Trade News

Asians abroad heed call to 'go east'Jul 17, 2009

Asian professionals living in the United States and Europe are heeding a new call to "Go East" for brighter job prospects in a region expected to outperform the rest of the world in economic growth. Zhang Zheng Han, 26, is one of a growing flock of highly educated Asians living in the West who have bought one-way tickets home, lured by job opport...

China's GDP grows 7.9% in Q2Jul 17, 2009

  The Chinese economy expanded 7.9 percent year on year in the second quarter, as massive pump-priming and record lending pushed for a rebound from the worst growth in a decade, official data showed Thursday.  The figure is within the market expectation be...

Eclipse shines on tourismJul 17, 2009

Travel agencies, hotels, airlines and even online vendors are cashing in on the longest solar eclipse of the 21st century, which will pass across China next Wednesday. The July 22 eclipse, which will last up to six minutes, the longest until the year 2132, has become the promotional tag line for the tourism industry in cities along the Yangtze Ri...

Street peddlers to be allowed in NanjingJul 17, 2009

SHANGHAI: About 10,000 street peddlers will be allowed to legally sell their wares in Nanjing , capital of east China 's Jiangsu province, thanks to a new initiative aimed at helping low-income families. The change, which will take effect next month, is geared toward "providing employment and making lives easier for the city's poor" by giving...

China leads world toward recoveryJul 17, 2009

China 's economic growth rate shot up in the second quarter fueled by government spending and bank lending, boosting hopes that the biggest emerging economy will lead the way out of the worst global downturn since the 1930s. Gross domestic product (GDP) growth accelerated in the second quarter, to 7.9 percent from 6.1 percent in the first quart...

Talks on iron ore rate cuts continuingJul 17, 2009

Talks between China 's steel industry and international iron ore suppliers to settle the final price of ore for the 2009-10 contract year were still ongoing, the China Iron and Steel Association (CISA) said, even as it admitted that some steel mills had agreed to a 33-percent cut from last year's price. A negotiator from CISA said the price agre...

Sinopec, Sabic venture gets nodJul 16, 2009

Asia's largest oil refiner, Sinopec Corp, and the world's biggest chemicals maker by market value, Saudi Basic Industries Corp (Sabic), received regulatory approval from China to develop a previously agreed-to project into a full-fledged venture in Tianjin . The $3-billion complex, to be operational in September this year, will have an annual ...

Curbs on investing abroad loosenedJul 16, 2009

China 's foreign exchange regulator yesterday loosened curbs on overseas direct investment in a bid to facilitate qualified local companies to invest and expand abroad. The State Administration of Foreign Exchange (SAFE) said it would expand the sources of capital Chinese companies can use to finance outbound investment and permit funds to be t...

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Transportation Center Connecting As

Transportation Center Connecting Asia and Europe Market

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.

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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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