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The strong earthquake in southwest China's Sichuan Province on Monday has made 66 stock listing companies stop trading as of Tuesday. These Sichuan and Chongqing-based companies include 45 Shanghai listed companies and 21 Shenzhen listed companies, such as Sichuan Road and Bridge, Huiyuan Optical Communication and Datong Gas. The stock exchange failed...
The United States shaved 5.6 percent off its trade deficit in March to $58.2 billion as imports of goods dropped $6 billion to $173.3 billion, according to the Commerce Department. The trade deficit was $61.7 billion in February. In annual terms, the trade deficit decreased $4.8 billion compared to March 2007 figures, with exports up $20 billion, or 1...
China saw 35.02 billion U.S. dollars worth of foreign direct investment (FDI) utilized in the first four months, up 59.32 percent from the same period last year, the Ministry of Commerce (MOC) said on Monday. The number of newly approved foreign-funded enterprises, however, shrank 23.15 percent to 9,490 in the January-April period. Zhang Hanya, di...
A spot check on cosmetics, conducted by the General Administration of Quality Supervision, Inspection and Quarantine of China, revealed that the quality of material products reached 99.7%, reported by Xinhua Net. The spot check tested on 18 indexes including PH value, total bacterial number, heavy metals and formaldehyde. This check involves 80 kinds ...
China's trade surplus reached 16.68 billion U.S. dollars in April, the General Administration of Customs said on Monday. The figure was down 1.14 percent year-on-year but up 24.5 percent from 13.4 billion U.S. dollars in March, and it was almost double the 8.6 billion U.S. dollars posted in February. Exports in April rose 21.8 percent year-on-year...
Sales growth of external hard drives slowed in China in the first quarter, as a result of the traditional low sales season. Sales of external hard drives hit 506,900 units in the first three months, up 28.9 percent year on year, but lower than the 44.1 percent year-on-year growth in 2007, said Beijing-based CCIDC Consulting company in its report. ...
Sales of smartphone in Chinese market in the first quarter increased 4.8 percent compared with the fourth quarter last year. Sales hit 8.24 million units in the first quarter, accounting for 19.1 percent of all types of cellphones sold on domestic market, according to a report issued by Beijing-based CCIDC Consulting company. Sales value stood at ...
Chinese companies' foreign direct investment expanded 353 percent in the first quarter compared with the same 2007 period as domestic firms sought out a more open global market. The investment hit 19.34 billion U.S. dollars in the first three months, Vice Minister of Commerce Chen Jian said Sunday at a forum. The figure stood at 18.76 billion U.S. dol...
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