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China ASEAN trade soars on China's deficit

Bilateral trade between China and the Association of Southeast Asian Nations (ASEAN) jumped 42 percent year-on-year to $235.4 billion for the first 10 months this year, the Ministry of Commerce said on Wednesday. China is running a deficit of $13.2 billion against members of ...

High-speed rail to connect China with Thailand, Laos

China has signed agreements with Thailand and Laos to build high-speed railways connecting the two Southeast Asian countries to China. Thailand's deputy Prime Minister Suthep Thaugsuban said during the seventh World Congress on High Speed Rail that China is cooperating on high...

China vows to be responsible in int'l rare earth cooperation

A senior Chinese official said Wednesday that the country would act responsibly in international cooperation in rare earth exploration and ensuring the basic demands for the minerals are met. The Ministry of Commerce (MOC) was still working with government departments to ...

China to appeal WTO ruling on U.S. tariffs on Chinese tires

China is to appeal a World Trade Organization (WTO) ruling that U.S. tariffs on Chinese tires are consistent with global trade rules, said Yao Jian, spokesman of China's Ministry of Commerce (MOC), Wednesday. China was concerned about the negative effects of the WTO ruling, Yao ...

CNPC, Saudi Aramco sign MOU

China National Petroleum Corporation, parent of Asia's largest oil and gas producer PetroChina, has signed an agreement with Saudi Aramco for further cooperation, the China Petroleum Daily said Wednesday. The memorandum of understanding (MOU) was signed during a visit by the ...

Home appliance sales within trade-in program hit 121 bln yuan in 2010

Sales of new home appliances within a government-backed home appliance trade-in program, hit 121.11 billion yuan (18.35 billion U.S. dollars) in 2010, the Ministry of Commerce said Friday. The program, which was begun in June 2009 to boost domestic consumption and curb pollution, ...

Volkswagen 2010 sales in China up 37 pct

Europe's largest carmaker, Volkswagen AG, said Friday that it had sold 37 percent more vehicles on the Chinese mainland and Hong Kong in 2010, compared to sales in 2009. With 1.92 million vehicles delivered to its customers last year, Volkswagen had performed beyond expectation ...

Yuan 'not causing' trade imbalance

The yuan is not the main cause of China's trade surplus with the US, the Chinese foreign ministry said Thursday. "A large number of facts have demonstrated that the renminbi exchange rate is not the main cause of the trade imbalance between China and the US," ministry spokesman ...

China to import grain to meet domestic needs: Standard Chartered

China will have to import grain to meet its domestic needs in the near future, which will mark the end of the country's self-sufficient policy on grain products, Caijing.com.cn reported Wednesday, citing a Standard Chartered report. Standard Chartered said that there are concerns ...

Container-ship demand to rise on trade boost

China Rongsheng Heavy Industries Group Holdings Ltd, the nation's largest private shipbuilder, expects container-vessel orders to rise this year as world trade rebounds from the global recession. "Container-ship orders are looking better this year," Chief Financial Officer Sean ...

Official: Exchange rate's effect on China-US trade imbalance small

China's trade surplus with the United States is the comprehensive reflection of multinational investment in China and adjusting the RMB exchange rate will have a very limited role in reducing the trade surplus, said Jiang Yaoping, vice minister of the Ministry of Commerce. Jiang ...

China, Spain to sign agreements, commercial contracts

Full coverage: Chinese vice premier visits Spain, Germany, Britain China and Spain will ink 7.5 billion U.S. dollars' worth of governmental agreements and commercial contracts, visiting Chinese Vice Premier Li Keqiang said Wednesday at a breakfast meeting of Chinese and Spanish ...

Fake Yamaha parts seized, 10 suspects arrested

Fake Yamaha motorcycle components worth more than 2 million yuan ($300,000) were seized at a market in Shapingba district recently and 10 suspects arrested for sale of counterfeits. The sellers brought in fake parts from varied locations and then pasted on the Yamaha logo for ...

US producers want copyright for latest Chinese blockbuster

Chinese blockbuster film Let the Bullets Fly has attracted attention of US producers. According to Ma Ke, "three or four" Hollywood companies want to buy the film's copyright for adaptation. Offering more than $10 million, the foreign buyers still want Jiang Wen, director and ...

HK, New Zealand scrapping tariffs

All of Hong Kong's exports to New Zealand will be tariff-free within six years, as the Hong Kong- New Zealand economic deal begins Saturday. Under the Closer Economic Partnership Agreement (CEP) signed in March, New Zealand will phase out its import tariffs on all goods ...

Obsolete way of measuring trade inflates China surplus

Measuring global trade by a product's country of origin fails to reflect the complexities of global commerce where the design, manufacturing and assembly of products involve several countries, experts said. "It is not always true that goods exported by a country are wholly made ...

Boost for exporters

China will allow exporters to keep their revenue overseas, the foreign exchange regulator said on Friday, a move analysts said could support Chinese companies in their overseas expansion. The decision is an extension of a trial that was launched three months ago for exporters in ...

Obsolete way of measuring trade inflates China's trade surplus

Measuring global trade in line with the principle of "the country of origin" fails to reflect the complexities of global commerce where the design, manufacturing and assembly of products involves several countries, experts said. "It is not always true that goods exported by a ...

Trade pact between Hong Kong SAR, New Zealand to be effective on Jan. 1

The Hong Kong, China - New Zealand Closer Economic Partnership Agreement (CEP Agreement), which is tantamount to Hong Kong's first free trade agreement with a foreign economy, will enter into force on Saturday, a spokesman of the Hong Kong Special Administrative Region government ...

Brand licensing not the sexiest option for Playboy

Playboy Enterprises' intention to spearhead business in China by licensing its iconic bunny logo on lifestyle products such as apparel may not work well in the long run, an expert said Thursday. "Playboy needs to invest (in China) to build a high-end image, rather than relying on ...

Latest World News

china

Xi Jinping to lead national security commission
Xi Jinping to lead national security commission
The Political Bureau of the CPC Central Committee has decided that ...
China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...

world

market

Xinhua Insight: Emerging economies able to secure steady growth
Xinhua Insight: Emerging economies able to secure steady growth
DAVOS, Switzerland, Jan. 25 (Xinhua) -- Emerging economies are ...
China cuts retail oil prices
China cuts retail oil prices
BEIJING, Jan. 24 (Xinhua) -- China's top economic planner announced on ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...

finance

company

Shell companies struggle to stay listed
Shell companies struggle to stay listed
China is planning to clamp down on back door listings. A back door ...
HK Disneyland Gets Toy Story Land
HK Disneyland Gets Toy Story Land
A general view of Toy Story Land at Hong Kong Disneyland is taken ...
Retailer's Net Profit Falls 3%
Retailer's Net Profit Falls 3%
A Wal-Mart store is seen in Stratford, Connecticut, the United States. ...

industry

sports

Ghana qualifies for FIFA U-20 women's World Cup
Ghana qualifies for FIFA U-20 women's World Cup
Ghana qualified for the 2014 FIFA U-20 women's World Cup following a 4...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
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