Talk of tax rebate cuts on textile and garment exports has cast a shadow on the ongoing 101st China Import and Export Fair (Canton Fair).
The market has been abuzz with rumor that the government is set to lower tax rebates on textile and garment exports by 2 to 4 percentage points, meaning the rebates will [...]
Russian natural gas monopoly Gazprom signed final documents on Wednesday to gain control in a multi-billion-dollar oil and gas project in Russia’s far eastern Sakhalin island.
The files were signed by management of Gazprom and of shareholders of the project operator, the Sakhalin Energy Investment Company, namely Royal Dutch Shell, Mitsui and Mitsubishi, the Itar-Tass news [...]
Trade relations between China and Italy mainly revolve around imports and exports, but according to an Italian official this is likely to change.
“The faster China’s economy rises, the more Italian companies will follow the trend of investing here,” Antonino Laspina, trade commissioner with the Italian Trade Commission (ITC), told China Daily in Beijing.
And “Italy will [...]
China Life, the nation’s largest life insurer, reported net profits up 76 percent year-on-year to 9.6 billion yuan (1.2 billion U.S. dollars) in 2006 in its annual report released on Wednesday.
Its earnings per share stood at 0.34 yuan, up 70 percent.
The Shanghai- and Hong Kong-listed company held 45 percent of the domestic market, according to [...]
The Chinese government on Tuesday said it has been observing strict procedures to manage and control imports of timber and forest products and combat illegal trade activities.
Foreign Ministry spokesman Liu Jianchao made the remarks when asked to comment on environmental group Greenpeace’s report that China imported thousands of cubic meters of illegally felled tropical hardwood [...]
Coal imports in the first quarter of this year exceeded exports for the first time ever.
Fuelled by a need to power its robust economy, the world’s largest coal producer is expected to import more and more coal in the near future.
As the need for coal grows, China might see a rise in prices within the [...]
