Trade News

Overseas Chinese companies can help economic restructuringMay 20, 2009

China's top legislator Wu Bangguo said here on Tuesday that overseas Chinese companies should explore new ways to help China restructure its economy and upgrade its industries. Wu, chairman of the Standing Committee of the National People's Congress (NPC), made the remarks as he met here with Chinese entrepreneurs who invest and do business in Italy and...

NGOs call for ban of govt purchases of cigarettesMay 20, 2009

An anti-tobacco group has called on governments to butt out of the business of buying cigarettes with public money. But it's a habit some governments in China might have a hard time breaking as recent figures show public funds have paid for about 70 percent of brand-name cigarette purchases over the past few years. It is a shame governments have become...

China confirms fourth H1N1 flu caseMay 20, 2009

The Ministry of Health has reported the fourth A(H1N1) case in the Chinese mainland on Tuesday. The 59-year-old man surnamed Yang is a Guangzhou resident who recently returned from the US and Canada. He arrived in Hong Kong on May 13 and took a train to Guangzhou two days later. A total of 75 out of the 93 people exposed to Yang on the train have been qua...

Axa Direct's big marketing bill for 2008May 19, 2009

The domestic division of French insurer Avanssur, Axa Direct, spent zł.78.4 million on advertising in 2008, according to estimates from Expert Monitor, which monitors the domestic advertising market. In the same period the company managed to collect a sum of zł.81 million in contributions. It has emerged, though, that in the case of Axa Direct, which sell...

Mainland companies urged to invest in TaiwanMay 19, 2009

The mainland will urge businesses to visit Taiwan to discuss investment plans amid efforts to help the island cope with the global economic downturn, the mainland's Taiwan affairs director Wang Yi said Sunday. The Commerce Ministry and Taiwan Affairs Office of the State Council will jointly issue a circular on procedures for mainland businesses should th...

European expert urges better EU-China relationsMay 19, 2009

It is in the interests of both the European Union (EU) and China to continue to improve bilateral relations amid the current economic difficulties and the resumption of the EU-China Summit is important for boosting bilateral ties, a European expert on Chinese affairs has said. Obviously, it highlights that relations between the EU and China are normalized...

China can meet 8% target: senior economic plannerMay 19, 2009

China will definitely be able to meet the target of achieving eight percent economic growth in 2009, a senior official of the country's top economic planning body said here Monday. Judging from the indicators of the first four months, I do believe it is highly possible to achieve an eight percent growth for the full year. In fact, I believe the target wi...

Sanyuan acquires 2 poultry product firmsMay 19, 2009

Beijing Sanyuan Group, the parent company of Sanyuan Food, is transforming itself into an agricultural group by acquiring two Beijing poultry product enterprises. That represents a move by Sanyuan, which was unscathed from a melamine scandal last year, to diversify its business and strengthen its competitiveness. Corporate executives said there was a po...

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