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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...
Russian and Chinese companies started construction of an iron ore dressing plant Friday in the Evreyskaya Autonomous Oblast to provide high-grade iron ore to the Asia Pacific region, including China. Yury Makarov, chief executive officer of IRC Ltd., told Xinhua the plant would reach its designed capacity in 2013 at 10 million tons of iron ore and 3.2 mil...
Retail sales in China this year are expected to rise 15 percent year on year to over 17 trillion yuan (2.58 trillion U.S. dollars), amid plans to boost domestic demand, experts said Thursday. Li Heming, a researcher at the Distribution Productivity Promotion Center of China Commerce, made the forecast. Demand for motor vehicles, home appliances and ...
CHINA's economy grew 10.3 per cent in 2010, exceeding analysts' expectations, but posting slower GDP growth in the fourth quarter at 9.8 per cent. Inflation fell in December as Beijing moved to rein in prices. The 2010 figure, up from a revised 9.2 per cent GDP increase in 2009. The 2009 figure put China ahead of Japan and just behind the US in rankin...
BRAZIL Finance Minister Guido Mantega fears a coming trade war on the back of aggressive monetary policy resulting in volatility in currency markets, reports London's Financial Times. "This is a currency war that is turning into a trade war. The exchange rate is one of the main drivers of economic policy, more so even than productivity," Mr Mantega sai...
THE US Bureau of Economic Analysis has reported the country's exports of goods and services in November 2010 increased 0.8 per cent from October to US$159.6 billion, the highest level for monthly exports since August 2008, when it reached $162.9 billion. US imports of goods and services increased 0.6 per cent over this period to $198 billion, decreasin...
UN World Tourism Organization (UNWTO) Secretary General Taleb Rifai said Thursday he expected China to become the world's largest tourism destination within five to seven years. Rifai was speaking to Spanish state television network RTVE a day after the opening of the FITUR tourism exhibition here. After China, which is well represent...
Seoul may seek to adopt an emergency tariff quota system if international raw material prices rise over current levels, the Ministry of Knowledge Economy said Thursday. The ministry said applying emergency tariff quotas to key commodities, which South Korea imports, could help control local consumer prices that have seen a sharp rise in recent mo...
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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