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The China Association of Small and Medium Enterprises (CASME) has initiated a 3-billion-yuan (439.2 million U.S. dollars) venture investment fund as a step to help the country's SMEs raise capital, the body announced in its website on Monday. The fund will be established by the end of this year. Other efforts include the joint issue of an SME corpo...
The spreading global financial crisis and economic slowdown are having bigger negative impact on Chinese economy, vice premier Zhang Dejiang said on a weekend inspection tour to central province of Hubei. Zhang, who aims to learn about performance of the industrial sector during the trip, urged the local officials to give strong support to key enterpri...
Lawrence H. Summers, a former Secretary of Treasury, was named Director of the National Economic Council by president Barack Obama on Monday. Summers, 53, currently a professor at Harvard University, will be Obama's top economic advisor at the White House. He served as Secretary of the Treasury from 1999 to 2001 under Bill Clinton and as president...
Samsung, Panasonic, Nokia and other leading foreign brands were on the list of Chinese subsidized household appliance project for farmers in the country's vast rural areas. According to the bidding result announced by the China National Electronics Import and Export Corp. over the weekend, 155 domestic and foreign companies participated in the bidding...
Hong Kong and Peru signed a Cooperation Arrangement on Trade and Investment Facilitation on Thursday in Peru, a press release from the Information Services Department of Hong Kong Special Administrative Region (HKSAR) government said on Friday. According to the press release, Hong Kong Secretary for Commerce and Economic Development Rita Lau signed th...
Small and medium Chinese enterprises (SMEs) should improve their management of intellectual capital during the financial crisis, a Chinese official said on Friday. The majority of Chinese entrepreneurs don't realize the true lucrative potential in intellectual capital such as intellectual property, brainpower and corporate culture, Wang Liwen, secreta...
Interest in establishing operations in London to secure a foothold in Europe and Africa is higher than ever before as an increasing number of Chinese companies look to Britain's capital as their operation hub, a senior London inward investment executive said on Friday. Chinese companies' interest in setting up operations in London to establish a prese...
China, the world's largest cotton consumer, reduced imports by 30 percent in October from a year earlier as demand for clothing and textiles slowed, according to China Cotton Association estimates. It imported 96,200 metric tons, down 30 percent from October 2007, the Beijing-based group said. Imports since the start of the marketing year on September ...
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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