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China's listed commercial banks will be allowed to trade bonds on the country's exchanges for a trial period of unspecified length, ending a ban imposed in 1997, securities regulators said. Banks will need approval from the China Banking Regulatory Commission (CBRC) and then apply to stock exchanges for such trading, according to a web notice posted M...
Angola has become China's largest trade partner in Africa,Chinese Minister of Commerce Chen Deming said during a meeting with Angolan Prime Minister Antonio Paulo Kassoma held on January 18. China is willing to strengthen the cooperation between the two parties in fields including agriculture, infrastructure, public health and human resources, in joint ef...
SHANGHAI: Baosteel has abandoned a proposed joint venture to build a steel mill with Brazilian mining firm CIA Vale do Rio Doce due to weak market demand and local opposition. Last Friday, the Brazilian company said it had agreed with the Chinese steelmaker to drop the project and liquidate Companhia Siderrgica Vitria (CSV), the joint venture set up fo...
SHANGHAI: Baosteel has abandoned a proposed joint venture to build a steel mill with Brazilian mining firm CIA Vale do Rio Doce due to weak market demand and local opposition. Last Friday, the Brazilian company said it had agreed with the Chinese steelmaker to drop the project and liquidate Companhia Siderrgica Vitria (CSV), the joint venture set up fo...
The Shanghai municipal government and the Walt Disney Co. have reached an agreement concerning the major issues of building the first Disneyland on the Chinese mainland, mayor Han Zheng said Saturday. The project should be approved by the State Council (China's Cabinet) before it is carried out, Han told a press conference held in Shanghai, without di...
Product recalls, rising production costs and the global financial crisis caused almost 1,000 Chinese toy exporters in just one province to shut down last year. According to data released Saturday by Huangpu Customs, 922 toy exporters in Guangdong Province closed operations in 2008. That leaves the area with 2,167 toy exporters compared with the 3,...
PT Unicor Prima Motor (UPM), the sole agent for Chinese car maker Chery, will put a model of multi purpose vehicle (MPV) B14 on to the Indonesian market to strengthen its branding, the Indonesian Business daily reported Saturday. The new model of Chery, namely B14, has an engine of 2,000 cc -2,400 cc and a capacity of seven seaters. UPM plans to begin...
China's foreign sales of toys grew at a much slower pace in the first 11 months of 2008, due mainly to shrinking demand from major markets in the ongoing global financial crisis, the General Administration of Customs said on Saturday. Between January and November 2008, China sold abroad 8.04 billion U.S. dollars worth of toys, up 2.5 percent on the sa...
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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