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China Mobile, the world's biggest wireless carrier, has said it is interested in the South Africa market but has not bid for MTN, the subject of takeover interest by India's Bharti Airtel. "China Mobile has not joined the MTN bidding, but we are interested in the South African market and are looking at various opportunities for entering that market," C...
Responding to the global food crisis and skyrocketing rice prices, a Chinese agricultural company is planning to fan out to Africa, where grain shortage contrasts with abundant land resources. A seed company in the southwestern Chongqing municipality has decided to cultivate rice in Tanzania from 2009, according to a local newspaper. Chongqing Seed Cor...
China reported a deficit of 3.66 billion U.S. dollars in agricultural product trade in the first quarter, against a surplus of 460 million U.S. dollars for the same period of 2007. Exports reached 9.35 billion U.S. dollars in the first three months, up 9.6 percent year on year, while imports surged 61 percent to 13.01 billion U.S. dollars, according t...
China will import a smaller quantity of cotton during the sector's fiscal year 2007, which ends in August, an industry official said on Wednesday. Cotton imports will fall because the stagnant textile industry needs less yarn, Shi Jianwei, vice president of the China Cotton Association, told a symposium on the development of the cotton industry. The e...
China National Petroleum Corporation (CNPC) has signed a letter of intent on building a joint-venture oil refinery with Nippon Oil Corporation, a Japanese company, reporter learned from CNPC on May 7. The two sides will select a refinery factory with process capability of 115,000 barrels per day to build their joint venture enterprise. This coopera...
Hong Kong's foreign currency reserve assets stood at 159.9 billion U.S. dollars at the end of April, down 0.9 billion U.S. dollars from the previous month, the Hong Kong Monetary Authority said Wednesday. The total foreign currency reserves represent over 7 times the currency in circulation in the Hong Kong Special Administrative Region (HKSAR), or ab...
The textile industry's fixed asset investment growth slowed in the first quarter in response to monetary tightening and the worst winter in 50 years, according to the National Development and Reform Commission (NDRC). The industry invested 44.1 billion yuan (4.3 billion U.S dollars) in fixed assets, up 13.1 percent year-on-year. Investment growth was ...
With a possible US recession looming, Colonel Sanders is turning to China to fill the breach, offering a menu of fried dough and preserved egg porridge alongside the chicken that turned KFC into an American icon. Beset by falling sales at home, Yum! Brands Inc, owner of the Kentucky Fried Chicken and Pizza Hut brands, is mounting an expansion drive in ...
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.
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