Trade News

China's yuan hits new high at 6.6497 against U.S. dollar FridayOct 15, 2010

The value of yuan, China's currency Renminbi, strengthened for a third consecutive day against U.S. dollar Friday as the central parity rate of the yuan was set at 6.6497 per U.S. dollar, according to the data released by the China Foreign Exchange Trading System. Friday's central parity rate beat the previous record of 6.6582 on Oct. 14. The yuan...

Manzhouli-Mongolian trade value up 58.8pc in 8 months Oct 15, 2010

FROM January to August, Sino-Mongolian border city Manzhouli's customs recorded a border trade value of US$1.9 billion, up 58.8 per cent over the same period last year. Import value surged 63.5 per cent to $1.7 billion. Export value grew 15.7 per cent to $140 million, according to Xinhua. Export cargo consisted mostly of agricultural produce and li...

China's Sept export growth slowsOct 14, 2010

China's exports increased 25.1 percent in September from a year earlier to $144.99 billion, but the pace of growth slowed from August's 34.4-percent surge, the General Administration of Customs (GAC) said on Oct 13. The country's imports rose 24.1 percent year-on-year to reach $128.11 billion last month, with the growth rate down 11.1 percentage poin...

Hong Kong to intensify co-op with emerging marketsOct 14, 2010

Hong Kong Chief Executive Donald Tsang Wednesday said the government will enhance financial co-operation with emerging markets. When dealing with the economic development session in his 2010-11 policy address at the Legislative Council on Wednesday, Tsang said, apart from Islamic finance, Hong Kong will also tap into business opportunities in Russia, Ce...

HK seeks stronger economic ties with mainlandOct 14, 2010

Hong Kong Chief Executive Donald Tsang Wednesday said the government will strengthen its co- operation with China's mainland in economic development. When delivering his annual policy address at the Legislative Council on Wednesday, Tsang said Hong Kong will strive to enhance its status as an international center for financial services, trade, shipping...

EU facilitates SME's access to Chinese marketOct 14, 2010

The European Union (EU) had opened 10 contact points in China to give European small- and medium-sized enterprises (SMEs) easier access to the market, the European Commission said Wednesday. The announcement was made at the third annual conference of the European Enterprise Network, launched in February 2008 by the commission as a key part of the EU's ...

China's September exports up 25.1%; trade surplus hits 5-month lowOct 14, 2010

China's exports rose 25.1 percent in September from a year earlier to 144.99 billion U.S. dollars, but the pace of growth slowed from August's 34.4-percent surge, the General Administration of Customs (GAC) said Wednesday. The country's imports rose 24.1 percent year on year to reach record 128.11 billion U.S. dollars last month, with the growth rate...

Macao's largest trade fair to boast Taiwan snacksOct 14, 2010

The diversity of exhibitor profiles and product varieties at this month's 15th Macao International Trade and Investment Fair (MIF) will be wider than ever before, ranging from the promotion of Taiwan foodstuffs to the showcasing of the world's latest printing machines, the Macao Post Daily reported on Wednesday. The newspaper quoted Liu Shi-wei, manag...

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Qingdao Saint Voyage Log

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