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Trade volume between South Korea and the Democratic People's Republic of Korea (DPRK) rose last year despite their frayed ties and suspended bilateral exchanges, the unification ministry here said Wednesday. The inter-Korean trade volume in 2010 totaled 1.91 billion U.S. dollars, a 13.9 percent surge from a year earlier, ministry spokeswoman Lee Jong-j...
The China-Thai joint committee has resolved on the framework of the Sino-Thai high-speed train project, in which Thailand will hold 51 percent share and China will hold 49 percent, a local media said. The framework agreed by the joint committee of the two countries is expected to submit for approval from the Transport Ministry and the cabinet in January...
The Chinese yuan rose to a record high Wednesday of 6.5885 against the U.S. dollar. The central parity rate of the Chinese currency, also known as the renminbi (RMB), was a little bit stronger than the previous record of 6.5891 set Tuesday, according to the China Foreign Exchange Trading System. The yuan appreciated 3.6 percent last year, but accele...
BEIJING - As the United States struggles to shake off the shadow of the financial crisis, many US companies are increasing their investments in China -- betting that the country will continue to deliver high growth for years to come. US industry giants, such as General Electric, Procter & Gamble, Ford Motor, Caterpillar, Starbucks and The Carlyle Gr...
BEIJING - China would progressively make its currency, RMB, convertible on the capital account in the next five years amid its push for the deeper internationalization of the currency, or yuan, the country's foreign exchange chief said Tuesday. "The overall strategy for the reform of China's foreign exchange management system is to achieve the convert...
Bilateral trades between Cambodia and China increased 41.5 percent in 2010 compared with that of 2009, official statistics showed on Tuesday. The two countries'total trade volume hit 1.12 billion U.S. dollars in 2010, up 41.5 percent from about 791 million U.S. dollars in 2009, according to the statistics from the department of statistics and planning ...
E-commerce turnover in China jumped 22 percent in 2010 from a year earlier to 4.5 trillion yuan (681.82 billion U.S. dollars), an industry report said on Tuesday. Online retail sales almost doubled to 513.1 billion yuan, according to the report released by the China e-commerce research center. The report estimated that online retail sales would doub...
Hong Kong saw the volume of total goods exports and imports up 9.8 percent and 8.1 percent respectively in November 2010 year-on-year, according to figures released by the Census and Statistics Department of Hong Kong Special Administrative Region's government on Tuesday. The volume of Hong Kong's goods re-exports went up 9.8 percent in November 2010 ...
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