Trade News

China Calls for Joint Efforts with EU against Protectionism May 8, 2009

The European Union (EU) and China should work together to ward off potential surge of protectionism amid the global economic slump, Chinese Vice Premier Wang Qishan said on Thursday. China and the EU should stand firm against any form of protectionism for the sake of a global economic recovery, Wang said in an opening remark at a high-level economic and t...

Avoid Risky Derivatives, SOEs Told May 8, 2009

State-owned enterprises (SOEs) should proceed cautiously in overseas derivatives trading in order to minimize the potential risks, and the government should make efforts to develop the domestic futures market to accommodate these companies' risk hedge needs, regulators and experts said. The government has become increasingly concerned about the financi...

China Zhongwang Launches Biggest IPO of Year in HK May 8, 2009

China Zhongwang Holdings Ltd., the world's third largest aluminum extrusion products maker, launches its initial public offering (IPO) on Friday in Hong Kong. The Liaoning-based company plans to sell 1.4 billion new shares at an offer price ranging from 6.80 to 8.80 HK dollars per share. Zhongwang expects to raise up to HK$ 9.52 billion to HK$ 12.32 bi...

Ministry to impose anti-dumping measures on BDO imports from Taiwan, S...May 6, 2009

The Chinese mainland will start from Wednesday imposing temporary anti-dumping measures on 1,4-butanediol (BDO) imported from Taiwan and Saudi Arabia, the Ministry of Commerce said Tuesday. In a statement on its website, the ministry said Taiwan and Saudi Arabia had dumped BDO products on the Chinese mainland. The ministry said the temporary measures ar...

Third phase of Canton Fair opens with measures against A/H1N1 flu May 6, 2009

The third phase of the 105th Canton Fair, China's largest trade event, began Sunday in the capital of the southern province of Guangdong with preventive measures against the A/H1N1 flu. Organizers said there were 60 stations where visitors' temperatures could be taken. A registration system was adopted for guests at every hotel for the third phase of th...

Support Plan Expected for Renewable Energy Development May 6, 2009

The Chinese government is working on a support plan for the renewable energy industry aimed at raising the country's wind power capacity to 100-150 million KWh by 2020, sources close to the plan making told Xinhua on Tuesday. Shi Dinghuan, member of energy research commission with Chinese Academy of Sciences, said the support plan would come out in near ...

China Becomes Brazil's Biggest Trading Partner May 6, 2009

China replaced the United States to become Brazil's biggest trading partner, said Brazil's Ministry of Development, Industry and Exterior Trade on Monday. According to the trade balance released by the ministry, the sum of Brazil's exports and imports with China reached 3.2 billion U.S. dollars in April, over the 2.8 billion dollars in its trade with t...

China Power Generation Likely to Drop Further in April May 6, 2009

China's power generation is likely to have fallen 4 percent year on year in April, indicating an economic recovery is still some way off, Tuesday's China Daily reported. The estimated figure would signal a larger decline than that in March, when power output fell 0.7 percent to 286.7 billion KWh, Xue Jing, director of the statistics and information depa...

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