Trade News

Coal imports hit record due to chilly weatherJan 21, 2011

SHANGHAI - China's coal imports surged to a monthly record of 17.34 million tons in December, up 25 percent compared with the previous month.   That's according to data supplied by the China Customs Statistics (CCS) Information Center on Wednesday.   December's robust numbers mean the country's full-year coal imports were a record 166....

China makes flurry of energy deals with US firmsJan 21, 2011

Washington - China's National Energy Administration and the United States Department of Energy signed 18 deals worth $13 billion on Tuesday, ushering in President Hu Jintao's four-day state visit to the United States.   The deals coincided with the Second China-US Strategic Forum on Clean Energy Cooperation that began on Tuesday morning in Washin...

Chinese automaker Changan to set up R&D base in U.S. Jan 20, 2011

China's Changan Automobile Group announced Tuesday it will open a research and development (R&D) center in the U.S. city of Detroit, becoming the first Chinese automaker to have a research base on U.S. soil. The Detroit center will specialize in automotive chassis technology, including performance development, computer-aided engineering and manufac...

Eurozone construction output drops 0.9% in NovemberJan 20, 2011

Construction output in both the eurozone and the wider European Union (EU) dropped in November compared with the previous month, EU statistical bureau Eurostat said on Wednesday. Construction output in the eurozone fell 0.9 percent in November month-on-month. Building construction declined 0.9 percent while civil engineering fell 2.8 percent. For th...

China's yuan rises two basis points to new high of 6.5883 per U.S.dol...Jan 20, 2011

China's yuan rises two basis points to new high of 6.5883 per U.S.dollar. (Source:xinhua)

China improves efforts against IPR infringements, better investment cl...Jan 20, 2011

A local branch of the municipal industry and commerce administration of Hangzhou, capital of east China's Zhejiang Province, is ready to join hands with the France-based luxury goods company Louis Vuitton Malletier in preparations for the nation's first campaign against IPR (intellectual property right) infringements this year. In mid-January they wil...

Ukraine to increase grain export quotasJan 20, 2011

The Ukrainian government has decided to increase the country's grain exports quotas, the agrarian policy minister said Wednesday. "Now we are revising the previous restrictions and will soon set new quotas," Minister Mykola Prysiazhniuktold reporters after a cabinet meeting. Prysiazhniuk said his ministry planned to meet with grain traders to discu...

ACFTA has huge potential in increase of trade, investment: ASEANJan 20, 2011

Secretary General of the Association of the Southeast Asia Nations (ASEAN) Surin Pitsuwan said that the ASEAN-China Free Trade Agreement (ACFTA) effective in Jan. 2010 has been resulting in significant increase of trade and investment. "While it's still too early to assess the impact of ACFTA in both China and ASEAN, the economic potential in terms of ...

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