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Chinese companies will face fines of up to 1 million yuan (US$146,000) if they undertake contracts abroad without official approval, under a new regulation issued on Monday. The regulation from the State Council, the Cabinet, signed by Premier Wen Jiabao sets out fines for firms that fail to obtain international contractor qualifications. Besides safeg...
Beijing's oldest downtown commercial street, or the Qianmen Street, will open to tourists on Aug. 7 after a year of renovation, a day ahead of the opening ceremony of the Olympic Games. As the capital's oldest neighborhood built in the Qing Dynasty (1644-1911), Qianmen, south to the Tiananmen Square, is expected to become a new tourist attraction duri...
Malaysians are eager to invest in Zambia because of the stable investment climate, visiting Malaysian Deputy Prime Minister Mohd Najib has said, according to Times of Zambia. When he paid a courtesy call in Lusaka Monday on Vice-President Rupiah Banda, Najib said there was investment potential in Zambia and commended the Zambian government for promoti...
The Chinese central government and the government of the Hong Kong Special Administrative Region (HKSAR) on Tuesday signed Supplement V to the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA), which will allow Hong Kong enterprises greater and easier access to the mainland market. The supplement was a fifth supplement to CEPA, whi...
A senior Chinese trade official on Monday refuted U.S. arguments that its reduction of cotton subsidies should be linked to tariff cuts by developing countries. Recently we heard certain absurd arguments that the U.S. reduction of their trade-distorting cotton subsidies would depend on the reduction or even elimination of cotton tariff by developing m...
China's trade with ASEAN members amounted to 95.55 billion U.S. dollars in the first five months of this year, a growth of 26.9 percent over the same period of last year, the General Administration of Customs said on Sunday. The total included 50.27 billion U.S. dollars in import value, up 22.3 percent, and 45.28 billion dollars in export value, up 32...
Bangladesh's export earning in 2007- 08 fiscal year (July 2007-June 2008) recorded 14.01 billion U.S. dollars, marking more than 15 percent growth over that of previous fiscal, said official statistics. According to the provisional statistics of the Bangladesh's Export Promotion Bureau (EPB) released Sunday, the export earning, however, fell short of ...
A customer picks up a bottle of edible oil at a supermarket in Beijing in this undated photo. China imported more edible vegetable oil at higher cost in the first five months of this year, as demand remained strong at home and prices were buoyed up by short supplies worldwide. Between January and May, China imported 3.57 million tons of edible veg...
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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