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A proposed investigation of a Chinese steel-maker's investment plan in the United States has politicized a business deal and is protectionism, Yao Jian, spokesman of Ministry of Commerce, said Tuesday. Yao was commenting on Anshan Iron and Steel Group's (Ansteel) plan to establish a joint rebar venture with an U.S. partner in Mississippi, but 50 U.S. ...
Despite the high growth in exports during June, the overall prospects for 2010 still look bleak as the European debt woes and the monetary tightening policies will crimp demand for the nation's goods, the Ministry of Commerce said on Tuesday. The ministry urged the government not to tweak the export policies further, as changes will further hamper expo...
BEIJING - Forklift sales in China more than doubled in the first half of the year and are poised for further growth in the full year, industry experts said on Monday. China will continue to lead the global market and the gap with US, the next biggest player, is set to widen further, they said. During the first six months of the year, domestic forkli...
The State Information Center predicted in a report that the growth of China's imports and exports will slow down in the third and fourth quarter of this year, China Securities Journal said Monday. The report said that the growth rate of imports will gradually decrease to about 19.3 percent in the second half and hit a low for the year in the four...
China's stainless steel industry is facing severe overcapacity due to sluggish demand and lack of high-end product manufacturers, the China Business Daily reported Monday. China's stainless steel industry boasts an annual capacity of 15 million tons, but the actual output is less than nine million tons, according to Li Cheng, an advisor with the Stain...
China overtook the United States last year to become the world's largest energy user, the Financial Times reported on Monday, citing the International Energy Agency. China's rise to the top ranking was faster than had been expected in part because the United States has outpaced China in improving energy efficiency measures over the past decade. Th...
More than 200 Chinese companies have expressed their interest in the Mexican market, a senior Mexican official said here at the weekend. Eduardo Seldner Avila, commissioner of the Mexico Pavilion at the World Expo in Shanghai, told Xinhua that since the World Expo in Shanghai opened two months ago, the Mexico Pavilion has attracted more and more Chinese...
South Korea's exports in the renewable energy sector grew in the first half by twice the amount of a year ago mainly due to an increase in overseas demand, a government report said Monday. According to the report by the Ministry of Knowledge Economy, exports of solar and wind power components and products rose to 2.14 billion U.S. dollars during the fi...
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