Most Chinese economists said China's economy would recover as early as this year, a survey has showed. China Economic Monitoring and Analysis Center, a survey organization of the National Bureau of Statistics (NBS) said in a report on Thursday that 92 percent of the economists polled believed China's economy will recover from the global financial crisi...
China's policy to increase the tax rebate rate for textile and garment exports from 14 percent to 15 percent becomes effective from Feb. 1, said the Ministry of Finance in Beijng on Thursday. China's policy to increase the tax rebate rate for textile and garment exports from 14 percent to 15 percent became effective from Feb. 1, the Ministry of Fina...
The value of trade using surface transportation between the United States and its North American Free Trade Agreement partners Canada and Mexico was 13.8 percent lower in November 2008 than in November 2007, dropping to $60.7 billion, according to the Bureau of Transportation Statistics of the U.S. Department of Transportation. It’s the biggest year-t...
China has banned food imports from 11 United States-based companies whose products have been tainted with peanut butter or paste that contain salmonella bacteria, Wednesday's China Daily reported. The blacklisted 11 food manufacturers include the Peanut Corporation of America (PCA), considered the source of the contamination, and also the breakfast cer...
Shanghai's recent plan to further escalate the role of its Lujiazui financial and trade zone is good news for financial talents from home and abroad, but a prudent approach and adequate screening is especially necessary, warned an economist on Tuesday. In a working report to the Shanghai local people's congress last month, Mayor Han Zheng said the city...
The Chinese government is mulling a response to India's recent ban on Chinese toy imports and will probably ask the World Trade Organization to investigate whether the ban violates WTO laws, said a person close to the issue on condition of anonymity. This comes after a similar move in which China asked the WTO to investigate anti-subsidy and anti-dump...
The Ministry of Commerce (MOC) announced the revision to the Administration of Technology Prohibited or Restricted from Import Procedures (ATPRIP) here on Tuesday. According to the new regulation, investigate privileges for import applications will be transferred from MOC to the provincial and municipal commercial administration departments. Al...
The U.S. Senate on Wednesday chose to retain Buy American provision in its roughly 900-billion-dollar economic stimulus plan despite of criticism from the nation's major trade partners and warnings of an international trade war. With a vote of 65-31, the Senate rejected an amendment by Republican Senator John McCain which would have stripped the stimul...
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