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Foreign-funded firms in Shanghai slow as global recession intensifies2008-12-31 10:36:02
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 affect one-third of China's exports: study2008-12-31 10:31:36
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
China's Tianjin Port container throughput up almost 20% in 20082008-12-31 10:28:18
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
Amended Chinese highway, waterway transport, shipping route regulations to go into force2008-12-31 10:27:04
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
China to raise export tax rebates for machinery products2008-12-30 11:30:19
China will increase the export tax rebates for some machinery products as of Jan. 1, 2009, in a bid to alleviate cost burdens on exporters, the country's taxation watchdogs said Monday. The rebate hikes will involve 553 types of high-tech and high value-added mechanical and electrical products, the Ministry of Finance (MOF) and the State Administration of Taxation announced. Export tax rebate rate
China's main steel plants lose nearly $1.9 bln in November2008-12-30 11:28:17
The country's main steel plants posted a loss of 12.77 billion yuan (1.87 billion U.S. dollars) in November, the second monthly net loss after October, according to the latest data released by China Iron and Steel Association (CISA) on Monday. In the month, 48 out of the 71 steel makers were in the red, with a combined loss at 14 billion yuan. The number climbed from 42 in October, when losses wer
Hong Kong's exports, imports fall sharply in November2008-12-30 11:27:18
The value of Hong Kong's total exports and imports dropped 5.3 percent and 7.9 percent respectively in November on the same month last year in the global economic downturn, revealed the Census and Statistics Department here Monday. The value of exports was 231.2 billion HK dollars (30 billion U. S. dollars) while imports value was 239.3 billion HK dollars ( 31 billion U.S. dollars). The value of r

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