Refined silver output in China, the world’s third biggest producer, has peaked and may stop growing as producers halt expansion because of higher costs, lower prices and reduced incentives, an industry official said.
Rising costs of labor and higher taxes on exports have reduced producers’ margins, Zhou Juqiu, chairman of the gold and silver division at [...]
A total of 2,719 consignments of imported food and cosmetics were rejected in the first seven months of this year, the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) said on Tuesday.
The products included batches of Ausnutria baby milk formula that was found to contain the Enterobacter sakazakii bacteria, it said.
Of the rejected goods, [...]
China saw a dramatic decline in sugar arrivals in July, due partly to over-supply at home, customs sources said on Monday.
According to the General Administration of Customs, China bought from abroad 548,000 tons of sugar in the first seven months of this year, down 20.6 percent from the same period of last year.
The arrivals were [...]
The turmoil in global financial market has drugged the world’s economy down. The changes of external economic environment has affect China’s two-way trade. Gao Hucheng (thereafter referred to as Gao), vice commerce minister, accepted an interview on Oct. 28, during which he talked freely on latest development of China’s foreign trade.
A 25.2 percent year-on-year increase [...]
The weaker external demand and tighter credit control at home have slowed the growth in Shanghai’s trade by 3.6 percentage points from a year ago to 20.5 percent in the first three quarters, the Shanghai Statistics Bureau said yesterday.
The city’s exports expanded 23 percent to 127.9 billion U.S. dollars through last month, a fall of [...]
China Petroleum & Chemical Corp., Asia’s biggest oil refiner, said it asked the government to suspend taxes levied on the imports of crude oil and fuel to help boost profits.
If the exemptions were approved by the government, the changes will be reflected in the next-quarter report, Chief Financial Officer Dai Houliang said in a conference [...]
