We need to be able to control our energy as easily as we are able to control an iPod, Noel Girard, Schneider Electric's strategic marketing vice-president told delegates to the global energy management company's conference and trade show. Billed as Initiative-Solution Day, the event saw 3,000 of the company's customers and university specialists gather t...
China Southern Power Grid (CSG), the second largest electricity distributor in China, will invest 71 billion yuan this year in its 20 key projects. About 62.2 billion yuan will be invested to reconstruct urban grids and upgrade grid infrastructure in rural areas. Roughly 8.8 billion yuan will be invested in constructing new power grids. The investment w...
China Resources Snow Breweries (Snow), the nation's largest brewery by annual output, said it has made an offer to buy Shandong-based Amber Breweries (Amber) for 285 million yuan to enhance its presence in the Shandong market dominated by Tsingtao beer. The proposed acquisition calls for the setting up of a joint venture in which Snow will own a 90 perce...
If the United States banned imports of China's cooked poultry products, the move would disturb bilateral trade environment and affect the two country's trade policies, said the Ministry of Commerce (MOC) on Monday. On March 10, the U.S. Senate passed a 410-billion-U.S.-dollar spending bill to keep the government operating until fiscal year 2010 begins...
Ministry of Commerce (MOC) spokesman Yao Jian said Monday that Coca-Cola's bid to acquire China Huiyuan Juice Group was still being reviewed, with reference to an anti-monopoly law that took effect last year. Yao told reporters that the ministry's investigation and review of the proposed transaction, which started Nov. 20, would finish on March 20. ...
China's Ministry of Railways (MOR) signed a deal with state-owned vehicle producer CNR Corporation Limited (CNR) in Beijing Monday to purchase 100 high-speed CRH trains for 39.2 billion yuan (about 5.74 billion U.S. dollars). CRH, an abbreviation for China Railway High-speed, refers to trains with speeds above 200 km per hour. With a designed speed of ...
Tibet has long been known as a holy place, remote from the changes sweeping much of China. But rapid economic growth is also transforming the plateau region and creating a new breed of native entrepreneurs. One such businessman is Dawa Dondrup. Except for the view of snow-capped mountains out the window, the Lhasa office of the 46-year-old Tibetan entrepr...
The Chinese Ministry of Commerce issued today regulations of overseas investment in a bid to encourage Chinese companies to be more ambitious on going international and improve their compliance with laws of host countries and their performance on corporate social responsibility. According to the rules, the Ministry of Commerce will only review application...
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