement released in Beijing on Tuesday. The statement, issued after talks between Chinese Pres...
China should enhance supervision and management of the country's insurance investment, said Li Kemu, vice chairman of the China Insurance Regulatory Commission (CIRC), on Sunday. "With insurance funds were extended into disparate fields, other than bank deposit, demand for a better supervision and risk control enhanced, said Li at the International Finan...
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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