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China's food export decreased in November 2008, reversing the upward trend for each of the first 10 months of the year, as a result from September's tainted milk powder scandal and chemical-related egg contamination thereafter, the General Administration of Customs said Saturday. The export value was 3.02 billion U.S. dollars in November, down four pe...
Sino-Japanese trade amounted to 246.2 billion U.S. dollars in the first 11 months of 2008, a growth of 15.2 percent on the same period of 2007, the General Administration of Customs said on Saturday. The figure accounted for 10.4 percent of China's total externa trade for the Jan.-Nov. period of 2008, continuing to rank Japan third among China's trade...
China's trade with the United States took the blunt of the financial crisis to slow down in the first 11 months of 2008, the General Administration of Customs said on Saturday. Between January and November last year, the bilateral trade amounted to 307.82 billion U.S. dollars, a growth of 11.6 percent on the same period of 2007. The growth rate wa...
China's foreign sales of toys grew at a much slower pace in the first 11 months of 2008, due mainly to shrinking demand from major markets in the ongoing global financial crisis, the General Administration of Customs said on Saturday. Between January and November 2008, China sold abroad 8.04 billion U.S. dollars worth of toys, up 2.5 percent on the sa...
China National Petroleum Corp (CNPC), the country's largest oil and gas company, yesterday signed a $1.76 billion agreement to develop an oilfield in Iran. The company will develop the North Azadegan oilfield, located in Iran's western province of Khuzestan. The field has estimated reserves of 6 billion barrels of oil and can produce 75,000 barrels pe...
CIA Vale do Rio Doce and China's Baosteel Group Corp canceled plans to build a Brazilian steel-slab plant after a global economic slowdown reduced demand for metals and environmental rules blocked use of mill sites. The companies will liquidate Cia Siderurgica Vitoria, a joint venture set up to build a US$3.6-billion mill that would have been able to p...
A man rides a bicycle past a billboard advertising HSBC in Shanghai. HSBC Bank (China) Company Limited recently issued its 2008 corporate social responsibility (CSR) report that highlighted HSBC's continued efforts towards sustainable banking and consumer financial education. President and CEO of HSBC China Richard Yorke said: Difficult times are a...
Trade ministers from South Korea and the European Union (EU) will hold high-level free trade talks in Seoul this afternoon, Trade ministry said Monday. According to the ministry, South Korean Trade Minister Kim Jong- hoon and EU counterpart Catherine Ashton will meet for two days to resolve contentious issues such as auto trade and rules of origin. ...
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