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CCPIT 11-01-27
Chinese importers of European Union and United States caprolactam will have to put down a security deposit from Jan. 25, the Ministry of Commerce (MOC) said on Jan. 24.
A preliminary ruling said caprolactam from the E.U. and the U.S. had been dumped in China, the ministry said in a statement on its ...
MOFCOM 11-01-27
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The World Economic Forum (WEF) will kick off its five-day annual meeting for 2011 in the Swiss town Davos on Wednesday, and China is expected to figure prominently this year. This year's WEF theme is "Shared Norms for the New Reality." According to this year's program, there will be four se...
MOFCOM 11-01-27
Business leaders considered China as the most important country for future economic growth, a survey showed on Tuesday. In a worldwide poll of 1,201 CEOs, China was named by 39 percent of them as the No. 1 growth engine, followed by the 21 percent for the United States, 19 percent for Brazi...
MOFCOM 11-01-27
BEIJING, Jan. 26 (Xinhua) -- China's banking watchdog said Wednesday Chinese domestic commercial banks' balance of non-performing loans (NPL) decreased 14 percent through 2010 to stand at 429.3 billion yuan (65.17 billion U.S. dollars) at year-end. At the end of 2010, the banks' NPL ratio h...
MOFCOM 11-01-27
BEIJING, Jan. 26 (Xinhua) -- China remained a major victim of trade protectionism during the past year, witnessing 64 trade disputes in this period, covering some 7 billion U.S. dollars in value, China's Vice Commerce Minister, Zhong Shan, said here Wednesday. The country faced trade disput...
MOFCOM 11-01-26
Huawei Technologies, on Monday asked a U.S. District Court to prevent Motorola from illegally transferring Huawei's intellectual property (IP) to Nokia Siemens Networks ("NSN"), officials of Huawei told Xinhua in Sydney, Australia on January 25, 2011.
As a leading player in providing next generation...
MOFCOM 11-01-26
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Hong Kong shares closed lower for the fourth straight session, led by financial firms, although Internet company Tencent surged following a positive outlook on its gaming business.
The benchmark Hang Seng Index fell 12.95 points, or 0.05 percent, to close at 23,788.83, after trading between 23,769.4...
MOFCOM 11-01-26
Chinese economists believed inflation would be controllable this year, but warned of stagnation, in exclusive interviews with Xinhua.
Inflation will be generally "controllable" this year, as prices have mainly soared in agricultural products, vegetables and grains, and have not spread widely, said B...
MOFCOM 11-01-26
Although the central government has said it will try to slow the country's economic growth over the next five years, many provinces have set ambitious targets of two-digit yearly expansion when making plans for the period from 2011 to 2015.
Experts have warned that overheated economic growth might n...
MOFCOM 11-01-26
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- Vice Minister Wang Chao Headed Chinese Delegation to the U.S. (11-01-17)
- Vice Minister Wang Chao Addressed Sino-U.S. Soybean Trade Contract Signing Ceremony in Chicago (11-01-25)
- Vice Minister Wang Chao Addressed Sino-US Trade and Investment Environment Seminar in Houston (11-01-25)
- Wang Chao Meets With U.S. Congresswoman Sheila Jackson Lee (11-01-19)
- Assistant Minister Wang Chao Led Chinese Trade and Investment Cooperation and Promotion Mission to Visit San Francisco (10-06-07)
U.S.-China Business Dialogue meeting was held in Washington on January 19. Chinese Vice Minister of Commerce Wang Chao attended and addressed the meeting.
The meeting was sponsored jointly by China Council for Promotion of International Trade (CCPIT), Chinese Ministry of Commerce, U.S.-China Busines...
MOFCOM 11-01-26
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- China's Trade and Investment Delegation Signed 2.3 Billion U.S. Dollars in Swede (10-04-02)
- Foreign-Invested Enterprises Newly Approved by MOFCOM (09-09-24)
- Vice Minister Wang Chao Addressed Sino-US Trade and Investment Environment Seminar in Houston (11-01-25)
- MOFCOM Spokesman: Trade Protectionism Seriously Affected the Steady Development (10-02-03)
- MOFCOM Makes Blueprint for Central China to Attract Foreign Capital (10-05-05)
Dear friends from the Press:
Welcome to the Ministry of Commerce's first regular press conference in 2011. The press conference will be broadcast live to the website of MOFCOM, China Economic Net and Sina.com from this session on, and your further attention is welcomed. First I would like to brief y...
MOFCOM 11-01-25
China Chamber of Commerce for Import and Export of Foodstuffs, Native Produce and Animal By-Products (CFNA), and American Soybean Association (ASA), United Soybean Board (USB) and Soybean Export Council (USSEC) co-held Sino-U.S. Soybean Trade Contract Signing Ceremony on January 20. On the ceremony,...
MOFCOM 11-01-25
China's top economic planner said on Jan. 24 that price supervision and control measures have achieved steady progress with 2010's Consumer Price Index, slightly exceeding the target ceiling by 0.3 percentage points to hit 3.3 percent.
To rein in soaring commodities prices, joint efforts have been m...
MOFCOM 11-01-25
The Spanish branch of Industrial and Commerce Bank of China (ICBC) was officially inaugurated in Madrid on Jan. 24.
ICBC President Jiang Jianqing, Spanish Minister of Industry, Tourism and Commerce Miguel Sebastian and Chinese Ambassador to Spain Zhu Bangzao attended an inaugural gala dinner here.
I...
MOFCOM 11-01-25
China has invested 115 billion yuan (17.45 billion U.S. dollars) on the South-to-North Water Diversion Project as of the end of last year, a senior official said on Jan. 24.
E Jingping, director of the Office of the South-to-North Water Diversion Project Commission (SNWDPC) of the State Council, sa...
MOFCOM 11-01-25
The central parity rate of yuan, the Chinese currency, on Jan. 25 gained 2 points to 6.5881 against the U.S. dollar, according to the China Foreign Exchange Trading System.
China's central bank announced in June 2010 it would further reform the exchange rate formation mechanism to improve its flexib...
MOFCOM 11-01-25
On January 17, before Chinese president Hu Jintao started his state visit to US, MOFCOM and Texas government co-hosted in Houston Sino-US Trade and Investment Environment Seminar. Vice Minister of Commerce Wang Chao attended and addressed the Seminar.
Wang Chao expressed in his address that the Trad...
MOFCOM 11-01-25
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China's faster-than-estimated economic growth has raised investors' speculation that the monetary authority will boost borrowing costs. Their tightening concerns dragged the Shanghai Composite Index down 2.7 percent last week.
Friday's 1.4 percent rebound saved the gauge from the lowest level in fou...
MOFCOM 11-01-25
The Industrial and Commercial Bank of China (ICBC) and Hong Kong-based Bank of East Asia had reached and signed an agreement in which ICBC would pay 140.23 million U.S. dollars to buy 80 percent interest of Bank of East Asia USA, the Hong Kong bank said in a statement.
Bank of East Asia will retain ...
MOFCOM 11-01-25
Haier Group, one of the world's leading white goods and household appliance manufacturers, announced that its profit jumped 78 percent year on year in 2010.
The profit hit 6.2 billion yuan (941.8 million U.S. dollars) in 2010, said Du Fangyuan, a press office coordinator of the company.
Haier's sale...
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