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Hong Kong Chief Secretary Henry Tang says the timepiece industry's total export value saw a 17.3 percent rise in the first half of this year over a year earlier, to more than 25 billion HK dollars, or about 3.2 billion US dollars. Opening the Watch & Clock Fair, Tang said the manufacturers, designers and distributors are facing tougher challenges in a ...
China has halted all coal liquefaction projects nationwide, except two involving the Shenhua Group, the National Development and Reform Commission (NDRC) said on Thursday. Of the two exceptions, one was the under-construction coal-to-fuel project of Shenhua Group; the other was the Ningdong indirect coal liquefaction project jointly planned by the She...
Asian economic integration should be based on open regionalism and take into account the diversity of its member countries, said a senior Singapore official on Thursday. Speaking at a seminar on Asian economic integration, Lim Hwee Hua, Senior Minister of State for Finance, said Asian economic integration should not lead to a closed and exclusive regi...
The world's biggest beverage maker Coca-Cola has offered to buy China's Huiyuan Juice for $2.3 billion, 300 percent more than its last closing price. The Atlanta-based company would acquire Hong Kong-listed Huiyuan for HK$17.9 billion, or 12.20 cents per share - almost triple Huiyuan's Friday closing price of HK$4.14. Huiyuan shares soared 164.3 percen...
Coca-Cola said on Wednesday it has offered to buy Huiyuan, China's largest fruit juice company, for the equivalent of 2.4 billion U.S. dollars in cash, in what would be the second-largest acquisition in the U.S.-based company's history. Coke said the offer needed to be approved by the Chinese government. The prospects of approval are unclear. In J...
Coca-Cola said on Wednesday it has offered to buy Huiyuan, China's largest fruit juice company, for the equivalent of 2.4 billion U.S. dollars in cash, in what would be the second-largest acquisition in the U.S.-based company's history. Coke said the offer needed to be approved by the Chinese government. The prospects of approval are unclear. In J...
Bilateral trade between China and Africa will exceed 100 billion U.S. dollars in 2008, two years earlier than expected, the General Administration of Customs said on Wednesday. The forecast was based on first-half figures, which showed that bilateral trade grew almost 66 percent year-on-year to 53.14 billion U.S. dollars. The growth rate was abo...
China experienced a double-digit decline in foreign sales of high energy consuming products in the first half as efforts to reduce exports of such goods began to payoff, the General Administration of Customs said on Wednesday. The nation slashed and scrapped tax rebates for high energy consuming, high polluting and resource products as of July 1, 2007...
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