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"China" was the word most frequently mentioned by CEOs from the world's major retailers at the 100th National Retail Federation (NRF) annual expo panels here Monday. "Although the domestic market was not so satisfying, consumer spending outside the U.S. was good, like China, Brazil and India," said Mark Greene, the moderator of a panel on "Retail's Ro...
Beijing: China's 2010 iron ore imports dropped 1.4% year on year. The December import volume was 58.08m tons, down 6.6% year on year but sequentially increased 1.2% to a nine-month high, according to the data from the General Administration of Customs. It is the first time China iron ore imports declined for 12 years. Due to the increasing of import pr...
BEIJING - China's trade surplus narrowed in 2010 for the second straight year - helped by increased domestic demand - and the trend is expected to continue for the first half of 2011, economists said. The trade surplus for 2010 totaled $183.1 billion, down 6.4 percent from a year earlier, according to figures released by the General Administration of C...
BRUSSELS - The European Commission plans a significant cut in the punitive tariffs it imposed last year on Chinese-made fiberglass used in the clean technology sector, EU diplomats and people close to the issue told Reuters on Friday. The Commission, the European Union's executive, plans to reduce the anti-dumping tariffs to less than 14 percent by mid...
LONDON - China and Britain on Monday inked business deals worth $4.668 billion during Chinese Vice Premier Li Keqiang's visit. Li was accompanied by some 120 Chinese business leaders on his current visit. The two sides signed 15 agreements and commercial contracts in the presence of Li and British Deputy Prime Minister Nick Clegg, covering fields such ...
The value of Chinese currency, the yuan, strengthened as the central parity rate was set at 6.6216 yuan per U.S. dollar Tuesday, compared with the 6.6349 on Monday, according to the China Foreign Exchange Trading system. The central parity rate of the currency, also known as the renminbi (RMB), hit an all-time high of 6.6215 per dollar on Jan. 4 to star...
Laos would need to import at least 3.5 million tonnes of cement to construct the high-speed railway linking Laos and China, as the six domestic cement producers couldn't meet the increasing demand in Laos, local media reports said on Monday. "Project officials have informed us that they need about 3.5 million tonnes of cement for the railway project. W...
China was one of Ford's bright spots of its global sales in the past year and the U.S. auto maker eyes further improving its footprint in the world's fastest-growing economy, Ellen Hughes-Cromwick, Ford's chief economist told Xinhua on Sunday. "China is such a wonderful country with so many opportunities. Economic growth in China is amazing and Ford ...
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