Quick review: June 19-25
(China Daily)
Updated: 2006-06-26 07:02 Software exports
China plans to increase its number of software export bases to up to 15 by
2010, in order to support the fledgling software export and outsourcing
industry, said Yi Xiaozhun, vice-minister of commerce.
China currently has six software export bases, in Beijing, Tianjin, Shanghai,
Dalian, Shenzhen and Xi'an.
"Exports of software and information services will play a leading role in the
service sector in China," Yi said.
Iron ore increase
Chinese importers agreed last Tuesday to a 19 per cent rise in the price of
iron ore, the second biggest increase in 25 years.
Shanghai Baosteel Group, representing Chinese iron ore importers in talks
with major international suppliers, accepted the price increase from BHP
Billiton, the world's largest resources company.
BHP Billiton issued a statement confirming it had reached an agreement with
Chinese customers on prices for contracted iron ore tonnage for the 2006
contract year.
(For more biz stories, please visit Industry Updates)
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