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Panasonic Corp. on Friday announced a group net loss of 378.96 billion yen (3.94 billion U.S. dollars) in fiscal 2008. It is the first time that the Japanese electronics giant has fallen into the red in six years, said the company, projecting a further loss in fiscal 2009 due to massive restructuring costs to combat sluggish sales, plummeting gadg...
China's central bank has asked lenders to ensure credit goes into the real economy, saying that risk control and credit expansion were equally important. "We can't rule out the possibility that some money has flowed into the stock market, a situation that deserves close government monitoring," Guo Tianyong, professor at the Central U...
China's Ministry of Commerce (MOC) Friday announced that the amount of used foreign direct investment (FDI) fell 21 percent year on year in the first four months. The figure shrank to 27.67 billion U.S. dollars, said MOC spokesperson Yao Jian. In April alone, the investment dropped 22.5 percent to 5.89 billion U.S. dollars, the seventh straight monthly...
China stressed Tuesday that stabilizing external demand was key to maintaining growth as new figures showed that foreign trade was still shrinking while fixed-asset investment was surging. Exports fell 22.6 percent in April from a year earlier to 91.94billion U.S. dollars, steeper than the 17.1-percent decline in March. Imports were down 23 percent to 78....
According to statistics released by the General Administration of Customs (GAC) on May 12, China imported 16.17 million tons of crude oil in April, a 13.6 percent increase year-on-year and a 3.7 percent increase month-on-month. In the first four months of the year China imported a total of 57.05 million tons of crude oil valued at 17.997 billion USD, a 4....
On May 11, the opening ceremony of the auto plant in Lovech, which is a cooperative project between China's Great Wall Motor Company and Bulgaria's Litex Motors, was held in the city of Lovech, 150 kilometers from Bulgaria's capital, Sofia. Bulgarian Prime Minister Sergei Stanishev, Chinese Ambassador to Bulgaria Zhang Wanxue, and the Mayor of ...
According to statistics released by the General Administration of Customs (GAC) on May 12, China imported 16.17 million tons of crude oil in April, a 13.6 percent increase year-on-year and a 3.7 percent increase month-on-month. In the first four months of the year China imported a total of 57.05 million tons of crude oil valued at 17.997 billion USD, a ...
Two TV production companies in China and New Zealand struck a deal on Tuesday to co-produce a major international drama series called Gold Rush Revelation. Qi Lin, president of the Beijing Yechen Movie and TV Cultural Development Company and Dave Gibson, Company Director of Wellington Film and TV production company Gibson Group, signed the agreement in ...
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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