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China's Ministry of Commerce (MOC) announced Friday that the country would end anti-dumping measures against cold-rolled stainless steel sheets imported from Japan and the Republic of Korea (ROK), effective on April 8. A statement on the MOC website Friday said China had first slapped an anti-dumping tax on cold-rolled stainless steel sheets from Japan...
China has expanded a ban on imported food and farm produce from Japan, in both varieties and places of origin, amid growing fears of radiation contamination. The General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said in a statement published on Friday said that starting from April 8, China banned imports of foodstuffs, edi...
China saw a trade deficit of 1.02 billion U.S. dollars from January to March this year, the first quarterly trade deficit in six years, according to figures released Sunday by the General Administration of Customs (GAC). In comparison, there was a trade surplus of 13.91 billion U.S. dollars in the first quarter of last year. China's exports increas...
Shanghai Electric had signed an agreement with KSK Energy of India to export 125 units of 2MW wind turbines to India, an executive of the Shanghai-based company, who declined to be named, said Sunday. This indicates that Shanghai Electric is marching into the world wind power market on a large scale, the executive said. So far, Shanghai Electric, on...
China's Bank of Communications (BOCOM) said on Sunday that the bank will broaden its wholesale services in the United States to include deposit-taking, lending and trade finance. Hao Xiaohui, general manager of BOCOM's New York Branch, said that the Federal Reserve Board had approved BOCOM's application to establish a branch in San Francisco, Califor...
China is to ban foreign investment in the construction of villas, apparently part of government efforts to cool the real estate market, Reuters reported. To tame the record-high home prices and control inflation, the government has tightened bank lending to domestic property developers and introduced a long-debated property tax in Shanghai and Chongqing, ...
The Chinese government has built "multiple lines of defense" to guard against imported inflation and will not let it fuel domestic consumer prices, a senior official at the country's top economic planner said Thursday. To contain rising inflation, Chinese authorities have been working to boost production, ensure supply, improve distribution networks and ...
The China Iron and Steel Association's (CISA) 77 member companies in 2010 made a total of 89.7 billion yuan ($13.7 billion) in profits, with an average profit margin of 2.9 percent. The Chinese mainland imported 618.6 million tons of iron ore in 2010, 9.1 million tons less than in 2009. The ratio of dependence on imported iron ore dropped to 62.5 percent...
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