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China on Monday appealed against a World Trade Organization (WTO) ruling that found its auto parts import measures break international trade rules. The WTO expert panel ruling was circulated in July, and it largely upheld U.S., EU, and Canadian complaints that Chinese tax measures on imported auto parts result in unfair competition. China cannot f...
Most Malaysia are cautious when it comes to investing their money, opting for safer mediums such as savings account rather than stocks or other investment vehicles, according to the results of Aviva's Consumers Attitudes to Savings 2008. Of the 1,000 respondents surveyed, 94 percent has a savings account, 35 percent has life insurance with savings ele...
The Asian Development Bank (ADB) on Tuesday said developing Asian economies will revert to a more moderate growth outlook of 7.5 percent this year and experience a high inflation rate of 7.8 percent. In a latest report, ADB said economic growth would further drop to 7.2 percent next year after Asian economies posted fastest growth of 9 percent in near...
Growth slowed down in China's foreign sales of prefabricated housing in the first half of this year, due largely to the severe winter weather at the year's beginning and disaster relief upon the major earthquake that claimed more than 87,000 lives on May 12 in southwestern province of Sichuan. The General Administration of Customs said on Saturday tha...
China saw a slowdown in investment growth for textile industry over the first seven months of this year, due partly to export slowdown and enthusiasm dampened by low profitability among manufacturers, sources with China National Textile and Apparel Council said on Saturday. Data provided by the council show that from January to July, the textile secto...
China exported a record 7.68 million tons of rolled steel in August, an increase of 6.5 percent on July, or 42.78 percent on the same month of last year, sources with the General Administration of Customs said on Saturday. Industry observers attributed the record-high monthly figure to price gap between domestic and overseas markets. The Governmen...
China continued to see a slowdown in export of textiles and garments in the first eight months of this year, due largely to weak demand resulting from economic downturn in the euro zone and the United States, the General Administration of Customs said on Saturday. Between January and August, China sold abroad 118.94 billion U.S. dollars worth of texti...
Local venture capital (VC) institutions on the Chinese mainland raised more than three million U.S. dollars in the second quarter of this year, with their investment growing 70 percent on the same period of this year. According to Zero2IPO, a leading service institution for venture capital and private equity (PE) investment in China, 159 enterprises o...
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