Tianhai Investment spends $346m on credit firm

Tianhai Investment, formerly Tianjin Marine, has announced that it plans to spend up to RMB2.2bn ($346m) to...

China spends billions to subsidize ecological zones

Jul.2--China's Ministry of Finance announced Tuesday it has allocated 48 billion yuan (7.8 billion U.S. dollars...

Iron-Ore Ships Rebounding as China Spends $158 Billion

Iron-ore ships are poised to earn more than operating costs for the first time this year as rates rally on speculation Chinese steel mills will accelerate imports because of a 1 trillion-yuan ($158 billion) building program.