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1. Yuan predicted to climb
(Logistic - Business development / Sales)

THE yuan is expected to move in a narrow range this week after the interest rate rise which sent the currency to new highs last week.

Analysts still predict that the yuan will keep climbing amid optimism as more interest rate rises are expected in the following quarters to rein in investment and rapid economic growth.

The Chinese currency closed 7.7280 against the US dollar on Friday, up from the 7.7360 a week earlier.

The yuan has gained 6.7 percent since July 2005, when China ended the peg of 8.28 yuan to the greenback and weighed it against a basket of currencies.

The central bank on March 17 raised the benchmark one-year lending rate by 0.27 percentage points to 6.39 percent and lifted the one-year deposit rate by the same amount to 2.79 percent.

The weekend action was the central bank's third rate increase since last year as part of its effort to rein in liquidity, keep consumer prices stable and apply the brakes to the sizzling economy.

Analysts said the rise was another interim step along China's long march to curb bulging credit and fulfill its commitment to increase the flexibility of its currency.
26-03-2007 |  1351 Hit(s) | (0 vote)

2. China Eastern Airlines starts direct charter flight service across the Taiwan Strait
(Logistic - Business development / Sales / Advertising / PR / Marketing / Legal / Production / Purchasing)

Even as Chinese authorities intend to open Taiwan-bound routes for its residents in near future, in a significant development for Chinese mainland airlines, China Eastern became the first carrier from China to operate return flights across the Taiwan Strait between Shanghai and Taipei during the Spring Festival.

19-02-2007 |  268 Hit(s) | (0 vote)

3. Schneider wins China logistics license
(Logistic - Business development / Sales / Advertising / PR / Marketing / Legal / Production / Purchasing)

Schneider National Inc., the largest trucking company in the United States, said on Friday it had won a license to operate as a domestic carrier and logistics service provider in China.

19-02-2007 |  324 Hit(s) | (0 vote)

4. China Will Continue Charging Airport Construction Fee
(Logistic - Business development / Sales / Advertising / PR / Marketing / Legal / Production / Purchasing)

China's Ministry of Finance has just issued a circular on the government's fund policy in 2007, including information about the airport construction fees levied on air tickets.

Approved by the State Council, China will continue to levy airport construction fees this year. This is the sixteenth year that China's civil aviation department had levied an airport construction fee, and the fee has been increased from RMB15 to RMB50 over the years.

19-02-2007 |  274 Hit(s) | (0 vote)

5. China rail program takes off like a shot
(Logistic - Business development / Sales / Advertising / PR / Marketing / Legal / Production / Purchasing)

China has launched its first bullet train, which has a maximum speed of 250km/h, demonstrating that it is determined to develop its high-speed railway network.

The new train debuted at 8:30am on January 28, traveling from Shanghai South Railway Station to the city of Hangzhou, provincial capital of Zhejiang.

09-02-2007 |  301 Hit(s) | (0 vote)

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