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MOFCOM 11-02-22
Two indigenous plants to Namibia were recently discovered by Mr J.J. van Zyl, a well-known Namibian businessman and entrepreneur, to contain a high quality fibre in their stems. The fibre of Euphorbia Gregaria and Euphorbia Damarana has many possible applications in the textile and composite materia...
MOFCOM 11-02-22
China's top leading body Feb. 21 pledged to prevent wild swings in the economy, while warning that the economic situation in 2011 would be complicated.
The country should maintain stable and consistent macro-economic policies while improving accuracy, flexibility and efficiency of the policies, the ...
MOFCOM 11-02-22
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The value of China's currency, the yuan, hit a record high for the fifth straight trading day Feb. 21 with the central parity rate at 6.5705 yuan per U.S. dollar, according to the China Foreign Exchange Trading system.
The central parity rate of the yuan, or RMB, was 76 basis points up from 6.5781 o...
MOFCOM 11-02-16
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Chinese Commerce Minister Chen Deming headed a Chinese government trade and economic delegation on a visit to Morocco, Equatorial Guinea and Ghana with the purpose of promoting China-Africa friendly trade and economic cooperation and comprehensive implementation of the eight new measures proposed in...
MOFCOM 11-02-16
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According to an economic outlook report from an Asia Pacific Economic Cooperation (APEC) business advisory body, China's economy is expected to remain strong in 2011, but inflationary pressures are likely to rise further due to rising food prices.
According to the report, Chinese authorities are loo...
MOFCOM 11-02-16
China's Ministry of Commerce on Feb. 15 announced it had included pork, mutton, beef and their by-products onto the list of bulk agricultural products required for import reporting as of April 1.
Chinese importers of those products will be required to report their imports to the country's Chamber of...
MOFCOM 11-02-16
A small business in China only needs to pay half of income tax if the amount of its due tax is 30,000 yuan (4,550 U.S. dollars) or lower annually, according to a policy announced on Feb. 15.
Additionally, the income tax rate will be set at 20 percent for these businesses, compared with 25 percent fo...
MOFCOM 11-02-16
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China remains a developing country despite rapid GDP growth, Chinese Foreign Ministry spokesman Ma Zhaoxu said on Feb.15.
"China's GDP growth has remained relatively fast in recent years with expanding aggregate economic volume and fruitful development. However, it must be noted that China's economy...
MOFCOM 11-02-16
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China announced on Feb. 15 the establishment of an association for agencies dealing with the transaction of enterprises' state-owned property rights.
The association seeks to standardize the transfer of state-owned property rights between the government, institutions and enterprises, according to an...
MOFCOM 11-02-16
The People's Bank of China (PBOC), the country's central bank, said on Feb. 15 that new yuan-denominated loans stood at 1.04 trillion yuan (157.72 billion U.S. dollars) in January.
The figure was 318.2 billion yuan less than last January, said the PBOC in a statement on its website.
MOFCOM 11-02-16
Chinese Vice Premier Wang Qishan told a U.S. business delegation on Feb. 15 that China would create a sound environment for business cooperation between the two countries.
Praising the contribution of U.S. businesses to the sound development of China-U.S. relations, Wang said more exchanges between ...
MOFCOM 11-02-16
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A senior Chinese mainland official has said the government will work with Taiwan to enhance cross-Strait economic exchanges and cooperation.
The mainland would this year focus on fulfilling the cross-Strait Economic Cooperation Framework Agreement (ECFA) and conducting follow-up negotiations on the ...
CCPIT 11-02-16
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China's foreign trade surged 44 percent year on year in January, boosted by busy shipments ahead of the nation's Spring Festival holiday, while its trade surplus shrank by half, the nation's Customs agency said.
Exports rose by 37.7 percent year on year to 150.73 billion U.S. dollars while imports i...
MOFCOM 11-02-16
China's producer price index (PPI), a major measure of inflation at the wholesale level, rose 6.6 percent in January year on year, the National Bureau of Statistics (NBS) announced on February 15.
The January PPI was 0.9 percent up from the previous month, said a statement on the NBS website.
MOFCOM 11-02-16
China's consumer inflation accelerated in January on surging food prices, adding pressure for the government to tackle escalating inflation amid the nation's spreading winter drought.
The consumer price index (CPI), a main gauge of inflation, rose 4.9 percent in January year on year, the National Bu...
MOFCOM 11-02-15
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Seminar" was Held in Beijing (09-08-06) - China Fully Implements WTO Accession Commitments and Firmly Safeguard the Multilateral Trading System (10-07-23)
Davos World Economic Forum (WEF) sponsored a Dialogue on China's Impact on Global Trade and Economic Growth on January 27. Chinese Commerce Minister Chen Deming stated at the Dialogue that China would take the 10th anniversary of its accession into the WTO as a new start point and open wider to the ...
MOFCOM 11-02-15
China's trade surplus will continue to fall in the coming months after hitting a nine-month low in January amid increased imports in the run-up to the lunar new year holidays and surging commodity prices, economists said.
The surplus fell 53.5 percent to $6.46 billion last month, the General Adminis...
MOFCOM 11-02-15
China still has a long way to go to improve its economy, despite formally overtaking Japan as the world's second largest economy, experts said.
Japan's gross domestic product (GDP) reached $5.47 trillion last year, compared to $5.88 trillion for China, Japan's Cabinet Office said on Feb. 14. Japan b...
MOFCOM 11-02-15
China's foreign trade surged 44 percent year on year in January, boosted by busy shipments ahead of the nation's Spring Festival holiday, while its trade surplus shrank by half, the nation's Customs agency said Feb. 14.
Exports rose by 37.7 percent year on year to 150.73 billion U.S. dollars while i...
CCPIT 11-02-15
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Australia will encourage Japan to eliminate its agricultural import tariffs, but will not insist on it during free-trade negotiations, Trade Minister Craig Emerson said.
Both countries declined to provide details of high-level talks between Emerson and Japan's Trade Minister, Banri Kaieda, in Sydney...
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