China gives COSCO $6.3bn takeover of OOCL last-minute go-ahead
China’s anti-monopoly bureau has given the green light to COSCO’s $6.3bn takeover of OOIL, including its container arm, OOCL.
US tariffs on China first blast in trade war
The United States will start imposing 25 percent tariffs on Chinese imports after midnight Thursday, firing a salvo in a trade war that analysts said would sour relations between the two countries while hurting businesses, consumers and the world economy.
China’s steel base to further slash capacity
Hebei province is to continue huge capacity cuts in the next three years, according to a government plan announced on Wednesday.
The EU Is Preparing Enormous New Tariffs on U.S. Goods if Trump Follows Through on His Cars Threat
The European Union is reportedly preparing to slap tariffs on up to $300 billion of U.S. products, if the White House goes ahead with its threatened tariffs on auto imports from the EU.
Chinese yuan weakens to 6.5569 against USD Wednesday
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 389 basis points to 6.5569 against the U.S. dollar Wednesday, according to the China Foreign Exchange Trade System.
Yangpu Sinowell Shipping crisis escalates, operations suspended
Chinese domestic container shipping operator Yangpu Sinowell Shipping is now in deep financial trouble with the company’s shipping business suspended due to its business partners taking legal action against the company.
Chinese yuan weakens to 6.4893 against USD Monday
The central parity rate of the Chinese currency renminbi, or the yuan, weakened 89 basis points to 6.4893 against the U.S. dollar Monday, according to the China Foreign Exchange Trade System.
Trump Targets $200 Billion in Chinese Imports as Trade Spat Grows
President Donald Trump is threatening to slap tariffs on another $200 billion in Chinese imports as trade tensions between the world’s two largest economies reach new heights.
China is celebrating Dragon Boat Festival by racing dragon boat and eating Zongzi
China is celebrating the Dragon Boat Festival. It is an interesting and traditional festival in China. People used to celebrate by racing dragon boat, making zongzi and eating it.
Cargo ship en route Kolkata from Andhra Pradesh catches fire, 22 Sailors Rescued
A cargo ship named MV SSL Kolkata was carrying 10,683.51 metric tonne of cargo in 464 containers from Krishnapatnam in Andhra Pradesh to Kolkata. Almost the entire cargo was damaged in the fire.
Eid Mubarak! 20 WhatsApp greetings to wish your loved ones on Eid al-Fitr
Eid al-Fitr marks an end to the holy month of Ramadan. Here with 20 WhatsApp greetings.
What is EID?What does Eid Mubarak mean and what reply to the greeting on Eid ul-Adha?
Eid Mubarak or (Arabic: عيد مبارك) is a traditional Muslim greeting. Eid means celebration, Mubarak means Blessed. Literally translates to wishing your friends a blessed holiday.
In Vietnam, Protests Highlight Anti-Chinese Sentiment
More than a dozen protesters were detained in Hanoi on Sunday following demonstrations against proposed special economic zones which could potentially favor Chinese investors.
China’s foreign trade up 8.8% in first five months in 2018
China’s foreign trade up 8.8% in first five months in 2018 BEIJING — China’s goods trade rose 8.8 percent year on year to 11.63 trillion yuan (about $1.82 trillion) in the first five months, customs data showed on June 8. Exports rose 5.5 percent year on year to 6.14 trillion yuan in the January-May period…
China New Customs Policy! Manifest Rule Changes on Import & Export!
China Customs has released Order No.56 to adjust inbound manifest rule which is to take effect on 1th June,2018.