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China's leading trade fair to undergo major upgrade2008-7-29 10:15:13
The Canton Fair will undergo a major upgrade with further regrouping and breakdown of constituent sections and enhanced services in autumn in a newly-built world- class facility, senior officials said in Hong Kong on Friday.The fair will also be extended into three five-day events running from Oct. 15 to Nov. 6 separated by two four-day intervals, compared to the previous schedule of two events th
Nation's foreign trade is on track, says economist2008-7-24 10:38:43
Editor's note: The latest trade figures show that China's export growth has been slowing down in recent months, thanks to rising costs and shrinking overseas demand. Meanwhile, some exporters are complaining about falling profit margins due to yuan appreciation. Mei Xinyu, a researcher at the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce, gives Chin
China export growth to stay at 'reasonable' levels in H2 - vice minister2008-7-23 9:06:23
BEIJING (XFN-ASIA) - Export growth is expected to stay at 'reasonable' levels in the second half after an 'encouraging' performance in the six months, vice commerce minister Gao Hucheng said at a media briefing.In the first half exports and imports rose 21.9 pct and 30.6 pct respectively to 666.6 bln usd and 567.57 bln usd. The trade surplus was 99.03 bln usd.related catagory biz China
Demand for vending machines may double2008-7-22 8:42:37
As Chinese consumers become more accustomed to convenience shopping, the local market for vending machines is expected to double in the next three years, said Martijn van den Hazenkamp, chairman and CEO of Europe-based International Vending Alliance GmbH (IVA).IVA, through its local partners, operates vending machines in more than 100 countries.Up to 40,000 machines are in use in China, which is j
Declining dollar lifts yuan to record high2008-7-18 9:03:36
The central bank Wednesday set the yuan's mid-point against the US dollar at 6.8128, with the Chinese currency hitting a new post-revaluation high for a fifth straight day.The gloomy prospect of the US economy has weakened the greenback. In contrast, the yuan has risen about 7 percent this year, more than the margin for the whole of last year.Exporters and manufacturers, especially the small
Export growth slows down2008-7-14 8:25:57
Latest official figures show China's export growth slowed in June as a result of the shrinking demand caused by the global economic slowdown and the mounting pressure on Chinese manufacturers because of yuan appreciation and high raw material costs.The Customs said on its website yesterday that the trade surplus in June fell by 20.6 percent to $21.35 billion. Exports for last month went up by 17.6

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