Trade News

July trade surplus a rare case: expert Aug 16, 2010

The 18-month high trade surplus in July is a "unique" case and should not be used as an excuse to press China to revalue its currency, a senior government economist said on Sunday in Dalian, Liaoning province. "The trade surplus will narrow, as exports are expected to slow down for the rest of the year," Wang Yiming, deputy director of the Institute of ...

Shenzhen-EU first half trade up 34.9pc to US$22.3 billion Aug 16, 2010

TRADE between Shenzhen and EU was up 34.9 per cent to US$22.3 billion, accounting for 11.2 per cent of this check point's total trade value, reported Xinhua. Shenzhen's exports to EU grew 37.6 per cent to $18.22 billion, while its imports from EU rose 25.9 per cent to $4.08 billion, showing a 42.1 per cent increase in surplus to $14.14 billion. In...

China unveils proposals for agro co-op with AfricaAug 13, 2010

BEIJING - Chinese Vice Premier Hui Liangyu Thursday put forward proposals to step up agricultural cooperation with Africa. Addressing the closing ceremony of a China-Africa agriculture forum, Hui proposed enhanced exchanges among agricultural departments, improved Sino-African agricultural cooperation mechanisms, and high-profile talks to set out the me...

China's anti-trust law treats "all firms equally": official Aug 13, 2010

China has "never discriminated" against foreign companies by using different standards in handling cases of mergers and acquisitions (M&A) involving the anti-trust law since its implementation in 2008, said a senior official of the Ministry of Commerce on Thursday. Since the Chinese government blocked a proposed bid by Coca-Cola for China's top dom...

Social responsibility key to Chinese companies' success in Australia:...Aug 13, 2010

To succeed in business in Australia, Chinese companies need to make social responsibility an integral part of their business development, says Chen Feng, chairman of China's Hainan Airlines Group. Chen, in a recent interview with Xinhua, said it was not easy for Chinese companies to do business in Australia due to differences in culture, concepts and b...

Chinese construction company's localization strategy pays off in Nige...Aug 13, 2010

One of China's construction giants had established itself as a top international brand in Nigeria after 30 years of localization efforts, a senior executive told Xinhua Wednesday. The China Civil Engineering Construction Corporation (CCECC) Nigeria Limited had employed more than 20,000 local workers in 70 projects, mainly road, bridge and railway proje...

Macao, HK trade authorities jointly promote e-commerce Aug 13, 2010

The Macao Trade and Investment Promotion Institute (IPIM) and the Hong Kong Trade Development Council Thursday jointly organized a seminar here, with the aim to encourage local enterprises to utilize e-commerce during daily business operation. The objective of the seminar, held at the Macao Business Support Center, is to facilitate enterprises to promot...

Brazil hopes to promote trade with China in agriculture Aug 13, 2010

Brazil wants to boost trade with China in agricultural products, and will export more pork to and import more fish from China in the next few years, Brazilian Agriculture Minister Wagner Rossi said Thursday. The two countries enjoy a very good trade partnership, but there is still huge potential for expansion, Rossi told Xinhua in an interview. "Tod...

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