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China's steel futures contracts were launched at 9 a.m. Friday on the Shanghai Futures Exchange (SHFE), with benchmark price for major contract of rebar RB909 set at 3,399 yuan (499.85 U.S. dollars) per tonne and that of steel wire WR909 at 3,199 yuan per tonne. September contract for rebar opened at 3,621 yuan, up 222 yuan, or 6.5 percent from the ben...
As the current global financial crisis exposes the inherent vulnerabilities and risks in the existing international monetary system, debates on creating a super-sovereign reserve currency are getting heated. Voicing his opinion, Zhou Xiaochuan, China's central bank governor, said in an article published Monday that a new super-sovereign reserve currency ...
Inter-American Development Bank (IDB) President Luis Alberto Moreno expressed the hope here on Tuesday that China and IDB would enhance cooperation and exchange to advance trade and investment between Latin America and China. Moreno said at a press conference that China's economic growth in recent years has been remarkable and its trade with Latin Americ...
The decision blocking Coke's acquisition of Chinese made Huiyuan fruit juice company registered in Cayman Islands, is based on the regulator's independent review focusing only on the market competition implications of the deal, said the Chinese Ministry of Commerce on Tuesday. Whether Huiyuan is a Chinese brand or not is not under consideration by the a...
Reporters learned from the People's Bank of China (PBC) on March 24 that, this year, China will optimize its legal framework on anti-money laundering. This includes the legal, institutional and organizational systems, to promote the scientific development of anti-money laundering work. Recently, the PBC's 2009 anti-money laundering work meeting was held...
China may offer US$100 billion in additional financing to the International Monetary Fund during the upcoming G20 summit in London, giving the agency more ammunition to fight the unfolding global financial and economic crisis, a senior economist said on Monday. The prediction by Yuan Gangming with the Chinese Academy of Social Sciences (CASS), one of the ...
China would raise the tax rebate rate on some textile, iron and steel, nonferrous metal, petrochemical, electronic information and light industrial exports from April 1, the State Council announced Wednesday. Source: CRIEnglish
The Association of Southeast Asian Nation (ASEAN) may soon ink investment deals with China and South Korea to boost economic integration, the Jakarta Post quoted an ASEAN official as saying on Wednesday. The pacts are part of a series of deals under ASEAN's free trade agreement (FTA) signed with China in 2006 and with South Korea in 2006. The pact with...
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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