China News Direct

 
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Guangdong foreign trade up 13% in 1H '08
(Jul 15, 2008) China Customs statistics showed that Guangdong Province's foreign trade grew 13.4% to US$324.51 billion in the first half of 2008, and its foreign trade accounted for 26.3% of China's total. In the first 6 months, realized foreign trade surplus was US$51.15 billion. Of Guangdong foreign trade during the reported period, ...
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Farm Trade Deficit up 14 times to US$7.6bn
(Jul 15, 2008) China's Ministry of Agriculture statistics show the first five months of 2008 farm trade deficit totaled US$7.57 billion, enlarged 14 times on year. Imports during the period reached US$23.75 billion, up 59% while exports was US$16.18 billion, up only 12%. Grain exports in the first five months was 1.19 million ...
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Central Government to help companies in export difficulties
(Jul 15, 2008) Vice minister of the Ministry of Commerce, Gao Hu Cheng, said together with other departments, the Ministry would evaluate industries that are facing exports difficulties and would come up with remedial measures. Challenges on the international and domestic fronts are creating pressure on many labour-intensive industries such as textiles and ...
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Steel price soars but exports drop in first 5 months
(Jul 15, 2008) Due to soaring iron and steel ore prices, steel prices have grown drastically in China in the first five months of 2008 although the volume of steel exports had dropped in the same period. Due to various factors such as adjustments to the export tax policy in the beginning of ...
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MOC to help export companies hurt by yuan appreciation
(Jul 15, 2008) China's Ministry of Commerce (MOC) plans to provide policy support to ease the impact of yuan appreciation on domestic export companies. An unnamed MOC official said that MOC, the National Development & Reform Commission (NDRC), the General Administration of Customs (GAC) and the Ministry of Finance (MOF) believe the yuan ...
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Nanning merging into the Tonkin economic zone
(Jul 15, 2008) The Guangxi city of Nanning is edging itself into the Gulf of Tonkin economic zone through cooperative developments. For the first half of 2008, the city won 349 investment contracts worth RMB34.2 billion, and used actual foreign capital of 18.2 billion yuan, up 41.4% on year. There were 39 new ...
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Imported cars price slightly up, domestic ones remained stable
(Jul 12, 2008) The Price Monitoring Centre of the National Development & Reform Commission (NDRC) announced that the average price of domestically-made cars remained stable and that of imported car increased slightly in June 2008. The Commission collected figures from 36 large and medium cities and found that the domestic car price for ...
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China's exports growth may start to slow down
(Jul 12, 2008) China International Capital Corporation (CICC) believes China's export growth is beginning to slow down but the global oil demand will keep rising. The country's export growth slowed to 17.6% in June 2008. However, increased raw material prices pushed up the imports by 30.7% year-on-year in the first half of 2008. ...
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China Faces Challenges at Home and Abroad
(Jul 12, 2008) National Bureau of Statistics (NBS) chief economist Yao Jingyuan reckoned China is now facing the largest and most complicated difficulties seen in the last five years. The U.S. sub-prime crisis has dragged down foreign goods demand and hurt China's exports. The number of U.S. exhibitors who joined the China Import ...
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PBOC to Relax Export Policy to Sustain Growth
(Jul 12, 2008) Standard Chartered Bank economist Kelvin Lau reckoned the U.S. economy might burden Hong Kong's stock market and hinder retail spending. The economic growth of Hong Kong may slow down to 4.6% in 2008. Lau sees that People's Bank of China (PBOC) may relax the export tax rebate policy or credit ...
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