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A MAINLAND-TAIWAN trade deal, the Economic Co-operation Framework Agreement (ECFA), signed June 29, has more than doubled Hangzhou-Taiwan trade to US$23.99 million, reported Xinhua. From July to late August, Hangzhou's imports from Taiwan amounted to $14.1 million, up 164 per cent and exports $9.9 million, up 99 per cent. According to the statistic...
BRAZIL has become China's 10th largest trading partner, with bilateral trade value of US$32.51 billion from January to July, up 54.6 per cent year on year. This surpassed the trade volume between China and Singapore, $32.3 billion, Russia, $30.7 billion, the Netherlands, $30.3 billion, Thailand, $29.2 billion and the UK, $26.6 billion. Meanwhile, b...
BEIJING - China and Japan, the world's second and third largest economies, agreed on Sunday to seek and develop "new engines" for growth, a move that will also help stabilize the global economy. Premier Wen Jiabao said during a meeting with a Japanese delegation that the "green economy and industries" would be a major part in bilateral economic coopera...
BEIJING - E-commerce, dubbed as the "new engine" of growth, is helping China sustain its foreign trade at a time when the nation's exports and imports have been decelerating for months, said Vice-minister of Commerce Jiang Yaoping. During a press conference on China's E-commerce Report 2008-2009, he said China's e-commerce industry will grow "at a hi...
BEIJING - Chinese companies are investing more in Vietnam in order to get better access to the Southeast Asian market and its comparative cost advantages, Vietnamese trade officials said on Monday. "Investment from China has continued to increase in the past few months thanks to Vietnam's comparative cost advantages," Bui Quoc Trung, deputy director-ge...
BEIJING - China and the United States Monday underscored their close economic relationship and called for its healthy growth. "China and the United States share very close economic ties," Chinese Vice-Premier Wang Qishan told a US delegation led by two Missouri senators - Christopher Bond and Claire McCaskill. Wang said bilateral cooperation in trad...
The weekly average price of the Organization of Petroleum Exporting Countries (OPEC) declined to 70.88 U.S. dollars per barrel last week, the Vienna-based cartel said Monday. Despite the steady increase in oil prices since Wednesday, the average level of OPEC weekly oil price still registered a decline due to drastic price drops in the first two trading...
A senior official at Indonesia's trade ministry said that the value of major manufactured exports jumped dramatically in the first half of the year, and the full- year totals could equal those seen in 2008, before the global financial crisis sent the world economy into a tailspin, local media reported Friday. The Trade Ministry said the value of export...
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