Other Briefings
A Look at China in Numbers
By Christian Fleming Feb. 25 – As the workshop of the world, China has largely fueled its growth through the export of consumer goods to the West. This was undoubtedly the niche China was bound to fill with its army of cheap labor, abundant natural resources, and a burgeoning free market economy. However, as world […]
Yangtze Ports Show Signs of Growth
Feb. 23 – Cargo passing through the Yangtze River ports increased in January, the first time after six months of decline. Industry sources told Xinhua that businesses on the river will not see a full recovery until the year’s second half. In January, major ports in the area reported that cargo throughput of 80 million […]
China Industry: Feb. 23
Feb. 23 – This is a regular series of relevant industry news from around China. Solar power Golden Sun (Fujian) Solar Technology Co. Ltd. plans to build a RMB950 million thin film solar cell R&D and manufacturing facility with an annual production capacity of 150 MW in the Mafang Industrial Park of Pinggu District. The […]
Brazil to Supply up to 160,000 Barrels Daily to China
Feb. 20 – Brazil’s state-owned oil and gas giant, Petrobras, has agreed to supply from 100,000 to 160,000 barrels of oil daily to China. The oil will be sold to China at market prices and handled by China National Petroleum Corp. and Sinopec.The deal also includes a US$10 billion loan from the China Development Bank, […]
China Reveals Details of Stimulus Package
Feb. 20 – The State Council has announced additional details of the stimulus package in terms of plans to aid the country’s light industry and petrochemical sector. Processing trade restrictions on labor-intensive, technology-intensive, energy-efficient, and environment-friendly products will now be abolished. There will also be higher export rebates for selected light industrial products in addition […]
China to use Forex Funds to Boost Domestic Market
Feb. 19 – The Chinese government said it will use its foreign exchange reserves to lift sagging imports and domestic demand. During a press conference, Fang Shangpu, deputy director of the State Administration of Foreign Exchange (SAFE) told China Daily that the administration would allow more measures to support Chinese firms wanting to expand overseas. […]
Guangdong Government Launches Trade Website
Feb. 19 – The local government has launched a website to provide information and services for Guangdong-based companies dealing in international trade. The companies will be able to use the site for various document and license applications as well as provide updates on the latest government trade policies and news on the global markets. It […]
Foreign Direct Investment Drops by 32.7 Percent
Feb. 17 – The Ministry of Commerce reported that foreign direct investment declined by 32.7 percent in January to US$7.54 billion year on year. This is the fourth straight month that China reported slowing FDI rates. Last December, the FDI rate was 5.7 percent. Commerce ministry spokesman, Yao Jian attributed the steep decline to the […]
