Trade News

China to settle financial information disputes under WTO rules Mar 28, 2008

China will work with the World Trade Organization (WTO) rules to settle disputes with the European Union (EU) and the United States on the financial information provider issue. We've noticed that the United States and European Union have requested consultation at the WTO on the issue of financial information providers," the Ministry of Commerce said i...

64 catering enterprises enter Terminal 3 Mar 28, 2008

Sixty-four famous food and beverage enterprises, representing more than forty brands including KFC, Pizza Hut, McDonald's and Rodgers, have officially set up shop at the Capital Airport after Terminal 3 opened, according to the Beijing Capital Airport F&B Development Company. These enterprises did not raise their prices after entering the Capital Airpo...

HK jewelry exports marked significant growth in emerging markets in 20...Mar 28, 2008

As the world's fourth-largest fine jewelry exporter, Hong Kong saw jewelry exports growing 17 percent in 2007, with significant growth in emerging markets, Hong Kong Trade Development Council (HKTDC)'s Jewelry Advisory Committee said Tuesday. Hong Kong jewelry exports jumped by 17 percent to 33.8 billion HK dollars (4.3 billion U.S. dollars) in 2007, ...

Nestle opens ice cream plant in south China Mar 28, 2008

Nestle opened a new ice cream plant in south China on Wednesday, demonstrating its aim to further develop the Chinese market. The 22,000-sq-m factory, in Guangzhou, capital of Guangdong Province, will increase the food and drink giant's annual ice cream productivity to 64 million liters, three times the output from its old facilities. The plant, i...

China Life's market share rises to 39.7% Mar 28, 2008

In 2007, China Life Insurance Co., Ltd. attained an operational revenue of 281.294 billion yuan, at an increase of 23.26%. Its total profit grew 101.25% to 34.794 billion yuan. The company's net profit soared 94.77%, and reached 28.116 billion yuan. In addition, its diluted earnings per share were a record high of 0.99 yuan, according to an annual report ...

China steps up passenger, crew data reports for int'l flights Mar 27, 2008

The Ministry of Public Security and the General Administration of Civil Aviation of China (CAAC) have issued a joint regulation to step up pre-flight data reporting for passengers and crews on international flights, effective on May 1. "International airlines should report accurate and complete passenger and cabin staff information to Chinese border c...

Hong Kong's BoP account surplus rises to $14.68 bln in 2007 Mar 27, 2008

Hong Kong recorded a surplus of 114.5 billion HK dollars (14.68 billion U.S. dollars) in its balance of payments account in 2007, representing 7.1 percent of its gross domestic product, the Hong Kong Special Administrative Region (HKSAR) government said Tuesday. A balance of payments (BoP) account is an integrated statistical statement of an economy's...

China's state-owned investment giant plans overseas investment Mar 27, 2008

China's state-owned investment holding giant said on Tuesday it is poised to focus on overseas investment and the financial sector in the next five years to reap greater benefits. The State Development and Investment Corp (SDIC) unveiled its strategy despite the losses the country's sovereign wealth fund suffered in its overseas deals in the wake of U...

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