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PetroChina Company Limited reported Wednesday its net profit for 2008 dropped by 22 percent from a year ago, due to fuel price caps, windfall taxes and decreased demand in the last quarter of the year. Net profit totaled 114.431 billion yuan (16.75 billion U.S. dollars)- as calculated by international accounting rules. Earnings per share in 2008 fell by 0...
Chinese citizens should not go to Poland or some other central and eastern European countries for work in the near future, the Ministry of Commerce said Tuesday in an online notice. Many overseas Chinese workers in the region had not been paid, since employers had been affected by currency devaluations, the depressed construction industry and a shrinking ...
The Zimbabwe National Road Authority has purchased road construction equipment worth 2.6 million U.S. dollars from China for use in repairing and maintaining roads throughout the country, New Ziana reported on Wednesday. ZINARA acting chief executive officer Frank Chitukutuku told New Ziana that the equipment, which comprises six graders, six tippers an...
Chinese citizens should not go to Poland or some other central and eastern European countries for work in the near future, the Ministry of Commerce said Tuesday in an online notice. Many overseas Chinese workers in the region had not been paid, since employers had been affected by currency devaluations, the depressed construction industry and a shrinking ...
China's Jilin province hold a Jilin-Indonesia Economic and Trade Seminar in Jakarta on Tuesday, aiming to expand cooperation between entrepreneurs from the two sides. Chen Weizhen, the visiting deputy governor of the Northeast China's province, said that he expected Indonesian enterprises to invest in Jilin province, which has abundant natural r...
It is important for nations to shun protectionism and coordinate efforts to establish an open global trade system, seven world political leaders and business elites told Xinhua on the sidelines of the China Development Forum 2009. Murilo Portugal, deputy managing director of the International Monetary Fund, said it was very important that the leaders of t...
The growth forecasts given recently by international institutions for the Chinese economy in 2009 should still be recognized as real achievement, Nobel laureate in economics Joseph Stiglitz said here Tuesday. Overall I think it is very optimistic, he said. Consumption in the United States, which used to be the engine of the global economy, is now not wo...
AS world trade forecasts continue to spiral downward, there is little optimism for an early recovery in the shipping industry, said Mr Wang Shouren, deputy director of the China Shippers Association. Speaking to delegates at the TOC Asia conference in Shenzhen, Mr Shouren said it is not all bad news, however, as some researchers are predicting that ...
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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