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Total foreign trade volume of China in the first 11 months amounted to US $2.37837 trillion, an increase of 20.9% year-on-year, according to customs statistics. Of the total volume, export reached US $1.31716 trillion, an increase of 19.3%, and import reached US $1.06121 trillion, an increase of 22.8%. China recorded an aggregate trade surplus of U...
Japanese electronics giant Sony Corp is reviewing its China operations amid a global layoff plan that will see 16,000 people lose jobs. Sony China said it will actively cooperate with the initiative by its headquarters in Japan, the largest workforce reduction by a Japanese company since the start of the global economic crisis. The global slump has ...
Both exports and foreign direct investment (FDI) shrank in November, indicating that the global economic downturn hit China's economy harder than expected, according to data released yesterday. Exports in November fell by 2.2 percent to $114.9 billion, the first monthly decline in seven years, the Customs said on its website yesterday. Foreign direct i...
Foreign direct investment (FDI) dropped by 36.52 percent year-on-year in November to $5.3 billion, down from $6.72 billion in October, the Ministry of Commerce said on Wednesday. Figures for the first 11 months showed a slowdown in the FDI growth to 26.29 percent year-on-year. In the first six months of 2008, the rate was 45.6 percent. Many expert...
China's exports totaled 115 billion U.S. dollars last month, down 2.2 percent year-on-year in the first monthly decline since June 2001, the General Administration of Customs (GAC) said on Wednesday. The previous decline, a much smaller 0.6 percent, reflected slumping U.S. demand after the tech bubble burst. November's exports also fell 10.4 perce...
China recorded 114.99 billion U.S. dollars worth of exports last month, down 2.2 percent from the same period last year, the General Administration of Customs said on Wednesday. It was the first time since June 2001, when China's monthly exports were down slightly by 0.6 percent from a year earlier because of slump demand from the U.S. economy af...
China's producer price index (PPI), a measure of inflation, further slowed to an annual rate of 2 percent in November, the National Bureau of Statistics (NBS) announced on Wednesday. Source: Xinhua
Facing severe challenges from the global economic slowdown, the province of Guangdong has modified its strategies for sustained development in its export-oriented economy. The financial tsunami and global economic downturn - together with the protectionism in developed countries and the intensifying competition from developing countries - are forcing t...
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