A more stringent vehicle emission standard equivalent to the Euro III will begin on Sunday, said China’s environmental regulator. And the sale and licensing of Euro II vehicles will expire a year later.
The State Environmental Protection Administration (SEPA) said that as the world’s second-largest vehicle market and third-largest vehicle producer, China’s rapidly growing car sales [...]
China inaugurated a harbor area with preferential tax rates on Thursday in the northeastern city of Dalian, a major step towards forming a free trade zone between China, Japan and the Republic of Korea (ROK).
The Dayaowan Bonded Harbor Area, located at the Dagushan Peninsula in the northeastern part of Dalian, enjoys preferential taxation and foreign [...]
Energy prices rallied yesterday after the government reported a surprising drop in US stockpiles of gasoline and distillates such as heating oil and diesel fuel.
Other commodities finished mixed as gold and silver prices slipped, industrial metals made modest gains and agriculture product prices reacted to changing weather patterns, The Associated Press reported.
The Energy Information Administration [...]
Oil futures spiked above US$70 a barrel yesterday for the first time since September 1 on a government report that showed gasoline inventories dropped unexpectedly as the summer driving season neared its peak.
Retail gasoline prices, meanwhile, broke a monthlong decline and held steady overnight at a national average price of US$2.975 a gallon (78 cents [...]
Commodity markets ended a difficult week on a high as oil prices surged higher, grains prices rose and gains for copper provided support for base metals.
Much of the commodities complex came under pressure early in the week as risk appetite weakened in the face of rising bond yields.
However, oil prices led a rally, bouncing back [...]
China, the world’s biggest producer and consumer of cotton, may reduce imports by 32 percent this year, pressuring international prices, as a record domestic crop boosts supplies.
Imports may fall to 2.8 million metric tons in the marketing year through August, as output is forecast to rise 25 percent to 7.1 million tons, Shi Jianwei, vice [...]
