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The Commercial Aircraft Corporation of China (COMAC) said Saturday it is expected to sell 2,000 jumbo jets, the homegrown C919, over the coming 20 years. More orders for the C919 were in the pipeline this year in addition to the existing orders of 100, Wu Guanghui, vice general manager of the COMAC and the jumbo jet's chief designer, told Xinhua. China...
Chinese automaker Dongfeng Motor sold 19,540 vehicles in February, up 29.8 percent year on year, figures released on Saturday showed. Dongfeng's auto output in February reached 18,250 units, an increase of 11.3 percent from a year earlier, the company said in a report to the Shanghai Stock Exchange. Sales in January surged 35.22 percent year on year to...
The head of China's largest metals trader has called for government efforts to consolidate the rare earth industry and nurture competitive domestic firms in the sector. Zhou Zhongshu, president of China Minmetals, said that the difficulties facing China's rare earth industry mainly come from the fact that local authorities, owners of rare earth mines, t...
The central government supports Hong Kong in building into an offshore RMB center, said a Chinese senior official Sunday. The central government also supports Hong Kong in strengthening its competitiveness and consolidating its position as an international center of finance, trading and shipping, Xu Xianping, vice minister of the National Development and ...
China's export limits on rare earth conform with the rules of the World Trade Organization (WTO), said China's former WTO representative Sunday. China had imposed regulating measures on the mining, manufacturing, processing and exporting of rare earth, limiting both exports and supply to domestic companies, Sun told Xinhua. "According to WTO rules, a ...
The fiscal deficit of the Philippine government in 2010 reached 314.4 billion pesos (7.26 billion U.S. dollars), equivalent to 3.7 percent of the country's GDP, the finance department reported Monday. The full-year deficit is lower than the programmed 325 billion pesos (7.50 billion U.S. dollars). Finance Secretary Cesar Purisima attributed this to impro...
Confidence in the economy fell to a two-year low following New Zealand South Island's Christchurch earthquake in February, as measured in a monthly Bank of New Zealand survey. A net 20 percent of the 456 respondents to the survey indicated they expected the economy to get worse in the coming year, BNZ chief economist Tony Alexander said on Monday. ...
China will accelerate economic restructuring to embark on a self-relying and innovation-driven growth track, Premier Wen Jiabao said at the opening of the parliament's annual session Saturday. "China's economy needs to be quickly put on the path of endogenous growth driven by innovation," Wen told deputies to the Fourth Session of the 11th National Pe...
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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