Jordan calls for more Chinese investments

Jordan’s business community Saturday called for more Chinese investments in the kingdom, official news agency Petra reported.
“The private sector seeks to have advanced relations with China and is working to attract Chinese investments into the kingdom,” president of the Jordan Chamber of Commerce Haider Murad said when meeting a delegation from the Chinese Bank for [...]

Slowing exports push business up or out

Slowing exports in China is pushing many low-cost manufacturers out of business and forcing others to either merge or restructure.
Although the process may seem painful, especially at a time of tightening bank credit, economists and industry experts say it can help the economy achieve a more balanced, and therefore, more sustainable growth in the longer [...]

Iron ore handling charges rise by 11%

Rizhao Port Co, China’s biggest iron ore port, said it will raise handling charges by 11 percent for the steel making mineral, as stockpiles remain high.
From September 1, the handling fee will be raised to 30.50 yuan (US$4.46) a ton from 27.50 yuan, for imported iron ore at its port, the Shandong Province-based company told [...]

China imports less LPG in first half year

China’s liquefied petroleum gas (LPG) import declined by a double-digit rate in the first six months of this year, as importers’ enthusiasm was dampened by price gap between domestic and overseas markets, the General Administration of Customs said on Sunday.
From January to June, China imported 2.8 million tons of LPG and other hydrocarbon gases, a [...]

China imports more wine on high demand

China’s wine import continued to grow in the first five months of this year, thanks largely to tariff-cuts, strong demand at home and high profits for dealers, according to the General Administration of Customs.

Tags: imports, Wine

Auto imports up nearly 50% in first 7 months

China’s auto import grew faster in the first seven months of this year, as world auto giants turned to the Chinese market after the US economic slump and rocketing oil prices drove sales down on US and European markets, the General Administration of Customs said on Sunday.
Domestic demand for large-engine vehicles also strengthened as many [...]