Conditions of foreign-funded enterprises here have deteriorated in the past four months amid the global financial crisis, according to a municipal government report on Monday. In the first 11 months of 2008, such enterprises had a 17.7 percent rise in operating income and a 9 percent rise in profits year-on-year, compared with 25.8 percent and 67.6 percent, respectively, last year. Conditions chan
Technical trade barriers affected 34.6 percent of Chinese exporters in 2007, up 3.2 percentage points from the previous year, a top industry regulator said in Beijing on Tuesday. Direct losses from such barriers totaled 49.5 billion U.S. dollars, up 13.5 billion U.S. dollars from 2006, according to a report by the General Administration of Quality Supervision, Inspection and Quarantine. The report
Tianjin Port, the largest in north China, handled 354 million tons of cargo by Tuesday evening, said an official of Tianjin Port Group. The port handled 8.5 million twenty-foot equivalent (TEU) units of containers in the past year, up 19.7 percent year-on-year. When Tianjin Port opened in 1952, it was a small, shallow-water harbor capable of handling less than 700,000 tons of cargo a year. It has
Three amended regulations, on highway management, waterway transport and shipping route management, will come into force on Jan. 1, 2009, according to a State Council decree signed by Premier Wen Jiabao. The amended regulation on highway management stipulates that funds for highway construction may come from channels including the central and local government budget, sino-foreign joint venture, an
Spot polyethylene (PE) demand and prices rose a few cents last week according to trading platform, The Plastics Exchange (TPE; www.theplasticsexchange.com), with brokers and distributors wading into a market whose prices are off 60% from their summer peak. TPE says the broader market acknowledgement that a floor has been reach in spot prices has prompted greater activity in the market. High-densit
Compounder Teknor Apex Co. (Pawtucket, RI) has signed a licensing agreement with Cerestech Inc. to utilize that company’s method for blending thermoplastic starch (TPS) with synthetic polymers or other bioplastics for compounds that reportedly retain strong performance properties. Under the agreement, Teknor Apex gains exclusive worldwide rights to manufacture and market products based on Ce
The effects to the global economic downturn have been pervasive, reaching markets as far away as Australia and niche technologies as isolated as rotational molding. Leisa Donlan, CEO of Assn. of Rotational Moulders Australasia Inc. (ARMA; Ipswich, Australia) reported to MPW that recently announced manufacturing figures in the country were the worst in more than 25 years. “Despite attempts by
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