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China and Switzerland will study the feasibility of a bilateral free trade agreement in the second half of this year, said Chinese Vice Commerce Minister Yi Xiaozhun here Monday. China and Switzerland are complementary in their resources and industry distributions, providing a solid foundation to discuss such a pact, Yi told a seminar on the subject. ...
Both soybean and rapeseed imports are expected to reach historic highs in April and imports in May will remain relatively high, says the Ministry of Commerce. As domestic supply increases, the Ministry of Commerce reminds enterprises to avoid importing too much. In April, soybean and rapeseed imports will exceed 3.8 million tons and 270,000 tons, a 60 ...
Chinese and U.S. firms signed 32 trade and investment contracts on Monday worth some 10.6 billion U.S. dollars, which the U.S. Chamber of Commerce said will support U.S. economic growth and job creation. With businesses in both countries struggling, these deals come at a critical time and will help create jobs and stronger commercial bonds between the ...
China UnionPay's automatic teller machine (ATM) network has expanded to 61 countries and regions after it recently started service in nine Middle East and African countries, sources with the company said on Friday. The nine countries are the United Arab Emirates, Lebanon, Syria, Afghanistan, Iraq, Yemen, Jordan, Djibout and the Republic of Congo. The e...
Best Buy, the largest US electronics retailer, said on Friday that it plans to open seven to 12 new stores in China this year, including the sixth outlet to be opened next month in Shanghai's Minhang district. The expansion plan also includes its wholly-owned Jiangsu Five Star Appliance stores. We will open several hundreds of Five Star outlets between t...
China's State Council, or cabinet, Friday unveiled a detailed, three-year support plan for the textile industry. The Council said the plan was intended to ensure stable development in the industry and upgrade its structure. The plan said the annual production of large textile enterprises (with annual revenue of more than 5 million yuan or 732,000 U.S...
U.S. dollar is still the preferred settlement currency at the ongoing Canton fair, where China's currency, the RMB yuan, has been given green light to test the market in trade. The second phase of the month-long fair, the largest export event in China, opened on Friday, five days after the first phase ended. We are worried European and American buyers ...
World Bank Group President Robert Zoellick launched two multi-billion-U.S.-dollar investment initiatives here on Saturday to help developing countries weather the ongoing global economic crisis by promoting growth through infrastructure construction. The World Bank's Infrastructure Recovery and Assets (INFRA) platform and the Infrastructure Crisis Facili...
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