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China's State Companies Report Improving Profitability

Dec 28, 2015

Profit declines for China's state-owned enterprises (SOEs) continued but narrowed in November, the Ministry of Finance (MOF) said Friday. China's non-financial SOEs raked in 2 trillion yuan (309.1 billion U.S. dollars) in profits from ...

Tags: State Companies, Profitability

Mobile Internet Service Charges Is Cut in China

Apr 23, 2015

China is likely to cut mobile Internet service charges and increase traffic speeds. The average Internet connection speed in China stood at 3.14 megabytes per second in 2013Q1, which is lower than other countries'. It's expected that ...

Tags: mobile Internet service, China Mobile

China Monthly Purchasing Managers Index Rose to 50.8 Points in May

Jun 5, 2014

Chinese manufacturing grew for the third consecutive month in May, suggesting a slowdown in the world’s second-largest economy is stabilizing, a state-sanctioned industry group said Sunday. The China Federation of Logistics and ...

Tags: economic growth

China's Manufacturing Contracted But The Pace of Decline Was Less Severe

May 8, 2014

China’s manufacturing contracted in April for the fourth straight month but the pace of decline was less severe, suggesting the downturn in the world’s No. 2 economy is bottoming out. HSBC’s purchasing managers’ ...

Tags: Chinese Manufacturing, HSBC's purchasing

Nterflex Acquisition Company, LLC Will Be Expanding Its Operations in Wilkes County

Jan 13, 2014

Governor Pat McCrory and North Carolina Commerce Secretary Sharon Decker announced today that InterFlex Acquisition Company, LLC will be expanding its operations in Wilkes County. The company plans to create 63 new jobs and invest more than ...

Tags: Packaging Company, Wilkes County

China's Cabinet Estimates This Year's Economic Growth Edged Down to 7.6%

Dec 26, 2013

China's Cabinet estimates this year's economic growth edged down to 7.6 percent and warned it faces pressure to decline further, a state news agency said Thursday. The forecast, reported by the Xinhua News Agency, is below the 2012 rate ...

Tags: Service, Economy

Yukos Was Preparing for a Game-changing Merger with Another Private Russian Oil Company

May 24, 2013

In 2003, Yukos was preparing for a game-changing merger with another private Russian oil company, Roman Abramovich's Sibneft, to create a 2.3 million b/d Russian oil producing giant. The deal was scuppered, however, in large part because ...

Tags: Yukos Demise, Giant Oil Producer

State-owned PetroChina Has Refuted Local Reports That It Restricted Natural Gas Supplies

May 9, 2013

State-owned PetroChina has refuted local reports that it restricted natural gas supplies in some areas of northern China in order to force the government's hand in raising prices and accelerating gas pricing reforms. Local media, ...

Tags: PetroChina, Gas Supplies

The U.S. Senate Will Debate Legislation This Week

Apr 24, 2013

The U.S. Senate will debate legislation this week that would empower states to collect sales tax from online businesses located outside their borders. The Senate could vote on the Marketplace Fairness Act as soon as Wednesday. On Monday, ...

Tags: Senate, Transportation

Sinopec Would Boost Supplies of Oil Products to Central Sichuan Province

Apr 23, 2013

State oil companies China Petroleum & Chemical Corp., or Sinopec, and China National Petroleum Corp. over the weekend said they would boost supplies of oil products to central Sichuan province, following a major earthquake Saturday morning ...

Tags: oil companies, oil

Chinese and Kazakh State Companies Have Signed an Agreement

Apr 11, 2013

Chinese and Kazakh state companies have signed an agreement to expand the existing China-Kazakhstan crude oil pipeline, China National Petroleum Corp said Monday on its website. The agreement was signed Saturday during talks held between ...

Tags: crude oil pipeline, crude oil

Apple Issued an Apology to Chinese Consumers

Apr 2, 2013

APPLE has issued an apology to Chinese consumers after government media attacked its repair policies for two weeks in a campaign that reeked of economic nationalism. A statement Apple posted in Chinese on its website on Monday said the ...

Tags: Apple, Computer Products, Consumer Electronics

The Brazilian Government Plans to Auction an Investment of New Railways in April and June

Jan 25, 2013

Reportedly, the Brazilian government plans to auction an investment of new railways worth BRR 91 billion in April and June. According to the top official at Brazil’s steel planning company, Vale SA, MRS Logistica and ALL America ...

Tags: Brazil, Investment, Railways

China Announced The Results of Its Second Shale Gas Bidding Round

Jan 23, 2013

China on Monday announced the results of its second shale gas bidding round, awarding the 19 blocks on offer to 16 domestic companies. The winners were announced at a press conference held by the Ministry of Land and Resources. ...

Tags: China, shale gas bidding, gas industry

The Country's Gas Companies Expect to Be Able to Cope with Increased Winter Gas Demand

Jan 11, 2013

Despite record low temperatures in China, the country's gas companies say they expect to be able to cope with increased winter gas demand in the coming weeks. Sinopec said Tuesday on its website that it had been implementing several ...

Tags: gas companies, gas, gas demand, PetroChina

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