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The State Grid Corporation of China (SGCC), the country's biggest power supplier, plans to more than double its investment for the next two years to a total of 1.16 trillion yuan (169.9 billion U.S. dollars) for gird construction nationwide. "We decided to add about 500 billion yuan investment to the original 550 billion yuan scheduled for 2009 and 201...
Oil export of port Primorsk (Leningrad region) has fallen 10% from the beginning of November, a source in the port says. The company attributes the decrease to the fall of oil supply by Baltic Pipeline System caused by unstable economic situation and oil prices decrease. The port hopes the decrease will not reflect the volume of shipments planned for ...
Russia's crude exports declined 5.6% year-on-year to 182.1 million metric tons (1.3 billion barrels) in January-September, the Federal State Statistics Service said on Friday according to RIA Novosti. Crude accounted for 36% of all Russian exports and 51.8% of the country's energy exports in the reporting period, against 34.5% and 54%, respectively, i...
China will invest over 3 billion yuan on geological surveys for mining resources next year, according to the Ministry of Land and Resources. Last year, the government spent over 2 billion yuan for geological surveys with nearly 40 percent of the funds spent in western China, said the Ministry. The government is investing more in mineral exploration ...
China's 586-billion-dollar economic bailout, announced over the weekend, will be a windfall for San Francisco businesses, it was reported on Wednesday. The bailout could not have come at a better time for Bay Area business delegations looking to make their mark here, the San Francisco Chronicle said. China's pumping more money into export growth a...
From January to October 2008, China utilized more than 81.09 billion USD of foreign investment, an increase of 35.06% year-on-year, according to the data released by the PRC Ministry of Commerce on November 12. The data also shows that 22,736 foreign-invested enterprises were newly established in the first 10 months, a decrease of 26.24% year-on-y...
China will invest 30 billion yuan in the civil aviation sector this year and the investment will reach 200 billion yuan next year, according to the Civil Aviation Administration of China (CAAC). The investment will be used on building new and expanding existing trunk line airports in western China, including Kunming, Chongqing and Nanning. The inv...
The Chinese government's 4-trillion-yuan stimulus package has come as a breather for many multinational companies who are trying to weather the current economic storm. The government's announcement of the huge investment plan on Sunday is expected to provide additional opportunities for foreign investors in China. This plan is important, not only fo...
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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