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South China's Guangdong province realized imports and exports worth $634 billion in 2007. The figure is equal to China's total imports and exports in 2002 and it surpassed Russia and Spain to be ranked the 13th in global trade volume in 2007. The figure is also very close to the volume of South Korea in 2006. Guangdong's foreign trade has maintained...
The National Development and Reform Commission (NDRC) said yesterday it would remove the pricing caps on coal from next year and adopt a market-oriented pricing mechanism. China had established pricing caps on coal to prevent prices from rising higher than the price on June 19. The removal of pricing caps would come into effect from next year, ...
Lenovo Group is reportedly bidding for acquiring Brazil's largest PC maker Positivo Informatica, which may be the largest overseas acquisition by the Chinese champion PC maker since it bought IBM's PC arm in 2005. The deal, if successful, could help Lenovo speed up its expansion in the emerging market at a time when the PC markets in major developed co...
Japan's Mitsubishi Motors will recall 12,985 vehicles imported to China starting Dec. 18 because of problems with the brake lights, the General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ) announced here on Tuesday. The problematic vehicles include 6,090 Grandis produced between Nov. 23, 2006 and Dec. 28, 2008 and 6,895 Ou...
China's State Administration of Traditional Chinese Medicine (SATCM) on Tuesday blacklisted 74 websites for selling fake Chinese herbal medicine. Names of those sites have been made public on SATCM's website at www.satcm.gov.cn . Consumers are warned of buying any type of medicine from organizations such as the International Diabetes Institu...
China vows to punish pharmacists and illegal drug dealers for selling medications containing codeine without a doctors' prescription. Yan Jiangying, spokeswoman of the State Food and Drug Administration (SFDA), said on Monday, if caught, pharmacies would have their licenses revoked. She did not elaborate further on other consequences. Codeine,...
China's quality supervisor is suspending the import of Irish pork products and animal feed over concerns the food may be contaminated with a potentially harmful chemical. The General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) also urged local entry-exit inspection and quarantine inspectors to recall and return pork produc...
Deloitte Touche Tohmatsu (Deloitte), one of the world's most profitable accounting and consulting firms, opened a new branch in Hangzhou, capital of east China's Zhejiang Province on Tuesday. The move indicated Deloitte's confidence in China's market despite the global financial crisis, said Chris Lu, chief executive officer of Deloitte China. Thou...
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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