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About two thirds of China's major steel mills were in the red in November, suffering from high prices in raw materials and the decreasing prices of steel products. Forty-eight out of 71 large and medium-sized domestic steelmakers saw a loss in November (six more than in October), with total losses for the month in the neighborhood of 12.77 billion yuan...
The value of Hong Kong's total exports and imports dropped 5.3 percent and 7.9 percent respectively in November on the same month last year in the global economic downturn, revealed the Census and Statistics Department in Hong Kong Monday. The value of exports was 231.2 billion HK dollars (30 billion U. S. dollars) while imports value was 239.3 billion...
Among the emerging markets, Asia is in the best position to absorb the shocks of the recent financial crisis, said Gerard Lyons, chief economist of Standard Chartered in his recent analysis report. There are big differences between the advanced economies and some of the emerging countries, particularly in Asia and the Middle East, Lyons said. He noted ...
China's insurance sector is expected to have a good prospect in premium income this year while suffering from tumble of investment profit. The total premium income of China's insurance industry is expected to reach 1 trillion yuan in 2008, Wu Dingfu, chairman of China Insurance Regulatory Commission (CIRC), told an annual national insurance meeting he...
Beijing reported 18.01 billion U.S. dollars worth of imports and exports in November, down 5.4 percent from the same month last year. The negative growth is the first since August 2002, a source from Beijing Customs said Thursday. The global financial crisis also pulled down the growth rate of foreign trade in Beijing by 51 percentage points compa...
Figures from Ministry of Agriculture show that China's aquatic products output will reach 48.9 million tons for 2008 and aquatic exports have increased by 9.8 percent to 7.65 billion USD in the first three quarters of the year. Freshwater aquaculture contributes the most to the output. By the end of October, the price hike had driven the freshwater aq...
On December 25, the Shanghai Institutes for International Studies held a press conference in Shanghai and released a research report entitled Beijing Summit of Forum on China-Africa Cooperation: Evaluation and Outlook. The report reviews the development of the international environment as well as the situations in China and Africa starting in Nove...
The Bureau of Industry and Security and Minority Business Development Agency, both part of the U.S. Commerce Department, this week agreed to work more closely together to educate minority-owned businesses about the importance of compliance with the country's export control regulations. According to a recent report, minority-owned firms are tw...
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