Trade News

Foreign trade surges at Shanghai port Jun 23, 2008

Imports and exports continued to surge at Shanghai port, with the volume totaling 245.5 billion U.S. dollars in the first five months of 2008. Shanghai Customs statistics showed the trade volume was 26.6 percent up year on year, 7.4 percentage points higher than that of same period of last year. With this volume, Shanghai port did about one-quarte...

China is top investment destination Jun 23, 2008

A study from the world's leading audit and advisory firm KPMG showed that China is expected to overtake the U.S. as the world's leading recipient of corporate investment in the next five years, and should become the most influential country in IT and telecommmunications, industrial products and mining. KPMG made these conclusions by surveying corporate in...

China will pull more investors than US Jun 23, 2008

China is expected to overtake the US as the world's leading recipient of corporate investment in the next five years, reveals a study of future global capital flows. According to the study, China will become the most influential country in IT and telecom, industrial products and mining. KPMG International has come to these conclusions by surveying o...

Bertelsmann closes bookstores nationwide Jun 23, 2008

Bertelsmann, the German media group, will close all its Chinese bookstores, underscoring the difficulties that booksellers are facing from fierce online competition and changing reading habits. The group plans to close all 38 of its bookstore chains by the end of July, but said it will reinvest in the country. We have tried many efforts to avoid tod...

GM, Ford sign contracts with China for more exports Jun 23, 2008

The U.S. motor giants General Motors Corp. and Ford Motor Co. signed 1.8 billion U.S. dollar contracts with China for more exports, Xinhua learnt from the two companies's Beijing branches on Tuesday. According to the deals separately signed in Washington on Monday, GM will export 1 billion U.S. dollar worth of component kits, machinery, equipment and ...

U.S., Chinese companies sign 71 contracts worth $13.6 bln Jun 20, 2008

Representatives from U.S. and Chinese companies on Monday signed 71 contracts and agreements worth 13.6 billion U.S. dollars in total in Missouri and Washington D.C. The deals were made at two ceremonies in St. Louis, Mo., and Washington, and both were attended by visiting Chinese Vice Premier Wang Qishan. During his visit to St. Louis earlier in ...

China's fixed asset investment up 25.6% in Jan-May Jun 20, 2008

China's urban fixed-asset investment rose 25.6 percent year-on-year to 4.0264 trillion yuan (575.2 billion U.S. dollars) in the first five months of 2008, the National Bureau of Statistics (NBS) said Tuesday. The figure represents a slight drop of 0.3 percentage points over the same period of last year. Source:Xinhua          ...

Sales of Chinese motorcycles booming in Chile Jun 20, 2008

The annual sales of Chinese motorcycles in Chile leapt from 4,000 units in 2003 to 70,000 units in 2007, a manager of one of Chile's major auto importers said Monday. Jean Anwandter, manager of Gildemeister Automotive, said the sales of Chinese motorcycles boomed in the last four years as people get to know more about driving motorcycles and no longer...

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