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By the end of 2008, China's accumulated direct investment in Lithuania amounted to about 3.9 million USD, of which $1.49 million had been invested in the real estate industry, accounting for 38 percent of China's total investment in the country. This is according to China's Ministry of Commerce from the Department of Statistics to the Governmen...
China's foreign trade will continue struggling due to the severe contraction of the international market and the government will adopt more policies to facilitate the country's exports and imports, according to a press release from the Ministry of Commerce on April 15. Yao Jian, the spokesperson for the Commerce Ministry, warned that China's export wou...
Faltering exports put a dent in the industries of steel, machinery, textile and light industry in China as the global demand contracted because of the deepening financial crisis. Analysts said these sectors should shift focus on domestic demand. China's exports, a main driver for its economic growth, recorded a year-on-year 2.2 percent drop in November. ...
French electrical company Schneider agreed to pay 157.5 million yuan (23 million U.S. dollars) to China's Chint Group as a settlement to end a three-year patent lawsuit, a court in east China's Zhejiang Province said Wednesday. The Tianjin-based Schneider Electric Low Voltage Co. Ltd., in which Schneider holds 75 percent of stakes, will pay the compensa...
The crude oil demand worldwide would continue to decline this year due to the global economic crisis, according to a monthly oil market report published Wednesday by the Organization of the Petroleum Exporting Countries (OPEC). The report said that the global crude oil demand in the first half of this year averaged 85.6 million barrels per day, representi...
European Union (EU) governments and the European Parliament agreed to a preliminary deal on Wednesday to tighten supervision of credit rating agencies. The draft deal will introduce a registration procedure for credit rating agencies to enable European supervisors to control the activities of rating agencies. Credit rating agencies, such as Standard &am...
Well-known Canadian tour operator Conquest Vacations on Wednesday announced the shutdown of its business after 37 years in operation. In a statement published on its website, the Toronto-based company cited several factors for the decision. Unfortunately, this has been a result of overcapacity and price [wars] among the major tour operators, unrealistic...
Major Chinese cities such as Shanghai and Beijing could gain from the global financial crisis, which is reshaping the world's financial landscape. Jiang Zhenghua, former vice-chairman of the National People's Congress Standing Committee, made the comment Wednesday while calling for more infrastructure investment to speed up China's urbanization amid th...
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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