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CHINA's import and export trade value increased 40.9 per cent year on year to US$1.62 trillion from January to July, according to the figures released by China's Ministry of Commerce. Exports grew 35.6 per cent to $850.49 billion and imports were up 47.2 per cent to $766.56 billion and, given this growing tendency to balance, the trade surplus fell 21...
STANDARD and Poor's (S&P) forecast the growth rate of China's GDP in 2010 will climb to 10.3 per cent due to increasing domestic demand and comparatively low index of 2009. Yet the pace has been slowing down since the third quarter, noted S&P. The biggest threat to China's growth now is the risk of inflation. Next are the overheated real esta...
BEIJING - Liechtenstein Monday recognized China's full market economy status, as Liechtenstein's Crown Prince Alois von und zu Liechtenstein and Prime Minister Klaus Tchutscher visit China. Chinese Vice-president Xi Jinping and the two Liechtensteiner leaders attended the signing ceremony for the relevant documents Monday. Xi hailed the 60-y...
Shenzhen City will boost cooperation in the service industry sector with neighboring Hong Kong, according to Wang Rong, Party chief of booming Shenzhen, during a Tuesday interview with Xinhua. Wang said Shenzhen and neighboring Hong Kong would stick to a complementary nature, rather than a competitive one, in development of industries. He believed t...
South Korea on Tuesday wrapped up its one-and-a-half-year-long free trade negotiations with Peru and agreed to sign a deal. Holding a ministerial-level meeting in Lima, South Korean Trade Minister Kim Jong-hoon and his Peruvian counterpart Martin Perez reached an agreement on a bilateral free trade pact and announced a joint statement. "The (South) ...
Indonesian State-Owned Enterprises Minister Mustafa Abubakar has said he expects the purchase of 15 new aircraft from China for state-run Merpati Nusantara airline is to be settled by the end of the year, a media reported here Tuesday. "Hopefully, we can bring in all of the planes by end of this year," Mustafa was quoted by the Jakarta Post as saying. ...
The growth of the Canadian economy slowed to a crawl in the second quarter of 2010, surprising Canada 's central bank and private analysts. Canada's gross domestic product expanded at an annualized pace of 2 percent from April through June, according to figures released on Tuesday by the federal agency Statistics Canada. The disappointing results ...
China's Ministry of Commerce has reached its final decision on charging countervailing duties, on white-feathered broiler chicken from America. The ministry said the US government's subsidies on the product had caused substantial damages to China's broiler industry. Importers of the product will have to pay countervailing duties based on the subsidy ...
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