Trade News

Smaller firms to benefit from new definition of SMEsOct 27, 2010

BEIJING - China is revising the definition of small and medium-sized enterprises (SMEs) to give smaller companies wider access to policy and financial support worth tens of billions of yuan. Wang Lijian, spokesman for the Ministry of Industry and Information Technology, told China Daily that the ministry is working on the revision, but did not elaborate. ...

Probes 'protecting' US businessOct 27, 2010

Investigations into Chinese imports used to fend off foreign competition BEIJING - US probes against Chinese imports are being used to help US companies fend off foreign competition and keep their competitive edge, a senior Ministry of Commerce official has said. "On the one hand, Section 337 is an important mechanism protecting intellectual property ri...

China's Sept power consumption down 12%Oct 26, 2010

IJING - China's power consumption in September fell 12 percent month-on-month to 349.8 billion kilowatt-hours (kWh), the National Energy Administration (NEA) said Monday. The NEA did not provide the year-on-year growth rate for the month. But according to government figures, China's power consumption was 322.4 billion kWh in September 2009, meanin...

China ranks 17th in competitiveness: ReportOct 26, 2010

BEIJING - China ranked 17th in the world in terms of national competitiveness, up 56 places since 1990, according to a report issued by China Academy of Social Sciences (CASS) on Monday. The Blue Book of National Competitiveness said a country's national competitiveness comprised its economic volume, efficiency and structure as well as development pote...

Eurozone industrial new orders rise by 5.3 percent in August Oct 26, 2010

Industrial new orders in the euro zone rose by 5.3 percent in August, compared with the previous month, the European Union (EU)'s statistics bureau Eurostat said on Monday. The index increased after a monthly fall of 1.8 percent in July, according to revised figures. In the 27-member EU, new orders grew by 3.6 percent month on month in August after...

China to impose provisional anti-dumping duties on imports of methanol...Oct 26, 2010

China's Ministry of Commerce (MOC) said on Monday it would levy provisional anti-dumping duties of up to 37.5 percent on methanol imported from Indonesia, Malaysia and New Zealand. After a preliminary investigation, the MOC found the three countries had dumped methanol onto the market, causing material damage to Chinese manufacturers. The MOC has i...

Brazil's Jan-Sept. balance of payments surplus up 18% Oct 26, 2010

Brazil's balance of payments registered a surplus of 34.5 billion U.S. dollars in the first nine months of 2010, up 18.4 percent from the same period last year, the country's Central Bank announced on Monday. Brazil's current account registered a deficit of 35.1 billion dollars from January to September, up 190 percent year on year. The capital and f...

Chinese commodities account for 80% in Myanmar importOct 26, 2010

Chinese commodities accounted for 80 percent of Myanmar's import, varying from electronic devices, cement, paint, flour, iron and iron products to raw materials for soap, the local Biweekly Eleven quoted a trading company as reporting in this week's issue. These commodities are also imported from Thailand, Malaysia, India, Japan and Australia through ...

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Qingdao Saint Voyage Log

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