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Hong Kong stocks fell 229.64 points, or 1.01 percent, to close at 22,397.57 on Thursday. Turnover moved down to HK$70.95 billion ($9.16 billion) from Wednesday's HK$72.26 billion ($9.33 billion). Source: China Daily
China Development Bank (CDB), the State-run bank for public works projects, opened its first representative office in Egypt's capital Cairo Tuesday after more than one year of preparations, the 21st Century Business Herald reported Thursday. The Cairo office would act as a platform promoting comprehensive cooperation between CDB and Egypt and other Afric...
Thanks largely to the economic turnaround in the United States and Europe, exports from China declined more slowly in October, sending a strong signal that the recovery is gaining momentum. Customs statistics indicate exports fell by 13.8 percent from their level a year ago. The total value of exports in October stood at $110.76 billion. The decline in ...
China should aim to reduce its carbon intensity by 4 or 5 percent year-on-year if it is to achieve its goal of low-carbon development by 2050, says a leading environmental think tank. If the annual target is met, carbon emissions per unit of economic output will fall by between 85 and 90 percent by the middle of the century, compared to the 2005 baseline,...
China's largest refiner Sinopec Group yesterday officially started commercial operation of the country's first joint venture integrated oil refining and petrochemical complex, which is expected to help meet the growing domestic need for fuels and chemical products. The facility, located in Quanzhou, Fujian province, has a total investment of around 40 b...
China Eximbank, a wholly State-owned policy lender, may get a capital boost from the government as early as January next year to help kickstart its long-awaited restructuring process, sources with knowledge of the matter said yesterday. China Central Huijin Investment Co, an investment arm of the nation's sovereign wealth fund, will be the only entity th...
China's central bank said on Wednesday that it will step up efforts to balance inflation perception and economic growth as it will continue to implement the relatively easy monetary policy. "We will make the policy more flexible and sustainable and keep policy abreast with economic climate and price changes," the People's Bank of China said in the lates...
The world economy is placing a bet on its future with China, but some Chinese are placing bets on their future with plastic. In rebalancing the world economy, analysts have said US citizens should take cues from the Chinese, where 40 cents of every dollar of disposable income is saved, compared to 3 cents of every dollar in the US But there are worrying...
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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