Trade News

Long-term investment urged for Chinese insurers in stock Apr 24, 2008

Chinese insurers, a major institutional investor sector, were urged on Wednesday to make long-term investments in the stock market and fend off risks amid price fluctuations. Insurers should stick to the idea of long-term value investment and strengthen their confidence in economic and financial development in the long term, said Yuan Li, spokesman fo...

China-DPRK tobacco joint venture set up in Pyongyang Apr 24, 2008

With four million euros (6.36 million U.S. dollars) of investment, a tobacco joint venture by China and the Democratic People's Republic of Korea (DPRK) was setup in Pyongyang Wednesday. The joint venture, Pyongyang Paeksan Tobacco Ltd., a fruit of the increasing China-DPRK friendship and economic cooperation, would meet the needs of the DPRK people,...

Slowdown, rising yuan put exporters in tough spot Apr 24, 2008

It's a tough choice this year for exporters at the trade fair in Guangzhou: fewer orders or paper-thin profits. The yuan is stronger and the world market is weaker, the result of the unfolding credit crisis. And that's had an impact on the number of buyers and orders for exporters who are attending the China Import and Export Fair in Guangzhou, capita...

Vietnam exports over 5 mln tons of coal to China in Q1 Apr 24, 2008

Vietnam exported over five million tons of coal worth more than 246 million U.S. dollars to China in the first quarter of this year, local newspaper Youth reported Wednesday. The state-owned Vietnam National Coal and Mineral Industries Group has decided to stop exporting coal in small volume in form of border trade from June 1 to help curb illegal coa...

Chinese investors eye Chicago Spire Apr 24, 2008

Some Chinese residents may soon be a little closer to reaching the heavens in Chicago, Illinois. A promotions team for The Chicago Spire - set to become the tallest residential building in the world when it is completed in 2011 - arrived on the Chinese mainland for the first time this week on the first leg of its global showcase. It is the first ti...

Ikea Plans $60 Million for Tianjin Store Apr 23, 2008

Ikea plans to pour in around $60 million to set up a retail outlet in Tianjin, aiming to cash in on the fast development of the coastal municipality. The home furnishing retailer has inked a primary deal with Tianjin Dongli district, and the construction of its Tianjin outlet may kick off this summer, Ian Duffy, president of IKEA Asia-Pacific, told Chi...

Hong Kong's Consumer Prices Rise 4.2 Pct in March Apr 23, 2008

Consumer prices in Hong Kong in March rose 4.2 percent over the same month last year, but were down on February's rise of 6.3 percent, Hong Kong Census and Statistics Department said Tuesday. The inflation fall is due to the low base of comparison arising from the waiver of public housing rentals in February, according to the department. The one-o...

Yangtze River Delta Eyes Financial IntegrationApr 23, 2008

Commercial banks in the Yangtze River Delta have agreed to build regional financial integration, aimed at a free flow of financial resources to accelerate the already booming economy of southeast China's economic hub. At the first Finance Forum of the Yangtze River Delta, jointly held by the governments of Shanghai and Jiangsu and Zhejiang provinces a...

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