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The global financial crisis does not seem to have seriously affected the 104th Chinese Import and Export Fair, also known as the Canton Fair, in terms of either business deals sealed or the number of visitors received. Domestic exhibitors clinched trade deals worth $31.55 billion, while 174,562 overseas buyers attended the fair between Oct 15 to Nov 5,...
The long-drawn takeover of troubled dairy firm Sanlu will see two contenders splitting the Hebei province-based company's assets between themselves. Beijing's Sanyuan is set to acquire seven milk production facilities in Hebei province, while Heilongjiang province-based Wondersun is expected to buy Sanlu's factory in the northeastern region, the 21st C...
Hong Kong tycoon Richard Li and China Unicom yesterday said they would offer $1.9 billion to take Li's Hong Kong telecommunications company PCCW Ltd private. Li's Singapore-listed company Pacific Century Regional Development Ltd (PCRD) and China Network Communications Group, now owned by China Unicom following the country's recent telecom restructuring...
A delegation of Canadian business leaders yesterday signed 20 deals with Chinese counterparts in Beijing promoting cooperation and trumpeted China-Canadian ties amid the global economic slowdown. The contracts come at a time when China has become the second-largest trading partner of Canada, second only to the United States. Underscoring the stren...
China signed its biggest aircraft export agreement, in terms of both number of jets and contract value, Tuesday at the 7th China International Aviation and Aerospace Exhibition in Zhuhai city of southern Guangdong province. The Commercial Aircraft Corporation of China, Ltd. (COMAC) will sell 25 ARJ21-700 regional jets to GE Commercial Aviation Service...
Figures released by China's National Bureau of Statistics (NBS) on Friday showed that China's consumer confidence index (CCI) shrank slightly in September amid the global slow-down in economic growth. China's gross domestic product (GDP) grew by 9.9 percent year on year in the first three quarters of this year. The growth rate was 2.3 percentage point...
Despite the global economic slow-down and the impact of the recent tainted milk crisis, China will remain one of the fastest-growing markets with the biggest growth potential for Swiss food and beverage giant Nestle, senior company officials said on Friday. Nestle China's sales growth was still strong so far this year, partly due to the high standard ...
Profits of China's state-owned enterprises (SOEs), excluding financial institutions, dropped in the first three quarters amid the economic slowdown, according to the latest data released by the Ministry of Finance. SOE profits in the first nine months were 1.11 trillion yuan (162.63 billion U.S. dollars), down 2.9 percent year on year. The January-Aug...
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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