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China remained a major victim of trade protectionism during the past year, witnessing 64 trade disputes in this period, covering some $7 billion in value, China's Vice Commerce Minister, Zhong Shan, said here Wednesday. The country faced trade disputes with both developed countries and developing ones, which came from not only traditional sectors b...
To ignore China would be a "fundamental mistake" for any business seeking growth in the world, the founder of a consultancy company said in Johannesburg Tuesday, Jan 25, 2011 as South Africa is preparing to host the first China-South Africa business forum. Beijing Axis (BA) group managing director Kobus van der Wath said a China-South Africa b...
CHICAGO, Jan. 28 (Xinhua) -- Gold futures on the COMEX Division of the New York Mercantile Exchange jumped the most since Nov. 4 on Friday, as the violent protests in Egypt buoyed up investor's demand for the relative safety of the precious metal. Silver and platinum both climbed. The most active gold contract for April delivery surged 21.9 dollars, or 1...
NEW YORK, Jan. 28 (Xinhua) -- The U.S. dollar was boosted against most major currencies in late New York trading on Friday as tensions in Egypt raised concerns about stability in the Middle East and Africa. The situation in the Middle East and Africa increased investors ' demand for safe havens and prompted them to sell riskier assets. Meanwhile, the C...
DAVOS, Switzerland, Jan. 29 (Xinhua) -- China is ready to push the decade-long Doha Round negotiations for a final success, Chinese Minister of Commerce Chen Deming said here on Saturday. Speaking at the World Trade Organization (WTO) Mini-Ministerial Meeting which brought together representatives from over 20 major trading powers, Chen said that China is...
BEIJING - China's land supply for affordable housing in 2010 soared 124.5 percent year-on-year amid the country's robust demand for affordable housing, said officials with the Ministry of Land and Resources (MLR) Saturday. The total land supply for affordable housing last year hit 24,700 hectares across China's mainland, excluding Tibet autonomous regi...
BEIJING - Zhou Xiaochuan, China's central bank governor, pledged to remove domestic policy barriers to promote the yuan's use in cross-border trade settlements and outward investments by Chinese enterprises. However, Zhou said the government does not have any predetermined goal for the currency's international position. "The yuan is just a domest...
DAVOS, Switzerland - China has no need to revalue its yuan currency for trade reasons, as export growth will slow to a still strong 10 percent this year and its surplus is set to contract by 2015, its trade chief said on Friday. Imports from the world's second largest economy will probably grow faster than exports this year, Commerce Minister Chen Deming...
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