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South Korea will impose a tariff quota on imported pork to cope with the unstable supply caused by the country's ongoing epidemic of foot-and-mouth disease, the Ministry of Strategy and Finance said Tuesday. The ministry said the current tariff of 25 percent on pork used as a raw material for meat processed products will be lowered to zero percent star...
Philippine import bill in November rose 35.3 percent on year to 4.94 billion U.S. dollars on back of steady purchase of electronics product, the National Statistics Office (NSO) reported Tuesday. Electronic products accounted for 32.9 percent of the total import bill. Payment for the import of electronic products amounted to 1.62 billion U.S. dollars in...
Huawei Technologies, on Monday asked a U.S. District Court to prevent Motorola from illegally transferring Huawei's intellectual property (IP) to Nokia Siemens Networks ("NSN"), officials of Huawei told Xinhua in Sydney, Australia on Tuesday. As a leading player in providing next generation telecommunications network solutions, Huawei took this action as...
Beijing is planning to build China's first design exchange to offer a platform for design trading and boost the country's burgeoning creativity industry. "China enjoys a tremendous market for both manufacturing and consumption, and sees a growing demand for design industry and an increasing supply in this regard," Song Weizu, vice secretary-general of t...
The central parity rate of yuan, the Chinese currency, Tuesday gained 2 points to 6.5881 against the U.S. dollar, according to the China Foreign Exchange Trading System. China's central bank announced in June 2010 it would further reform the exchange rate formation mechanism to improve its flexibility. On China's foreign exchange spot market, the yuan...
The Spanish branch of Industrial and Commerce Bank of China (ICBC) was officially inaugurated in Madrid Monday. ICBC President Jiang Jianqing, Spanish Minister of Industry, Tourism and Commerce Miguel Sebastian and Chinese Ambassador to Spain Zhu Bangzao attended an inaugural gala dinner here. In a speech, Jiang thanked the Spanish government and author...
SHANGHAI - China Asset Management Co, the nation's biggest mutual fund company, boosted its holdings in property stocks in its flagship fund in the fourth quarter even as the government tightened policies to curb asset bubbles. Wang Yawei increased the proportion of real estate shares in his China AMC Large-Cap Selected Fund to 19 percent from 13 percen...
China Reinsurance (Group) Co, China's biggest reinsurer, plans to gradually build up its global operations, including growth via mergers and acquisitions and international cooperation, Bloomberg reported Monday. The group's revenue totaled 38.3 billion yuan ($5.8 billion) last year, according to Bloomberg. Total assets rose to 101.6 billion yuan as of...
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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