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General Motors Corp expects its sales in China, which has overtaken the United States as the world's largest auto market, to grow 5 to 10 percent this year, GM China CEO Kevin Wale said on Monday. The company's Asia-Pacific chief, Nick Reilly, added that the future success of the struggling company, which is working to complete a restructuring that coul...
Polluters in Shanghai's Pudong district will soon be able to start trading their carbon credits as part of a pilot program to help offset emissions. The environmental bureau is to try Pollution Discharge Right Trade this year, with more than 300 companies using the Shanghai Environment and Energy Exchange (SEEE) as a trading platform. ...
Chinese sportswear enterprise Xtep plans to open 800 to 1,000 new stores in the country's second- and third-tier cities this year, the company's president said on Sunday. The financial crisis is a serious blow to companies doing OEM (original equipment manufacturer) for overseas markets, said Ding Shuibo, president of Xtep (China) Co Ltd. But we focus o...
China's state asset watchdog said Thursday it will prohibit management staff of state-owned enterprises (SOEs) from transferring their shares in SOE affiliates and subsidiaries to their close relatives, its latest move to stop state assets ending up in private hands. China issued a rule last October to forbid SOE middle and senior management officials to...
Hong Kong's trade outlook continued to worsen in February, with its total goods exports volume plunging 22.7 percent over a year earlier, revealed the Census and Statistics Department here Thursday. The volume of goods imports also fell 16.8 percent in February year on year, according to the department. The volume of goods re-exports dropped 22.2 perce...
Japan's famed casual wear seller UNIQLO opened a shop Thursday at the Chinese e-commercial site taobao.com, Asia's largest online retailer. UNIQLO's flagship online shop at Taobao.com has began operating. The move was also the debut for Fast Retailing Co., Ltd,to run an overseas online business, said Tadashi Yanai, board chairman of Fast Retailing whic...
The Hong Kong Special Administrative Region (HKSAR) government may draw on the experience of Australia in the possible setting up of a multi-purpose wine center in the free trade center, an official said Thursday. Australia has a national wine center in the southern city of Adelaide that serves various purposes such as exhibition, dining, wine appreciatio...
Australian miner OZ Minerals said in a statement on April 14 that it had reached a formal agreement with China Minmetals Non-ferrous Metals Co. and is now waiting for the approval of its board members and Australia's Foreign Investment Review Board. After Minmetals' initial buyout proposal was turned down by the Australian government, the company revise...
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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