Trade News

Swine disease no problem for pork rind imports Jul 9, 2008

Imports of pork rinds, a snack food made from deep-fried pork skins, are so well cooked that the risk of transmitting hog diseases, such as foot-and-mouth disease, swine vesicular disease, African swine fever and classical swine fever, is non-existent, said the U.S. Department of Agriculture's Animal and Plant Health Inspection Service. To be eligible...

Decision means importers may challenge tariffs on age, sex Jul 9, 2008

A July 3 decision by the Court of International Trade establishes that importers can legally challenge the constitutionality of gender- and age-based import tariffs, said a memo by Arthur K. Purcell and Gilbert Lee Sandler of the customs and international trade law firm Sandler, Travis & Rosenberg P.A. The two write that while the court dismissed the...

China's central SOEs invest almost 100 bln yuan in R&D in 2007 Jul 9, 2008

Centrally administered state-owned enterprises (SOEs) invested almost 100 billion yuan (14.49 billion U.S. dollars) in research and development in 2007, up 40.8 percent from the previous year, the state assets regulator said on Tuesday. The State-owned Assets Supervision and Administration Commission said about 150 such SOEs allocated 98.7 billion yua...

China's largest gold company posts 57% profit rise in first 5 months Jul 9, 2008

China National Gold Group Corp.(CNGGC), the country's biggest gold producer, announced its profits in the January-May period had jumped 56.97 percent year on year, according to Tuesday's Shanghai Securities News. The Shanghai-listed company (SH.600489) attributed the profit increase to the mounting gold price, speeded-up resource development pace and ...

China's textile export growth drops significantly Jul 9, 2008

The growth rate of China's textile and garment exports dropped 3.7 percentage points year-on-year from September to May, China Customs said in a report released over the weekend. The significantly smaller growth was attributed to a combination of a faster appreciation of Chinese currency, rising labor and production costs, the export rebate rate cut a...

Many Chinese exporters now turning to imports Jul 8, 2008

Liu Xuefei, a trader in the southern city Guangzhou, quit his old job of selling Chinese ceramics to Australians and Americans and started to import wine in 2005. China's exports in general were skyrocketing at the time but he decided to change his business anyway for two reasons. One, he found more and more rich people around him, and two, the United ...

$2b plan for wind power farms Jul 8, 2008

Arcapita Bank BSC, a closely held Bahraini investment bank, has formed a venture with a unit of India's Tanti group, owners of Suzlon Energy Ltd, to invest $2 billion to develop wind power farms in China. Arcapita and Colossus Holdings, Singapore-based holding company of Tanti Group that owns 66 percent in the world's fifth biggest maker of wind turbin...

Indonesia Considers Limiting Vehicle Growth Jul 8, 2008

The Indonesian government is considering passing a regulation to limit the growth of vehicles as part of a campaign to save energy and reduce fuel oil subsidies, the Elshinta Radio quoted a transport official as saying Monday. The efforts to limit the number of vehicles had been included in a bill on traffic and land transportation to be discussed in ...

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