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The Cambodian National Assembly (NA) has approved deals with two Chinese companies on Tuesday for construction of four hydro-electric dams in Koh Kong province, national media said on Thursday. The investment stands at more than 1 billion U.S. dollars in total, English-Khmer language newspaper the Cambodia Daily quoted Ith Praing, secretary of state a...
Retail sales rose 13 percent year-on-year in the three-day New Year holiday, China's Ministry of Commerce (MOC) reported on Sunday. The 1,000 retail enterprises involved in the calculation reported total revenue of 12.5 billion yuan (1.83 billion U.S. dollars) from Jan. 1 to Jan. 3. An unidentified official from the MOC Market Operation division sa...
Major Chinese lenders are expanding a preferential policy on house loan interests to cut the burden of the country's home buyers hit by the spreading financial crisis. For individuals who bought houses on mortgage lending before Oct. 27, 2008 and have not paid off the loans, their credit interest rates could be reduced to 70 percent of the benchmark ra...
The Office of the U.S. Trade Representative and U.S. Department of Agriculture on Monday signed a protocol to the 2005 U.S.-Russia Agreement on Trade in Certain Types of Poultry, Beef and Pork. The protocol makes adjustments to the in-quota quantity and out-of-quota tariff on U.S. pork and poultry exports to Russia. “The United States is ver...
A free trade agreement entered between the United States and Oman becomes effective Jan. 1. U.S. Trade Representative Susan Schwab called the agreement “an important step” in advancing the Bush administration’s Middle East Free Trade Area (MEFTA) initiative. The Oman agreement also builds on U.S. free trade agreements concluded with Isr...
For the first time in a decade, China’s textile industry won't see profit growth. Slowing overseas demand for Chinese textiles in 2008 saw the industry make 1.8 percent less in profits from January through November, according to numbers from China’s National Bureau of Statistics. The numbers for December are not expected to salvage the year. I...
Profits of China's state-owned enterprises declined for four consecutive months since August, due largely to high stockpiles and weaker demand during the global financial crisis, sources with the Ministry of Finance said on Sunday. State-owned enterprises nationwide saw 19.09 trillion yuan (2.79 trillion U.S. dollars) in business revenues between Janu...
The global economic downturn had cooled off the retail sales in Hong Kong, a free port known for its convenience for shopping. The value of total retail sales in the cosmopolis moved up only 1.1 percent over a year earlier to provisionally estimated 20.5 billion HK dollars (2.65 billion U.S. dollars) in November, revealed the Census and Statistic...
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