Bank calls for support to retain export growth

China’s export growth may remain above 20 percent in the second half of this year if the government adjusts policies to bolster the sector, said a research report by China Construction Bank released yesterday.
But the real pace of export growth was actually slowing down sharply once price increases and the rising Chinese currency were taken [...]

China’s trade deficit with ASEAN members continues to go down in 1st 5 months

China’s trade with ASEAN members amounted to 95.55 billion U.S. dollars in the first five months of this year, a growth of 26.9 percent over the same period of last year, the General Administration of Customs said on Sunday.
The total included 50.27 billion U.S. dollars in import value, up 22.3 percent, and 45.28 billion dollars [...]

China’s leading trade fair to undergo major upgrade

The Canton Fair will undergo a major upgrade with further regrouping and breakdown of constituent sections and enhanced services in autumn in a newly-built world- class facility, senior officials said here on Friday.
The fair will also be extended into three five-day events running from Oct. 15 to Nov. 6 separated by two four-day intervals, compared [...]

China’s auto import growth slows down in first five months

Growth in China’s auto imports slowed down in the first five months of this year, thanks largely to a compulsory coding system for standardizing vehicle purchase from abroad, according to General Administration of Customs.
The new import management system, which took effective in April, denies refitted and stolen motor vehicles access to the Chinese market.

Tags: Auto, [...]

China’s crude oil import volume up 11% in first half

China, the world’s second-largest energy consumer, imported 11 percent more crude oil in the first half of 2008 than in the year-earlier period.
Crude imports stood at 90.53 million tons, the General Administration of Customs said on Thursday. The growth rate was down 0.2 percentage points from last year.

Tags: crude-oil, import

HK airport passenger growth up 5% in June

Airport Authority Hong Kong announced Sunday that passenger throughput at the Hong Kong International Airport (HKIA) reached 4.1 million in June 2008, representing a 5 percent rise over June 2007.
According to statistics provided by the authority, cargo traffic at the airport increased 2.4 percent to 312,000 tons and air traffic movements went up 2.7 percent [...]