China's outbound direct investment (ODI) in the non-financial sector saw an increase of 13.1 percent year-on-year to $5.27 billion in the first two months, the Ministry of Commerce (MOC) announced Tuesday. During the January-February period, Chinese entrepreneurs invested in 680 overseas enterprises in 88 countries and regions,said Yao Jian, spokesman fo...
The Libyan turmoil will not hurt China's investment and business in Africa as a whole, although investment activities have been halted after the breakout of the unrest, officials and experts said. Early on Sunday, Western countries, including the United States and France, launched airstrikes and fired cruise missiles, a month after the unrest erupted in ...
China took a fresh step on Monday to promote use of the yuan outside the mainland, giving approval to another batch of overseas banks to trade in the onshore bond market using yuan accumulated overseas. Eight more banks may now trade in the onshore interbank bond market using yuan in deposit accounts in Hong Kong, following an earlier group of seven insti...
Japan's devastating earthquake and tsunami will harm the country's economy, but only temporarily, Haruhiko Kuroda, President of the Asian Development Bank, said Tuesday in Beijing. The disaster's negative impact on Japan's economy will materialize in the first half of this year, but will be short-lived, Kuroda told Xinhua. "Japan's economic growth ...
China WindPower Group Limited, an investment holding company mainly engaged in wind power business and industry, said on Tuesday that it has proposed to conduct an international offering of RMB-denominated guaranteed bonds, targeting certain qualified institutional investors in Asia and Europe. The net proceeds of the mulled bond issue should be used for ...
China UnionPay Co. Ltd. (CUP), a bankcard services provider, said Tuesday it has reached an agreement with Taiwan-based Chinatrust Commercial Bank (CTCB) that further expands the acceptance of CUP bankcards by merchants in Taiwan. CUP cards will be accepted by 10,000 point-of-sale (POS) machines of the CTCB within this year, up sharply from the current nu...
The rising price of oil, gas and other commodities, because of rising demand as reconstruction work begins in Japan, will keep China's inflationary pressure at a high level, World Bank economists said on Monday. "Japan's demand for commodities in the aftermath of the recent disasters will add to the already high-level of demand for commodities," said V...
The total value of China's newly signed overseas contracts fell 5 percent year on year to 17.76 billion U.S. dollars in the first two months, said Yao Jian, spokesman of the Ministry of Commerce, Tuesday. During the Jan.-Feb. period, the total turnover of China's contracted projects overseas surged 5.5 percent year on year to reach 9.88 billion U.S. dol...
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