U.S. starts trade probes on Chinese stainless steel sinks

The U.S. government announced on Thursday that it was launching anti-dumping (AD) and countervailing duty (CVD) investigations on stainless steel sinks from China. The merchandise covered by the investigations are stainless steel sinks with single or multiple drawn bowls, with or without drain boards, whether finished or unfinished, regardless of type of finish, gauge, or…



Haixun 11: China’s most advanced patrol ship

Haixun 11 is China’s largest and most advanced patrol ships. The ship is 114 meters long with a water displacement of 3,249 tons and a maximum speed of 22 knots. Source: People Daily Online

Oil giants looking to add capacity, stockpile zone to port of Tianjin

China’s two biggest oil companies each plan to establish a 300,000-ton crude oil terminal in northern China’s Tianjin Port as part of the country’s strategy to increase oil supplies to Beijing and Tianjin. China Petrochemical Corp, or Sinopec Group, plans to start construction on the project next year, Yu Rumin, chairman of Tianjin Port, said…

High-speed rail construction not suspended

The construction of China’s high-speed railway was not suspended en masse and the country’s achievements in train transportation should not be overlooked despite some high-profile mistakes, a senior railway official said Friday. Development of key rail projects will be guaranteed and continued, said Wu Qiang, director of the transportation unit of the Ministry of Railways.

FedEx posts US$521 million Q3 profit, up 126pc as revenue rises 9pc

MEMPHIS based FedEx Corporation has posted a 126 per cent third quarter net profit increase to US$521 million, up 126 per cent year on year with revenue up nine per cent to $10.56 billion. “FedEx results were driven by improving yields, record holiday package shipping and exceptional performance at FedEx Ground,” said FedEx chairman, president…

Green and clean car promotions begin to pay dividends

New electric cars on display at Jiading Auto City, Shanghai. (Photo / Provided to China Daily) Despite lingering consumer doubts about the technology and practicality of electric vehicles, the Chinese government and automakers are pushing ahead with the development of green cars.

Jura-Mope-Sea 201201 Edition

Beijing leads China’s service trade

Currently, the service trade scale of Beijing accounts for more than 20 percent of that of China. It is expected that, by 2015, the service trade scale of Beijing will reach 120 billion U.S. dollars and the international service trade outsourcing scale of Beijing will reach between 3.5 and 5 billion U.S. dollars.

Oil belt cleaned up after Singaporean ship hits reef

An oil belt floating off the coast of southeast China’s Fujian province has been mostly cleaned up after a Singapore-registered ship struck a nearby reef last week, local maritime authorities said Wednesday. About five cubic meters of heavy oil and four tonnes of wastewater have been salvaged from the spill so far, with no new…

Qingdao ore terminal ready to open this year

Containers unloaded from trucks at Qingdao port in Shandong province. The port intends to build a 300,000-ton oil terminal this year, in addition to the 400,000-ton Dongjiakou ore terminal. (Photo / China Daily)

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