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Japan's trade surplus fell 91.2 percent in February year on year to 82.4 billion yen (841 million dollars), the Finance Ministry said Wednesday. Exports declined 49.4 percent, surpassing January's slump of 45. 7 percent, while imports fell 43.0 percent, the ministry said in a preliminary report. The trade surplus with the United States slipped 79.0 pe...
China's State-owned Assets Supervision and Administration Commission (SASAC) tightened the rules Tuesday on the conditions under which central state-owned enterprises (SOE) could use derivatives. In a statement, SASAC said the low risk awareness of a few SOEs had presented a serious danger to state assets' safety. SOEs should use derivatives cautiousl...
Trade protectionism will only make the already ailing world economy even worse, said Chinese Commerce Minister Chen Deming at the just concluded China Development Forum in Beijing. Amid global economic recession, Chen expressed Sunday his strong opposition to the spreading trade protectionism and hoped "the international community could intensify...
Chinese equities were broadly higher Monday, extending last week's gains, with analysts saying expectations of rising inflation and further stimulus moves fueled advances. The benchmark Shanghai Composite Index rose 1.95 percent, or 44.39 points, to 2,325.48. The index has risen 8 percent since last Monday. The Shenzhen Component Index gained 2.76 percen...
Abbott Laboratories recently announced that its first nutritional products factory in China, with an investment of around 200 million yuan, is already completed and been put into operation in the Guangzhou Economic and Technological Development Zone. This is Abbott's first step in the localization of its nutritional products in China's market. The nut...
For some Chinese trade companies reeling as their export markets wither in the financial crisis, the Seventh Cavalry has arrived in the shape of the home market. COME BACK TO LIFE My company got 420,000 yuan (about 61,500 U.S. dollars) of sales here, enough to pay another two-month's of wages for workers, said Zhao Jianmin, chairman of Yiyun Textile Co...
The gold price in Hong Kong went down 70 HK dollars to 8,767 HK dollars per tael on Monday, according to the Bank of China (Hong Kong). The price is equivalent to 950.55 U.S. dollars a troy ounce, down 7.46 U.S. dollars at Monday's exchange rate of one U.S. dollar against 7.742 HK dollars. Source: CRIEnglish &nb...
Crude oil price touched 54 U.S. dollars a barrel on Monday, gaining support from a huge rally in U. S. stocks prompted by White House's latest bank plan and upbeat housing sale data. Light, sweet crude for May delivery rose to as high as 54.05 dollars a barrel before retreating to settle at 53.80 dollars a barrel, trading up 1.73 dollars, on the New York...
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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