China’s huge trade surplus with the United States is “directly related to its manipulation of its currency’s value,” Democratic presidential candidate Barack Obama said in a letter released on Wednesday.
The blunt statement from the frontrunner heading into next week’s U.S. election follows years of Bush administration refusal to label China as a currency manipulator.
Tags: exports, [...]
China is well placed to steer its economy to a soft landing and a slowdown would be a normal part of the country’s development cycle, prominent economist Yu Yongding said in comments published on Wednesday.
The government should focus more on restraining inflation than on helping exporters and should allow the yuan to appreciate further with [...]
Russia signed a pipeline deal with China on Tuesday to create a new overland supply route for Siberian oil as the two countries negotiate a package of export-backed Chinese loans expected to exceed $20 billion.
Russian pipeline monopoly Transneft (TRNF_p.MM: Quote, Profile, Research, Stock Buzz) and China National Petroleum Corp (CNPC) agreed to build a spur [...]
China’s trade volume had risen to 7.7 percent of the world total in 2007 from just 0.8 percent in 1978, the first year of reform and opening up, the National Bureau of Statistics reported on Monday.
The country was the world’s third biggest international trader, after the United States and Germany, compared with 29th in 1978, [...]
September saw the value of total goods exports of Hong Kong rise to 247.2 billion HK dollars (31.92billion U.S. dollars), up 3.6 percent on the same month last year, official figures released Monday.
Within this total, the value of re-exports rose 4.6 percent to 239.4 billion HK dollars, while the value of domestic exports dropped 20 [...]
China’s Ministry of Commerce said yesterday that it would step up its dialogue with major trading partners to ensure a smooth transition when the last of the quotas on its textile exports expire at the end of this year.
The United States and European Union both negotiated growth caps on exports of Chinese textiles after a [...]
