China plans to cut import duty rates on 26 types of goods such as frozen pork, blood albumin, human vaccine and cotton, announced the Ministry of Finance on Wednesday.
The adjustment is a move to meeting the strong demand for medicine in quake-hit areas, making up for the cotton supply gap before new cotton came out [...]
China may give green light to the qualified foreign institutional investors (QFII) to purchase commodity futures, said Lao Guangxiong, deputy general manager of the Shanghai Futures Exchange (SFE) at a meeting on Wednesday.
The move aims to build SFE a better platform for futures trading, and the futures exchanges in China will be the top choice [...]
Chinese fabric maker China Taisan Technology plans to raise S$55.9 million (US$41 million) from its initial public offering in Singapore.
It plans to sell 233 million shares at S$0.24 apiece. Taisan expects net proceeds from the listing to hit S$49.4 million, in which, about S$38.2 million will be used to update equipment, replenish operation capital and [...]
Dongfeng Motor Co., Ltd, China’s largest joint-stock auto maker, on Wednesday released its 2008-2012 development plan, targeting to sell more than 1 million vehicles with annual sales topping RMB 100 billion.
It plans to introduce 15 new models in the period, including 10 new models of passenger cars and 5 commercial cars.
Tags: Auto, automaker, Dongfeng
China Southern Airlines, the country’s largest carrier, will lift fuel surcharges on some other flights in addition to the projected increase for international flights, so as to cope with the impact of soaring oil prices, according to sources.
Starting from Jun.1, the surcharge on the flights from Korea to China, and routes between mainland China and [...]
The World Bank has granted a combined loan of US$441 million to three Chinese energy-efficient projects, accounting for nearly one-third of the bank’s budgeted lending to China in the 2008 fiscal year.
The move is to support the nation’s efforts to enhance energy efficiency and cut pollution, besides the other seven projects that the bank has [...]
