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China-U.S. bilateral trade expanded 10.5 percent last year to 333.74 billion U.S. dollars, the smallest increase since China joined the World Trade Organization seven years ago, official data showed Friday. The General Administration of Customs said the figure included 252.3 billion U.S. dollars in exports from China, up 8.4 percent, and 81.44 billion ...
The Intel Corporation has decided to invest an additional 110 million USD in registered capital in Shanghai-based Intel China Ltd. that specializes in investments, according to news released by the Shanghai Municipal Commission of Commerce on February 5. The move is meant to beef up the company's investment business in Chinaon. Intel will further integ...
Sinopec Corp, China's largest refiner, is in talks to buy the 20 percent stake held by Spanish construction company Sacyr Vallehermoso in oil and gas firm Repsol YPF. State-owned Sinopec is looking to buy the stake at 26.7 euros per share, a near 60 percent premium to its market price at present, the Shanghai-based National Business Daily reported yes...
Foreign trade operators will be allowed to register at city-level commerce authorities this year, so that it will be easier for them to enter the business, China’s Ministry of Commerce announced on February 2. The document issued by the Ministry on Jan. 23, 2009, reiterated the criteria and procedures of establishing registration offices at local leve...
China Mobile Chairman Wang Jianzhou said at the World Economic Forum in Davos that the company plans to increase mobile phone subsidies by 25 percent this year, from an average of around 8 billion yuan in previous years to around 10 billion yuan. This is expected to attract more customers to use third-generation (3G) services. Wang said, To advan...
China overtook the U.S. in vehicle sales for the first time last month, putting it on track to become the world's largest auto market this year, according to a forecast by leading auto-maker General Motors. In a monthly conference on Tuesday, Mike DiGiovanni, General Motors executive director of global market and industry analysis, said China sold abou...
Industrial and Commercial Bank of China (ICBC) said Thursday that new mortgage loans in January 2009 amounted to 13.2 billion yuan ($1.93 billion), or 20 percent of the total in 2008. The bank said the strong demand for mortgage borrowing at the beginning of 2009 resulted from the government's economic stimulus package which, among other things called ...
Intel, the world's largest chipmaker, announced on Wednesday a major reshuffle of its business in China that would see a Shanghai plant closed and its Assembly and Test operations (ATM) transferred from Shanghai to Chengdu. The move is expected to affect 2,000 Shanghai employees, Reuters reports. The company says the reorganization is an attempt to...
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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