China News Direct

 
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Hong Kong Needs New Markets To Sustain Exports
(Dec 30, 2010) Hong Kong manufacturers are advised to open new markets as growth in exports may slow to just 8% next year compared with a growth of 20% in 2010, according to Hong Kong Trade Development Council (TDC). The weak demand in the U.S. and Europe, rising labor and raw material costs ...
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Taiwan Exports To China Continues To Break Record
(Dec 29, 2010) Taiwan's export to mainland China is expected to break record next year, supporting by ECFA (Economic Cooperation Framework Agreement). Data from China News Agency showed from January to November 2010, the export trade value of Taiwan to China and Hong Kong broke US$100 billion to reach US$104.93 billion, rising 39.4% ...
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China Announces First Rare Earth Export Quota for 2011
(Dec 29, 2010) The Ministry of Commerce of China (MOC) has announced the first tranche of export quota of rare earth for 2011, which shows a drop in volume of 11.4% over this year. In its announcement made yesterday, MOC set the initial export quota of rare earth at 14,446 tons, representing a ...
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China Lifts Railway Capacity With New Schedule
(Dec 21, 2010) The Ministry of Railway of China has completed drafting a new national railway schedule and operational targets for next year which will take effect on January 11, 2011. The new railway plan will focus on lifting the passenger transport capacity and frequency of railways, and the cargo tonnage of cargo ...
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Shenzhen's Dafen Oil Painting Fair Clinched RMB600Mn
(Dec 16, 2010) Shenzhen, Guangdong Province, hosted the 1st China (Shenzhen) Oil Painting Fair and Dafen International Oil Painting Festival 2010 from December 3 to 15, clinching a deal of RMB655 million, including an export of RMB380 million. The fair exhibited a hundred of replicas of world class paintings, and held oil painting ...
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China May Appeal Against U.S. Tyre Tariff
(Dec 15, 2010) On December 13, a WTO dispute settlement panel concluded that the U.S. did not fail to comply with its obligations in imposing a tariff on tyres exported from China in the period of September 2009. China's Ministry of Commerce said it regretted the WTO conclusion and would appeal at an ...
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Chinese Cosmetics Suppliers Tap Emerging Markets
(Dec 15, 2010) Exports of cosmetics and skin-care products from China grew 22% year-on-year to US$358 million in the first half of 2010, according to the "China Sourcing Report: Beauty & Cosmetics" produced by Global Sources. The report shows that 85% of the surveyed Chinese beauty and cosmetics suppliers have increased export prices, ...
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China Raises Rare Earth Export Tariff
(Dec 15, 2010) China will adjust the import and export tariffs on a number of items, including rare earth, starting from January 1, but the details of the adjustment, especially on rare earth, have not been disclosed. The State Council has approved the move and Ministry of Finance says it will increase export ...
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China's Export Credit Insurance Jumped 72%
(Dec 15, 2010) According to China Export & Credit Insurance Corp., from January to November, China's export credit insured amount accounted for 22.5% of the country's total general trade value, 16 percentage points higher than in 2008. By December 10, the amount insured by China Export & Credit Insurance Corp. surged 71.8% year-on-year ...
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NDRC Reaffirms Ample Supply of Edible Oil
(Dec 14, 2010) National Development and Reform Commission (NDRC) has made a press release saying a recent media report on edible oil manufacturers ceasing production is wholly groundless. NDRC reaffirms that China has a very secure edible oil supply on the background of surging soybean imports and rich national reserves of edible oil ...
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