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The trend of China's growing investment in foreign countries is expected to continue, said a U. S. Congressional research panel in a report released Wednesday. "Chinas investments abroad are growing despite an overall decline globally in foreign direct investment (FDI) following the 2008 financial crisis," said the U.S.-China Economic and Security Review...
China was one of the fastest growing markets for U.S. manufactured and agricultural goods produced across the nation, according to a report released by the U.S.-China Business Council (USCBC) on Wednesday. "Exports to China are an essential part of the U.S. economy. China is our third-largest export market and is growing faster than many of our other majo...
South Korea's oil product exports surged 63.5 percent on-year in February due to higher crude oil prices, the government said Thursday. Overseas shipments of oil products, including gasoline, diesel, kerosene, naphtha and Bunker-C oil, reached 3.47 billion U.S. dollars in February, up 63.5 percent from 2.12 billion dollars a year earlier, the Ministry of...
The rising of a new middle class in China is a trend which will continue and that has brought new opportunities for American business, says a U.S. expert on China here Tuesday. Stanley Rosen, director of East Asian Studies Center at the University of Southern California (USC), said at the annual Asia and Pacific Business Outlook conference that China's g...
MAERSK Line, the world's largest carrier, has announced it will deploy a 4,500-TEU newbuilding on the west Africa route at a naming ceremony at the Hyundai Heavy Industries shipyard in Ulsan, South Korea. The Maersk Conakry, named after the capital of Guinea, is the first of a series of 22 West Africa MAX ("WAFMAX") vessels ordered from Hyundai, which wi...
PACIFIC International Lines (PIL) and Wan Hai Lines are back together on the transpacific trade ending a 12-month separation. The pair is teaming up with Hanjin Shipping and Cosco on the new Central China-Long Beach Express (CLX) service that will link Fuzhou, Shanghai, Ningbo and Yokohama to Long Beach. The service is scheduled to start on April 4 with...
Japan's industrial production increased a seasonally adjusted 0.4 percent in February from a month earlier, marking the fourth consecutive month of growth, the Ministry of Economy, Trade and Industry (METI) said in a preliminary report on Wednesday. February's figure follows a revised 1.3 percent increase logged in January and beat the median market for...
The governments of Mexico and Britain agreed on Tuesday to strengthen economic ties between the two countries. Mexican President Felipe Calderon and Britain's Deputy Prime Minister Nick Clegg said the common goal of the two countries is to double the bilateral trade flow to more than 6.8 billion U.S. dollars by 2015. "The objective is to double the tra...
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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