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Number of pages: 3 Go to page 1 2 3
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Posted by : alessandra.muscatell ::: on Tuesday, June 07, 2005 - 11:36 NT ::: 402 Reads
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 The Economy's Engines
Shanghai - Milan
25 twining anniversary
How to improve import-export trade Palazzo delle Stelline 23 May 2005
On May the 23, 2005, it was held at Palazzo delle Stelline in Milan a seminar on how to improve import-export trade between Italy and China.
The seminar, organized by Agenzia per la Cina in collaboration with Comune di Milano, was held to celebrate the 25 twining anniversary of Milan and Shanghai.
Among the most relevant speakers there were Mr. Mario Tschang, chairman of Agenzia per la Cina, Mr. Jiang Yiren, chairman of the National Peolpe's Congress in Shanghai, Mr. Predolin, councillor of commerce for the Comune di Milano and, last but not least, Mr. Zhang Yapei, deputy chairman of Shanghai Industry and Commerce Federation.
The lecture evidenced, in particular, the economic growth of Shanghai, its historical changes and its future project "Shanghai Expo 2010". Furthermore, the relationship between Shanghai and Comune di Milano, along with the development of its hi-tech manufacture industry, were also stressed.
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Posted by : Admin ::: on Wednesday, March 30, 2005 - 12:05 NT ::: 517 Reads
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(AGI) - Turin, March 25 - The regional governors of Piedmont, Lombardy and the Venice Region signed today an agreement protocol on infrastructures and environment. The agreement was signed during a videoconference, as each governor was comfortably sitting in their office, at 1.30pm. Under the agreement, a number of measures aimed at upgrading infrastructures in Northern Italy will be made effective. In particular, the agreement provides for the construction or upgrading of motorways, speedways, railways, airports, ports and for other logistic improvements. All three regional governments see infrastructures as key to improving efficiency. The protocol will be implemented through a priority scheme which the three regions are set to agree with the government, and which should enable them to be granted more national and European funds. |
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Posted by : Admin ::: on Wednesday, March 30, 2005 - 12:04 NT ::: 441 Reads
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SHANGHAI (Reuters) - China will slash or abolish export tax rebates for some low-end steel products to curb iron ore and power usage in the world's top steel market, in a move analysts say may calm fears of cheap metal flooding the globe.
China -- which became a net exporter of steel products in the final months of 2004 -- would remove a 13 percent rebate on steel billets, a government official told Reuters on Tuesday.
The rebate on long products -- typically, rods and bars for construction -- would be reduced to 10 percent from 13 percent, said the official at the tax policy office of the State Council, or cabinet.
The measures will take effect from April 1, a senior Hong Kong-based shipping executive told Reuters.
"This kills two birds with one stone: it curbs excess capacity in China's low-end steel industry and avoids the potential of trade wars due to rising exports of such products," said Cai Haihong, an analyst at Merchants Securities.
"With tax rebates cut or abolished, low-end steel producers will have to either reduce exports or hike their prices on the international markets, weakening their competitiveness."
The move is expected to discourage exports, though it might not be enough to prevent some manufacturers from trying to profit from global prices that are 20 to 30 percent higher than in China, on average.
China's growing surplus in lower quality steel products threatens to spill out and pressure prices worldwide -- a prospect that has undermined the performance of steel stocks from number-two producer Arcelor SA to U.S. Steel Corp..
Beijing had been expected to curb tax rebates on exports of cheap steel after major suppliers from Companhia Vale do Rio Doce to Rio Tinto Ltd./Plc. raised iron ore prices by 71.5 percent from April 1.
The country is trying to cool overheated economic growth and had been pressuring smaller, inefficient steel plants to merge, while encouraging its flagship mills to develop production of higher quality steel products.
Tax rebates make exports of some semi-finished steel products profitable because they are large relative to the value of the export, the shipping source added. |
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