Trade News

China's export leader reports 31% drop in January foreign trade Feb 18, 2009

Foreign trade in south China's Guangdong Province, the nation's key production and export base, continued to fall in January, plunging 31 percent from a year earlier, the provincial customs authority said Tuesday. Exports totaled 24.2 billion U.S. dollars, down 23.6 percent, while imports contracted by 42.1 percent to 12.4 billion U.S. dollars. To...

Chinese companies to go on a European shopping trip Feb 18, 2009

The Chinese government will send a business delegation to purchase goods from Europe at the end of this month to strengthen bilateral trade ties amid the global economic downturn, according to the Ministry of Commerce. Ministry of Commerce spokesman Yao Jian said that the delegation's trip would take in Switzerland, Germany, the United Kingdom and Spai...

Web shopping touches record high Feb 18, 2009

Shanghai topped the country's online shopping cities with a total volume of 16.5 billion yuan ($2.4 billion) in 2008, and yearly spending online was 2,200 yuan per capita, according to the latest report on online shopping. The report, conducted by the iResearch Consulting Company, was based on a nationwide survey of 100,000 Internet users interviewed ...

Hong Kong's export, import down over 10% in Dec. Feb 17, 2009

The value of Hong Kong's total goods export and import fell sharply by 12.8 percent and 17 percent respectively in December year on year, the Census and Statistics Department of Hong Kong said Monday. Comparing 2008 with 2007, the volume of total goods exports grew 2.9 percent while that of goods imports rose 2.6 percent. The volume of goods re-exports...

Commerce Ministry: China deeply concerned over trade protectionism Feb 17, 2009

China's Ministry of Commerce (MOC) voiced concern Monday about trade protectionism, amid fears that such action would aggravate the economic downturn. MOC spokesman Yao Jian told a press conference China was deeply concerned over protectionism in some countries, which he didn't identify. China is against any form of protectionism, and we propose cooper...

China purchase group to leave for Europe in late-Feb Feb 17, 2009

A Chinese delegation of businesses and industry associations will leave for four European countries late this month to purchase products ranging from equipment to technology, a commerce ministry official said here Monday. The four countries include Germany, Switzerland, Spain and Britain, Yao Jian, spokesman of the Ministry of Commerce, told a reg...

China becomes world's fourth largest Bentley market Feb 17, 2009

Bentley, one of the representative brands of high-end luxury vehicles expanding in the Chinese market, sold over 500 cars in China in 2008, a year-on-year increase of over 45 percent. These high sales have also enabled China to replace Japan as Bentley's fourth largest market in the world. Currently, among Bentley's major global sales regions, China i...

Chinese power grid company invests in Philippine Feb 17, 2009

On February 12, Gloria M. Arroyo, President of the Philippines, met with Liu Zhenya, President of the State Grid Corporation of China (SGCC), at her office. She highly praised SGCC's investment in and management of the power grid in the Philippines, and expressed her congratulations to the consortium composed of SGCC and local partners for winning the fra...

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Transportation Center Connecting Asia and Europe Market

Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.

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Qingdao Saint Voyage Log

Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi

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