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The China currency manipulation comment by the US Treasury Secretary-designate Timothy Geithner has sparked worries that China would face increasing pressure from US trade protectionism, Chinese economists said. This is the first comment made by the Obama administration on Sino-US economic ties, said Cao Honghui, a researcher with the Institute of Fina...
China has extended its crackdown on porn to online games after shutting down 1,250 websites for containing explicit pornographic content. The Ministry of Culture said in a notice posted on its website Thursday that the ministry had already blacklisted a number of online games, including the
China's semiconductor market is expected to shrink 5.8 percent in 2009, the first significant setback for the industry, said a market report released on Friday. Total sales of chips is forecast to drop to $72 billion in 2009 from $76.5 billion a year before, US-based market research firm iSuppli said in its latest report. The project sales fall woul...
China Petroleum and Chemical Corporation (Sinopec), Asia's largest refinery by output, expected its net profit to drop more than 50 percent in 2008 from a year earlier because of a heavy refining loss, the company said in a notice to Shanghai Stock Exchange on Thursday. The company attributed the sharp decline to a huge refining loss caused by the wid...
China's three leading mobile operators are expected to invest a total of 170 billion yuan (24.87 billion U.S dollars) in construction of third-generation mobile communication networks this year, the Ministry of Industry and Information Technology said Thursday. China Mobile, the country's biggest operator is to invest 58.8 billion yuan in building 60,...
China's textile export would not show a sharp increase after the termination of license management system on textiles exported to the US and Europe, said a foreign trade official with China’s Ministry of Commerce recently said . Meanwhile, China's textile industry is under dual pressure from weakening demand at home and abroad. After the integration of...
The Ministry of Industry and Information Technology said on January 22 that in 2009 the total investment in 3G construction is expected to be 170 billion yuan, of which an investment of almost 120 billion yuan has been already initiated recently or is going to be initiated soon. The investment will make positive contributions to expanding domestic dem...
The Australian Prime Minister Kevin Rudd said on Thursday his government and banks were working together to ensure that enough credit was available for businesses to thrive. Speaking at an Australia Day function in Melbourne, Rudd underlined the importance of restoring credit systems across the globe. Credit flows are the blood that flows through ...
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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