News & Reports News Year 2010 May , 2010 NEWS 18th May 2010

NEWS 18th May 2010

Iran Pavilion: Antique carpet priced more than 7000,000RMB

Iran pavilion

Iranian merchant,Mr.Sabery is showing the antique carpet priced more than 7000,000RMB

More than 2000 years ago, persian merchants brought the carpet to China through the silk road. Nowadays, the fine artistic and elegant persian carpet becomes the important content for displaying their national culture. Recently, our journalists saw the antique carpet which has the history of 200 years, priced 7000,000RMB, collected by Mr.Sabery.

Iran pavilion’s persian carpet

On the first floor, there displayed the ancient persian characters and modern Iran invention, the most attractive item is the laser harp. Though there is no string on the harp, it still sends beautiful music.

The famous persian carpet is the main exhibits of the pavilion. In the grand hall, there displayed a loom for weaving carpet. Various carpet materials are convolved on it. The second floor is full of persian carpet with high price. An ordinary carpet sells more than 10,000RMB.

Handicraft carpet priced high

Authorized by Iran pavilion, Mr.Sabery has already joined 3 Expos. He told the journalist that this time he came to China is to spread and display Iran’s persian culture and arts, nevertheless, carpet is the main manifestation in persian culture and arts.

Persian carpet priced more than 10,000RMB, it is because these carpets are handicrafts. Sabery said handicraft is the main reason for the price. A persian carpet is separately made by many family workshop without industrial streamline. For the handicraft, the craftsmen must take at least 3 years to finish a 2m×3m carpet. If the carpet is made by some famous family workshop, the price will be extremely high.

The handicraft of Persian carpet is connected with the persian culture. Mr.Sabery said that the patterns on the carpets are from Iranians’ daily life,such as persian construction, characters, animals and plants. The weaving costs a lot of time while the dying colors are from insects and plants which make the carpets durable in color.

Antique priced 7000,000RMB is saved in the trunk.

On the second floor, visitors can buy carpets according to their needs.

However, Mr. Sabery has some boutique carpets not for sale. One of them is the 22cm×17cm pure silk carpet in a frame, and it is the smallest persian carpet in the world. Mr.Sabery told the journalist that the pattern on the carpet is made under the magnifier and it took 20 years to be finished, priced 3800,000.

This is only one of the precious treasure in the box. With the journalist’s insistence, Mr.Sabery turned out a wooden trunk and then opened it carefully; an ancient and elegant boutique carpet appeared. Though the carpet has the history of 200 years, the pattern is still colorful. Mr. Sabery said that the carpet might belong to a noble family. According to the signature on the carpet, we suppose that the carpet is made by a carpet workshop called AHABABAH in Kazan, Iran, its price is more than 7000,000RMB.

Hong Kong stocks close 2.14% lower

HONG KONG, May 17 (Xinhua) -- Hong Kong stocks closed down 430.23 points, or 2.14 percent, at 19,715.20 on Monday.
Turnover totaled 67.12 billion HK dollars compared with Friday's 67.18 billion HK dollars (1 U.S. dollar equals to 7.797 HK dollars).

China's non-financial outbound investment rises

BEIJING, May 17 (Xinhua) -- China's overseas direct investment (ODI) from non-financial sectors totalled 11.4 billion U.S. dollars in the first four months this year, the Ministry of Commerce (MOC) announced Monday.
In April alone, non-financial ODI stood at 3.88 billion U.S. dollars, up 35.7 percent from March, said ministry spokesman Yao Jian at a press conference.
Business volume in overseas-contracted projects in the first four months hit 23.08 billion U.S.dollars, up 28.7 percent year on year, he said.
New contracts valued at 36.64 billion U.S. dollars were signed in the in January-April period, down 17.8 percent from a year earlier.
China's non-financial ODI in the first quarter stood at 7.52 billion U.S. dollars, up 103.3 percent from the corresponding period last year, covering 957 overseas enterprises in 102 countries and regions, according to the MOC.

Property sector accounts for more than 50% of Beijing's capital input

BEIJING, May 17 (Xinhua) -- China's capital reported 110.37 billion yuan (16.18 billion U.S. dollars) in fixed-assets investment in the first four months, a growth of 32.5 percent on the same period of last year.
The total included in 55.59 billion yuan in real estate development, up 64.4 percent.
Of the investment in the property sector, 25.93 billion yuan went to commercial housing projects, up 58.8 percent.
State-owned enterprises invested 31.05 billion yuan, down 18.8 percent; the non-state sector 71.67 billion yuan, up 90.8 percent; and overseas-funded companies 7.66 billion yuan, up 2.1 percent.

Shanghai's foreign trade roars nearly 40%

BEIJING, May 17 -- Foreign trade through Shanghai in the first four months expanded nearly 40 percent from the same period last year as domestic demand boosted imports.
Combined throughput from the city's ports totalled US$200.2 billion by the end of April, according to a statement from Shanghai Customs. The figure was a 3.4 percent rise from that of the same period in 2008, which suggested foreign trade has generally recovered from the global financial crisis.
Exports rose 28 percent to US$120.4 billion while imports jumped 56.8 percent to US$79.8 billion.
The city generated a trade surplus of US$40.6 billion, a drop of 5.9 percent from the same period last year.
Shanghai's manufacturers exported US$52.4 billion worth of goods in the first four months, a rise of 27.1 percent from a year ago.
The city's trade with emerging markets, including Southeast Asia, boomed while major markets including America and Europe still remained flat with uncertainties over economic recovery.
Trade with the Association of Southeast Asian Nations between January and April jumped an annual 59.2 percent to US$20.2 billion while that with the European Union dropped 2.7 percent and that with the US fell 3.8 percent.
Market watchers fear the European debt crisis may hit international trade and trade disputes may also escalate and create uncertainties.
China recorded a trade surplus of US$1.68 billion in April after imports ballooned 60 percent to US$419.9 billion while exports climbed 29.2 percent to US$436 billion.