industry

China strongly opposes the United States' preliminary ruling on dual investigations into steel tubes and woven sacks imported from China, a spokesman with the Ministry of Commerce (MOFCOM) said on Tuesday. The US Department of Commerce ruled on November 27 that Chinese companies ...
(Xinhua) The European Commission said Saturday it had launched anti-dumping investigations into candles and certain steel products imported from China. Several European candle producers, including Germany's EIKA and the Netherlands' Bolsius, lodged a complaint to the commission ...
(Xinhua) JINAN - Officials in Shandong announced personnel changes at two of China's largest steel makers that will pave the way for a merger, part of the larger rationalization of the steel industry. The new company will be China's second-largest iron and steel group. The ...
(China Daily) Many small and medium-sized steel manufacturers have raised their prices ahead of an expected price increase announcement by Baosteel, the nation's largest steelmaker. Jiangsu Shagang Group yesterday raised the factory price of screw steel by 240 yuan per ton. ...
Hong Kong Special Administrative Region (HKSAR) Chief Executive Donald Tsang gave priority to tackling economic challenges in the 2009-10 policy address delivered at the Legislative Council on Wednesday. Outlining policy directions for the coming year, the policy address was ...
Domestic grain prices have remained stable amid hikes in international prices, official figures have showed. Wheat prices on the Chicago Board of Trade surged more than 140 percent in March, while rice prices jumped more than 80 percent. Average grain retail prices on the Chinese ...
China's inflation in May is likely to fall from recent highs, but upstream inflationary pressure may have continued to build up, analysts said. The nation's consumer price index (CPI) is expected to grow 7.7 percent year-on-year in May, compared with 8.5 percent in April, said ...
Chinese ambassador to the World Trade Organization (WTO) Sun Zhenyu expressed on Monday serious concerns about the continuous depreciation of the US dollar and urged the United States to stabilize the currency. The continued depreciation of the dollar "aggravated the inflation ...
China's economy is forecast to grow at a slower annual rate of 10.4 percent in 2008 because of a deteriorating external environment and domestic tightening policy, a research report said. The gross domestic product (GDP) in the world's fastest-growing major economy expanded 11.9 ...
China's urban fixed-asset investment rose 25.6 percent year-on-year to 4.0264 trillion yuan ($575.2 billion) in the first five months of 2008, the National Bureau of Statistics (NBS) said Tuesday. The growth figure was 0.3 percentage points lower from the same period of last year...
Chinese shares sank on Monday's trading on weak confidence, with heavyweights, particularly PetroChina and Sinopec, leading the downward adjustment. The benchmark Shanghai Composite Index lost 2.52 percent, or 72.32 points, to 2,760.42 points. The Shenzhen Component Index went ...
(China Daily) China's leading steel company Sinosteel succeeded in its bid to gain control of Australian iron ore miner Midwest. Stock exchange documents show it now has a majority stake in the target company. Sinosteel bid A$6.38 ($6.12) cash a share for Perth-based firm. It now ...
Despite the huge subsidies and rise in gasoline and diesel prices, refineries under China's two leading oil companies incurred 5.71 billion yuan of losses in the first half of the year, said an industry association. From January to June, losses of refineries under China National ...
China's futures market witnessed a rapid growth in trade volume in July, led by an active trade in farm products such as sugar, soybeans, and aluminum. Trade volume hit 6.45 trillion yuan ($948 billion), representing an increase of 76 percent over the same period last year, ...
"When the real estate sector was booming, every morning, the first thing I did was to think how much I'd earned. Now, the first thing I do is think how much I've lost," says Liu Bin, a Shenzhen real estate investor. "I'm in a very awkward situation. All I can do now is to rent ...
China's revised foreign exchange rules, announced last week, have been taken as an enhanced effort to curb speculative capital inflow, but analysts said they mainly aimed to balance capital outflow and inflow and fill the loopholes in the previous forex regime. The new rules, ...
China's consumer price index (CPI), a measure of inflation, was up 6.3 percent in July, the National Bureau of Statistics said on Tuesday. The figure, compared with 7.1 percent in June and 7.7 percent in May, was broadly in line with most forecasts. Food prices, which account for ...
The government Wednesday announced the long-awaited national land-use policy till 2020 to address the rising conflict between its expanding industrial areas and shrinking arable land. Approved at a State Council executive meeting, presided by Premier Wen Jiabao, the policy says ...
Beijing hotels have performed well and reaped strong profit since the Olympic Games opened on August 8, according to global business advisory firm Deloitte. The auditing giant's review showed on the Games opening night revenue per available room (revPAR) in the Chinese capital's ...
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. Between January and May, China bought 84.89 million liters of wine ...
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