Trade News

Sotheby's HK to offer jewels, jadeite estimated 400 mln HKD in spring ...Apr 1, 2008

Over 320 lots of jewels and jadeite estimated at 400 million HK dollars (51 million U.S. dollars), including a rare pear-shaped D-color (finest white) flawless diamond, will be offered in Sotheby's Magnificent Jewels and Jadeite 2008 Spring Sale on April 10, announced Sotheby's Hong Kong on Monday. "The past season both in Asia and worldwide have...

GMS countries step up cross-border power trading Apr 1, 2008

The six nations sharing the Mekong River signed here Monday a memorandum of understanding on the road-map for implementing the Greater Mekong Subregion (GMS) cross-border power trading. Ministers from the six nations -- Laos, China, Vietnam, Myanmar, Cambodia and Thailand -- inked the deal on cross-border power trade that is expected to enhance supply...

China QDII funds under-performed benchmarks last year Apr 1, 2008

China's four stock-oriented qualified domestic institutional investor (QDII) funds have all reported big losses last year, and fund management companies blamed the failing performance on the U.S. subprime crisis that caused volatility in the world market, Monday's China Securities Journal reported. Net value of the four QDII products - JP Morgan ...

HK jewelry exports marked significant growth in emerging markets in 20...Apr 1, 2008

As the world's fourth-largest fine jewelry exporter, Hong Kong saw jewelry exports growing 17 percent in 2007, with significant growth in emerging markets, Hong Kong Trade Development Council (HKTDC)'s Jewelry Advisory Committee said Tuesday. Hong Kong jewelry exports jumped by 17 percent to 33.8 billion HK dollars (4.3 billion U.S. dollars) in 2007, ...

64 catering enterprises enter Terminal 3 Apr 1, 2008

Sixty-four famous food and beverage enterprises, representing more than forty brands including KFC, Pizza Hut, McDonald's and Rodgers, have officially set up shop at the Capital Airport after Terminal 3 opened, according to the Beijing Capital Airport F&B Development Company. These enterprises did not raise their prices after entering the Capital Airpo...

Truck Sales Boost ProfitMar 31, 2008

A model poses with a Dongfeng truck at the Shanghai International Auto Show last year. Dongfeng Automobile Co, a Chinese partner of Nissan Motor Co, said profit increased 9.5 percent in 2007 as the country's economic growth and construction boom boosted truck sales. Dongfeng Automobile Co, a Chinese partner of Nissan Motor Co, said profit increased 9.5...

China's policy to restrict leather export begins to pay off Mar 31, 2008

China exported 113,000 tons of leather in 2007, a decrease of 37.9 percent from the previous year, sources with the General Administration of Customs said on Sunday. The exports were valued at 1.18 billion U.S. dollars, down 33.1percent. Of the total sales, foreign-funded enterprises made up 62 percent, or70,000 tons, down 38.3 percent. The de...

China imports LCD panels at higher cost as demand increases worldwide Mar 31, 2008

China imported 1.95 billion LCD (liquid crystal display) panels in 2007, a growth of 9.5 percent over the previous year, sources with the General Administration of Customs said on Sunday. The arrivals were valued at 40.75 billion U.S. dollar, up 26.5 percent. The import prices were averaged at 20.9 U.S. dollars per unit, up 15.5 percent. The price...

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