Growth in exports set to drop to 10%
BEIJING, May 6 — Weak external demand is set to pull down China’s export growth to 10 percent after the 25.7 percent jump in 2007, a research unit under the Ministry of Commerce said. The country’s 2008 trade surplus may also drop to 200 billion U.S. dollars from a record 262 billion dollars last year, Li [...]
Middle East, Chinese entrepreneurs seek “Silk Road revival”
RIYADH, May 5 (Xinhua) — The 2008 China-Middle East Summit opened here Monday, bringing together nearly 100 entrepreneurs mainly from China and Saudi Arabia to discuss key opportunities and challenges of the ‘New Silk Road.’ The summit was jointly sponsored by the Financial Times and Hong Kong-based First Eastern Investment Group. Chinese Ambassador to Saudi [...]
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Chinese firms triumph in U.S. battery suit
BEIJING, May 6 — A U.S. court’s decision to shoot down the patent infringement claims of a U.S. battery maker has ended a lengthy case against Chinese battery manufacturers and marks the first victory of Chinese enterprises in trade disputes such as this. ”It lasted five years and cost millions of dollars,” the China Battery [...]
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Vietnam to buy more electricity from China
HANOI, May 5 (Xinhua) — Vietnam has planned to spend roughly 160 million U.S. dollars purchasing 3.5 billion kWh of electricity this year from China, local newspaper Vietnam News reported Monday. The Electricity Vietnam (EVN), the country’s biggest electricity producer and sole distributor, will have to pay 4.5 U.S. cents for each imported kWh of [...]
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Tough year for food exports
BEIJING, May 4 — China’s booming food export industry is facing a difficult year as the overall environment for exports has tightened and stricter tests are required by Western importers. Many food export firms at the spring session of the Canton Trade Fair, held last month, were daunted by increased examination costs after the dumpling [...]
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China cracks down on illegal grain exports
BEIJING, May 3 (Xinhua) — China’s customs have tightened blocking illegal grain exports triggered by international price hikes. As the international rice and wheat prices surge to historical highs, cases of grain smuggling are on the rise, said customs officials. Among eastern China’s coastal ports, Hangzhou Customs stopped four such attempts and blocked nearly 7 [...]
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China’s food exporters strive to meet challenges of higher safety standards
GUANGZHOU, May 3 (Xinhua) — China’s booming food export industry is facing a difficult year as the overall environment for Chinese food export has tightened and stricter examinations are required from Western importers. Many food export firms in the spring session of the Canton Fair, the largest trade fair in China held in the latter [...]
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Trade between Chinese mainland, Taiwan grows more rapidly
BEIJING, May 2 (Xinhua) — The Chinese mainland witnessed a fast development in trade with Taiwan province in the first two months of this year, as a string of policies benefiting Taiwan businesses were carried out. Sources with the General Administration of Customs said on Friday that the January-February trade volume between the two sides [...]
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Steel export decline drives down China’s foreign sales of high-energy-consuming products
BEIJING, May 2 (Xinhua) — China’s policies to curb export of high-energy-consuming products have partly paid off, as a sharp decline of steel exports drove down the country’s foreign sales of such goods by a big margin in February. Sources with the General Administration of Customs said on Friday that in February, China sold abroad [...]
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China’s food exports to Japan down drastically in Jan.-Feb. period
BEIJING, May 2 (Xinhua) — China saw a big-margin decline in food sales to Japan on “dumpling poisoning” case in the first two months of this year. Between January and February, China exported 471,000 tons of foodstuffs for 1.02 billion U.S. dollars to Japan, a decrease of 17.1 percent and 10.4 percent respectively from the [...]
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