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The net profit of publicly traded Chinese companies soared 49.7 percent on average in 2007, boosted by the booming economy and high stock investment returns. All the listed firms but two had released their financial results for 2007 by Wednesday. Net profit of the 1,574 companies listed on the Shanghai and Shenzhen exchanges totaled 949.7 billion ...
The Political Bureau of the Central Committee of the Communist Party of China (CPC) held a group study on the transformation of the country's economic development on Monday. Hu Jintao, General Secretary of the CPC Central Committee, said that accelerating the transformation of economic development was a pressing strategic task vital to the economy ...
The National Development and Reform Commission (NDRC) Tuesday announced a nationwide campaign to adjust admission prices at major tourism sites. During the adjustment period, no price hikes will be allowed at tourist sites. For those already charging high admission fees, adjustments must be made, the NDRC said on its website. The campaign, which wi...
China, the world's largest consumer of iron ore, won't accept demands from BHP Billiton Ltd and Rio Tinto Group for a freight premium on iron ore prices, the China Iron and Steel Association has said. China is decisively against any biased prices for Chinese companies, Luo Bingsheng, vice-chairman of the association, said yesterday. Rio an...
The government will not increase the price of refined oil or electricity until inflation is brought under control, a senior official from the National Development and Reform Commission (NDRC) said Tuesday. Xu Zhimin, director of the NDRC's economic operations department said the commission is in discussions with several cabinet departments on a range o...
Allianz China Life Insurance Co plans to open one to two branches each year to expand its network and offer group insurance to lift premium growth. The Shanghai-based joint venture insurer is to continue its network expansion to take a bigger bite of the country's growing life insurance market, said Yang Yongting, chief officer of the insurer's institu...
The Asian Development Bank (ADB) will provide a loan of 105 million U.S. dollars for infrastructure development in China's northwest Xinjiang Uygur Autonomous Region. The project focuses on three areas in Xinjiang: Alashankou, a major trade and transport hub on the border with Kazakhstan, the Kanas scenic region and Yining City, ADB officials said on ...
The 10th Beijing International Automotive Exhibition ended Monday in Beijing. Chinese homegrown carmakers, both traditional leaders like Chery, Geely and Changan and new comers like Dongfeng Motor Corp, Guangzhou Automobile Industry Group and Beijing Automotive Industry Holding Co Ltd, all showcased their independent lineups of everything from low-end to ...
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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