China, the world’s largest producer of aluminum and steel, will lower or scrap export taxes next month on some shipments of the metals to try to bolster slowing economic growth.
The tariff on aluminum alloy rods and bars with a circumference of less than 210 millimeters (8.3 inches) will be reduced to 5 percent from 15 [...]
HONG Kong’s economy entered its first recession since the outbreak of SARS in 2003 as the global financial crisis cut exports and spending cooled, forcing the government to lower its full-year growth forecast.
Gross domestic product shrank a seasonally adjusted 0.5 percent in the third quarter from the previous three months, the government said yesterday. The [...]
The global financial crisis, which has put pressure on China’s exporters, will also bring opportunities, industry officials said during an electronics fair in Shanghai yesterday.
They said the crisis could lead to increased exports to Europe, as foreign firms cut costs and look for cheaper suppliers.
“It’s a chance for us to upgrade the industry structure,” Chen [...]
The State Council has approved a stimulus plan to lift value-added tax (VAT) rebates on exports from Dec. 1, in an effort to curb the destructive impact of the global financial crisis on its export-oriented economy, sources reported.
Premier Wen Jiabao yesterday disclosed at a State Council meeting that VAT rebates on 3,770 types of exports, [...]
Honda Motor Co has held a ceremony at its Chinese joint venture in Guangzhou to mark the shipping of the 100,000th Jazz car to Europe since the car was produced in the plant in 2005, the Xinhua news agency reported Thursday.
Speaking at the ceremony Honda Chief Executive Takeo Fukui said he has “great confidence” in [...]
The growth in China’s exports and imports slowed dramatically to below 20 percent in October amid a deteriorating global trading environment, the General Administration of Customs said yesterday.
China’s exports increased 19.2 percent year on year to US$128.3 billion last month, down from a 21.5-percent rise in September.
Imports grew 15.6 percent to US$93.1 billion, retreating from [...]
