Archive for July, 2007

Steel Export Growth to Slow Down

Growth of steel exports from China, the world’s top steel producer, will slow to 20 percent for the full year due to government efforts to curb breakneck growth in the first half of the year, according to an industry body.
Overseas shipment of finished steel products will hit 51.6 million tons in 2007, up from 43 [...]

Shanghai-Luxembourg Cargo Airline to Be Opened

Yangtze River Express Airlines is to start the country’s first Sino-European cargo airline in August, in a move to explore the overseas freight market and secure a financial turnaround.
The company received a new Boeing 747-400 aircraft on Friday and plans to fly it on the Shanghai-Luxembourg air route four times a week.
Sun Hongxiang, the new [...]

Tyson Says to Continue Its Business in China

Tyson Foods Inc. said on Monday that it will continue to do business in China, while noting it was working with both U.S. and Chinese government to get the tainted food matter resolved.
Tyson’s Chief Executive Richard Bond spoke highly of the business in China on a conference call, saying: “They are an excellent trading [...]

Guangdong to cap grain prices

Guangdong will implement an emergency price control plan on August 1 this year to prevent prices of grain from growing too fast, according to the Price Control Administration of Guandong Province, the Information Times reported today.
The price control measure will apply to various grain products such as rice and flour in both wholesale and retail [...]

Imports of wine doubled in Ningbo

The statistics from Ningbo customs showed that the imports of wine were 770 kiloliters in volume and 2.36 million dollars in Ningbo port in the first half of this year. It increased separately 1.9 times and 2.4 times compared to that of the same period of last year. It had been growing for 8 months. [...]

China’s coke export price up in 1st half

China’s coke export price rose slightly from 240~250 US dollars in June to 245~260 US dollars in July, according to sources from Steel Business Briefing (SBB).
A further coke export price growth is expected due to the rise in production costs in the rests of 2007.
Statistics from China Customs showed that China’s coke export dropped from [...]

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