China News Direct

 
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Renminbi Expedites Sino-Russian Trades
(Jun 12, 2012) The northeastern province of Heilongjiang in China settled cross-border trades of RMB31.32 billion in Renminbi in the past two years, saving hundreds of millions in costs and opening new opportunities for Sino-Russian trade. Heilongjiang is a magnet in Russian trade. In 2011, the province did import and export trades of ...
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China Trade Bucks the Trend in May
(Jun 11, 2012) It took the market by surprise when China Customs announced on June 10 that in May, the import and export trade value broke the historic monthly high, bucking the trend. In May 2012, China recorded an import and export trade value of US$343.58 billion, showing an increase of 14.1% year-on-year. ...
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Agricultural Bank of China Priced to Win
(Jun 07, 2012) Active trades among China, South Korea and the U.S. have created US$660 million of dollar remittance business for Agricultural Bank of China out of South Korea, and the business is lucrative. As of the end of February 2012, 15 branches of Agricultural Bank of China based in Henan, Qingdao, Shandong ...
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Banks Active in Streamlining Trade
(May 24, 2012) State-owned Export-Import Bank of China (Exim Bank) is listening to 200 export-oriented companies and local government officials in ten provinces, trying to streamline trade that is in slow motion. The talk to local people is one of the measures Exim Bank takes to stabilize import and export trades which dwindle ...
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China Stays Balanced with Imports
(May 08, 2012) When all eyes are on stabilizing exports, a document issued by the State Council has drawn attention to enlarging imports, which is the cornerstone of keeping China's international trade balanced. The opinion note issued by the Chinese cabinet in late April, which carried the theme of promoting imports for the ...
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Shanghai's Multinational Procurement Hangs On
(May 03, 2012) Lackluster demand from overseas markets has hurt Shanghai's export and sent multinational procurement to a level near the boom-or-bust demarcation. A survey with 200 multinational corporations (MNCs) in China, conducted by Shanghai Multinational Procurement Centre (SMPC), showed that in the first quarter of 2012, their purchasing measured by the multinational ...
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China Sees US$4.8 Trillion External Trade by 2015
(Apr 27, 2012) China is going to do import and export trades of a total value of US$4.8 trillion by 2015, averaging a yearly growth of 10%. The Ministry of Commerce (MOC) of China on April 26 unveiled a 12th five-year plan on external trade, forecasting stable and long-term growths in import and ...
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Demand for Chinese-made API to Rise 20%
(Apr 24, 2012) The demand for Chinese-made active pharmaceutical ingredients (API) is expected to grow 20% this year, underpinned by world demand and undeterred by cost challenges. Traders and experts in the pharmaceutical industry attending the CPhI & ICSE China 2012 held in Beijing on April 19 found excitement and new discoveries. To ...
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China Makes Single-digit Growths in Foreign Trade in 1Q '12
(Apr 11, 2012) China's import and export trades parked in a zone of single digit growths in the first quarter of 2012, dwindling in a sluggish export market and reduced import. Announced by China Customs yesterday, China did import and export trades of a total value of US$859.37 billion in the first quarter, ...
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China's Palm Oil Trade Draws International Cooperation
(Mar 28, 2012) A meeting to pave way for the sustainable development of palm oil has been held in Beijing, China, drawing the attention of international organizations, the UK government, and palm oil producers in Malaysia who want a say. China's increasing import of palm oil has caught the attention of palm oil ...
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