China News Direct

 
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Time for China's Exporters to Reposition
(Dec 14, 2011) Inadequate international demand, intensive competition and frequent trade friction which cast a shadow on China's export will push more Chinese companies to reposition and re-structure. China has a high reliance of external trade on western developed countries and comparatively speaking in terms of value, its trade with developing countries is ...
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Beijing Active in Cross-border RMB Settlement
(Dec 14, 2011) Beijing had cumulatively settled over RMB500 billion of cross-border RMB transactions ended November 2011 thanks to increased circulation of RMB in the world. Beijing city had settled 11,840 cases of cross-border RMB settlements worth a total of RMB506.19 billion. Despite fewer settlements of cross-border RMB transactions in November, the settlement ...
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China Import Down in Weakened Economy
(Dec 12, 2011) A weakened global economy has dragged both of China's export and import which declined in November. In November 2011, China did import and export trade of US$334.4 billion, growing at 17.6% year-on-year, of which export increased by 13.8% year-on-year to US$174.46 billion and import increased by 22.1% to US$159.94 billion. ...
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Shandong Has Cleared RMB200Bn Cross-Border Settlement
(Dec 09, 2011) Commercial banks in Shandong province cleared cross-border trade of RMB200 billion for 1,500 companies from January to November this year, perfecting a cross-border RMB clearance industry which involves more companies and countries now. From January to November 2011, the 433 bank branches of 34 banks in Shandong handled RMB207.39 billion ...
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China's First Foreign Trade White Book Projects US$8Tn Import
(Dec 07, 2011) China's first ever issued white book on foreign trade projects an import trade value of nearly US$8 trillion by 2015. The white book issued by the State Council Information Office yesterday, at a time when China has entered the WTO for ten years, is a review and an interpretation of ...
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Export Orders and SME Loan Demand Slow
(Dec 02, 2011) Small and medium-sized enterprises (SMEs) in Hong Kong are holding a cautious view about lending amid the bleak global economy, according to Kelvin Au, director of SME financial management of Hong Kong and South China at Standard Chartered Bank (Hong Kong). The demand for SME loan has been climbing steadily ...
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China's Export Quotas of Agricultural and Mineral Products for 2012
(Dec 01, 2011) The Ministry of Commerce has announced the export quota for certain agricultural and industrial products for 2012. In the category of agricultural products, the corresponding export quotas are: 1) Aluminum, 260,000 cubic meters; 2) Rock grass (Rush) and its products, 32 million kilograms; 3) Big live pig, 1.8 million heads ...
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China Sets Non-state Crude Oil Import Quota at 29mn Tons
(Dec 01, 2011) China's Ministry of Commerce (MOC) has announced the import quota of crude oil for non-state owned companies for 2012, capping the volume at 29.10 million tons and applying certain conditions. Only foreign trading companies with a registered capital of not less than RMB50 million and a bank credit line of ...
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Suzhou Shares Half of Jiangsu's External Trade
(Nov 18, 2011) Suzhou city did half of Jiangsu province's external trade and about 8% of China's total during the period of January to October, keeping its leading position. From January to October 2011, Suzhou did import and export trade of US$246.34 billion, representing a growth of 9.9% year-on-year. Export trade valued at ...
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Bank of China (Shaanxi) Settled 37% More International Trade
(Nov 18, 2011) Bank of China (Shaanxi) settled nearly US$5 billion of international trades ended September, creating a 37% growth in the business. Bank of China (Shaanxi) has a number of overseas branches in the U.S. and in Europe, which helps make international trade finance and settlement easier for clients in Shaanxi and ...
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