China’s trade surplus widened to a record in September as exports withstood the global economic slowdown and falling commodity prices reduced the import bill.
Exports rose 21.5 percent from a year earlier to $136.4 billion after gaining 21.1 percent in August, the customs bureau said on its Web site. The trade surplus climbed to $29.3 billion, [...]
China is likely to surpass the U.S. to become India’s largest trading partner in this fiscal year, said Lv Kejian, Director of Department of Asia Affairs of the Ministry of Commerce.
He noted that although Asia faces economic slowdown, China’s economic and trade cooperation with other Asian countries still sees significant growth. Last year, China’s trade [...]
Over the past five years, around 30,000 to 40,000 new foreign investment projects have been approved in China every year, with an annual investment exceeding $60 billion.
The figures were 300 and $600 million respectively in the first five years after the country’s adoption of the reform and opening-up policy in 1978. According to statistics released [...]
The Solvent Extractors’ Association (SEA) is seeking immediate imposition of the import duty on edible oils in order to curb more defaults following continuous crash in prices. “We are likely to meet the ministry officials concerned and request to impose import duty on edible oils,” said Ashok Sethia, president, SEA.
Tags: farmer, import
The disillusionment of Wall Street myth has further endangered the already downward global economy, and posed a fresh threat to China’s foreign trade, which is already on the verge of collapse.
‘The year 2008 has thus far proved to be the most arduous year for China’s foreign trade exports since its entry into the WTO,’ predicted [...]
At least 12 countries - from Indonesia to Colombia - have banned Chinese dairy products
amid fears over a widening tainted milk scandal that has killed four Chinese babies and sickened thousands of others.
Worries that compromised ingredients may have contaminated other foods like yogurts, cookies and candies have led several more countries, from Canada to Australia, [...]
