Trade News

China's machinery sector may cool in step with economyAug 5, 2010

China's machinery industry has rebounded during the first half of this year, but the momentum is likely to slow as the country's economy cools. The machinery industry has grown by 37 percent during the first six months of 2010, with a total output value of 6.59 trillion yuan, according to the China Machinery Industry Federation, a quasi-governmental i...

Khorgas near Kazakhstan border doubles trade value to US$152.6 millionAug 5, 2010

TRADE value through the town of Khorgas, Xinjiang province, near the Kazakhstan border, increased 107.1 per cent in the first six months of 2010 to US$152.6 million year on year, reported Xinhua. Import and export volume through Khorgas reached 1.219 million tonnes from January to June, increasing 327.8 per cent against the volume moved in the same peri...

Indonesia, Malaysia expect trade to hit $15 bln Aug 4, 2010

An Indonesian senior official said that Indonesia and Malaysia agreed to take measures in increasing bilateral trade, including by increasing trade across mutual border areas and encouraging bilateral investment, local media reported here Tuesday. Speaking after a meeting with a senior Malaysian official here on Monday, Indonesian Trade Minister Mari El...

Malaysia's June exports rise 17.2%Aug 4, 2010

Malaysia's total exports in June increased by 17.2 percent year-on-year to 52.83 billion ringgit, a Malaysian official announced here on Tuesday. The increase in exports was broad-based, namely electrical and electronic (E&E) products, liquefied natural gas (LNG), chemicals and chemical (C&C) products, optical and scientific equipment and palm ...

Indonesia's exports up 45% in first half this year Aug 4, 2010

Indonesia's central statistic bureau (BPS) disclosed that the country's export rose almost 45 percent in the first half this year, thanks to a sharp increase in non-oil and gas exports, local media reported here on Tuesday. Exports reached 72.52 billion between January and June, up 44. 83 percent from the same period last year. BPS data showed fir...

3rd Asian Int'l Trade Expo held in Bangladesh Aug 4, 2010

The 3rd Asian International Trade Expo is being held in Bangabandhu International Conference Center in Bangladesh's capital Dhaka to increase trade and bilateral relations within the Asian nations. Organized by the Bangladeshi wing of Conference and Exhibition Management Services Limited (CEMS), a global event management company, the trade exhibition s...

Australia trade surplus hits record high in JuneAug 4, 2010

Australia has recorded its biggest- ever monthly trade surplus at 3.5 billion dollars (3.2 billion U.S. dollars) in June, fueled by surging mining exports, new data showed on Wednesday. The Australian Bureau of Statistics figures showed exports grew seven percent in June, beating a two percent increase in imports. The 3.54 billion dollars (3.2 billi...

China to further open gold market: PBOCAug 4, 2010

China will let more banks import and export gold and open trading further to foreign companies as near-record prices and falling stock markets spur demand in the world's second-largest buyer of the metal. Gold prices gained.     China may "increase foreign members on the Shanghai Gold Exchange and will also study ways to allow foreign qualifi...

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