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Net profit in the Beijing Yanjing Brewery Co Ltd, a major Chinese beer brewery, increased 25.05 percent to 318.42 million yuan ($46.62 million) in the first half this year, boosted by sales, the company said Tuesday. Turnover during the January-June period soared 18.98 percent year on year to 4.89 billion yuan, the company said in its semiannual report to...
The government should raise both taxes and the retail price of cigarettes as a tobacco control measure, experts said after a survey found 80.5 percent of Chinese smokers support raising tobacco taxes. The survey, conducted by Tsinghua University, Harvard University and the research institute for fiscal science under the Ministry of Finance, polled 3,000 f...
China's oil consumption declined in the first half of the year as the country's economy slowed, but it would pick up growth in the second half, the main industry group said Monday. According to the China Petroleum and Chemical Industry Association (CPCIA), China's apparent consumption of crude oil dropped 2.9 percent year-on-year to 190 million tons. ...
The China National Offshore Oil Company Ltd (CNOOC Ltd) said Tuesday it has successfully drilled a new oil and gas field in East China's Bohai Bay. The oilfield, JinZhou (JZ) 20-2N, is in the northeast of Liaodong Bay in the Bohai Sea, about four kilometers north of the JZ 20-2 gas field, the company said. The exploratory drilling penetrated oil pay zo...
The confidence of Chinese entrepreneurs in the domestic macro economy had picked up, as the entrepreneurs confidence index reached 68.4 percent in the second quarter this year, 7.2 percentage points higher from the first quarter, the People's Bank of China (PBOC) said Tuesday. The entrepreneurs confidence index, which measured the sentiments of entrepren...
China's economy showed more signs of recovery and was likely to grow around 9 percent in the third quarter, a senior economist said Tuesday. Wang Xiaoguang, director of Macroeconomics Division of Institute of Economic Research of the National Development and Reform Commission, made the remarks in response to a latest report on China's economic growth in...
It's the first initial public offering (IPO) in Shanghai after regulators resumed its A-share IPO in June following a nine-month suspension. The stock surged 202.78 percent to close at 10.9 yuan. Non-ferrous metal producers led the gains, with five companies rising by the daily limit of 10 percent, as investors bet on rising demand for such resources to ...
The automotive industry is a tricky business. Automakers offering the right product at the right price is a big step in the right direction, but not a sure fire formula for success. Beyond product, other factors are key to an automaker's success, including a strong and capable dealer network. Yet in China - now the largest and most important in the auto ...
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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