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Vietnam's industrial output is expected to reach 601,478 billion Vietnamese dong (about 35 billion U.S. dollars) in the first 11 months this year, an increase of 15.5 percent over the same period last year, the local newspaper People's Army reported on Thursday, citing the source with the Ministry of Planning and Investment (MPI). In November alone, t...
The State Council has approved the operational payment budget for centrally-administrated State-owned enterprises (SOEs) of 54.78 billion yuan ($8.02 billion) for 2008, according to the website of the State-owned Assets supervision and Administration Commission of the State Council (SASAC) on Wednesday. According to the announcement, some 27 billion yu...
China Export and Credit Insurance Company (Sinosure), the country's only insurer specializing in export credit insurance, reported a 174 percent growth in claims in the previous ten months this year, the company's top management said Wednesday. The insurer has paid 150 million yuan to enterprises by the end of October, showing the soaring risks for Chi...
Japan's Toray Industries Inc. announced on November 25 that it will set up a joint venture in China with a local large-scale water treatment enterprise, China National BlueStar (Group) Company, to establish a factory that produces water treatment membranes used for purifying wastewater discharged from factories. Toray's total investment is estim...
The authorities are calling for more foreign investment in road and port construction next year, in line with plans to spur domestic demand in the sector, a transport official said yesterday. Road and port infrastructure projects will need 1 trillion yuan ($147 billion) of investment next year, up from about 800 billion yuan needed this year, Li Xinghu...
Chinese exporters warned Monday that a possible decision made by the European Union (EU) to impose anti-dumping duties on Chinese-made fasteners will hurt both sides and may fuel tensions between the two trading powers. BOTH SIDES LOSE The duties will not only deny Chinese exporters the access to the EU market, but also increase costs for European...
Coal prices have fallen dramatically in China due to the global economic downturn and dwindling domestic demand. Analysts and traders are now warning producers to cut production so that the coal surplus does not drive prices down further. Coal prices at Qinhuangdao port, China's largest coal port, dropped by 25 percent over the past two weeks and co...
Russia's energy negotiators have started week-long talks with Chinese representatives in a bid to achieve consensus on loans-for-oil deals between the two countries. The parties attending the negotiation, Russian Rosneft and Transneft, have resumed talks on loans for the delivery of Russian oil to China with China National Petroleum Company (CNPC), Chi...
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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