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Miao Wei, Vice Minister for the Ministry of Industry and Information Technology (MIIT), recently said at the national working conference on gold that the main goal of the gold industry in 2009 is to add 800 tons of gold to the reserves. Miao said that in 2009, gold output should reach 290 tons; newly-added gold reserves should reach 800 tons; the output a...
Dutch chemical manufacturer DSM has acquired a 9.77 percent share in North China Pharmaceutical Group Corporation (NCPC) of Shijiazhuang, Hebei Province, an official with the NCPC said Friday. The official said DSM, NCPC and its Shanghai-listed subsidiary NCPC ListCo signed the investment contracts Thursday. DSM spent 827 million yuan (121.1 million U.S...
Alibaba.com, a leading global business-to-business e-commerce company, said in its financial report it added more than 126,000 paying members last year, a record rise of 41 percent. The financial report, published in Hong Kong Thursday and available on its website, said the online trading company's paying members increased to 432,031 as of Dec. 31, 2008,...
China hopes the United States will guarantee the security of the Chinese assets and investments in the U.S., China's Foreign Ministry reiterated on Thursday. Foreign Ministry spokesman Qin Gang made the remarks in response to a question on the decision of the U.S. Federal Reserve Wednesday to spend up to 300 billion U.S. dollars to buy long-term govern...
Zhou Deshun looked disheartened at his store in Suifenhe, a small city near the Chinese-Russian border, as there was not even a single customer for almost a whole day. Business is hard hit this year as there are much fewer Russian customers because of the deepening financial crisis, said Zhou, who engaged in border trade in the northeastern province of He...
Canada's annual inflation rate rose to 1.4 percent in February from 1.1 percent in January, government agency Statistics Canada reported on Thursday. It was the first increase in the cost of living in five months, mostly due to higher food and housing prices, the agency said. The rise in the overall cost of food was fuelled by a 25.8 percent jump in fr...
Production has begun at a gas field under the management of the China National Offshore Oil Company Limited (CNOOC Ltd.) in the South China Sea, the company announced Thursday. The PanYu (PY) 30-1 field was yielding about 30 million cubic feet of natural gas per day, said a statement on the company website. The daily gas production of PY30-1 would gradu...
The aggregate profit of China's non-ferrous metal producers fell 45 percent last year to 80 billion yuan (11.73 billion U.S. dollars), the China Nonferrous Metals Industry Association said Thursday. Kang Yi, director of the association, said the slump mainly reflected declining demand amid the world downturn, which had worsened since the fourth quarter. ...
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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