China expands ban for importing
food, farm produce from Japan
BEIJING - China has expanded a ban on imported food and
farm produce from Japan, in both varieties and places of
origin, amid growing fears of radiation contamination.
The General Administration of Quality Supervision,
Inspection and Quarantine (AQSIQ) said in a statement
published on Friday said that starting from April 8,
China banned imports of foodstuffs, edible farm produce,
along with fodders from 12 areas in Japan, comparing
only five Japanese counties being blacklisted on March
24. |
Liquor makers urged to keep prices
stable
By Lan Lan (China Daily)
BEIJING - Chinese lovers of beer and white liquor are
unlikely to see more sudden price rises during the
coming months after the recent waves of hikes that swept
the country's alcohol market, said industry insiders.
China's most prestigious white liquor producer, Kweichow
Moutai Co Ltd, raised its prices by about 20 percent
earlier this year. Meanwhile, a host of liquor makers
have lifted their prices by about 10 percent in the last
few weeks. Moreover, brewers such as Tsingtao Brewery
Company Limited and Beijing Yanjing Beer Group
Corporation have also raised the price of their beers by
around 10 percent. |
Steel company profits up 52% in
2010
By Hao Yan (chinadaily.com.cn)
Updated: 2011-04-07 15:08
The China Iron and Steel Association's (CISA) 77 member
companies in 2010 made a total of 89.7 billion yuan
($13.7 billion) in profits, with an average profit
margin of 2.9 percent.
The Chinese mainland imported 618.6 million tons of iron
ore in 2010, 9.1 million tons less than in 2009. The
ratio of dependence on imported iron ore dropped to 62.5
percent, the first decrease in a decade, Economic
Information Daily reported Thursday.
However, the costs of the imported ore surged $29.3
billion to $79.4 billion, according to a statistic
released by the CISA on Feb 24.
The Chinese mainland contributed 33.1 percent in 2010 to
the $46.5 billion in revenues reported by Companhia Vale
do Rio Doce (CVRD). Those revenues rose 94.2 percent
over 2009 revenues, the newspaper reported.
CVRD realized $17.3 billion in net profits in 2010. BHP
Billiton Ltd made $17 billion in net profits, and Rio
Tinto Group made net profits that totaled $14.3 billion,
according to the report. |
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