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China’s CSP, Abu Dhabi Ports launch new terminal

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Abu Dhabi : China’s COSCO Shipping Ports Limited (CSP) and Abu Dhabi Ports inaugurated on Monday a new terminal at Khalifa Port. The terminal was formally inaugurated at a ceremony by Sheikh Hamed bin Zayed Al Nahyan, chief of Abu Dhabi crown prince’s court. The ceremony was also attended by Sheikh Theyab bin Mohamed bin Zayed Al Nahyan, chairman of ... Read More »

China Defrauded Sri-Lanka To Seize Hambantota Port: US Lawmaker

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Colombo : Sri Lanka was forced to hand over the strategic Hambantota Port to China, due to Beijing’s debt-trap policies. This was stated by a powerful US lawmaker on Tuesday sought an end to the Chinese debt trap. China was defrauding small countries with nonviable infrastructure projects and was charging exorbitant rates that the poor countries could not afford, alleged ... Read More »

Exclusive: China’s Unipec to buy U.S. oil after Xi-Trump tariff truce

Donald Trump the campaigner talked tough on China: He threatened to slap tariffs of 45% on Chinese exports, and promised to label Beijing a "currency manipulator."Full credit: Ian Berry/CNNMoney/Shutterstock

BEIJING/SINGAPORE: Chinese oil trader Unipec plans to resume U.S. crude shipments to China by March after the Xi-Trump deal at the G20 meeting reduced the risk of tariffs being imposed on these imports, three sources with knowledge of the matter said. The sources told Reuters that Unipec – trading arm of state refiner Sinopec (600028.SS) – is looking to import ... Read More »

China export growth slows in November: Customs data

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China’s export growth slowed last month weighed down by slowing global demand and trade tensions with the United States, official data released Saturday showed. Exports rose 5.4 per cent for November on-year, short of the 9.4 per cent forecast by Bloomberg News, while imports rose 3.0 per cent on-year, also below the forecast, according to customs administration data. China’s overall ... Read More »

Vietnam, China deepen agricultural cooperation

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Shanghai : Vietnamese Deputy Minister of Agriculture and Rural Development Tran Thanh Nam on December 3 had a meeting with Chinese Deputy Minister of Agriculture and Rural Affairs Qu Dongyu, during which they expressed their delight at the sound collaboration between the two ministries across the fields of plantation, husbandry and aquaculture. Discussing measures to develop agriculture and rural areas ... Read More »

China’s import, export figures running ahead of last year

FILE - In this Feb. 23, 2015 file photo, container ships wait to be unloaded at the Port of Los Angeles. China has raised tariffs on $60 billion of U.S. imports in an escalation of their trade battle following a deadline for President Donald Trump’s latest increase. (AP Photo/Nick Ut, File)

Shanghai : China’s trade volume from January through mid-November surpassed the full-year value for 2017, setting the stage for another record year in spite of rising challenges, customs figures showed on Saturday. The General Administration of Customs (GAC) said the value was nearly 15 percent higher than the same period of 2017, without providing detailed figures. Foreign trade stood at ... Read More »

China Oct alumina exports to Iceland top 100,000 T -customs

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BEIJING: China sent 102,100 tonnes of alumina to Iceland in October, according to data released by the General Administration of Customs on Monday. The Nordic country, where companies including Alcoa and Rio Tinto have aluminium smelters, was the biggest recipient of China’s booming alumina exports last month, the data showed. China in October exported a total of 460,072 tonnes of ... Read More »

China’s icebreaker Xuelong makes port call at Australia’s Hobart

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Sydney: The icebreaker, also known as the Snow Dragon, is on China’s 35th Antarctic research expedition. During the stay in Hobart, the research team will upload supplies including fuel and food, as well as some research equipment, said Han Yanji, an official in charge of general management of the Antarctic mission. Some 26 researchers will also board the vessel here, ... Read More »

U.S. Sanction Waivers Boost China’s Demand For Iranian Oil

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Shanghai : Iran’s largest oil customer China is set to continue importing robust volumes of Iranian crude at least through the end of this year thanks to the U.S. waivers to eight countries that will allow them to keep importing oil from Tehran at reduced volumes until early May next year. To be sure, even before the U.S. granted the ... Read More »

China eases customs for Korean chemical drugs

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Shanghai : China will carry out customs inspection on Korean chemical medicines only once at the initial stage and exempt them from inspections thereafter, the Korean government said. As it took about two to four weeks for Korean chemical drugs to go through Chinese customs, the new measure will significantly reduce the customs time. The Ministry of Food and Drug ... Read More »

Third in India’s vicinity, China to build $1.3-bn deep-sea port in Myanmar

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Shanghai : China has clinched a multi-billion-dollar deal to build a port at a strategic town along the coast of the Bay of Bengal in Myanmar, its third project in India’s neighbourhood after Sri Lanka and Pakistan. China and Myanmar signed an agreement to build the deep sea port project in Kyaukpyu town after negotiations dragged for years due to ... Read More »

China gets mixed signals on October business data

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BEIJING: China’s business activities were mixed in October, as retail sales grew at the slowest pace in five months, while growth in industrial output and investment accelerated. Retail sales in China rose 8.6% in October from a year earlier, slowing from a 9.2% on-year gain in September, the National Bureau of Statistics said Wednesday. October’s rise missed a median forecast ... Read More »

China’s exports to U.S. increase

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BEIJING : Growth in Chinese exports to the United States ticked up in October as traders rushed to beat a new tariff increase in a battle over Beijing’s technology policy. Shipments to the United States, China’s biggest market, have been unexpectedly resilient since President Donald Trump started imposing punitive tariffs on goods in July in a fight over Beijing’s technology ... Read More »

China’s CNPC to take oil from Iranian fields it owns as normal

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SHANGHAI : China National Petroleum Corp (CNPC) is continuing to take oil from Iranian oilfields where it has ownership stakes, even after the United States re-imposed sanctions on the country’s oil sector, a company executive said on Friday. The state-owned oil giant entered Iran in 2004 when it acquired the MIS oilfield, in which it now holds a 75 percent ... Read More »

Dubai sues China’s Merchants Port (By Paul Nyakazeya)

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Dubai : UNITED Arab Emirates’ (UAE) DP World Limited and its subsidiaries has taken legal action against China for building an international free zone on a terminal being disputed with Djibouti. The lawsuit was filed in the High Court of Hong Kong for unlawfully procuring and inducing the Republic of Djibouti to breach various agreements between the African country and ... Read More »

China’s Iranian crude imports fall 34 percent in Sept -customs data

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BEIJING, Nov 1 (Reuters) – China’s crude oil imports from Iran in September fell sharply from the same month last year, a sign that China has curbed its purchases from the Islamic republic as Washington prepares to re-impose sanctions on Tehran’s oil sector. Shipments from Iran stood at 2.13 million tonnes in September, or 518,300 barrels per day (bpd), down ... Read More »

China’s September Iran crude imports fall 34 percent, U.S. shipments doubled: customs

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BEIJING : China’s crude oil imports from Iran in September fell sharply from the same month last year in a sign that China has curbed its purchases from the Islamic republic as Washington prepares to re-impose sanctions on Tehran’s oil sector. Data from China’s General Administration of Customs showed China brought in 2.13 million tonnes of Iranian crude oil in ... Read More »

Lifestyle Upgrade Driving Imports to China

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China is becoming a significant market for imported goods, driven by consumers’ growing desire for a lifestyle upgrade as their incomes rise, according to a report out Wednesday. The report, a joint effort by Deloitte China, the China Chamber of International Commerce and AliResearch, noted robust economic growth in China has added to the numbers of middle-to-high-income consumers. Those consumers ... Read More »

China September Soybean Imports From Brazil Jump 28 Pct On year : Customs

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BEIJING: China’s purchases of Brazilian soybeans in September jumped 28 percent from the prior year, data from the General Administration of Customs showed on Thursday, as buyers stocked up ahead of an expected shortfall in the fourth quarter. This is the first time that China has provided data on the country of origin for its commodity imports since the month ... Read More »

China iron ore futures hit near eight-month high as stockpiles fall

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MANILA :Chinese iron ore futures climbed to their highest in almost eight months on Monday, supported by firm demand for the steelmaking raw material in the world’s top consumer as stockpiles at its ports dropped last week. Inventories of iron ore at China’s major ports fell 150,000 tonnes from the previous week to 143.85 million tonnes on Friday, data compiled ... Read More »