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China will add more items to its preferential technologies and products import catalog to boost mechanical and electrical products imports, a Ministry of Commerce (MOC) official said Wednesday. Emerging industries and traditional equipment manufacturing will be included in the tariff reduction catalog, Zhang Ji, the MOC's Industry Department chief, sai...
Brazil accumulated a surplus of 46.3 billion U.S. dollars in its balance of payments in the first 11 months of 2010, the country's Central Bank announced on Tuesday. This is 9.7 percent higher on a yearly basis. The positive figures can be attributed to the capital and financial account which registered a surplus of 90.74 billion dollars, up 56.7 perce...
BEIJING - Shanghai General Motors Co has decided to recall some of the imported sedans sold in China to fix faulty sensor pads that could lead to front seat passenger air bags failing to operate in a crash. The recall, set to begin Feb 2, 2011, affects 7,939 imported Cadillac CTS vehicles manufactured between March 23, 2004, and June 26, 2007, the Gener...
SHANGHAI - The central government could raise the ratio of reserves it requires banks to hold against their loans to 23 percent in 2011, as it continues to try to curb inflationary credit growth in the financial system, Lu Zhengwei, chief economist at Industrial Bank, said on Tuesday. The figure would be the highest reserve requirement ratio ever set by...
BEIJING - The European Union (EU) agreed on Tuesday to set up a working panel to examine boosting high-tech sales to China, while also seeking help from Beijing on combating the spreading sovereign-debt crisis. Discussions on high-tech sales and the debt crisis took place at the Third China-EU High-Level Economic and Trade Dialogue held in Beijing and s...
Japan's exports rose 9.1 percent in November from a year earlier, the Ministry of Finance (MOF) said in a report on Wednesday, marking the 12th straight month of growth. The rise was slower than the median forecast of a 10 percent increase and follows a 7.8 percent rise in October, although authorities cited rising demand from China and a weakening yen...
Vietnam earned 397 million U.S. dollars from pepper export in first eleven months of this year, a year-on-year increase of 23 percent, said a report of Vietnam's General Statistics Office on Tuesday. The country exported 112,000 tons of pepper during this period, a decrease of 11.5 percent year-on-year. Vietnam sold 8,000 tons of tea in November al...
South Korea said Tuesday it will reduce tariffs on a total of 67 items in 2011 to tackle inflationary pressure and stabilize low- and mid-income household lives. According to the Ministry of Strategy and Finance, 24 items, such as strollers and children's clothes, will be newly added to the existing list of goods applied to lower import taxes. Of t...
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