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Pork exports by the Chinese mainland declined in the first eight months, due largely to high pig-raising cost, numerous raisers quitting and lingering impact from the May 12 earthquake in Sichuan Province, a major pork producer. Between January and August, China sold abroad 50,000 tonnes of pork for 170 million U.S. dollars, a decrease of 52.4 percent ...
China's Ministry of Finance announced on Monday a list of 3,770 items involved in the third export tax rebate increase this year. The items include labor-intensive, mechanical and electrical products. New export tax rebate rates on these items were also announced. The change take effect Dec. 1. The announcement came four days after the State Counci...
Thousands of workers at the Guangdong Real Faith Enterprises Group Co. here have been living a more relaxed life lately, working strictly 40 hours a week. That's not because they've suddenly gotten lazy. It's because the board chairman, Liang Fengyi, has cut overtime amid slumping orders. It's part of a three-pronged survival strategy, which also incl...
China exported less cement in the first eight months of this year as a result of ebbing demand in developed nations and more difficult market access at home and less export rebates, sources with the General Administration of Customs said Saturday. Mounting demand for post-disaster reconstruction at home, especially in the southwestern province of Sich...
China's top banking regulator rated the country's banking industry as healthy with total assets increasing rapidly, bad loan rates dropping and capital adequacy ratio (CAR) rising. The performance of Chinese banks has reached a historic peak, said Jiang Dingzhi, vice chairman of the China Banking Regulatory Commission (CBRC), at a financial forum in Be...
Annual inflation in the euro zone was confirmed at 3.2 percent in October, down from 3.6 percent in September, the European Union (EU)'s statistics bureau Eurostat said on Friday. The eurozone inflation eased in the past three months after hitting a record high of 4.0 percent in June and July. It was 3.6 percent in September. Although it was ...
The Japanese government would become a key founding partner in a World Bank fund by investing 2 billion U.S. dollars to help recapitalize banks in smaller emerging markets, the World Bank said on Friday. The Japanese contribution would be the first to the fund, which was announced this week by World Bank President Robert B. Zoellick as part of a large...
Chinese banks should be alert to the risks of growing bad loans and narrowing profit margins amid a worsening global financial crisis and domestic interest rate cuts, a senior banking regulator has warned. China Banking Regulatory Commission Vice-Chairman Jiang Dingzhi told a financial forum in Beijing on Saturday that China's banking system, despite b...
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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