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Positive trade conditions were recorded in South Africa in September, the South African Chamber of Commerce and Industry (SACCI) said on Tuesday. Current South African trade conditions as indicated by the Trade Activity Index (TAI) had moved into positive territory, measuring 51, SACCI said in releasing its monthly trade conditions survey to the South A...
THE leading indicator of the rich country club, the Organisation of Economic Cooperation and Development (OECD), points to a weakening global economy, says Export Development Canada chief economist Peter Hall, who describes what's happening as a peak followed by a plunge, a partial rebound and then a slowdown that is already happening. "The OECD indica...
BEIJING - According to the World Trade Organization, China's share in global exports rose to 9.6 percent by value in 2009. China replaced Germany as the biggest exporter. However, this was achieved in the context of global economic downturn. China's foreign trade actually decreased 13.9 percent last year. The fall was the first in 11 years and the biggest...
WASHINGTON - China's growth is a very important force in the global recovery, World Bank Group President Robert B. Zoellick told reporters on Oct 7 in response to a Xinhua question. Zoellick made the remarks during a press briefing ahead of the Bank's annual meeting this weekend. Asked what China can contribute to the world development, the presid...
BEIJING - Tensions over currencies are set to continue through the month running up to the Seoul G20 summit. Officials and economists have said a stronger yuan is not a panacea for global imbalances, and too fast an appreciation may add uncertainty to the fragile global economic recovery. China's foreign exchange policy was a central discussion poi...
China would continue reform of the formation mechanism of its currency exchange rate to improve its flexibility, but will do so in a gradual way, Zhou Xiaochuan, Governor of the People's Bank of China, China's central bank, said here on Sunday. Westerners prefer Western medication method that is quick but drastic, while Chinese people prefer tradition...
Chicago corn, soybeans resumed rally Monday on concerns that U.S. corn and soybean production this year may fail to meet demand, as U.S. Department of Agriculture (USDA) dramatically lowered the crop supply estimate last Friday. The most active corn contract for December delivery surged 27.5 cents, or 5.2 percent, to 5.5575 U.S. dollars per bushel. Dece...
China will continue to invite foreign companies to participate in its reform and opening-up drive, which will also benefit from China's development and prosperity, top political advisor Jia Qinglin said Monday. Jia met with Guy Tozzoli, president of the World Trade Centers Association (WTCA), at the Great Hall of the People in Beijing, where the 41st g...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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