Employees of a Wal-Mart outlet in northeast China signed a collective contract with the retailing giant late Monday night, the first among Wal-Mart's 100-odd stores across China. After talks lasting more than five hours, the Wal-Mart outlet in Shenyang, capital of Liaoning Province, agreed on a proposal by its trade union to raise employees' salary by...
According to the State-owned Assets Supervision and Administration Commission (SASAC), as of June more than 20 State-owned enterprises (SOEs) under central government administration have released reports on enterprises' social responsibility or on sustainable development, showing progress in undertaking social responsibilities. Centrally-administered SOEs...
China's trade deficit in agricultural products rocketed 14.3 times on the year-earlier level to 7.57 billion U.S. dollars in the first five months of this year, sources with the Ministry of Agricuture said on Sunday. Foreign trade in agricultural products amounted to 39.93 billion U.S. dollars in the five-month period, a growth of 36.1 percent year-on...
Growth in China's auto imports slowed down in the first five months of this year, thanks largely to a compulsory coding system for standardizing vehicle purchase from abroad, according to General Administration of Customs. The new import management system, which took effective in April, denies refitted and stolen motor vehicles access to the Chinese m...
PetroChina and Sinopec, China's two leading oil producers, are expected to import 720,000 oil products in July for eastern regions, as part of the nation's efforts to ensure sufficient oil supplies during the upcoming Beijing Olympics. According to ChemNet, a major website for chemical and petrochemical industry information in China, the refined oil i...
China saw a double-digit, year-on-year decline in steels export in June, which was triggered mainly by a drastic reduction in sales to southeastern Asia, Vietnam in particular, the General Administraton of Customs said on Sunday. In June, China sold 5.22 million tons of rolled steel abroad, a decrease of 6 percent from May, or 17.9 percent from the sa...
China's customs tax revenues nationwide stood at 489.6 billion yuan (71.6 billion U.S. dollars)from January to June this year, up 35.6 percent year on year, the General Administration of Customs of China (GACC) said on Saturday. This was mainly boosted up by the strong import momentum in the first half of this year along with the quick economic develo...
China's second-largest iron ore trader, Sinosteel Corp., announced it had won a controlling share of Australian iron ore miner Midwest Corp. as of July 10. Sinosteel offered 6.38 Australian dollars (6.17 U.S. dollars) cash per share for Midwest. It now holds 213,840,550 shares, or 50.97 percent, of the company. The total offer stood at 1.36 billion Au...
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