Trade News

China's foreign trade reaches 1.5 trillion USD Aug 13, 2008

China's total value of foreign trade reached approximately 1.482 trillion USD by the end of July this year, growing by 26.4% over the same period of last year, according to statistics issued by China Customs on August 12, 2008. Of the total value, exports accounted for 802.91 billion USD, increasing by 22.6%. Imports amounted to 679.2 billion USD, ris...

10 mln USD in card payments made in Beijing on August 8 Aug 13, 2008

According to the Information Times, card payments amounted to 10 million dollars in Beijing on August 8, the day of Olympic Games opening ceremony. The amount visitors paid by a Visa credit card, debit card and pre-paid card increased by 11% over the same period last year. It is said that the highest payments were made by card holders in America, foll...

China steel exports up 20 percent in July Aug 13, 2008

China's steel exports swelled to 7.21 million tonnes in July, up 21.38 percent year on year. The amount was 1.99 million tonnes more than June, China Securities News reported on Tuesday, quoting China Customs statistics. Experts attributed the surge to the deferred export of June's alloy steel. Tianjin Port started to check alloy steel exports in ...

Aphids found on NZ fruit in China Aug 13, 2008

New Zealand Ministry of Agriculture and Forestry (MAF) biosecurity investigators were reviewing export systems after woolly apple aphids were found on fruit sent to China. Deputy Director-General Barry O'Neil said Chinese authorities discovered hundreds of the aphids, some of them still alive, in several containers two months ago, the New Zealand Pres...

China's trade surplus down 9.6% in Jan.-July period Aug 13, 2008

China's trade surplus fell to 123.72 billion U.S. dollars in the first seven months, down 13.1 billion U.S. dollars, or 9.6 percent year on year, the General Administration of Customs said on Monday. Analysts said the fall was partly a result of China's policies to tame surplus, but was also in part due to the rising prices in energy and resources Chi...

Vietnam Strives to Raise Added Value in Cashew Export Aug 12, 2008

Vietnam, the world's biggest cashew nut exporter, is intensifying investment in processing different cashew products for stronger export and domestic consumption, and solving difficulties relating to workforce and funding. Vietnam, home to over 200 cashew plants with annual combined capacity of processing some 700,000 tons of cashew nuts, will strengt...

China's Trade Surplus Down 9.6 Pct Aug 12, 2008

China's trade surplus fell to 123.72 billion U.S. dollars in the first seven months, down 13.1 billion U.S. dollars, or 9.6 percent year on year, the General Administration of Customs said on Monday. Exports in the first seven months totaled 802.91 billion U.S. dollars, up 22.6 percent year on year. But the growth rate was 6 percentage points lower th...

Indonesia's Export Expected to Grow by up to 14 pct This Year Aug 12, 2008

Indonesian export is predicted to grow by 12 to 14 percent this year, Trade Minister Mari Elka Pangestu said Monday. The growth was driven by the hike of export of comodities such as palm oil, rubber, paper and automotive, the minister told reporters after meeting Vice Presdient Jusuf Kalla at his office. Pangestu said the country's palm oil expor...

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