Archive for the ‘China trade’ Category

China export: continued to decline

In the first half of this year, Chinese export is continued to decline, The amount of export of the first year is 521.53 billion U.S. dollars , which dropped 21.8% . This is the eighth months the amount of export keep decline.

Because the demand is still decline, some chinese company begin sale their goods to demostic customer,I saw a toy which can talk with baby, it suprised me, I did not saw this kind toy in chinese market before, many friends have the same view with me, it really a good news for chinese customer, CCTV reported the owner of this company said becuase the price of export is far away higher then demostic market and many demostic compamy have a strong capability to study and research, they do not sale it in demostic market before. About the price, some exporter face the competition, I heared many of then had to offer a lower price to foreign customers, it is really a hard work to find who have an order in the hand and also have money in the hand, Many chinese company select close the facotory in a short time, so the owner can keep money in the hand and keep the chance for the future.

Face the tough competition, chinese government taken some measures to help these company, some of them found it is more easy to get loan, In chinese eyes, we  did not take trade protection to solved the problem,the imports still keep 424.6 billion .U.S dollars , and china begin took the initiative in international organizations to face the trade protection measures , not select trade protection too.  Last weeks, China has asked the World Trade Organisation to probe a U.S. ban on Chinese poultry imports and has filed complaints about EU anti-dumping measures against Chinese fasteners. I read a review of a england reported said: china begin to participate in the institutions which controled by Western.

The above chart(China Customs) is the imports and exports data from 2007-10 to 2008-10,we can found the amount of the trade had a big reduce since the beginest month of the decline.

China determine the minimum price of wheat for 6 main wheat producing province

According to media reports, china will implement the minimum price of wheat to Jiangsu, Anhui, Shandong, Henan and Hubei province this year, White Wheat is 0.87 yuan every half a kilogram, Red wheat, mixed wheat Jin 0.83 yuan every half a kilogram respectively, increasing 0.1 yuan or 0.11 RMB compared with that of last year. The implementing time is from May 21 to September 30 this year. In addition to the main 6 wheat producing province, and the wheat minimum purchase price of other wheat-producing areas is decided by the provincial government.

India say no to Chinese toys

India say no to Chinese toys
Recently, the Indian government ordered a six-month lock-up order on Chinese-made toys. And India has embarked an anti-dumping investigation on 10 kinds of Chinese products. In fact, not only in India, the United States, Europe and other countries are taking such trade protection measures.
as we all know, trade protectionist measures will lead to a trade war, and ultimately result in the narrow trade volume in the whole world, The result is that a large part of country’s economy would be badly hit, rising unemployment, increasing social crisis, and trigger a conflict between the country and even the war. financial crisis in 1929 precisely is due to the world trade protectionism around the world,which lead to several times narrower trade volume than before, very high unemployment rate, productivity, and ultimately led to World War II.

China will soon organize purchasing groups to Europe

China will soon organize purchasing groups to Europe
Chinese Premier Wen Jiabao said that China will soon organize purchasing groups to Europe for the equipment, goods and technology.

foreign trade volume fell significantly in December

According to the latest statistics, China’s total imports and exports is 183.33 billion dollars in December,  11.1 % decline;exports of 111.16 billion dollars , fell 2.8 %; imports of 72.18 billion U.S. dollars,  21.3 % decline. China’s total imports and exports maintain the steady growth of more than 15% for 10 months, the import and export situation came to a standstill in November last year, the total volume of imports and exports appear the first negative monthly growth since October.The export and import growth appear the first time double declines since 1998.

The sales decline,passenger flow reduction in Zhongguancun

Zhongguancun,located in Beijing,China has been a well-known nationwide electronic products distribution center. according to news reports,recently, Passenger traffic has reduced in Zhongguancun.
The news said the Ding Hao Electronics City is a bit deserted in Zhongguancun. The reporter saw a shop owner was packing things up in a computer shop, The shop owner said he has had a loss nearly 200,000 yuan RMB from December last year to now.this time should be the season, but now a few customers come here every day, with the pressure of 10,000 yuan RMB rents, he forbid to choose to terminate their business to find a way out. The several other electronic city is not too optimistic, some salsmen said it is difficult to do business now. Some shop owners said their sales reduce more than 50% than that of the past.
I think that the global economic crisis should impact of electronic sales, while the cheap and convenient on-line shopping is also the main reason. It is said that a 12-inch notebook computers are 1,000 yuan cheaper in web shop,if the quality of products can be ensured, what a big temptation the web shopping have for the customers!

China will sell aircraft to USA

Big news,China will seel aircraft to USA,It means china not only ouptput socks to USA market,but also sell high-technology products like plane to USA market now.The most importand things it the aircraft –ARJ21 is developed independently by China!

I think there have not many people know that more than 60% china’s gdp is support by output,and more than 70% output of high-technology is just “joining”,what we did just buy other’s product then join them,and say it is make in china,The ARJ21 means china now begin try really produce something by ourself in high-technology,it is a big good news.

Acctually, ARJ21 means Advanced Regional Jet for the 21st Century,I hope china will finish the transition to a high-technology country in 21st.

China’s smartphone market booms in Q1, sales up 4.8%

    BEIJING, May 11 (Xinhua) — Sales of smartphone in Chinese market in the first quarter increased 4.8 percent compared with the fourth quarter last year.

    Sales hit 8.24 million units in the first quarter, accounting for 19.1 percent of all types of cellphones sold on domestic market, according to a report issued by Beijing-based CCIDC Consulting company.

    Sales value stood at 20.4 billion yuan (2.91 billion U.S. dollars) in the first three months, representing an increase of 7.6 percent over the same period last year.

    The average price of a smartphone in Chinese market is around 2,470 yuan. Compared with high-end ones, low-end smartphones are more popular among buyers, said the report.

    Smartphone produced by Nokia company and Motorola accounted for85.9 percent of the market share.

China signs Orinoco oil supply JV

    BEIJING, May 11 — Venezuela and China, the world’s fastest-growing major economy, will form a joint venture to produce oil in Venezuela’s Orinoco Belt to supply a new 400,000-barrel-a-day refinery they will build in China.

    The venture between Petroleos de VENEZUELA SA and China National Petroleum Corp will pump oil from an area called Junin 4, where CNPC has quantified reserves, President Hugo Chavez said at a signing ceremony in Caracas late on Friday, Bloomberg News reported.

    China is securing long-term energy supply deals around the world to satisfy its growing needs.

    Chinese oil consumption will rise 5.3 percent this year, the International Energy Agency reported in January. Demand rose 6.6 percent in 2006, according to the most recent BP Statistical Review.

    ”This isn’t about an immediate advantage,” said Pedro Benitez, a professor of political economy at Central University of VENEZUELA and oil consultant. “It’s more about the political economy of China. It’s to maintain a commercial relationship.”

    Zhou Jiping, vice president of CNPC, and Venezuelan Energy and Oil Minister Rafael Ramirez, who is also president of the state energy company known as PDVSA, signed the agreement.

    Venezuela is diversifying its energy markets to reduce reliance on the U.S., its biggest customer. The country sends 300,000 barrels a day to China, Chavez said. Venezuela sent 12,300 barrels a day in 2004, before President Hugo Chavez said it was a priority to increase sales to the Asian nation.

    Two company board members said the new refinery won’t use Orimulsion, the boiler fuel that Venezuela used to sell at a price much cheaper than its usual price for oil. Days earlier, a PetroChina executive said it would use the low-cost oil. But “Orimulsion is dead,” said del Pino.

    Asdrubal Chavez, head of refining, commercialization and supply for the state oil company, said the same thing when asked if Venezuela was restarting shipments, which halted at the end of 2006. He said that while Venezuela intends to ship an average 400,000 barrels a day to China this year, none will be the low-cost oil.

    (Source: Shanghai Daily/Agencies)

China’s Chalco to take stake in Saudi aluminum smelter venture

    BEIJING, May 9 (Xinhua) — Aluminum Corporation of China Ltd (Chalco), the country’s top aluminum producer, will team up with Malaysia’s MMC and Saudi Arabia’s Binladin for a joint aluminum project in Saudi Arabia.

    The project, to cost 4.5 billion U.S. dollars, includes an aluminum smelter plant and an equipped power plant in Jazan Economic City, under an agreement the three sides signed here>    The smelter will have an annual production capacity of 1 million tons.

    Chalco would take a 40 percent stake in the plant as the largest shareholder and control 20 percent of the power plant shares. It would also provide technology and alumina for the project.

    According to earlier reports, Chalco was to take a 40 percent stake in the project, while MMC and Binladin would each take 20 percent stakes. Other Saudi investors would share the remaining 20 percent stake.

    The three sides also signed a memorandum of understanding on supporting issues with the Saudi Arabia General Investment Authority, which promised to offer necessary support to the joint-venture project.