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The global supply chain disruption following the earthquake and tsunami in Japan has sent shockwaves through auto makers in China, especially companies that are funded by Japanese car makers. Many Japanese carmakers and parts producers have shut down operations because the disaster on March 11 damaged factories and infrastructure and caused delays in the ...
China National Machinery Industry Corp (Sinomach), the biggest machinery manufacturer in China, has acquired the agricultural machinery-parts maker, McCormick France SAS. The deal - worth 8 million euros ($11.19 million) - was made through a Sinomach subsidiary, as the company aims to strengthen its dominant position in the domestic high-end tractor market....
More US businesses in China said they were profitable last year even as they are still worried about the prospects of local market access, the American Chamber of Commerce in China (Amcham) said on Tuesday. Seventy-eight percent of member companies surveyed by Amcham said their China operations in 2010 were very profitable or profitable, the highest prop...
World construction industry has seen signs of warming up as the world's largest construction trade show opened here Tuesday with more Chinese manufacturers showing their growing presence in the market. CONEXPO-CON/AGG 2011 and IFPE 2011 opened their doors for a five-day run as the global industry gathering for the year and the largest gathering in North ...
South Korea, China and Japan will conduct a feasibility study on a three-way free trade agreement next week, the trade ministry here said Wednesday. Some 90 officials from the three countries will join a three-day meeting, the fourth of its kind which was initially launched in 2010, next Wednesday in South Korea's southern island of Jeju to discuss a dra...
GLOBAL merchandise trade grew 17 per cent in the fourth quarter of 2010 compared to the same period in 2009 reaching US$4.1 trillion, slightly up on previous quarter, reflected in air freight and sea freight volume increases. Despite 70 countries, 90 per cent of world trade, dipping trade in December 20 per cent overall year-end value, as opposed to volu...
China's Xinjiang Uygur autonomous region will allow lower-level economic planning agencies in the region to approve foreign investments of up to $100 million, local authorities said Monday. Xinjiang's prefecture and municipal-level development and reform commissions and state-level development zone management are currently empowered to approve foreign i...
The Chinese currency, or the yuan, on Tuesday strengthened 40 basis points to a new high of 6.5592 per US dollar from Monday. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each trading day. The central parity rate of the RMB against the US dollar is based on a weighted average of prices befo...
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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