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A Mercedes-Benz displayed at an auto exhibition in Jinan, Shandong Province. Last week, three German luxury vehicle brands all announced record sales in the Chinese market, outpacing the growth rate of the overall passenger car market of 17.07 percent. Tang Lei has been busy during the first half of the year, but he is able to find time to enjoy his a...
The Taiwan authority on Thursday approved to relax restrictions on investment in the mainland by investors. The move drew wide applause in Taiwan business circles. Under the new regulations beginning on Aug. 1, institutional investment will be 60 percent of a company's net value. Individuals are now allowed to invest as much as 5 million U.S. dollars,...
The Canadian company Bombardier Aerospace has sealed a deal with China's Shenyang Aircraft Corporation (SAC) at the on-going Farnborough International Air Show. Under the contract signed on Tuesday, China's SAC, a subsidiary of the state-owned aviation industrial entity China Aviation Industry Corporation (AVIC I), will supply the center fuselage on t...
Chinese Huawei Technologies ( Bangladesh) Ltd. signed an agreement here Wednesday with Bangladesh University of Engineering and Technology (BUET) for setting up a wireless communication lab and training center in the university. According to Zhang Hui, chief representative of Huawei in Bangladesh, Huawei will donate 3 million U.S. dollars GSM equipmen...
Property price growth in China's major cities slowed down 1 percentage point in June from the previous month, the National Development and Reform Commission (NDRC) said yesterday. In a statement published on its website, the NDRC said property prices in China's 70 large and medium-sized cities rose 8.2 percent year-on-year in June, compared with 9.2 pe...
Vietnam imported $5.8 billion worth of Chinese goods through the first four months of 2008, according to China's trade ministry. No information was given as to how that amount compared to the similar period in 2007, though two-way trade between Vietnam and China rose to $15.9 billion in 2007 from $10.4 billion in 2006, according to Vietnamese trade st...
Crude prices continued a heavy sell-off Wednesday as U.S. crude stockpiles unexpectedly jumped last week. Light, sweet crude for August delivery was down 5.5 U.S. dollars to 133.24 dollars a barrel on the New York Mercantile Exchange. Source: CRIEnglish
Former Samsung Group Chairman Lee Gun-hee was sentenced to three years in jail with a five-year suspension for tax evasion by the Seoul Central District Court on Wednesday. Judge Min Byeong-hoon said Lee, 66, is guilty of tax evasion and sentenced him to three years in jail with a five-year suspension. However, Min said "it is difficult to say tha...
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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