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Major indices tracking the performance of China-related companies listed on the Hong Kong Stock Exchange all closed sharply lower on Wednesday. The Hang Seng China Enterprises Index on the Hong Kong Stock Exchange slumped 275.06 points, or 3.93 percent, to close at 6,730. 82. The H-shares index, initiated in August 1994 and readjusted on Jan. 5, 2...
Due to gloomy import and export prospects, China's tariff revenue, which has shown many years of consecutive annual growth, is faced with serious challenges this year, according to the website of China's General Administration of Customs (CGAC). CGAC announced on January 14 that China's total tariff revenue for 2008 was 916.11 billion yuan, up by 157.6...
Hong Kong's volume of total goods exports plunged 7.1 percent in November from the same month in 2007 while the volume of imports sank 9.8 percent, revealed the Census and Statistics Department here Tuesday. The price of total goods exports grew 4.1 percent while the price of goods imports increased 3.1 percent, according to the department. The cu...
Due to gloomy import and export prospects, China's tariff revenue, which has shown many years of consecutive annual growth, is faced with serious challenges this year, according to the website of China's General Administration of Customs (CGAC). CGAC announced on January 14 that China's total tariff revenue for 2008 was 916.11 billion yuan, up by 157.6...
Hong Kong's volume of total goods exports plunged 7.1 percent in November from the same month in 2007 while the volume of imports sank 9.8 percent, revealed the Census and Statistics Department here Tuesday. The price of total goods exports grew 4.1 percent while the price of goods imports increased 3.1 percent, according to the department. The cu...
The World Trade Organization (WTO) decided on Tuesday to establish an expert panel to investigate the legitimacy of U.S. anti-dumping and countervailing duties on Chinese exports. The decision was made following a request by China, which has expressed deep concerns about the compatibility of the measures with U.S. obligations in the WTO. It usuall...
China National Offshore Oil Company Limited (CNOOC Ltd.) announced Tuesday that the company will increase its capital expenditure by 19 percent year on year to 6.76 billion U.S. dollars in 2009 to boost output and reserves growth. In a circular released on its website about the company's business strategy and development plan for year 2009, CNOOC Ltd....
The Monetary Authority of Hong Kong (HKMA) signed a currency-swap agreement with the People's Bank of China, or the country's central bank, here Tuesday. The currency-swap pact was one of the 14 measures in seven areas the Chinese central government announced last month to support Hong Kong's financial stability and economic development. John Tsa...
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