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China still faces challenges in grain production, although it is likely to see a rise in summer grain output this year, a senior official said Wednesday. Prices of producer goods have continued rising, which has squeezed farmers' profit margins and dampened their enthusiasm for production, said Ma Xiaohe, deputy head of the Academy of Macroeconomic Resea...
Japan's economic growth will slow this year, said a 2011 Economic Outlook issued Wednesday by the Organization for Economic Cooperation and Development. The Paris-based organization said the gross domestic product (GDP) of disaster-hit Japan is expected to fall 0.9 percent in 2011. It also predicts that the country's economy will see a growth of 2.2 p...
The outlook for Australia's economic growth appears to be stabilizing and may push back the next interest rate rise, a report released by Australia's Westpac Banking Corporation and the Melbourne Institute on Wednesday has found. The annualized growth rate of the Westpac/Melbourne Institute Leading Index, which indicates the likely pace of economic acti...
A single auto engine parts maker shook South Korea's auto industry. One of the country's auto parts makers went on strike on May 18, resulting in suspended production of some models in top automaker Hyundai Motor and its affiliate Kia Motors. Workers at Yoosung Enterprise started a walkout on Wednesday last week after the management and the labor union ...
The pace of offshore renminbi (CNH) growth is set to continue, said HSBC in its latest research, adding that the organic growth of the CNH market in most recent end-1Q data has been breathtaking. The CNH deposit base has grown at a 251 percent annualized pace, to over CNH 450 billion by end-March, putting it on track to reach HSBC's forecast for CNH 800 ...
South Korea's exports to so-called PIIGS nations plunged this year amid lingering fiscal crisis in Europe, the customs office said Wednesday. The PIIGS is a term used by some investors to refer to debt-ridden European countries, including Portugal, Italy, Ireland, Greece and Spain. South Korea's exports to Portugal reached 490.5 million U.S. dollars f...
AVIC Xi'an Aircraft Industry (Group) Co., maker of Modern Ark 60 (MA60) passenger planes, confirmed Tuesday that it had signed a contract to sell four MA60s to a Peruvian airline express company. The MA60, which was introduced in the year 2000, is China's only domestically-developed regional passenger aircraft in service. Its success at home and in the ...
Cambodian Ministry of Commerce and China Council for the Promotion of International Trade (CCPIT) on Tuesday signed a Memorandum of Understanding (MoU) on the development of bilateral trade. The MoU was inked between Cambodian Minister of Commerce Cham Prasidh and Wan Jifei, visiting chairman of CCPIT and president of China Chamber of International Commer...
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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