Trade News

China Welcomes New Energy Cooperation with Multinationals Mar 19, 2009

Vice Premier Li Keqiang said Wednesday that China welcomed expanded cooperation with multinationals to develop new energy sources. Li made the remarks when meeting with Charles Holliday, chairman of the board of U.S.-based chemical company DuPont. China has taken measures to cope with the impact of the international economic situation, Li said. Li sai...

India Extends Zero Customs Duty, Ban on Pulses Export for a Year Mar 19, 2009

India Wednesday extended the import of pulses at zero customs duty and the ban on exports on the products for another fiscal year due to decline of the mass consumption food product in the country. The decision today is to extend zero duty on import of pulses for one more year beyond March 31, 2009. Pulses can now be imported at zero duty for one more yea...

China's Steel Exporters Face Grim Conditions: Expert Mar 19, 2009

China's steel exports could contract 80 percent by volume this year, more than the previously forecast 50 percent, a senior domestic industry expert told an industry conference Wednesday. Shan Shanghua, secretary-general of the China Steel Industry Association, said steel exporters faced a grim situation as the world economy remained weak. Customs st...

Allure of US Treasuries set to fade Mar 18, 2009

Holdings of US Treasury bonds rose in January, but the increase is the slightest since last June, indicating the country's appetite for the securities is set to diminish as a result of the falling trade surplus and rising concern over investment security. The country's reserves of US Treasuries rose by $12.2 billion to $739.6 billion by the end of Janua...

CCB to tread carefully on acquisitions Mar 18, 2009

China Construction Bank (CCB), the country's second largest lender by market value, will tread cautiously on overseas acquisitions this year, Guo Shuqing, chairman, CCB told China Daily. The global financial crisis is far from over and a lot of things are still uncertain. We will not make hasty decisions on overseas acquisitions under such circumstance...

Pay freezes hit HK companies Mar 18, 2009

The trend of having pay freeze and flexible incentive schemes was spreading among local companies, said the Hong Kong Institute of Human Resource Management (HKIHRM) when making its survey results public on Tuesday. In its January 2009 Pay Trend Survey, the HKIHRM surveyed 125 prominent Hong Kong companies from 17 business sectors. Of the 45 companies t...

Great Wall Motor Company to export 3,300 pickups to Libya Mar 18, 2009

Great Wall Motor Company (GWM) has won an overseas government procurement order to supply 3,300 pickups, according to news from GWM's headquarters, located in Baoding, Hebei Province. The vehicles will be loaded onto a vessel in the Tianjin Port and shipped to Libya. In February this year, GWM signed a procurement order for pickups with the Libyan gove...

CNOOC's OML130 project put into operation Mar 18, 2009

The China National Offshore Oil Corporation (CNOOC) recently announced that the Akpo deepwater oilfield of the OML130 project in Nigeria has been successfully put into operation. CNOOC holds a 45 percent share in the OML130 project. The oilfield is 200 kilometers off the coastline of Nigeria, and it has been proved that the probable reserves are estimated...

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Transportation Center Connecting Asia and Europe Market

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.

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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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