Dim forecast for China’s June foreign trade data

China’s foreign trade outlook for June was not optimistic, with exports continuing to drop and imports shrinking from the previous scale, market analysts said Wednesday. “The credit squeeze is taking a toll on small and…

Shenhua wins 40% stake in coal project

BEIJING – Shenhua Group Corp Ltd is to get a 40 percent share in developing Mongolia’s Tavan Tolgoi coalfield, the world’s largest untapped source of coal, which will help the country to further diversify its…

Rapid service sector gains persist

New orders, employment climb in HSBC-Markit survey for June BEIJING – China’s service industries expanded at the second-fastest pace this year as new orders and employment climbed, supporting growth amid the Chinese government’s campaign to…

Officials promote Hainan tourism in Sweden

Stockholm – Tourism officials from China’s Hainan province are in Sweden to lure more tourists to the island with the charm of sunshine and tropical exoticness. “Our purpose of this trip is clear,” Wang Yangjun,…

China invests $12.67 billion in Brazil

China stepped up its investments in Brazil in a big way with fresh investment of about USD 9 billion, taking its overall foreign direct investment in that country to USD 12. 67 billion as the…