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Hong Kong stocks tracked the mainland market to close down 523.87 points, or 2.51 percent at 20,375.37 on Friday. Turnover rose to HK$93.64 billion ($12.01 billion) from Thursday's HK$88.45 billion ($11.34 billion). (Source: China Daily)
The location of a planned refining and chemical complex, a joint project between PetroChina, Shell China Exploration and Production Ltd (Shell China) and Qatar Petroleum (QP) has not been decided yet, Li Lusha, spokesperson of Shell China told Xinhua Friday. Li made the comment in response to media reports saying the complex would be built in Taizhou of E...
Kweichow Moutai Co Ltd, China's leading liquor producer, announced Thursday evening that it had made a net profit of 2.79 billion yuan ($408.4 million) in the first half of the year, up 24.59 percent year-on-year. Company revenue in the first half was 5.55 billion yuan, up 20.05 percent year-on-year, the company said in its half-year report to the...
The price of natural gas will rise in China, as the country steps up pricing reforms on natural resource products, industrial experts told the Chinanews.com.cn. Niu Li, a senior researcher at the State Information Center, said that natural gas price is to be raised, but the adjustments would be made on a low basis, as the natural gas prices were previousl...
China's young sovereign wealth fund, China Investment Corporation (CIC), said on Friday that it reaped the benefits of investing cautiously during the global financial crisis, after it reported a negative 2.1 percent return on its global portfolio for 2008. Return on total capital, based on the accounting income of CIC's global portfolio, and the cash i...
Sales of China's domestically made automobiles totaled 1.09 million units in July, up 63.57 percent compared with the same period of last year, the China Association of Automobile Manufacturers (CAAM) said Friday. Sales of passenger cars topped 832,600 units, up 70.54 percent year-on-year, the CAAM said. (Source: www.chinadaily.com )
China vowed to deepen its financial system reform and promote more efficient financial intermediation in support of domestic demand, according to a fact sheet released in Beijing on Wednesday. To meet the commitment, China would promote interest rate liberalization and consumer finance, said the economic track joint fact sheet of the first US-China Strate...
China will further enhance access in its service market and expand areas and channels for non-government investment, according to a fact sheet released in Beijing on Wednesday. The move was aimed to expedite the development of its services industry and increase the share of services in GDP, said the economic track joint fact sheet of the first China-US St...
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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