Archive for May, 2007

China makes clear positions on WTO’s agriculture trade talks

Chinese Minister of Commerce Bo Xilai and Minister of Agriculture Sun Zhengcai have jointly sent a letter to the World Trade Organization (WTO), making clear China’s key positions on the organization’s agriculture trade talks, the Chinese Permanent Mission to the WTO revealed on Monday.
“Effective cuts in trade-distorting domestic farm support by developed members must be [...]

Geely to launch three models in Indonesia

Chinese automaker Geely International Corp. will sell sedans of three engine variants in its Indonesian debut at the price of below 100 million rupiah (about 10,800 US dollars), a leading economic daily reported Tuesday.
The sedans — with engine capacities of 1,300 cc, 1,500 cc and 1,600 cc — will be assembled by local partner PT [...]

China shares continues winning streak

China shares continued to rise stubbornly Tuesday morning after hitting a new record high the previous day, shrugging off concerns over a raft of tightening policies announced by the central bank last Friday.
The key Shanghai index, which covers both A and B shares, opened 0.46 percent higher and passed 4,100 points for the first time [...]

Zhengzhou Commodity Exchange gears up for rapeseed oil trade

China, the world’s largest producerand consumer of vegetable oil, will introduce rapeseed oil futures to the Zhengzhou Commodity Exchange in June to cope with price fluctuation risks.
The new futures product, which has been approved by the China Securities Regulatory Commission, will help traders hedge against price movements, sources with the exchange said Thursday.
Two separate promotions [...]

China predicts $2.1 tln of foreign trade in 2007

China’s imports and exports of goods will likely amount to 2.1 trillion U.S. dollars for the whole year, a growth of 20 percent over the year-earlier level, according to a report released Thursday by the Ministry of Commerce.
The report says in 2006, China’s foreign trade stood at 1.76 trillion U.S. dollars, up 23.6 percent year-on-year, [...]

China’s Geely motors to make debut in Indonesia

Aiming at grabbing a slice of Indonesia’s reviving automotive market, Chinese automaker Geely International Corp. is to make presence here with its Geely CK sedan, the local press said Friday.
The new car, to be launched in July, will be assembled here by Malaysian-based firm PT IGC International and PT Gaya Motor, a subsidiary of the [...]

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