China's exports increased 34.4 percent in August from a year earlier to 139.3 billion U.S. dollars, but the pace of growth slowed from July's 38.1-percent surge, the General Administration of Customs (GAC) said Friday. The country's imports rose 35.2 percent year on year to reach 119.27 billion U.S. dollars last month, with the growth rate up 12.5 pe...
Japan and India reached a bilateral free trade agreement in Tokyo on Thursday. The pact will eliminate import tariffs on most products traded between the two giant Asian economies within 10 years. Yoichi Otabe, the deputy foreign minister for economic affairs, led the Japanese negotiating team. Rahul Khullar, the commerce secretary, headed the Indian de...
BEIJING - The Chinese government on Wednesday stressed the importance for the country to step up efforts to develop emerging industries of strategic importance. The statement was issued following an executive meeting of China's State Council, or Cabinet, which was chaired by Premier Wen Jiabao on Wednesday. The meeting pinpointed seven indust...
BEIJING - Bribery involving transnational companies should be included in the Criminal Law when it is next amended, said the Ministry of Supervision. Kong Xiangren, deputy director of the foreign affairs bureau of the ministry, said the push is based on the fact that more and more Chinese officials and international companies have been found involved in...
WASHINGTON - China is an important economic growth pole in the world, but it is still a developing country facing many challenges, World Bank President Robert B. Zoellick said here Tuesday. "China has scored amazing economic success for the past three decades, not only in terms of high growth rates, but also in poverty reduction and other areas," Zoelli...
Japan's current account surplus rose 26.1 percent in July from a year earlier, the Ministry of Finance (MOF) said in a report on Wednesday. In the recording period Japan's surplus stood at 1,675.9 billion yen (20 billion U.S. dollars), far higher than the median forecast for a 17.5 percent increase, or 1.5615 trillion yen. In a preliminary report ...
Bangladesh says its exports rose more than 26 percent in July, the first month of the current fiscal year, from the same period a year ago, a further sign that its economy has withstood the global market recession. The figures released by Bangladesh's Export Promotion Bureau ( EPB) Wednesday showed exports totaled over 1.82 billion U.S. dollars in the ...
SHANGHAI will spend CNY30 billion (US$4.41 billion) on making electric and hybrid eco-friendly vehicles by 2012, reported Xinhua. It will also will install 25,000 stations to recharge the electric motors, said Wang Zhe, an official from Shanghai's new energy automobile promotion office at the International Forum on Chinese Automobile Industry Developme...
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