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Officials say review of foreign takeovers good for Chinese and foreign firms

China's new rules for reviewing proposed mergers and acquisition (M&A) deals by foreign firms on grounds of national security would benefit both Chinese and foreign investors, a Ministry of Commerce (MOC) spokesman said Thursday. The rules will facilitate the growth of foreign...

China's auto exports rebound in 2011

With economies throughout the world entering into recovery, China's auto industry is beginning to shake the effects of the financial crisis and auto exports have begun to rebound gradually in 2011, according to an annual report released by the automotive section of the China ...

Huawei balks at US demands to give up 3Leaf assets for security reasons

China's largest telecommunication equipment manufacture Huawei recently rejected a call by the Committee on Foreign Investment in the United States to shed its 3Leaf Systems assets acquired in May 2005 a deal the committee has deemed a threat to national security. The committee ...

U.S. export of coking coal increases nearly 50 percent in 2010

U.S. exports of steelmaking coking coal rose to 55 million tons in 2010, the highest level since 1991, according to statistics released Wednesday by U.S. Energy Information Administration (EIA). U.S. producers have steadily expanded coking coal exports in recent years and the ...

Brazil's footwear companies to promote trade in China

Eight Brazilian footwear companies would participate in several fashion shows in China to promote their products, Brazil's Trade and Investment Promotion Agency (Apex) said Wednesday. "The integration between Brazil's fashion industry and the Chinese market is based on the ...

New Zealand-China trade up by one third since FTA

New Zealand's Free Trade Agreement with China has resulted in total trade between the countries jumping by more than a third in its first two years. New Zealand Trade Minister Tim Groser said in a statement on Thursday the agreement helped to shelter New Zealand from the worst of ...

China's FDI up 23.4% in January

Foreign direct investment (FDI) into China rose by 23.4 percent year on year in January to 10.03 billion U.S. dollars, said Yao Jian, spokesman of the Ministry of Commerce, Thursday. A total of 2,243 new foreign-invested enterprises were approved in January, an increase of 20.2 ...

New Zealand-China trade up by one third since FTA

New Zealand's Free Trade Agreement with China has resulted in total trade between the countries jumping by more than a third in its first two years. New Zealand Trade Minister Tim Groser said in a statement on Thursday the agreement helped to shelter New Zealand from the worst of ...

Chinese vice premier pledges sound environment for China-U.S. business cooperation

Chinese Vice Premier Wang Qishan (C front) poses for a group photo with members of a visiting U.S. business delegation headed by John Mack, chairman of Morgan Stanley, in Beijing, capital of China, Feb. 15, 2011. (Xinhua/Pang Xinglei) Chinese Vice Premier Wang Qishan told a U.S. ...

Fortune 500 companies set up 60 R&D centers in Jiangsu

By the end of 2010, Jiangsu Province had confirmed that the number of foreign research institutions in the province has reached 305 companies, 60 of which were established by Fortune 500 corporations, according to the latest data released by the Department of Science and ...

Harvey Nichols by Harvey Nichools promotes a sharp business look

Harvey Nichols is launching its own menswear label Harvey Nichols by Harvey Nichools . The label s new tailoring additions to their designer clothes menswear fashion collection, promote a sharp business look for the Spring/Summer 2011 fashion season. The men s tailoring suits ...

Kirstie Kelly Signature Wedding Gowns hits Costco

With LA Fashion Week just around the corner, now is the time for local brides to own a couture-inspired wedding gown thanks to a first-ever union between celebrity designer Kirstie Kelly and Costco. The Kirstie Kelly Signature collection launches four-day trunk shows at select ...

China's trade center begins operation in Russia

The Greenwood International Trade Center, financed by China Chengtong Development Group, has began operation in Moscow, the Chinese Chamber of Commerce in Russia announced here on Wednesday. Speaking at a press conference, chamber chairperson Cai Guiru said about 70 percent of ...

China's first lake basin eco-economic zone welcomes global investment

About 700 projects with a planned investment of 814 billion yuan (123.5 billion U.S. dollars) have been unveiled to attract global investment at Poyang Lake eco-economic zone in east China's Jiangxi Province. The 699 projects were unveiled Tuesday along with the establishment of ...

China's foreign trade up 44 percent in January

China's imports and exports in January 2011 amounted to 295 billion U.S. dollars, an increase of 44 percent year on year, according to news from the website of the Ministry of Commerce. ASEAN is China's third largest trading partner, and bilateral trade with the bloc of Southeast ...

Japan, India sign deal to remove trade barriers

Japan on Wednesday signed a bilateral free trade agreement (FTA) with India aimed at boosting trade between export-dependent Japan and rapidly-growing India. Foreign Minister Seiji Maehara and Indian Commerce and Industry Minister Anand Sharma affirmed the agreement at a ceremony ...

HK region eyes closer "creative" cooperation with Austria

China's Hong Kong Special Administrative Region and Austria have much experience to share in "creative" industries and should strengthen their cooperation in the field, a Hong Kong trade official said here Tuesday. "Like Austria, creative industries are important economic drivers ...

Big surge in foreign car imports

CHINA'S imports of foreign cars nearly doubled last year, with Japanese and German models most in favor among buyers looking to upgrade their vehicles, an industry association said yesterday. The quasi-official China Association of Automobile Manufacturers said car imports jumped ...

Accessories supplier participation increases 11% at Intertextile

Some 134 accessories suppliers from Hong Kong, Japan, Korea, Thailand and mainland China, an 11 percent participation increase from last year s show will be grouped together on 4,600 sqm of trade space, up 9.5 percent year-on-year, at Intertextile Beijing Apparel Fabrics. The ...

Tillman to sell Jaeger fashion chain

The rag trade expert and Chairman of the British Fashion Council, Harold Tillman has put up the UK based fashion chain, Jaeger for sale. Tillman, who saved the business from insolvency some eight years back, is supposed to have acquired the business from Richard Thompson, an ...
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world

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finance

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industry

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