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Manzhouli-based Timber Company to Work with Russia on Wood Processing Project

The Manzhouli Lianzhong Group, China’s largest timber and frame-housebuilding company, is leading a project with Russia to develop forest resources. The project, worth more than 1.5 billion yuan ($218 million), will seek to construct comprehensive bases in both countries for wood processing, storage and trade, according to Lu Baodong, vice-mayor of Manzhouli city in northern

Sinochem Group in Early Discussions to Acquire Singapore-Listed Noble Group

Sinochem Group is in early talks to become a strategic investor in Noble Group Ltd, providing the embattled Asia-based commodities trading house with an equity injection, according to sources familiar with the talks. Noble is discussing a possible strategic investment, according to a statement on Tuesday [14 February 2017] that didn’t refer to Sinochem…Full Article:

Beijing, Tianjin, and Hebei Team Up on Agricultural Research

Beijing continues to strengthen agricultural research and innovation as the country calls for deepening structural reform in the agricultural sector. An agricultural innovation lab, jointly established by Beijing, Tianjin and Hebei Province in December, will offer technological solutions on food safety, farming environment and pest control…Full Article: ECNS.cn Feb 2017 Key Points The Beijing Academy

China’s Foreign Minister Endorses Upgrade of NZ-China Free Trade Agreement

Chinese Foreign Minister Wang Yi urged on Thursday [9 February 2017] that China and New Zealand should start talks on upgrading their free trade agreement (FTA). The minister made the comment during his meeting with New Zealand Prime Minister Bill English in Beijing…Full Article: The Global Times Feb 2017 Key Point Chinese Foreign Minister expressed

Chinese Cargo Containers Arrive in Hungary via Ningbo-Athens-Budapest Trade Route

The first two trains carrying Chinese cargo containers, launched by China COSCO Shipping Group, arrived in the Hungarian capital, the Economic and Commercial Counselor’s Office of the Chinese Embassy in Hungary said Tuesday. The shipments arrived here on Jan. 29 and Feb. 5, respectively, from the port of Piraeus, Greece, marking the official opening of

Australian Grocery Chain Woolworths to Accept China UnionPay Cards at its Supermarkets

The Australian grocery giant Woolworths said on Tuesday [7 February 2017] that it will now accept UnionPay cards at its stores; China’s leading debit and credit cards. Woolworths will offer all forms of UnionPay payment, including the contactless mobile based transactions at its terminals…Full Article: China Daily Feb 2017 Key Points According to China UnionPay