Trade News

Chinese shares end slightly lowerNov 11, 2009

Chinese equities ended eight consecutive gains Wednesday, with the benchmark Shanghai Composite Index down 3.42 points, or 0.11 percent, to close at 3,175.79. The Shenzhen Component Index fell 44.57 points, or 0.34 percent, to close at 13,106.92. Combined turnover shrank to 233.04 billion yuan ($34.27 billion) from 264.67 billion yuan on the previous tr...

Economist: Inflation not to happen in China within 2 yearsNov 11, 2009

China's economic recovery is in good condition and there is no need to pay too much attention to inflation within the next two years, said Bruce Kasman, chief economist with JPMorgan, according to financial information website hexun.com. Kasman's remarks came as the National Bureau of Statistics said China's consumer price index, a main gauge of inflat...

No change in current 'loose' monetary policy: PBOCNov 11, 2009

China doesn't have a timeline for ending its "loose" monetary policy, a central banker said yesterday ahead of data likely to show the nation's economic recovery is strengthening. China will maintain its policy stance "at present", Ma Delun, deputy governor of the People's Bank of China, told reporters in Mumbai, speaking through a translator. The ba...

China to boost mergers in steel sectorNov 11, 2009

China will encourage mergers and restructuring in the steel sector to help forge three to five producers with sharp international competitiveness, said the Ministry of Industry and Information Technology in a statement on its website Tuesday. A total of six to seven leading steel producers will be encouraged to implement strategic mergers and restructurin...

China's new loans sharply down in OctNov 11, 2009

China's new Yuan-denominated loans in October were down 51 percent from September, the People's Bank of China, the central bank, announced Wednesday. Growth of the new yuan loans slowed to 253 billion yuan ($37.06 billion) from September's 516.7 billion yuan ($75.68 billion), according to the central bank. Yuan loans outstanding at the end of October...

China's CPI falls 0.5% in October, PPI down 5.8%Nov 11, 2009

China's consumer price index (CPI), a main gauge of inflation, dipped 0.5 percent year-on-year in October, the National Bureau of Statistics (NBS) said Wednesday. The rate of decline was 0.3 percentage points lower than that in Septemper. The producer price index (PPI), a major measure of inflation at the wholesale level, dropped 5.8 percent in October...

China's imports, exports drop 10.7% in OctNov 11, 2009

China's imports and exports fell 10.7 percent in October year-on-year, but monthly exports exceeded $100 billion for a fourth straight month this year, the General Administration of Customs announced Wednesday. Imports stood at $86.8 billion for October, a decrease of 6.4 percent compared with the same month last year, while exports dropped 13.8 percent ...

Tianjin FAW Automoblie sees sales up 10% in OctNov 10, 2009

China's northern Tianjin-based economical passenger carmaker Tianjin FAW Xiali Automobile Co, Ltd saw its sales volume in October rise 10 percent year-on-year to 16,080 units. The automaker produced 17,600 units of vehicles last month, a 13 percent increase from the previous year, the company said in a statement to the Shenzhen Stock Exchange Tuesday. ...

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Qingdao Saint Voyage Log

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