Li & Fung Ltd, a Hong Kong-based consumer goods exporter, has agreed to acquire the U.S.-based handbag importer Van Zeeland, Inc to become a leading handbag supplier in the U.S., as per industry sources.
Li & Fung said in a statement that it will invest approximately HK$2.574 (about US$330 million) in acquisition of all the American [...]
China’s trade surplus was 123.72 bln usd in the first seven months, the General Administration of Customs said, confirming a report from the Xinhua news agency released a few minutes before the official announcement.
Customs also confirmed that the trade surplus was 25.28 bln usd in July, up from 21.35 bln usd in June.
The trade surplus [...]
China’s reliance on foreign trade had exceeded 60 percent, which made the country more sensitive to price changes on international markets and caused the ensuing external-driven inflation in the nation, sources with the National Bureau of Statistics (NBS) said on Tuesday.
The country’s inflationary pressure was mainly driven by price rises for crude oil, grain and [...]
Macao registered a trade deficit of 12.91 billion patacas (1.66 billion U.S. dollars) for the first half of 2008, with exports/imports ration decreasing from 47.6 percent of the same period of last year to 39.8 percent, according to the figures released Thursday by the Statistics and Census Service (DSEC) of the Special Administration Region (SAR).
The [...]
China imported more edible vegetable oil at higher cost in the first five months of this year, as demand remained strong at home and prices were buoyed up by short supplies worldwide.
Between January and May, China imported 3.57 million tons of edible vegetable oil, a year-on-year increase of 11.1 percent. The arrivals were valued at [...]
Bilateral trade between Taiwan and mainland China in the five months to May rose 21.6 pct from the corresponding period last year to 46.39 bln usd, the Board of Foreign Trade said.
The figure accounted for 21.7 pct of Taiwan’s total external trade during the period, compared with 21.4 pct a year earlier, the Board said, [...]
