China – Page 4 – City Business News

December 31, 2021 No Responses

World’s Largest Ethane Carrier Delivered In China

Pacific Ineos Belstaff, the world’s largest very large ethane carrier (VLEC), has been named and delivered in China. . The naming and delivery ceremony took place at Shanghai Jiangnan Changxing Heavy Industry shipyard on 28 December 2021, China State Shipbuilding Corporation (CSSC),...

December 3, 2021 No Responses

Countries Reach Deal To Cut Trade Costs

Members of the World Trade Organization (WTO) have agreed on a landmark deal that could cut trade costs by £113bn a year. Some 67 members agreed to cut red tape around licensing and qualifications. The signatories, which include the UK,...

November 1, 2021 No Responses

Oil Falls As China Rolls Out Reserves

Oil prices dropped on Monday as China’s release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a November 4, 2021 meeting of major crude producers that could increase future production targets....

September 5, 2021 No Responses

China To Open Third Stock Exchange

China has announced plans to set up a third stock exchange to serve small and medium-sized businesses. President Xi Jinping said the new share market will be in the capital Beijing, during a speech to the International Fair for Trade...

June 5, 2021 No Responses

US Bans Investment In China’s Shipbuilders

The Biden administration has banned U.S. investments in Chinese companies allegedly linked to China’s military, expanding hard-line policies introduced by the previous administration. The executive order bans American citizens from investing in some of...

April 8, 2021 No Responses

Beijing Now Has More Billionaires Than Any City

Beijing is now home to more billionaires than any other city in the world, according to the latest Forbes’ annual rich list. The Chinese capital added 33 billionaires last year and now hosts 100, said the business magazine. This narrowly...

March 22, 2021 No Responses

Nigeria Partners Chinese Investors On Irrigation Farming, Rice production

The Nigerian Government has endorsed a partnership between the All Farmers Association of Nigeria (AFAN), investors linked to the Chinese government, as well as Brains and Hammers private firm to boost irrigation farming. The partnership ...

March 22, 2021 No Responses

Saudi Aramco To Prioritise Energy Supply To China For 50 years

Saudi Aramco will ensure China’s energy security remains its highest priority for the next 50 years and beyond as new and existing energy sources run in parallel for some time, CEO Amin Nasser told the China Development Forum on Sunday.Saudi Arabia,...

January 25, 2021 No Responses

China Takes New Foreign Investment Top Spot From US

China has overtaken the US as the world’s top destination for new foreign direct investment, according to UN figures released on Sunday. New investments into America from overseas companies fell by almost half last year, leading to the loss of...

December 28, 2020 No Responses

China Declares $7.77b Auto Export In November

China’s automobile imports and exports expanded further in November, according to data released by the China Association of Automobile Manufacturers (CAAM). Last month, the import and export volume of automobile commodities totaled 16.3 billion U.S. dollars,...

November 17, 2020 No Responses

China Exempts 97 Per Cent Of Burkinabe Products From Customs Duties

The Chinese embassy in Burkina Faso has presented a mechanism for exempting 97 per cent of products of Burkinabe origin from customs duties, in order to “boost trade cooperation” by increasing the volume of exports to its market, according to off...

November 16, 2020 No Responses

Fifteen Countries Seal World Biggest Trade Deal

Fifteen countries have formed the world’s largest trading bloc, covering nearly a third of the global economy. The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 Southeast Asian countries, as well as South Korea, China, Japan, Austra...

March 27, 2020 No Responses

US Overtakes China With Most Coronavirus Cases

The United States now has more confirmed cases of coronavirus than any other country, with more than 85,500 positive tests. According to the latest figures collated by Johns Hopkins University, the US has overtaken China (81,782 cases) and Italy (80,589)...

August 31, 2019 No Responses

COSCO Shipping Declares 5.4 Per Cent Increase In Throughput

Despite the ongoing trade war between China and the US, Hong Kong-based port operator COSCO Shipping Ports ended the first six months of this year with a total throughput rise of 5.4 percent year on year (yoy). The total container...