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China's corporate annuity fund will experience a robust growth over the coming years, reaching 1 trillion yuan (142.86 billion U.S. dollars) in 2010 and 8 trillion yuan by 2030, according to governmental forecast. Every month, more than 30,000 Chinese enterprises and their employees paid into the corporate annuity fund, one of the pillars of the count...
China Southern Airlines Co., the country's largest carrier by fleet size, said Sunday its 2007 profit soared 786 percent on the stronger yuan and greater passenger numbers. Net profit jumped to 1.85 billion yuan (264 million U.S. dollars), or 0.42 yuan per share, from 209 million yuan, or 0.05 yuan per share, in 2006, the airline said in a statement t...
The Group of 77 (G77) plus China ministerial meeting, held in Ghana's capital of Accra on Sunday, put much emphasis on impasse of Doha Round talk and recent spreading of subprime financial and credit crisis, as learnt from the ministerial declaration of the meeting. We are particularly concerned that the Doha Round negotiations in the WTO so far have ...
World trade growth sharply decelerated to 5.5 percent from 8.5 percent year-over-year in 2007 and could drop to 4.5 percent this year, according to preliminary estimates by the World Trade Organization. The international body said continuing strong growth in emerging markets were not enough to offset economic slowdowns in developed countries. WTO ...
OPEC Secretary-General Abdullah el al-Badri said Sunday oil prices would likely go higher and that the group was ready to raise production if the price pressure was due to a shortage of supply -- something he doubted. Oil prices, there is a common understanding that has nothing to do with supply and demand, al-Badri said on the sidelines of an energy c...
China Eastern Airlines (CEA) is facing a 1.5 million yuan (about 214,286 U.S. dollars) fine for early flight returns in southwestern Yunnan Province, Xinhua learnt from the Civil Aviation Administration of China (CAAC) on Thursday. CAAC attributed the incident largely to some pilots of CEA's Yunnan branch, saying they had ignored the passengers' inter...
China's tax revenue rose 33.8 percent year on year to 1.51 trillion yuan (215.71 billion U.S.dollars) in the first quarter of the year, the State Administration of Taxation (SAT) said on Wednesday. It was 8.3 percentage points higher than that of last year as the economy slowed to 10.6 percent between January and March, 1.1 percentage points lower tha...
BLG, Europe's leading car logistics company, intends to speed up efforts to help Chinese carmakers boost sales in Europe with the representative office it opened in Beijing recently. Company Chairman Manfred Kuhr said Chinese manufacturers should look for the strongest partner in each field to guarantee success in Europe as exporting cars is not easy. ...
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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