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Suning Appliance, a major electric and white goods retailer in China, said yesterday it will open 200-odd stores and set up five more logistics bases nationwide next year. The aggressive expansion move amid an economic downturn and dwindling domestic demand, is seen as part of Suning's efforts to erode the dominance of its troubled arch-rival Gome Elec...
China has reimposed a ban on chicken and other poultry imports from Thailand, because of fears they may be contaminated with bird flu virus. It comes only shortly after China removed the ban on Oct. 16. The General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ) and the Ministry of Agriculture issued a joint announcement ...
A senior Chinese official said in Beijing on Thursday that China and the United States have reached consensus in five major areas to step up energy and environmental protection cooperation during the on-going fifth round of the Strategic Economic Dialogue (SED). Zhang Xiaoqiang, vice minister in charge of the National Development and Reform Commission...
Dalian, China's information technology outsourcing hub, yesterday opened a software park in Tokyo, Japan, the first such facility set up by a Chinese city overseas. Dalian is a major software outsourcing base for Japan due to its geographical proximity and skilled workforce. The park is expected to strengthen Dalian companies' ties with clients in Japa...
Turkish Airspace Industries (TUSAS) and European aircraft manufacturer, Airbus, signed a deal worth 500 million U.S. dollars on Thursday for TUSAS to produce airplane parts. Under the agreement, State-owned TUSAS will design and manufacture ailerons for the Airbus A350 model, TUSAS chief executive Atalay Efeer was quoted by the semi-official Anatolia ...
Finnish mobile phone maker Nokia cut further its global handset market forecast for this year's final-quarter and expected the market would decline in the next year due to the world economic slowdown, according to reports reaching here from Helsinki Thursday. Nokia, the world's largest mobile phone maker, estimated that mobile phone market volumes in ...
Renault CEO Carlos Ghosn said on Thursday the company could further reduce its production in 2009 if the decline of the auto market continues. The leader of the second carmaker of France made the remarks after the announcement of a 26 billion euros (32.81 billion U.S. dollars) stimulus plan by French President Nicolas Sarkozy earlier in the day, which...
HONG KONG -- Beijing has for the first time become more expensive than Hong Kong for foreigners as a result of surging inflation on the mainland and appreciation of the yuan, a survey showed on Thursday. Rising costs pushed Beijing up to 31st place from 101st a year ago and Shanghai to 35th place from 106th, according to the survey by London-based ECA ...
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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