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Throughput at Chinese ports reached 500 million tons in July, up 12.9 percent from the same month last year, marking the first double-digit growth since last September, according to a statement on the Ministry of Transportation website. Of the total, throughput of foreign-trade goods rose to 190 million tons, an increase of 13.8 percent from last July; th...
China's eighth-largest automaker Brilliance Auto is seeking to form a joint venture producing commercial vehicles with Mercedes-Benz, the Chinese company's chief said. The tie-up with Daimler AG, Mercedes-Benz's parent, will focus on converting Mercedes' commercial vehicles into special purpose models, said Brilliance Chairman Qi Yumin at a media brie...
Bank lending could decelerate to between 400 and 600 billion yuan in July despite a central bank commitment to maintaining a loose monetary policy, analysts said. "A big fall from the monthly levels in the first half is bound to take place in July, as banks usually rein in lending after a credit burst in June," Dong Xian'an, chief economist with Industri...
Realty bellwether Vanke has posted a 22.5 percent year-on-year increase in the first half profit to 2.5 billion yuan. The Shenzhen-listed company, however, had to set a higher target to secure its leading position even as its archrivals sold more apartments in recent months. During the first six months of the year, Vanke sales were around 3.49 million sq ...
China and Europe should "take the historic lead" and accelerate the restructuring of the global financial system, says a prominent European politician. Saying that the international community had achieved little in its quest to remove excessive speculation and greed from the financial sector in the year since the start of the global financial crisis, form...
The employment situation in China is still grave despite signs of recovery in the first half this year, said Wang Yadong, an official of the Ministry of Human Resources and Social Security, Tuesday. He said at a press conference in Beijing that there is still risk of unemployment as the global financial crisis has not yet bottomed out. In response to qu...
China is getting more adapted to global trade rules, as exemplified in its recent complaint to the World Trade Organization (WTO) on an anti-dumping dispute with the European Union (EU), a Brussels-based trade expert said on Sunday. "In the past, China has taken quite a low profile in the international organizations like the WTO. Certainly China is becomi...
The Shandong-based Jinan Iron and Steel Company Limited saw its profits shrink 167.82 percent in the first half of this year compared to the same period last year. The loss totaled 875.42 million yuan, the company said in its interim report today. Its operating revenue fell 45.53 percent to 12.08 billion yuan, while operating costs also fell 32.93 percent...
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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