China News Direct

 
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China Incurs More Debts in Foreign Trade
(Mar 23, 2012) The speedy growth in foreign trade brings China more foreign debts in the form of trade finance which shared two-thirds of China's outstanding short-term foreign debts as of the end of last year. China's State Administration of Foreign Exchange (SAFE) announced on March 22 that ended 2011, China had a ...
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Dalian, Liaoning Province Remains Strong in External Trade
(Mar 15, 2012) Dalian city, Liaoning province did US$58.52 billion of import and export trades in 2011, showing a growth of 16.6% year-on-year and sharing 61% of the province's external trade value thanks for growth in six major markets. In 2011, Dalian did export of US$30.35 billion, growing 16.1% year-on-year, and did import ...
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Chengdu, Sichuan Highest-Ranked in Growth of Foreign Trade
(Mar 12, 2012) Chengdu, Sichuan province staged the sharpest growth in import and export trade last year among all the 15 sub-provincial cities in China. Chengdu did import and export trades of US$37.91 billion in 2011, a growth of 53.6% year-on-year which topped the rest in terms of growth increment and the ninth ...
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China's Trade Deficit Broke US$314Bn in Feb
(Mar 12, 2012) China did import and export trades of US$533.03 billion in January and February 2012, growing 7.3% year-on-year, of which the trade deficit broke a decade-long record at US$31.48 billion in February. In February, China did import and export trades of US$260.43 billion, growing 29.4% year-on-year. Export trade was valued at ...
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Dongguan, Guangdong To Upgrade 100 Processing Trade Companies
(Mar 09, 2012) Dongguan, Guangdong province will rebuild 100 processing trade companies over the next three years, transforming its processing trade with preferential treatments. The city government of Dongguan has issued an administrative measure to support the processing trade upgrade which matches the country's industry policies. The 100 processing trade companies, which are ...
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China's Agricultural Companies Make RMB5.7tn in Sales a year
(Mar 01, 2012) China has about 110,000 agricultural companies which supply one-third of agricultural products and processed goods to the country. Information from the Ministry of Agriculture shows that the 110,000 agricultural companies make sales revenue of RMB5.7 trillion a year and they share 80% of China's agricultural exports. Among them are 1,253 ...
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China Warns of Uncertain Trade
(Feb 13, 2012) China's Minister of Commerce Chen De-ming is paying attention to export which is experiencing instability. Chen insists that in time of economic uncertainty, Chinese companies need to advance steadily. The Ministry will focus work on stabilizing growth, restructuring trade, and promoting a balance development. In January 2012, China's external trade ...
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Technology Transfer Not a Prerequisite for China
(Feb 10, 2012) The Chinese government will not make technology transfer a mandatory pre-condition in sino-foreign business joint ventures, according to Chen De-ming, China's Minister of Commerce in response to recent rumor. China had cleared many technology transfer hurdles when it first entered the WTO, and the mandatory requirements to transfer technology to ...
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Smooth Forex Policy Aids Sichuan's External Trade
(Feb 08, 2012) Sichuan province topped other inland and western Chinese provinces in external trade last year thanked to a number of foreign exchange measures adopted by State Administration of Foreign Exchange (SAFE) Sichuan. SAFE Sichuan is carrying out a number of measures to speed foreign exchange settlement and to smooth trade-foreign exchange ...
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ICBC's Rise to Secure RMB1Tn Cross-border RMB Business
(Feb 01, 2012) Industrial and Commercial Bank of China (ICBC) did five times more cross-border RMB settlements last year thanks to its broad network in 136 countries and regions and a strong capital base. In 2011, ICBC did over RMB1 trillion of cross-border RMB business, of which RMB700 billion was cross-border RMB settlement ...
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