Home Tag "TRADE"

China adds US agricultural products to tariff exemptions ahead of trade talks

China plans to exclude American farm goods, including soybeans, from tariffs in the latest move to ease trade tensions before the two countries restart trade talks next month. The Chinese Ministry of Commerce said Friday that China welcomed President Donald Trump’s decision to delay tariffs by two weeks and said it will exempt U.S. agricultural […]

China sees steady trade growth in 2019

China’s foreign trade in goods surged faster than expected to a record high last year and the outlook remains positive against a backdrop of further opening-up and supportive government policies, the Ministry of Commerce said on Tuesday. China, the world’s second largest economy, is the world’s largest trader in goods and total imports and exports […]

Government mulls revised regulation for FTZ

Wu Zuqiang, a member of the finance and economy committee of Shanghai People’s Congress, said legislators have carried out studies on the issue of regulation over the past year and heard opinions from entrepreneurs, scholars and government institutions.”We were advised that the revised regulation should reflect the central government’s strategy to deepen the reform and […]

Don’t expect ‘rosy data’ from China in Q1: Fidelity

Catherine Yeung of Fidelity International says trade tensions between the U.S. and China have not started to show in trade data, in part due to front loading of goods. Source : CNBC   (7)

China’s foreign trade to remain steady in 2018: report

China’s foreign trade will maintain steady growth in 2018, as the country’s economy posted stable performance amid mounting external uncertainties, according to a report released by the Ministry of Commerce. China’s foreign trade saw fast growth in the first three quarters. The country’s goods trade rose 11.1 percent year-on-year to 27.88 trillion yuan (about 4 […]

G20 leaders skirt trade tensions, back WTO reform

The leaders of the world’s largest economic powers on Saturday backed an overhaul of the global body that regulates international trade disputes, ahead of high-stakes talks between U.S. President Donald Trump and Chinese President Xi Jinping aimed at defusing a trade war. SOURCE: Reuters (13)

China’s foreign trade up 11.1 percent in first 11 months

China’s goods trade rose 11.1 percent year on year to 27.88 trillion yuan (about 4 trillion U.S. dollars) in the first 11 months this year, said the General Administration of Customs (GAC). Exports rose 8.2 percent year on year to 14.92 trillion yuan in the January-November period while imports grew 14.6 percent to 12.96 trillion […]

Souring US ties prompt China to seek sweeter trade with India

China’s refiners are considering the purchase of unprecedented amounts of Indian raw sugar, with a delegation visiting the South Asian nation next month to meet mill officials and inspect logistics infrastructure, according to an Indian official. Refiners may buy the sugar “if prices are good enough,” said Liu Hande, vice chairman of China Sugar Association. […]

At China expo, sellers, buyers speak universal language of business

For days, under the same roof of an exhibition space as large as about 40 football pitches, sellers and buyers from all walks of life are negotiating trade deals in the universal language of business, following the principle of fairness and good faith. Besides multinationals that have been doing business in China for years, there […]

Xi to face world tired of empty promises at China trade fair

After Donald Trump won the US presidency with a pledge to put “America First,” Chinese counterpart Xi Jinping quickly moved to present himself as a champion of globalisation. Nearly two years later, Xi is locked in a trade war with Trump and hasn’t succeeded in persuading the world that he’s serious about opening the economy […]

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