Archive for the 'China Trade News' Category

China-Russia oil pipeline to be completed at year-end

The China-Russia oil pipeline is likely to be completed by the end of this year and the project will enter into operation in 2011, Chinese Foreign Minister Yang Jiechi said Sunday.
Yang made the remarks at the press conference held Sunday on the sidelines of the annual session of the National People’s Congress, the country’s top [...]

Iron ore talks still deadlocked

This year’s iron ore benchmark talks will not end in agreement any time soon because Chinese steel mills will not accept a price that is higher than what the processed products can be sold for, Deng Qilin, the president of Wuhan Iron & Steel Group, said yesterday.
Deng, who is also the chairman of the China [...]

More efforts needed to reach energy saving goal

China needs to strive harder to reach its goal of energy conservation set by the 11th Five Year Plan (2006-2010), said Li Pumin, spokesman of the National Development and Reform Commission.
According to the plan, China will cut its per unit GDP energy consumption by 20 percent (compared with the 2005 level) at the end of [...]

Fresh drop in prices for imported fruits

Prices of some imported fruits have been slashed compared with the recent Spring Festival period, as a result of fresh goods from the United States and changing public attitudes.
Imported fruits that stocked shelves in February came mostly from small exporter countries like Peru, which lacked mechanized production systems, according to the Beijing Chunlin Agricultural Products [...]

Purchase price of cowpeas in rebounds after pesticide scandal

The purchase price of cowpeas in China’s southernmost province of Hainan has rebounded sharply from its lowest level after being pummeled by a pesticide scandal, provincial governor Luo Baoming said Sunday.
The average purchase price of cowpeas climbed to 2.6 yuan (38 U.S. cents) per kilogram on Sunday, almost two weeks after it dropped to the [...]

Toyota begins to taste bitter in China

For the first time in years, Toyota has dropped from the top 10 list of the best selling cars in China in February, the China Daily reported Tuesday.
FAW Toyota, the Japanese automaker’s joint venture in China, disappeared from the top 10 sales list for the first time, the newspaper quoted statistics released by China Passenger [...]

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