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China calls for promoting global service trade2009-11-27 9:38:43
China's Minister of Commerce Chen Deming on Tuesday urged the promotion of global service trade as an important approach to revive the world economy.Speaking at an industrial conference held in Beijing on Tuesday, the minister said the world economy was already on a steady path of recovery, but revival of international trade would take a longer time. Chen said promoting the developm
China-US trade war unlikely2009-11-16 10:19:20
Although trade friction between China and the United States will likely rise in the months ahead as the economic recovery of the US remains in limbo, there is little possibility that the two countries will become embroiled in a full-blown trade war, analysts said.Since US President Barack Obama issued a special duty on tire imports from China in September, the first and largest, such maneuver of h
China's export hub in recovery, uncertainties remain2009-11-10 8:48:49
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
Industrial output to grow faster in Q4: minister2009-11-4 9:20:10
China's industrial output growth would continue to accelerate in the fourth quarter, Minister of Industry and Information Technology Li Yizhong said in Beijing Monday.China's industrial production had "surmounted the most difficult time" and was expected to grow 15 to 16 percent year-on-year in the fourth quarter, and hopefully make a full year growth of 10 to 11 percent, Li told a
PBOC likely to adopt a tighter monetary policy: report2009-10-31 9:26:16
The People's Bank of China (PBOC), the central bank, continued to withdraw liquidity through open market operations this week, with a net drain of 133 billion yuan from the market, sending the net withdrawal in October to 156 billion yuan ($22.85 billion), the biggest monthly drain since February, the China Business News (CBN) reported today.The PBOC yesterday initiated the selling of th
China, US start annual trade talks in Hangzhou2009-10-30 8:52:48
China and the United States on Thursday started their annual trade talks in Hangzhou, captial of east China's Zhejiang province. Chinese Vice Premier Wang Qishan co-chaired the 20th Joint Commission on Commerce and Trade (JCCT) with Commerce Secretary Gary Locke and Trade Representative Ron Kirk of the United States.The JCCT, which now includes a number of working groups to discuss
China-ASEAN FTA to accelerate yuan regionalization2009-10-24 8:37:10
The Chinese currency yuan is expected to play a bigger role in regional trade as the China-ASEAN Free Trade Area (CAFTA) is to be realized on Jan 1 of 2010."The upcoming CAFTA, which boasts the largest population among all the world's FTAs and allows zero-tariff on 90 percent of products traded between China and ASEAN, will quicken the process of RMB regionalization, "Xu Ningning, execut

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