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China's top economic planner Thursday ordered crackdown on hoarding of daily necessities amid a salt panic spreading throughout the nation. The National Development and Reform Commission said in an urgent notice issued Thursday that local price control authorities should counter rumors about shortages of daily necessities and hoarding of these goods. I...
China's major home appliance maker GD Midea Holding Co., Ltd., posted a 69.24 percent year-on-year net profit jump in 2010. In its annual business report filed to the Shenzhen Stock Exchange Thursday, the company said its net profit hit 3.13 billion yuan (about 476 million U.S. dollars) last year. Midea's operating revenue increased 57.7 percent from ...
JAPANESE QUAKE MAY DISRUPT AUTO PRODUCTION IN CHINA The devastating earthquake and subsequent tsunami in Japan last week may disrupt auto production at two joint ventures in central China's Hubei Province -- Dongfeng Nissan and Dongfeng Honda, sources with the two companies said Thursday. Though the two plants remain operational, their management feare...
he 9.0-magnitude earthquake that struck Japan last Friday may have impact on Malaysia's automotive and electronics sectors. Malaysian Deputy International Trade and Industry Minister Mukhriz Mahathir told reporters in Kuala Lumpur on Thursday that there might be slight slowdown in terms of export of cars to Malaysia. "We are monitoring it, from within ...
One of the biggest tanker owners in China, Nanjing Tanker Corporation (NJTC), has signed a 2011 chemical water transportation COA with Fujian Refining & Petrochemical Company (FREP) this week. According to the contract, the Fujian company will provide some 300,000 tons of chemical products to Nanjing Tanker. FREP is a large-scale petrochemical enterp...
BYD Co Ltd, a Chinese carmaker backed by US billionaire investor Warren Buffett, expects its auto sales to rise up to 15 percent in 2011, in line with the market. On Sunday, the company reported a worse-than-expected 94 percent drop in fourth-quarter earnings, sending its stock down as much as about 10 percent on Monday morning, its lowest in about two w...
The turmoil in Libya will not affect Chinese oil firms' investment in Africa, and the decreasing asset valuation in the region may instead open up buying opportunities for domestic companies, Citigroup said on Tuesday. "The problem is only in Libya. Whatever the resolution of the political unrest is, we remain confident that Chinese assets and interests ...
Trading of shares in China's largest meat processor was suspended Wednesday after an illegal additive was allegedly found in meat products in an affiliate of the company. Shares of Shenzhen-listed Henan Shuanghui Investment & Development Co Ltd were suspended from being traded at 9:30 am after China Central Television reported one of its affiliate, J...
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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