6/21/2007 11:52:00 AM
China´s Ministry of Finance said Tuesday that, starting July 1, the country would cut or eliminate export tax rebates for 2,831 commodities representing 37 percent of the total number of items listed on customs tax regulations. A ministry spokesman said the move was one of a basket of measu…
6/20/2007 3:57:00 PM
The central government of China has increased investment in Tibet Autonomous Region along with implementation of a range of preferential policies in recent years, a top local government official said here on Wednesday. Nine out of ten yuan spent by local finance of Tibet has come from the central rev…
6/19/2007 2:12:00 PM
New York Senator Charles Schumer and South Carolina Senator Lindsey Graham have been crusading against China for years. They have long blamed China for U.S. trade problems, and have on several occasions sought to push a bill in the U.S. Senate that would impose a 27 percent duty on all Chinese import…
6/18/2007 3:20:00 PM
China and the European Union agreed to kick off negotiations to improve the framework documents on bilateral economic and trade relationship, according to a senior trade official. "The two sides have agreed to officially launch negotiations toward adjustment of the Sino-EU agreement on trade and…
6/15/2007 1:19:00 PM
The China/U.S. trade friction appears to be escalating to a new level. A series of bills are now being introduced in both the U.S. House and Senate in an attempt to force China to allow the yuan to appreciate faster. This action occurred after angry senators and representatives criticized the U.S. Tr…
6/14/2007 3:31:00 PM
BRUSSELS, June 13 (Xinhua) -- Chinese Commerce Minister Bo Xilai and EU Trade Commissioner Peter Mandelson reached consensus on a number of issues, including textiles, during Tuesday´s annual China-EU trade talks, it was revealed on Wednesday. The Partnership and Cooperation Agreement (PCA)…
6/14/2007 11:05:00 AM
BEIJING, June 13 (Xinhua) -- China approved fewer joint ventures but attracted more foreign direct investment (FDI) in the first five months, indicating the country is still a popular destination of overseas capital, Yao Shenhong, spokesman with the Ministry of Commerce (MOC) said on Wednesday. A tot…
6/13/2007 10:48:00 AM
China’s trade surplus widened to 22.5 billion U.S. dollars for the month of May as the continued appreciation of the yuan and booming exports fueled a 73 percent rise from a year ago. The surplus was in line with feedback from international economists, which had predicted a median of about 19 billio…
6/12/2007 11:20:00 AM
The written history of Chinese carpets can be traced back to more than 300 years ago, while records of physical carpet examination can be over 2,000 years. It fully reflects minority history and culture by that time.China’s carpet technology originated in Xinjiang, it then developed along Qinghai, G…
6/11/2007 10:29:00 AM
Asia is now the engine of world growth. The U.S. economy grew only 0.6 percent in the first quarter while Asian growth continued to surge. India’s economy posted year-on-year growth of 9.4 percent in the fiscal year ending March 31, 2007, which was up from 9.0 percent in the previous year. It also m…
