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Outlook for Chinese exports still grim2009-12-30 9:09:55
The outlook for Chinese exports is still fairly grim next year, because demand from developed countries, including the United States and European nations, will not have sufficiently recovered, as unemployment in those countries is still too high said the Minister of Commerce, Chen Deming. "It is impossible that growth of the exports will recover to the high of before 2008 over the next three
China's industrial profit up 7.8% in first 11 months2009-12-29 10:14:55
Profits of China's major industrial enterprises in the first 11 months rose 7.8 percent from the same period a year ago, the National Bureau of Statistics (NBS) said Monday.The growth rate was 2.9 percentage points higher than the corresponding period last year, when the global financial crisis started to weigh on the national economy.The NBS did not provide industrial profit figures for the Janua
China to enhance supports to SMEs in 20102009-12-26 9:09:06
China would enhance supports to small and medium-sized enterprises (SMEs) next year with preferential tax policy and easier channels to raise fund, a senior official said Thursday. Li Yizhong, Minister of Industry and Information Technology, told members of the National People's Congress Standing Committee that the government has set up a special fund under the central budget to promote the d
Mainland, Taiwan open channel to trade deal2009-12-24 9:58:23
Top negotiators from the mainland and Taiwan made a breakthrough yesterday by announcing the plan to launch negotiations on the much-anticipated cross-Straits free-trade deal. The Economic Cooperation Framework Agreement (ECFA) signifies a major effort on both sides to boost economic ties. Initiated by Taiwan leader Ma Ying-jeou of the ruling Kuomintang, it will help cut import tariffs and aims to
China's Jan-Oct industrial profits down 3.4%2009-12-1 9:11:45
China's industrial profits in 22 provinces and regions across the country declined 3.4 percent year-on-year in the first 10 months, but the rate of decline was slowing, figures show.A statement posted on the website of the National Bureau of Statistics (NBS) Monday said industrial profits reached 1.79 trillion yuan ($261.6 billion), but the rate of decline was 5.7 percentage points lower than that
China to increase imports from Europe2009-12-1 9:09:01
China will continue to take active measures to increase imports from Europe to address the trade imbalance between China and the European Union (EU), said Premier Wen Jiabao on Monday."China does not seek a trade surplus that is beyond a reasonable level, " Wen said when delivering a speech at the closing ceremony of the fifth China-EU Business Summit."To address the trade imbalance
China's export hub in recovery, uncertainties remain2009-11-27 9:42:24
As the world economy shows positive signs of recovery, Guangdong province, an export hub in south China, is also stepping out of the shadow of the global financial crisis, with insiders and experts still warning of uncertainties.In September, the province's total imports and exports were down 8.3 percent year-on-year at $60.6 billion, but the rate of decline was narrowed below a double digit for t

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