Chinese mainland’s home appliance giant Suning Appliance Co announced Wednesday it would purchase a leading consumer electronics retailer in Hong Kong, Citicall, with HK$35 million ($4.5 million).
China said Thursday to conduct an reexamination of the anti-dumping measures against mostly-used optical fiber imported from Japan and the Republic of Korea.
The western section of China’s No.2 West-East gas pipeline starts supplying gas on Thursday.
The pipeline now can transmit natural gas from central Asia to Xinjiang Uygur autonomous region.
The global economic meltdown impacted many of the clients of BT Frontline, which provides outsourcing services for the IT systems of docks and logistics companies. But its General Manager, Lawrence Low, is still satisfied with the company’s performance amid the financial crisis and confident about its future.
MOFCOM ‘resolutely opposed’ to trade protectionist measure
China yesterday decried a US decision to impose duties ranging from 10 to 16 percent on Chinese steel pipes, the biggest US trade case to date against the country, saying it had been made a scapegoat of protectionist interests.
The outlook for Chinese exports is still fairly grim next year, because demand from developed countries, including the United States and European nations, will not have sufficiently recovered, as unemployment in those countries is still too high said the Minister of Commerce, Chen Deming.
China and the Association of Southeast Asian Nations (ASEAN) kicked off the world’s largest free trade area (FTA) embracing developing countries Friday as businessmen and trucks loaded with vegetables and fruits thronged border markets.
Profits of China’s major industrial enterprises in the first 11 months rose 7.8 percent from the same period a year ago, the National Bureau of Statistics (NBS) said Monday.
China’s laws and regulations can often be confusing. Here are a few new ones that will take effect beginning in the 2010 New Year.