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Top Chinese and United States officials have agreed to avoid setting up trade barriers between the two countries to cope with the economic downturn despite what some see as their apparent benefits. It comes as the two countries signed 32 trade agreements, worth $10.6 billion and boosting both countries' economies. The deeper this economic crisis become...
Decoupling from the world, and the economic downturn much of it is experiencing, has proven impossible for China. But its resilience is receiving more recognition, with many leading financial institutions upgrading their 2009 growth forecasts since mid-April. The adjustments for gross domestic product (GDP) growth, ranging from 0.5 to 2.3 percentage point...
Pushing into crowded shopping malls, rubbing elbows in public parks or settling down for dinner in packed restaurants - you wouldn't know there was concern about the A(H1N1) flu by the way people celebrated the May Day holiday. Sales at the 1,000 major stores across China reached 12 billion yuan ($1.7 billion), up 9 percent over the same period last year...
Fortis shareholders' approval of the sale of its banking units to French bank BNP Paribas SA will not affect the financial performance of Ping An, the largest single shareholder in the Belgian company, experts said. Shareholders at a meeting in Ghent, Belgium, on Tuesday endorsed the sale with a 73 percent majority, though Ping An voted against the deal,...
The government will send an investment and procurement delegation to Europe during the first half of this year, an official with the Ministry of Commerce said. The move follows a similar mission to four European Union nations in February. We are actively preparing for a second purchasing and investment delegation to Europe, said Wu Xilin, an official in c...
More than 1 million entrance tickets for the World Expo 2010 Shanghai have been sold, of which approximately 180,000 tickets were sold on the first day of ticket sales. This is according to Hong Hao, Director-General of the Bureau of Shanghai World Expo Coordination who talked with domestic and foreign reporters at an interview on April 27. The overall ti...
Contracts valued at 2 billion yuan (about 300 million U.S. dollars) had been signed by Monday at the Central China Expo here in Anhui Province, its second day. Organizers said that despite the global downturn, the number of attendees was about twice that of last year's event. The fourth Central China Expo targeted six central provinces -- Anhui, Jiangx...
Allianz Group and American Express, two strategic investors in Industrial and Commercial Bank of China (ICBC), have sold part of their stakes through private sales, ICBC said Tuesday. ICBC declined to identify the buyers of the shares. Allianz sold 3,216,300,507 ICBC H shares and American Express sold 638,061,116 ICBC H shares, representing shares whose...
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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