Trade News

Foreign investment still favors China amid global economic downturn Apr 10, 2008

China remains a hot spot for foreign investment despite the slower world economic growth. As evidence, the ongoing 12th Investment and Trade Forum for Cooperation between East and West China has attracted more than 4,000 investors from over 56 countries and regions. On Tuesday, Lemna Corporation, the world's leading environmental protection facility p...

Taiwan investment in mainland reached $46 bln over 20 years Apr 10, 2008

An economic study group has found that in the 20 years since cross-strait investment formally opened, Taiwan investors have put 46.1 billion U.S. dollars into the mainland. The figure, for the period through the end of February, accounted for about 6 percent of the overseas capital that flowed into the mainland during that period, said Li Shuilin, hea...

Bank cards' popularity grows among shoppers in China Apr 10, 2008

More Chinese apparently prefer plastic, with bank card-based retail sales rising 58 percent last year to 2.99 trillion yuan (428 billion U.S. dollars), the People's Bank of China (PBOC), the central bank, said on Wednesday. Bank card spending, excluding real estate transactions, made up21.9 percent of retail sales, up 4.9 percentage points year-on-yea...

China becomes third machinery equipment supplier to Brazil Apr 10, 2008

China has become Brazil's third largest machinery equipment supplier, with its machinery exports to Brazil surging nearly 150 percent to 364 million U.S. dollars in the first two months of 2008, the Brazilian machinery builders association said Tuesday. In the period under review, Brazil imported machinery equipment worth 3.27 billion dollars, a 66.1-...

Formation of Bonded Zone in Tianjin Binhai New Area approved Apr 10, 2008

The establishment of Tianjin Binhai New Area's Comprehensive Bonded Zone has been approved by the State Council recently. The bonded zone's planned area of 195.63 hectares will be closely supervised. The relevant provisions of the Official Reply of the State Council on Approving the Establishment of the Yangshan Bonded Port Area shall apply to Tianjin...

US suppliers cash in on green drive Apr 9, 2008

US equipment and service suppliers are cashing in on China's environmental protection and energy conservation push. "In the past few years, Spencer has made deals to provide high-efficient blowers and gas boosters to help treat pollution. China's become its second largest buyer after the US," Feng Xiaohui, manager of DDI Industry International Inc (Chi...

Intel sets up $500m fund Apr 9, 2008

Intel Corp's venture investment arm created a $500 million fund yesterday to invest in China's technology start-ups, in a fresh move to expand in the country's booming hi-tech sector. Intel Capital, which manages the new fund, will explore financially attractive and strategic investment opportunities in areas such as wireless broadband, technology, med...

Canadian auto parts firm Wescast establishes production base in China Apr 9, 2008

Canadian auto parts firm Wescast Industries Inc. has set up a production base in China, which went into operation on Tuesday in Wuhan, capital of Hubei Province. With an investment of 99 million U.S. dollars, the solely-funded Wescast Industries (China) Co. Ltd is expected to manufacture and export 8 million auto part products annually. Wescast, a...

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