Trade News

China sees export growth of electronic, information products slow in Q...May 7, 2008

China's foreign trade of electronics and information products reached 201 billion U.S. dollars in the first quarter of this year, a growth of 17.7 percent year-on-year. The growth rate was 6 percentage points lower than the year-earlier level, according to figures released by the Ministry of Industry and Information. The total trade volume include...

Australian minister says China is largest trade partner May 7, 2008

Australian Minister for Trade SimonCrean said here on Tuesday the trade figures are a milestone in the evolution of Australia's trading relationship with China. Australian Bureau of Statistics data released Tuesday shows that China became Australia's largest two-way trading partner (imports and exports of both goods and services) in 2007. Total tr...

CineGroup settles in Conghua Animation and Comic Industry Park May 7, 2008

International animation giant CineGroup formally signed an agreement with Conghua Animation and Comic Industry Park in Conghua, a county-level city under Guangzhou City on May 4, 2008. CineGroup will work with Conghua on projects of animation outsourcing base. It is introduced that Conghua Animation and Comic Industry Park covers a total area of ap...

Growth in exports set to drop to 10% May 7, 2008

Weak external demand is set to pull down China's export growth to 10 percent after the 25.7 percent jump in 2007, a research unit under the Ministry of Commerce said. The country's 2008 trade surplus may also drop to 200 billion U.S. dollars from a record 262 billion dollars last year, Li Yushi, director of the Chinese Academy of International Trade a...

Farm produce trade between Fujian and Taiwan increases by 54.2% in fir...May 7, 2008

In the first quarter of 2008, the agricultural products trade between Fujian Province and Taiwan Province reached 34.344 million USD, increasing by 54.2% than the same period of last year. Moreover, its growth rate rises by 17.1% than the same period of last year. A series of favorable measures towards Taiwan Province have contributed to the rapid...

China's Securities Firms Get Fat Profits in 2007 May 6, 2008

Net profits for China's securities firms increased almost four-fold to hit 137.65 billion yuan (19.7 billion U.S. dollars) in 2007, according to statistics from Securities Association of China (SAC). SAC's 106 member firms recorded a total revenue of 329.9 billion yuan, an increase of 258.74 billion yuan from a year ago. Their total assets valued ...

Hangzhou Discusses Economic Co-op with Dubai May 6, 2008

Delegates from government and business sectors of eastern China's Hangzhou city and Dubai, the commercial and financial hub of the United Arab Emirates (UAE), met in Dubai Monday to discuss ways for boosting economic cooperation between the two cities. At the 2008 Hangzhou-Dubai Economic Cooperation Forum that opened in Dubai on Monday, entrepreneurs f...

Chinese Firms Triumph in US Battery Suit May 6, 2008

A US court's decision to shoot down the patent infringement claims of a US battery maker has ended a lengthy case against Chinese battery manufacturers and marks the first victory of Chinese enterprises in trade disputes such as this. It lasted five years and cost millions of dollars, the China Battery Industry Association said in a press release yeste...

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