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All of the country’s about 200 passenger and cargo ferries are almost 30 years old and should have been replaced a long time ago or sent to the scrap yard, according to maritime officials, local media reported last week. “All of them are aging,” said Transportation Undersecretary Thompson Lantion. He said the average age of inter-island...
Comprehensive trade pact between China and major Southeast Asian economies that came into effect last Friday is expected to accelerate bilateral commerce. Trade volume in the China-ASEAN Free Trade Area (FTA) "will jump," and the yearly rate of growth will be "40 to 50 percent or more for a certain period of time," a Thai embassy official said during a pres...
World media reports have praised China's efforts in promoting international cooperation to combat climate change and its contribution to a substantive result at the UN Climate Change Conference in Copenhagen. The per capita carbon emission in China is far lower than that in Western countries, the state media from different countries, including India, Pak...
The Chinese government said on Wednesday financial institutions would be encouraged to step up credit support to foreign-funded businesses as they have become an important part of the world's third largest economy. Foreign-funded companies should have more access to financing and would be encouraged to take part in the mergers, acquisitions and reshuffli...
The US International Trade Commission (ITC) on Wednesday slapped punitive penalties on imports of some $2.6 billion of oil country tubular goods ( OCTG) from China, in the biggest US trade action taken against China. Source: BizChina
China's National Audit Office (NAO) said Wednesday 2.84 billion yuan ($420 million) of public funds misused by 13 centrally-administered enterprises in 2008 cannot be retrieved. China Aerospace Science & Industry Corp caused the losses of 6.37 billion yuan of state-owned assets in 2008 due to wrong decisions and poor management. Despite various cor...
Nation to curb overcapacity, develop low-carbon economy China is making concrete efforts toward a low-carbon economy by curbing overcapacity and boosting strategic emerging industries, a senior official at the nation's top economic planner said yesterday. Li Ningning of the National Development and Reform Commission (NDRC) said the overcapacity problem...
Former Caijing head, two others to join general news publication Nearly two months after she quit Caijing in a huff, Hu Shuli has been offered the top job at News Magazine, a little-known general news publication started in 1988 by a think tank focused on economic reform. The 56-year-old Hu, along with two former high-level editors at Caijing, will effe...
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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