Trade News

HK's RMB Pilot Plan Covers 400 Mainland Enterprises Apr 13, 2009

About 400 enterprises in the Chinese mainland had been selected to participate in the Renminbi cross-border trade settlement pilot program, Under Secretary for Financial Services and the Treasury of Hong Kong Julia Leung said  Saturday. Speaking on a radio talk show here Saturday, Leung said enterprises in Hong Kong would soon be able to settle trade...

China's Coal Import up 37.4 pct in March Apr 13, 2009

Figures from the General Administration of Customs showed that China imported 5.72 million tonnes of coal in March, up 37.4 percent year on year. The monthly amount also represented a 11.9 percent rise from February. Analysts attributed the coal import rise to the recovering domestic demand and lower imported coal price compared with the domestically-pr...

China Sets Plan to Increase Residents Income by 2010 Apr 13, 2009

The average annual disposable income of urban residents will reach 15,781 yuan (about 2,320 U.S. dollars) or more by the year 2010, said an action plan issued by the Information Office of the State Council on Monday. The government will continue to steadily raise the incomes of rural and urban residents, especially people with middle- and low-income, and ...

China and France hold economic seminar Apr 10, 2009

  The 15th China-France Economic Seminar opened on April 8 in Beijing. Over 600 Chinese and French enterprisers and scholars are attending the seminar. Jean-Pierre Raffarin, former Prime Minister of France, said in his address that cooperation between China and France has broad prospects. While bilateral relations are gradually improving, the busine...

Aviation City in Xi'an attracts 7.1 bln yuan in investment Apr 10, 2009

Sixteen projects were designated as Xi'an's key investment projects, and a total of 7.13 billion yuan was attracted to build the China Aviation City at the 13th China East-West Cooperation and Investment Trade Fair recently held in Xi'an. This is the largest investment made in the past two years for key projects in Xi'an. More than 180 business repr...

China to Issue 22 bln Yuan Long-Term Treasury Bonds Apr 10, 2009

China's Ministry of Finance (MOF) said Wednesday it would issue this year's fifth batch of long-term book-entry treasury bonds worth 22 billion yuan (3.22 billion U.S. dollars) this week. The issue period is April 9 to 14, said a statement on the ministry's website. The bonds, with a term of 30 years, have an annual interest rate of 4.02 percent. ...

China Starts Trial of Foreign Trade Settlement in Yuan Apr 10, 2009

China's State Council, or Cabinet, announced a pilot program to allow exporters and importers in five cities to settle cross-border trade deals in Renminbi, or yuan. The cities are Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan. The latter four are all in south China's Guangdong Province. Attendees at a State Council executive meeting Wednesday, p...

HK Set for RMB Trade Settlements: CE Apr 10, 2009

Hong Kong Chief Executive Donald Tsang Thursday said Hong Kong is ready for RMB trade settlements which can help the city open up new business and enable greater security for enterprises. Speaking at a press briefing on Thursday, Tsang welcomed the State Council's decision on Wednesday about introducing a pilot program for using RMB for cross-border tr...

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