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China will impose five-year anti-dumping tariffs, ranging from 5 percent to 35.4 percent, on imports of adipic acid from the United States, the European Union and the Republic of Korea, the Ministry of Commerce said on Sunday. The tariffs will take effect on Monday this week, the ministry said. The ministry said its investigation department had ruled th...
Made-in-China light rail train has tapped into the European market, its manufacturer has announced. CSR Zhuzhou Eletric Lovomotive Co will deliver light rail trains valued 350 million yuan ($51.2 million) to Izmir City in Turky in April 2012, according to Han Jun, head of the company's publicity department. "The deal showcases the strong competitivenes...
Although US President Obama is facing opposition in proposing a new consumer financial protection agency, no one doubts that safeguarding consumer interests is critical to restoring order to a financial system battered by the global economic downturn. From excessively complex derivative products that contributed to the huge losses of global investors to m...
All-electric buses manufactured by China Lithium Energy Investment Group and Dongfeng Motor Corp recently rolled off the production line and joined public transport systems. Equipped with 200 lithium batteries, an electric bus can travel 200 km on a single charge at the cost of 1 million yuan ($ 146,453.63). A traditional gasoline-powered bus usually cost...
The Purchasing Managers' Index (PMI) of China's manufacturing sector rose to 55.2 percent in October, up 0.9 percentage points from the previous month, the China Federation of Logistics and Purchasing (CFLP) said on Sunday. The index was 0.6 percentage points higher than the number in September, when the PMI edged up only 0.3 percentage points to 54.3 p...
Beijing Automotive Industry Holding Corp (BAIC), the No 5 Chinese motor group, is pushing ahead with plans to start its own passenger car brand despite the arrest of its employee Yu Xiangdong, who was indicted in the US last month and charged with stealing trade secrets from Ford Motor Co. A source from BAIC familiar with the case said the company's plan...
China is to maintain basic stability and continuity in the economic policies and yuan exchange rate to ensure a foreseeable prospect for its businesses. Minister of Commerce Chen Deming made the remarks Sunday at the Canton Fair, an important barometer of China's foreign trade, in Guangzhou, capital of southern Guangdong province. In the following mont...
China's No 2 PC maker, Founder Group, is raising a 2-billion-yuan ($292.89 million) private equity fund with a focus on technology, media and telecom sectors as it seeks new profit streams, sources said yesterday. It would be Founder Group's first private equity fund. Its bigger PC rival, Legend Holdings, established two investment firms - Legend Capita...
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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