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Hong Kong stocks fell 129.84 points, or 0.64 percent, to close at 20,199.02 on Friday. Turnover totaled HK$60.16 billion ($7.77 billion), compared with Thursday's HK$57.23 billion ($7.39 billion). Source: BizChina
Heightened supervision to ensure the safety of nuclear waste was strongly urged by officials and experts after the country's largest nuclear power plants operator breached regulations when it transported spent fuel. Everclean, a subsidiary of China National Nuclear Corp (CNNC), changed vehicles and its transportation route without approval when it delive...
China's net flow of goods and services, or its current account surplus, shrank 32 percent this year to June as the global recession clamped down on exports for the world's third largest economy. It is the first decline in the nation's current account surplus since 2004. Current account surplus is the difference between a nation's sum of exports of g...
China's first large coal-electricity joint project, Huaneng Yimin Coal Electricity Corp aims to increase its annual coal output to 20 million tons this year. The company, a subsidiary located in Hulunbuir, Inner Mongolia autonomous region under China's leading power generator Huaneng Group, now has an installed capacity of 2,200 mW. It currently can pro...
China's gross domestic product will grow about 8.5 percent in the third quarter from a year earlier, picking up from the second quarter's 7.9 percent pace, a government think-tank said on Friday. The bullish forecast comes against a background of anxiety in world markets that Chinese growth might falter as a boom in fiscal spending and bank lending pete...
Rio Tinto chief Tom Albanese pledged a closer relationship with China, saying it is of great importance to the company. "From a more personal perspective, I am committed to building our relationship with China," Albanese said, as quoted by Australian Associated Press on Thursday. Despite recent arrests of Rio Tinto's staff in China and the failure of a...
The reputation of multinational companies has been badly smeared in China by a host of bribery scandals. According to a report by Beijing-based consultancy firm the Anbound Group, of the 500,000 suspected corruption cases in China during the past decade, 64 percent involved international trade and foreign firms. Other than Anglo-Australian mining compan...
China's search engine giant Baidu's newly-unveiled search concept the "box computing", failed to convince some of the country's information technology experts Wednesday, as they saw "no significant technical upgrade". Baidu's CEO Li Yanhong introduced the "box computing" concept at Monday's Baidu Innovation Conference 2009. "In coming days, you cou...
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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