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Number of new businesses opening declines in Cambodia [2009-02-06]
Tags:Basin Taps Ball Valves Pipe Fitting The number of businesses that opened in 2008 declined after years of steady growth, Cambodian national media reported Wednesday. In 2008, 2,744 new businesses registered with the Commerce Ministry, compared to 2,826 new openings in 2007, the Cambodia Daily newspaper said, citing data from the ministry. Overall in the period from 1988 to Jan. 30 of this year, 18,910 businesses opened and 1,561 closed, according to the data. &nbs...
China upset about India toy ban, likely to ask WTO for settlement [2009-02-06]
Tags:Basin Taps Ball Valves Pipe Fitting The Chinese government protests India's ban on Chinese toy imports, saying likely to ask the World Trade Organization to probe into the case if the ban violates WTO laws, the English language newspaper China Daily Newspaper reported on Wednesday. The move came after India announced a six-month ban on toy imports from China on Jan. 23. However, the Indian government gave no reason for the ban effective immediately. The Indian media said it was aimed at ...
Manufacturing contracts for 4th month in January [2009-02-06]
Basin Taps Ball Valves Pipe Fitting China's manufacturing activity contracted for a fourth straight month in January as the global economic downturn takes a toll on the country's economy. But the manufacturing also showed improvement for a second consecutive month following a series of government policies to support the weakening economy. The Purchasing Managers' Index (PMI) of China's manufacturing sector rose to 45.3 percent from 41.2 percent in December and a ...
Australian Lower House passes gov't stimulus plan for economy [2009-02-06]
Basin Taps Ball Valves Pipe Fitting The Australian government's 42 billion dollars (26 billion U.S. dollars) economic stimulus package passed by the Lower House of parliament Thursday after a 15-hour debate. The MPs entered the chamber at 04:55 a.m. local time Thursday to start voting on six bills implementing the package which aims to head off a looming recession. But there's little chance the government will be able to meet its deadline of Thursday for both houses of parliament to pass its legislatio...
Guangdong to spend $4 bln to aid rural workforce [2009-02-06]
Basin Taps Ball Valves Pipe Fitting More than 30 billion yuan (4.4 billion U.S. dollars) is to be pumped into helping jobless rural workers get back to work, the Guangdong provincial government said this week. Improving employment for migrant workers in Guangdong will be the top priority as the southern province steps up efforts to enhance development of agriculture and rural areas over the next four years, it said. The notice on Tuesday coincided with the release of the central...
Premier Wen: China can be first to recover from crisis [2009-01-15]
Basin Taps Ball Valves Pipe Fitting The country could be the first to recover from the global financial crisis, and will introduce more measures in the next two months to bolster the economy, Premier Wen Jiabao has said. "Our aim is to be the first to recover from the financial crisis. We must have faith and determination," Wen said on a tour of export powerhouse Jiangsu province over the weekend. The government will put forward a series of new measure...
Nepal welcomes Chinese investment [2009-01-15]
Tags:Basin Taps Ball Valves Pipe Fitting Nepal desperately needs investment from countries like its neighbor China, especially at a time when the world is undergoing an economic recession, said Nepali Finance Minister Baburam Bhattarai. Addressing a high level roundtable financial meeting focused on attracting Chinese investments in Kathmandu on Sunday, Bhattarai assured an economic revolution in the country within a few years. The meeting hosted to highlight the "China-Nepal Economic Cooper...
China allows small-, mid-sized banks larger lending room to support economy [2009-01-15]
Tags:Basin Taps Ball Valves Pipe Fitting China's small- and mid-sized commercial banks will be allowed bigger room in lending, the country's banking regulator said here Saturday in its latest effort to ease credit for the slowed economy. The loan-deposit ratio of small- and mid-sized lenders can exceed the required level "by a proper margin", said the China Banking Regulatory Commission (CBRC) in a statement on its website. The CBRC prohibits Chinese commercial banks from lending out more than 75 percent of their total de...
Economist: China could lose nearly 4 mln jobs in 2009 [2009-01-15]
Ball Valves Pipe Fitting Basin Taps China is likely to lose 3.9 million jobs in 2009 compared with 2007 if GDP growth slows to 8 percent, said Cheng Siwei, a renowned economist here. Cheng, former vice chairman of the Standing Committee of the National People's Congress, said at a forum on capital market on Saturday that one percentage drop in GDP growth may bring a loss of one million jobs. He noted China maintained an economic growth of 11.9 percent in2007, creating an additional 1...
Brazil's agricultural exports hit record high in 2008 [2009-01-15]
Tags:Ball Valves Pipe Fitting Basin Taps Brazil's agricultural export reached a record 71.9 billion U.S. dollars in 2008, up 23 percent from 58.5 billion dollars in 2007, the country's Agriculture Ministry said Friday. Its agricultural imports totaled 11.8 billion dollars in 2008, up 35.8 percent from that in 2007. It was the first time the country's agricultural imports surpassed 10 billion dollars. Meanwhile, trade surplus in the agricultural sector also reached a record 60 billion dollars. &n...
Ecuador ends oil contracts due to low prices [2009-01-15]
Tags:Ball Valves Pipe Fitting Basin Taps Ecuador will end its oil contracts with companies in France and Italy due to low prices, Mining and Oil Minister, Derlis Palacios, said on Friday. He said current international oil prices made it difficult for his country to benefit, while it was paying high production costs to France's Perenco and Italy's Agip. Meanwhile, Palacios said Ecuador would fulfill its agreement with the Organization of Petroleum Exporting Countries (OPEC) to cut oil product...
Brazil registers $24.7 bln of trade surplus in 2008 [2009-01-07]
Brazil's trade balance registered an accumulated surplus of 24.7 billion U.S. dollars in 2008, 38 percent down from the 40 billion dollars of surplus registered in 2007, the country's Development, Industry and Foreign Trade Ministry announced Friday. The Ministry attributed the sharp reduction to the impacts of the ongoing global financial crisis. Brazilian exports topped 197.9 billion dollars in 2008, up 23.2percent from the 160.6 billion dollars registered in 2007. However, it was still 2 percent less than the government's target of...
Power output at Brazil's Itaipu hits all-time high in 2008 [2009-01-07]
The Itaipu Hydroelectric Plant, located in the Brazil-Paraguay border, generaged 94,684,000megawatt-hours of electricity in 2008, hitting a record high, the plant authority said Friday. According to the administration of the plant, the figure is the highest for any single hydroelectric plant in the world. The previous record of 93,427,600 megawatt-hours was in 2000, also created by Itaipu. Officials said energy produced at the Itaipu Dam in 2008 would be sufficient for a country the size of Argentina for a year, or for Paraguay for ...
Portugal's unemployment worsens in 2008 [2009-01-07]
More Portuguese lost their jobs last year, especially during September-November, the Institute of Work and Job Training said Friday. In 2008, a total of 408,600 people registered for jobs in the first 11 months of the year, up 2.9 percent from a year earlier, the institute said in a report. From September to November, a monthly average of 63,700 people lost their jobs, a rise of 19.7 percent as compared with the previous corresponding period. Analysts said the rising jobless rate was due to the worsening eco...
China's vintage oilfields report steady output rises despite reserve decline [2009-01-07]
China's largest oil base Daqing Oilfield has fulfilled its production target by stabilizing its crude oil output above 40 million tonnes the past year although its reserve has been on the decline. The 2008 crude oil output stood at 40.2 million tonnes, which was the smallest in three years if compared to the 41.7 million tonnes in 2007 and 43.41 million tonnes in 2006. Its 2008 natural gas output hit 2.76 billion cubic meters, up 8.241 percent from the 2.55 billion cubic meters in 2007. The field, administered by...
Bank economist: China can maintain rapid growth over next 30 years [2009-01-07]
China can maintain rapid economic growth over the next three decades, which will ensure that what's now the fourth largest economy ranks among developed nations. Guo Shuqing, chairman of China Construction Bank Corp., made that prediction in Caijing Magazine's 2008 yearbook, issued in December. Guo said that human resources, an advanced legal system and proper macroeconomic policies would determine the course of development in the next 30 years. He said education and technology were the key factors in human ...
More job losses may surface for urban workers in 2009, economist warns [2009-01-07]
Cai Fang, a renowned labor expert in China, warns the country may see more job losses among urban workers in 2009 after millions of migrant workers became unemployed last year. The majority of job losses in 2008 were mainly reported among migrant workers, Cai, head of the Population and Labor Economy Institute under the Chinese Academy of Social Science (CASS), wrote in an article published in Caijing Magazine in December. Migrant workers, who often work in factories, are among the first to bear the bru...
Freight dealers in Tanzania against port tariff hike [2009-01-07]
The Tanzania Freight Forwarders Association has pronounced its opposition against the government's move to double up storage charges which the port authorities claimed would help decongest the Dar es Salaam Port. The freight dealers association has stated that the tariff hike would add direct burdens not only to its customers but onto the general public that depends on imported goods as well. The association has also expressed its surprise at the move by the Tanzania Ports Authority that ,instead of improving its own services, had re...
OPEC weekly prices rebound slightly under Palestinian-Israeli conflict [2009-01-07]
The weekly average prices of the Organization of Petroleum Exporting Countries (OPEC) rebounded slightly to 36.29 U.S. dollars per barrel last week from 34.92 dollars in the previous week due to the currently aggravated Palestinian-Israeli conflict, the Vienna-based oil cartel said on Monday. Israel's military operation against Palestinians since Dec. 27,2008 has aggravated the geopolitical tension in the Middle East, which has contributed to the rebound in international oil prices. In the four trading days of last week, the OPE...
Nikkei up 1% in morning trading [2009-01-07]
Tokyo stocks went up Tuesday morning with the key Nikkei index rising 1.12 percent. The benchmark Nikkei 225 Average gained 101.55 points to 9,144.67. The broader Topix index rose 4.60 points to 880.51.

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Company Name: ZHEJIANG KINGSIR VALVE CO.,LTD.
Contact Person: ARICO JIN
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Email: mail@cn-kingsir.com
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