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Wednesday, 20 August, 2008
City gold jewelry price loses its luster
SHANGHAI DAILY-RETAIL gold jewelry prices in Shanghai yesterday dropped for the third time in one month. However, declining prices would not necessarily boost sales, industry watchers said.
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Wednesday, 20 August, 2008
China to raise wholesale power tariffs by 5pc
THE STANDARD-China said it will raise average wholesale power tariffs by 5 percent to help coal-fired power generators offset losses from rising coal prices.The country will raise average on-grid price by 0.02 yuan per kilowatt hour, or 20 yuan (HK$22.76…
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Tuesday, 19 August, 2008
China's largest copper mine Yulong begins production next month
MINE WEB-China's official government news agency, Xinhua, reported Sunday that the country's largest copper mine, the Yulong Copper Mine, will begin a trial period of cathode production next month.Yang Qinrang, director for industry planning with the …
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Tuesday, 19 August, 2008
China raise export tariff rate on aluminum alloy and coke
CHINA MINING-China's customs tariff commission of the State Council, the cabinet, has issued a circular on adjustment of tariff rate on export of aluminum alloy and coke.According to the circular, the tariff rate on export of aluminum alloy (tariff No.…
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Monday, 18 August, 2008
China raises coke export tariff rate
XINHUA-China is to raise the coke export tariff rate to 40 percent as of August 20, up from 25 percent, said the State Council's customs tariff commission on Friday.
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Monday, 18 August, 2008
Chinese industrial output slows
BBC-A slowdown in the growth of demand for Chinese goods from overseas caused industrial output to ease in July, official figures showed. The National Statistics Bureau said the output from China's factories was 14.7% higher in July compared with a year…
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Friday, 15 August, 2008
China may cancel 5 pct export rebate on alloy steel
CHINA MINING-China may cancel the 5 percent export tax rebate on alloy steel upon the export surge, a source disclosed.
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Friday, 15 August, 2008
Shenhua Energy wins Australia exploration permit
THE STANDARD-China Shenhua Energy (1088), the world's largest coal producer by market value, agreed to pay A$300 million (HK$2.04 billion) for a coal exploration license in Australia as it expands overseas to gain supplies.
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Thursday, 14 August, 2008
Expert: China July financial data shows obvious outflow of hot money
PEOPLE'S DAILY-Chinese mainland banks received 5.6 billion U.S. dollars in foreign exchange deposits in July, compared with 11.9 billion dollars the month previous, according to the People's Bank of China data released on Wednesday.
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Thursday, 14 August, 2008
China considers re-levy of VAT on gold
CHINA MINING-Chinese authorities are considering re-levy of VAT on gold after the tax was exempted for 14 years,according to Shanghai Securities News.The Ministry of Finance (MOF), State Administration of Taxation (SAT) and China Customs are deliberating…
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