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Singapore and eastern China's Jiangsu province have increased their bilateral ties by signing 20agreements worth about 2.03 billion U.S. dollars and identifying economic cooperation areas on Friday. Among the 20 agreements signed on the sidelines of the second Singapore-Jiangsu Cooperation Council meeting is a landmark memorandum of understanding (MOU...
Hong Kong's total goods exports grew 9.4 percent year on year to 276.9 billion HK dollars (35.73 billion U.S. dollars) in October, also up from 3.6 percent in September, revealed the Census and Statistics Department on Thursday. However, the department indicated that the global financial crisis has mutated into a synchronized global economic downturn,...
China has sold a total of 325.4 billion yuan (47.64 billion U.S. dollars) of welfare lottery over the past 21 years, the country's lottery watchdog said on Thursday. Of the sales, 109.6 billion yuan was earmarked for national public welfare fund, said Feng Lizhi, vice director of the China Welfare Lottery Management Center. The fund was mainly use...
A latest survey by the European Chamber of Commerce in China shows that European small and medium sized enterprises are optimistic for their prospect of success in China operations. The Chamber released its fifth business confidence report on Nov.25 in Beijing. Seventy percent of the respondents are SMEs. They regard their operation in China as a cruc...
Xuzhou Construction Machinery Group (XCMG), China's biggest construction machinery maker, expects its overseas sales to grow 25 percent next year to 1 billion U.S. dollars despite the global financial crisis, China Daily reports on Thursday. The southern Jiangsu-based group estimates a 800 million U.S. dollar overseas sales this year, and hopes t...
The Indonesian government will push state-owned companies to double expenditures to keep the economic downturn from accelerating, according to local media on Thursday. We will push capital expenditures higher,the Jakarta Globe daily quoted State Minister for State Enterprises Sofyan Djalil as saying. The capital expenditures of 35 major state-owne...
The portfolio value of private banking clients has recently increased in Romania, as businesspeople would rather have lenders manage their savings amidst the current financial crisis and wait for a more appropriate time for new transactions. We are managing assets 25 percent higher than at the end of last year, Octavia Cutus, Raiffeisen Bank's manager ...
Linda Zhou, board chairman of the Neoglory Holdings Group in Yiwu in eastern China Zhejiang Province, saw tough times were coming as long as seven months ago. I visited one of my client's shops in the United States in April and was told that there were only about 40 customers a day with daily sales of 4,000 to 5,000 U.S. dollars in April. In normal ti...
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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